Daily Update
Daily updates on how key currencies are performing in the currency markets.
-
US dollar hits five-week highs amid risk-off mood and rate hike bets Daily Update
May 18 2026Pound (GBP) subdued amid ongoing political jitters The pound (GBP) remained under pressure on Friday, with Sterling still reeling … read more
-
Pound remains suppressed as Streeting’s resignation piles pressure on Starmer Daily Update
May 15 2026Pound (GBP) falls despite robust GDP data The pound (GBP) weakened yesterday afternoon amid speculation over whether Prime Minister Keir Starmer … read more
-
UK GDP fails to boost the pound amid Labour leadership crisis Daily Update
May 14 2026Pound (GBP) shaken by persistent uncertainty The pound (GBP) remained under pressure yesterday as ongoing political uncertainty in the UK continued … read more
-
US dollar firms amid risk aversion and rising US inflation Daily Update
May 13 2026Pound (GBP) weakens as Starmer’s position remains uncertain The pound (GBP) came under pressure yesterday as mounting numbers of MPs urged Prime … read more
-
Pound retreats as members of Starmer’s cabinet call for his resignation Daily Update
May 12 2026Pound (GBP) weakened by mounting political pressure on Starmer The pound (GBP) began the week on the back foot amid renewed uncertainty surrounding … read more
-
Pound retreats as Starmer’s premiership hangs in the balance Daily Update
May 11 2026Pound (GBP) wavers amid UK political uncertainty The pound (GBP) showed surprising resilience at the close of last week, despite significant Labour … read more
-
Pound muted as Labour’s local election losses mount Daily Update
May 8 2026Pound (GBP) subdued amid UK local elections The pound (GBP) struggled to gain any notable traction yesterday, as investors remained cautious while … read more
-
UK local elections to pressure the pound today? Daily Update
May 7 2026Pound (GBP) mixed amid stronger PMI The pound (GBP) lacked a clear direction yesterday, with competing drivers leaving Sterling to trade across a … read more
-
US dollar stumbles amid US-Iran peace hopes Daily Update
May 6 2026Pound (GBP) finds support against safer peers The increasingly risk-sensitive pound (GBP) edged higher against several of its safer … read more
-
US dollar jumps as Middle East tensions flare Daily Update
May 5 2026Pound (GBP) supported by BoE Pill comments The pound (GBP) ended last week on a firmer footing, following comments from Huw Pill, Chief Economist at … read more