Daily Update
Daily updates on how key currencies are performing in the currency markets.
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Pound directionless amid BoE rate cut speculation Daily Update
July 29 2024Pound (GBP) sidelined by BoE rate cut speculation The pound (GBP) traded in a narrow range at the end of last week, amid Bank of England (BoE) … read more
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US dollar firms on stronger-than-expected US GDP print Daily Update
July 26 2024Pound (GBP) stumbles on BoE rate cut bets The pound (GBP) came under pressure on Thursday amid a hardening of Bank of England (BoE) rate cut … read more
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Pound underpinned by positive UK PMIs Daily Update
July 25 2024Pound (GBP) buoyed by robust UK PMIs The pound (GBP) trended broadly higher on Wednesday, following the publication of the UK’s latest … read more
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US dollar climbs amid risk-off market mood Daily Update
July 24 2024Pound (GBP) uncertain amid lack of data The pound (GBP) was mixed on Tuesday as an ongoing lack of British economic data left the currency trading … read more
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US dollar, pound and euro muted in quiet trade Daily Update
July 23 2024Pound (GBP) rangebound in absence of data The pound (GBP) wavered sideways yesterday amid a lack of UK economic data Meanwhile, concerns about … read more
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Pound stumbles as UK retail sales slump Daily Update
July 22 2024Pound (GBP) dented by downbeat retail data The pound (GBP) slipped against its stronger peers on Friday following a much larger-than-forecast … read more
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Pound retreats as UK wage growth cools Daily Update
July 19 2024Pound (GBP) weakens as UK wage growth cools The pound (GBP) stumbled yesterday, retreating from recent multi-month highs, following the latest UK … read more
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GBP/USD breaks above $1.30 following UK inflation Daily Update
July 18 2024Pound (GBP) marches higher following UK CPI The pound (GBP) strengthened yesterday after the UK’s latest consumer price index saw markets trim … read more
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US dollar climbs on upbeat retail data Daily Update
July 17 2024Pound (GBP) subdued ahead of UK CPI The pound (GBP) was mixed yesterday as a lack of UK data left the currency trading without a clear … read more
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US dollar remains pressured amid Fed rate cut speculation Daily Update
July 16 2024Pound (GBP) rangebound amid lack of data The pound (GBP) was muted yesterday as a lack of UK economic data kept the currency confined to a narrow … read more