Daily Update

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

• Daily Update: Sterling Softens as BoE Cuts Growth Forecast Daily Update

  February 5 2016

  Sterling The Pound weakened slightly versus most of the majors yesterday as the Bank of England cut its growth forecasts and the one hawkish member … read more

• Daily Update: Sterling Sturdy Ahead of BoE 'Super Thursday' Announcements Daily Update

  February 4 2016

  Sterling Sterling appreciated versus some of the majors yesterday as investors reacted to an unexpectedly strong service sector report Markit … read more

• Daily Update: Positive British EU Talks Boost Pound Daily Update

  February 3 2016

  Sterling The Pound performed pretty well yesterday as news emerged suggesting UK Prime Minister David Cameron was close to agreeing a deal to keep … read more

• Daily Update: Sterling Rallies Two Cents Versus US Dollar Daily Update

  February 2 2016

  Sterling The Pound strengthened versus most of the majors yesterday as data showed that manufacturing output improved more-than-anticipated in … read more

• Daily Update: 'Brexit' Fears Drive Sterling Lower Daily Update

  February 1 2016

  Sterling The Pound struggled on Friday, as did David Cameron in his negotiations with EU leaders for a better European deal for Britain ‘Brexit’ … read more

• Daily Update: Sterling Hits 2-Week High Vs. US Dollar Ahead of US GDP Data Daily Update

  January 29 2016

  Sterling It was reported yesterday that British growth accelerated from 04% to 05% in the fourth quarter of 2015 Sturdy domestic activity in the … read more

• Daily Update: Fed Leaves Rates On Hold, GBP/USD Falls Daily Update

  January 28 2016

  Sterling The Pound struggled against the majors yesterday as jittery traders consolidated Sterling positions ahead of this morning’s UK GDP report … read more

• Sterling Rallies 100 Pips Versus Euro Daily Update

  January 27 2016

  Sterling Profit-taking stances allowed the Pound to garner some momentum yesterday and recover some ground against the Euro and the US Dollar Bank … read more

• Japanese Yen Dips after Carney Comments Daily Update

  January 26 2016

  The past week has seen the Pound Sterling to Japanese Yen (GBP/JPY) exchange rate fluctuate wildly in response to economic developments, although the … read more

• Daily Update: Sterling Rallies Vs. Commodity Bloc Daily Update

  Sterling The Pound came under a little pressure against some of the majors yesterday as ‘Brexit’ fears and soft Bank of England rate hike bets … read more