Daily Update
Daily updates on how key currencies are performing in the currency markets.
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US dollar pulls back amid profit-taking Daily Update
February 12 2025Pound (GBP) rebounds as investors buy the dip The pound (GBP) initially weakened yesterday before regaining ground in the afternoon Some … read more
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US dollar strengthens as Trump imposes new tariffs Daily Update
February 11 2025Pound (GBP) dips amid BoE rate cut speculation The pound (GBP) weakened throughout yesterday’s session as investors continued to price in further … read more
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US dollar wavers as Trump threatens metal tariffs Daily Update
February 10 2025Pound (GBP) lifted by hawkish BoE remarks The pound (GBP) edged higher at the end of last week after Bank of England (BoE) Chief Economist Huw Pill … read more
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Pound plummets as BoE cuts rates and slashes UK growth forecast Daily Update
February 7 2025Pound (GBP) plunges as BoE delivers dovish rate cut The pound (GBP) fell sharply on Thursday after the Bank of England (BoE) delivered a 25 basis … read more
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US dollar weakens as tariff fears ease Daily Update
February 6 2025Pound (GBP) struggles as UK services PMI disappoints The pound (GBP) was subdued on Wednesday as markets reacted to the UK’s latest services PMI … read more
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US dollar stumbles as Trump reverses course on tariffs Daily Update
February 5 2025Pound (GBP) steady as BoE decision looms The pound (GBP) struggled for direction on Tuesday as investors held off on making any major moves ahead of … read more
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EUR/USD rocked by EU-US trade war fears Daily Update
February 4 2025Pound (GBP) supported by hopes of strong UK-US ties The pound (GBP) outperformed many of its peers on Monday as markets remained optimistic that … read more
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US dollar climbs as Trump presses forward with tariffs Daily Update
February 3 2025Pound (GBP) subdued amid limited data The pound (GBP) remained largely rangebound on Friday, with a lack of key UK economic data leaving the … read more
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US dollar volatile on weaker GDP and fresh tariff threats Daily Update
January 31 2025Pound (GBP) quiet as data thin on the ground The pound (GBP) was mostly muted yesterday amid an ongoing absence of UK economic data However, … read more
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US dollar steady following Fed’s hawkish pause Daily Update
January 30 2025Pound (GBP) muted after Reeves's growth announcement The pound (GBP) remained largely flat on Tuesday following a key speech from UK Chancellor … read more