Daily Update

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

• Pound Sturdy As Chancellor Strikes Softer Tone Daily Update

  October 20 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

• Pound Bounces On 'Brexit' Trade Deal Hope Daily Update

  October 19 2016

  Sterling The Pound received a much-needed shot in the arm yesterday when a High Court lawyer, representing the government, said that UK parliament … read more

• UK Inflation Set To Rise Daily Update

  October 18 2016

  Sterling Rumours that British Chancellor Phillip Hammond was planning to step down from his post, just over 100 days into the role, hurt the Pound … read more

• Commodity Bloc Rallies Vs. Pound Daily Update

  October 17 2016

  Sterling The Pound softened across the board on Friday as unimpressive domestic construction data compounded negative sentiment towards the UK … read more

• EUR/ZAR Trims Weekly Gains as Hopes Increase for SA Finance Minister’s Job Daily Update

  October 14 2016

  The Euro to South African Rand exchange rate has seen significant fluctuations this week thanks to rapidly changing ZAR sentiment News that South … read more

• #MarmiteGate Takes Centre Stage Daily Update

  Sterling The Pound remained fairly sturdy yesterday as the ‘Brexit’ debate turned from matters of jobs, trade, economic growth and immigration … read more

• Pound Stages Mini Recovery Daily Update

  October 13 2016

  Sterling The Pound staged a minor recovery yesterday morning in response to UK Prime Minister Theresa May’s concession to accept a motion proposed … read more

• Sterling Rout Continues Daily Update

  October 12 2016

  Sterling The Pound continued to depreciate yesterday as traders reacted to a leaked Treasury report suggesting that British GDP could fall 54%-95%, … read more

• Sterling Remains On Back Foot Daily Update

  October 11 2016

  Sterling The Pound depreciated versus most of the majors yesterday to levels that would have represented new lows had it not been for last week’s … read more

• 'Flash Crash' Smashes Sterling Daily Update

  October 10 2016

  Sterling Although no one really knows what caused the Pound’s ‘flash crash’ on Friday morning, most investors are taking the extraordinary … read more