Daily Update

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

• Pound suffers selloff as budget anxiety grips UK markets Daily Update

  November 1 2024

  Pound (GBP) slumps as UK borrowing costs soar The pound (GBP) suffered a bruising session yesterday as market anxiety in the wake of the Autumn … read more

• Pound fluctuates lower following Autumn Budget Daily Update

  October 31 2024

  Pound (GBP) volatile as UK unveils budget The pound (GBP) was choppy yesterday as investors reacted to the unveiling of the UK’s Autumn … read more

• Pound extends upside ahead of Autumn Budget Daily Update

  October 30 2024

  Pound (GBP) rises ahead of UK budget The pound (GBP) strengthened yesterday as optimism ahead of today’s Autumn Budget boosted the UK … read more

• US dollar weakens amid improving market mood Daily Update

  October 29 2024

  Pound (GBP) underpinned by budget hopes The pound (GBP) rose against its weaker rivals yesterday as GBP investors were cautiously optimistic ahead … read more

• Pound steady as UK budget looms Daily Update

  October 28 2024

  Pound (GBP) stable amid budget hopes The pound (GBP) edged higher at the end of last week’s session as recent jitters over the UK’s looming … read more

• Pound recovers as UK Chancellor confirms change to fiscal rules Daily Update

  October 25 2024

  Pound (GBP) rebounds amid budget optimism The pound (GBP) rallied yesterday, shrugging off a surprisingly weak services PMI, amid hopes that the UK … read more

• GBP/USD slides to two-month low amid ‘Trump trade’ Daily Update

  October 24 2024

  Pound (GBP) dented by budget jitters The pound (GBP) struggled to attract support during yesterday’s session amid ongoing concern over the UK’s … read more

• Pound falls as higher public borrowing fuels budget fears Daily Update

  October 23 2024

  Pound (GBP) stumbles amid UK tax rise fears The pound (GBP) fell yesterday as a rise in UK government borrowing fuelled worries about the upcoming … read more

• US dollar firms as US Treasury yields surge Daily Update

  October 22 2024

  Pound (GBP) subdued amid tax hike speculation The pound (GBP) traded sideways at the start of this week’s session, as GBP investors grew … read more

• US dollar slides as market risk appetite improves Daily Update

  October 21 2024

  Pound (GBP) buoyed by positive retail sales print The pound (GBP) closed last week’s session on a positive note, following the release of the … read more