Daily Update

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

• Pound Rises on BoE Surprise Daily Update

  July 15 2016

  Sterling The Pound zipped higher against the majors yesterday in response to the Bank of England’s decision to leave rates on hold at the record … read more

• Sterling Slides Ahead of BoE Rate Decision Daily Update

  July 14 2016

  Sterling The Pound softened yesterday as the relief of Britain finding a new Prime Minister in Theresa May wore off Traders’ attentions turned to … read more

• Theresa May Rally Carries Pound Higher Daily Update

  July 13 2016

  Sterling The Pound’s Theresa May relief rally continued yesterday as investors cheered the early anointing of the Home Secretary as Prime Minister … read more

• Pound Rises On Early Conclusion of Tory Leadership Contest Daily Update

  July 12 2016

  Sterling The Pound avoided further losses yesterday – having initially gotten off to a bad start – as markets reacted positively to news that … read more

• Sterling Stabilises Ahead of BoE Rate Announcement Daily Update

  July 11 2016

  Sterling Sterling stabilised on Friday following another week of sizable losses However, the main event on the calendar this week is the Bank of … read more

• UK Economy Starts to Shrink Daily Update

  July 8 2016

  Sterling Sterling stabilised somewhat yesterday, following two days of severe losses, but remained close to multi-year lows versus most of the … read more

• Sterling Rout Continues On Property Investment Freezes Daily Update

  July 7 2016

  Sterling The Pound tumbled to new multi-year lows yesterday as more commercial property funds were forced to suspend trading following a surge of … read more

• Pound Plunges to Multi-year Lows Daily Update

  July 6 2016

  Sterling The Pound tanked across the board yesterday as the economic impacts of the historic ‘Brexit’ vote started to be felt At least three … read more

• UK Construction Activity Hits 7-Year Low on 'Brexit' Concerns Daily Update

  July 5 2016

  Sterling Extremely disappointing UK construction data hit policymakers like a hammer yesterday Markit Economics reported that construction activity … read more

• Pound Hits New Yearly Lows Daily Update

  July 4 2016

  Sterling The Pound fell to new lows versus most of the majors on Friday as Bank of England Governor Mark Carney’s suggestion that interest rates … read more