Daily Update

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

• GBP/EUR soars to new two-year high on abysmal Eurozone data Daily Update

  September 24 2024

  Pound (GBP) wavers on mixed UK PMIs The pound (GBP) was subdued through yesterday’s session, following the release of a mixed UK services … read more

• Pound finds fleeting gains as UK retail sales beat forecasts Daily Update

  September 23 2024

  Pound (GBP) trims gains despite strong retail sales The pound (GBP) initially strengthened on Friday after the UK’s latest retail sales figure … read more

• Pound supported as BoE leaves rates unchanged Daily Update

  September 20 2024

  Pound (GBP) buoyed by BoE rate hold The pound (GBP) enjoyed some support yesterday after the Bank of England (BoE) voted overwhelmingly not to cut … read more

• GBP/USD touches 30-month high following bumper Fed rate cut Daily Update

  September 19 2024

  Pound (GBP) climbs as UK CPI beats forecasts The pound (GBP) strengthened yesterday after the UK’s latest consumer price index exceeded … read more

• GBP/USD to surge if Fed delivers a bumper 50bps rate cut? Daily Update

  September 18 2024

  Pound (GBP) stable ahead of impactful UK data The pound (GBP) traded sideways through yesterday’s session in the absence of any market-moving GBP … read more

• US dollar slides as investors adjust Fed rate cut bets Daily Update

  September 17 2024

  Pound (GBP) supported by upbeat mood The pound (GBP) trended broadly higher through yesterday’s trading session, with Sterling underpinned by … read more

• Pound consolidates gains in quiet trade Daily Update

  September 16 2024

  Pound (GBP) stabilises following recent gains The pound (GBP) traded in a narrow range at the end of last week, with the currency consolidating some … read more

• Euro subdued as ECB cuts interest rates Daily Update

  September 13 2024

  Pound (GBP) subdued on public debt concerns The pound (GBP) traded sideways on Thursday, following a warning that UK debt may triple over the next … read more

• GBP/USD strikes three-week low as US core inflation rises Daily Update

  September 12 2024

  Pound (GBP) stumbles as UK growth stagnates The pound (GBP) faced resistance on Wednesday, as GBP investors were left disappointed by the latest UK … read more

• Pound finds fleeting gains on UK jobs data Daily Update

  September 11 2024

  Pound (GBP) buoyed as UK unemployment falls The pound (GBP) initially firmed yesterday as the UK’s latest jobs report showed that unemployment … read more