Daily Update
Daily updates on how key currencies are performing in the currency markets.
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Pound, Euro, US Dollar Dented by Signs of Economic Slowdown Daily Update
August 24 2023Pound (GBP) Sinks amid Dismal PMI Readings Shockingly poor private sector indexes blighted the Pound (GBP) yesterday, pushing it down against its … read more
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Euro Slides as US Dollar Rebounds Daily Update
August 23 2023Euro (EUR) Slides amid German Economic Woes The Euro (EUR) faced selling pressure during yesterday’s session, amid lingering concerns about the … read more
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Pound, Euro and US Dollar Waver amid Lack of Data Daily Update
August 22 2023Pound (GBP) Wavers amid Lack of Data The Pound (GBP) fluctuated without a clear direction yesterday as a lack of British economic data left the … read more
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Pound Clipped by Sharp Contraction in UK Retail Sales Daily Update
August 21 2023Pound (GBP) Stumbles as Retail Sales Slump The Pound (GBP) initially faced selling pressure on Friday after UK retail sales slumped a whopping 12% … read more
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Pound Consolidates Gains as More BoE Rate Hikes Look Likely Daily Update
August 18 2023Pound (GBP) Firms amid BoE Bets The Pound (GBP) trended higher against most of its peers yesterday as Bank of England (BoE) interest rate … read more
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Pound Climbs as Sticky Core Inflation Boosts BoE Bets Daily Update
August 17 2023Pound (GBP) Buoyed by BoE Rate Hike Bets The Pound (GBP) marched higher during yesterday’s session after hotter-than-forecast UK inflation data … read more
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Red-Hot Wage Data Boosts Pound Daily Update
August 16 2023Pound (GBP) Boosted by Red-Hot Wage Growth Record-high average earnings data boosted the Pound (GBP) yesterday, as wages grew more than … read more
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US Dollar Buoyed by Risk-Averse Trade Daily Update
August 15 2023US Dollar (USD) Rises on Risk-Averse Trade The safe-haven US Dollar (USD) strengthened on Monday, amid a prevailing risk-off mood Anxieties … read more
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Pound Rallied amid Surprise Uptick in UK GDP Daily Update
August 14 2023Pound (GBP) Strengthens as UK GDP Surprises to the Upside The Pound (GBP) rose against most peers of Friday as GBP investors welcomed the UK’s … read more
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US Dollar Rebounds from Post-CPI Volatility Daily Update
August 11 2023US Dollar (USD) Recovers from Cooler-Than-Expected Inflation The US Dollar (USD) traded in a wide range yesterday USD exchange rates initially … read more