Daily Update
Daily updates on how key currencies are performing in the currency markets.
-
Pound extends gains following strong week Daily Update
July 15 2024Pound (GBP) strengthens amid UK hopes The pound (GBP) extended its upside on Friday, ending a strong week of gains on positive footing Hopes of … read more
-
US dollar plunges as US inflation cools Daily Update
July 12 2024Pound (GBP) boosted by stronger GDP The pound (GBP) strengthened yesterday after the UK’s latest GDP data beat expectations The British economy … read more
-
Pound rallies following hawkish BoE comments Daily Update
July 11 2024Pound (GBP) rises as markets trim BoE bets The pound (GBP) rallied yesterday following hawkish comments from Bank of England (BoE) Chief Economist … read more
-
US dollar recovers following Fed comments Daily Update
July 10 2024Pound (GBP) stumbles as UK election cheer fades The pound (GBP) was initially rangebound yesterday as the optimism around the recent UK election and … read more
-
Pound climbs as new UK government pushes for growth Daily Update
July 9 2024Pound (GBP) rises amid hopes for Labour government Investors in the pound (GBP) reacted positively to the new UK government’s first actions in … read more
-
US dollar touches multi-week lows as Treasury yields decline Daily Update
July 8 2024Pound (GBP) buoyed by UK election result The pound (GBP) enjoyed modest success on Friday after the Labour Party won a landslide in the UK general … read more
-
Pound steady as Labour Party wins landslide Daily Update
July 5 2024Pound (GBP) quiet amid UK general election The pound (GBP) was muted yesterday as polling stations opened across the UK for the country’s general … read more
-
US dollar slides as US service sector activity contracts Daily Update
July 4 2024Pound (GBP) buoyed by services PMI The pound (GBP) found some success yesterday after the UK’s finalised services PMI for June was revised … read more
-
Euro falls as Eurozone inflation eases Daily Update
July 3 2024Pound (GBP) firms as risk appetite increases The pound (GBP) rose against many of its peers yesterday, despite a lack of UK economic data An … read more
-
Euro strengthens following French election Daily Update
July 2 2024Pound (GBP) uncertain following mixed manufacturing PMI The pound (GBP) moved without a clear direction yesterday following the UK’s final … read more