Daily Update

Daily updates on how key currencies are performing in the currency markets.

• Sterling at Monthly Lows on Dovish BoE Comments Daily Update

  August 10 2016

  Sterling The Pound weakened again yesterday in response to further dovish comments from the Bank of England Policymaker Ian McCafferty, who voted … read more

• Pound Hits 2.5-Year Low Vs. 'Aussie' Dollar Daily Update

  August 9 2016

  Sterling It was a fairly quiet day for the Pound yesterday but the Bank of England’s recently announced stimulus scheme meant that Sterling found … read more

• 'Cable' Hits Three-Week Low on Strong US NFP Report Daily Update

  August 8 2016

  Sterling The Pound settled on Friday following a day of heavy losses on Thursday in reaction to the Bank of England’s new four-pronged stimulus … read more

• Sterling Plunges On Aggressive BoE Stimulus Package Daily Update

  August 5 2016

  Sterling The Pound suffered its heaviest losses since the ‘Brexit’ vote yesterday as markets reacted fiercely to a four-point stimulus package … read more

• BoE Poised to Cut Rates for First Time Since 2009 Daily Update

  August 4 2016

  Sterling Markit Economics’ latest PMI print confirmed yesterday that private sector output contracted during July at its fastest pace since the … read more

• Can Sterling Hold Onto Weekly Highs? Daily Update

  August 3 2016

  Sterling It’s a strange day when a seven-year low construction PMI result helps boost Sterling higher across the board, but that’s what happened … read more

• GBP/EUR Touches 20-Day Low on Downgraded Manufacturing PMI Daily Update

  August 2 2016

  Sterling The Pound only suffered minor losses yesterday, even though the latest UK manufacturing PMI showed that activity within the sector shrank … read more

• Pound Up Vs. 'Greenback' On Soft US GDP Daily Update

  August 1 2016

  Sterling Sterling ticked lower versus most of the majors – but not the US Dollar – on Friday as downbeat domestic sentiment weighed on the UK … read more

• Sterling Softens on Dovish BoE Bets Daily Update

  July 29 2016

  Sterling Sterling suffered yesterday in response to comments from Bank of England policymaker David Blanchflower hinting that the bank could push … read more

• Sterling Not Lifted By Strong Q2 GDP Daily Update

  July 28 2016

  Sterling The Office for National Statistics (ONS) reported that the UK economy expanded 06% in the second quarter, marking a sturdy acceleration on … read more