Daily Update
Daily updates on how key currencies are performing in the currency markets.
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US dollar nosedives on dovish Fed Powell speech Daily Update
August 27 2024Pound (GBP) strengthened by BoE rate speculation The pound (GBP) closed last week’s session on a positive note as Thursday’s impressive UK PMI … read more
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Pound rallies as markets trim BoE rate cut bets on upbeat UK PMIs Daily Update
August 23 2024Pound (GBP) strengthens on upbeat PMIs The pound (GBP) rallied yesterday as GBP investors welcomed stronger-than-expected PMI figures from the … read more
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Pound shrugs off disappointing UK borrowing figures Daily Update
August 22 2024Pound (GBP) firms in spite of UK borrowing concerns The pound (GBP) ticked higher on Wednesday, despite data showing that UK government borrowing … read more
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US dollar strikes new multi-month lows in upbeat trade Daily Update
August 21 2024Pound (GBP) buoyed by UK economic optimism The pound (GBP) trended broadly higher yesterday, with Sterling sentiment strengthening amid UK economic … read more
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EUR/USD strikes year-to-date high on dovish Fed remarks Daily Update
August 20 2024Pound (GBP) muted amid BoE speculation The pound (GBP) traded sideways through yesterday’s session as GBP investors continued to adjust their … read more
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US dollar stumbles as risk appetite improves Daily Update
August 19 2024Pound (GBP) trims gains after recovering retail sales The pound (GBP) strengthened as Friday’s session started, thanks to a 05% recovery in UK … read more
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US dollar recovers on stronger retail sales Daily Update
August 16 2024Pound (GBP) buoyed by upbeat UK GDP The pound (GBP) attracted some bids yesterday thanks to a solid 06% expansion in the UK economy in the second … read more
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Pound and US dollar dented by softer inflation readings Daily Update
August 15 2024Pound (GBP) slips as inflation misses forecasts The pound (GBP) fell yesterday after the UK’s consumer price index came in lower than expected, … read more
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Pound rallies as UK jobs data beats forecasts Daily Update
August 14 2024Pound (GBP) strengthens on upbeat employment data The pound (GBP) jumped yesterday after stronger-than-forecast UK jobs data dampened expectations … read more
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Pound quiet as GBP investors wait for upcoming data Daily Update
August 13 2024Pound (GBP) muted despite hawkish BoE remarks Hawkish comments from Bank of England (BoE) policymaker Catherine Mann failed to lift the pound (GBP) … read more