Daily Update
Daily updates on how key currencies are performing in the currency markets.
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Pound struggles despite stronger UK GDP Daily Update
July 1 2024Pound (GBP) uninspired by upbeat GDP The pound (GBP) struggled to attract support on Friday, despite the UK’s final results for first-quarter GDP … read more
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US dollar retreats amid disappointing data Daily Update
June 28 2024Pound (GBP) resists losses despite financial stability fears The pound (GBP) found limited success yesterday, firming against its weaker rivals but … read more
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Pound stumbles as bleak sales data fuels UK economy worries Daily Update
June 27 2024Pound (GBP) slides amid downbeat retail data The pound (GBP) came under pressure yesterday following some downbeat data from the Confederation of … read more
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US dollar climbs as Fed official voices openness to rate hike Daily Update
June 26 2024Pound (GBP) ticks higher despite lack of data Despite a lack of fresh UK economic data, the pound (GBP) rose against its weaker rivals … read more
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US dollar retreats from recent highs amid profit-taking Daily Update
June 25 2024Pound (GBP) stable following positive CBI data The pound (GBP) held steady yesterday after the Confederation of British Industry’s (CBI) latest … read more
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US dollar rises as PMIs beat forecasts Daily Update
June 24 2024Pound (GBP) choppy amid mixed UK economic data The pound (GBP) fluctuated last Friday as new data painted a mixed picture of the UK economy While … read more
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Pound falls following Bank of England decision Daily Update
June 21 2024Pound (GBP) slides as BoE close to cutting interest rates The pound (GBP) fell yesterday in the wake of the Bank of England’s (BoE) latest … read more
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Pound wavers following UK inflation data Daily Update
June 20 2024Pound (GBP) wavers following mixed inflation figures The pound (GBP) initially rose yesterday despite the latest UK consumer price index reporting … read more
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US dollar stumbles following disappointing retail sales Daily Update
June 19 2024Pound (GBP) slips amid signs of easing inflation The pound (GBP) fell yesterday as easing grocery inflation fuelled bets on a summer interest rate … read more
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Euro recovers following ECB remarks Daily Update
June 18 2024Pound (GBP) mixed in absence of data The pound (GBP) initially dipped yesterday before clawing back its losses and trading broadly sideways … read more