Daily Update

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

• Pound, euro and US dollar muted as market volatility subsides Daily Update

  August 12 2024

  Pound (GBP) muted in absence of data The pound (GBP) was subdued on Friday, failing to find a clear trajectory amid a lack of UK economic data In … read more

• Pound crawls up from multi-month lows Daily Update

  August 9 2024

  Pound (GBP) inches up from recent lows After touching multi-month lows against some peers, the pound (GBP) managed to creep slightly higher during … read more

• US dollar stumbles as risk appetite returns Daily Update

  August 8 2024

  Pound (GBP) mixed in absence of data A lack of UK data left the increasingly risk-sensitive pound (GBP) to be driven by the market mood yesterday, … read more

• Pound slides amid BoE rate cut bets and civil unrest Daily Update

  August 7 2024

  Pound (GBP) extends downside amid BoE rate cut bets The pound (GBP) faced selling pressure yesterday as markets continued to price in the … read more

• Global market selloff drives significant currency volatility Daily Update

  August 6 2024

  Pound (GBP) weakens amid BoE rate cut speculation The pound (GBP) fluctuated lower yesterday as a global market selloff fuelled bets that the Bank … read more

• US dollar plummets following weak jobs data Daily Update

  August 5 2024

  Pound (GBP) claws back losses on BoE comments The pound (GBP) initially remained on the back foot on Friday as the Bank of England’s (BoE) … read more

• Pound plunges as BoE cuts interest rates Daily Update

  August 2 2024

  Pound (GBP) hammered by BoE rate cut The pound (GBP) plummeted to multi-week lows yesterday as investors began anticipating an interest rate cut … read more

• US dollar retreats as Fed hints at September rate cut Daily Update

  August 1 2024

  Pound (GBP) sidelined ahead of BoE rate decision The Bank of England’s (BoE) impending interest rate decision left the pound (GBP) to trade … read more

• Pound slips as BoE interest rate decision looms Daily Update

  July 31 2024

  Pound (GBP) struggles ahead of BoE decision The pound (GBP) was on the back foot yesterday as a lack of UK economic data left Sterling vulnerable to … read more

• US dollar rises amid souring market mood Daily Update

  July 30 2024

  Pound (GBP) wobbles amid UK tax hike fears The pound (GBP) stumbled out of the gate this week amid fears that UK Chancellor Rachel Reeves would … read more