Daily Update
Daily updates on how key currencies are performing in the currency markets.
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Euro firms as Eurozone inflation outpaces forecasts Daily Update
June 3 2024Pound (GBP) softens as data remains scarce The pound (GBP) fell against many of its peers on Friday as a continued lack of UK economic data left the … read more
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US dollar declines as US economy slows more than expected Daily Update
May 31 2024Pound (GBP) slips in absence of data The pound (GBP) weakened yesterday as the ongoing lack of UK economic data left Sterling vulnerable to … read more
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US dollar rises as markets rein in Fed rate cut bets Daily Update
May 30 2024Pound (GBP) softens amid souring market mood A lack of UK data left the pound (GBP) exposed to global risk dynamics yesterday, with the increasingly … read more
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GBP, EUR and USD waver amid market volatility Daily Update
May 29 2024Pound (GBP) wavers following CBI data The pound (GBP) fluctuated yesterday, although a stronger-than-expected distributive trades survey from the … read more
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US dollar slides amid improving market mood Daily Update
May 28 2024Pound (GBP) subdued amid slump in retail sales The pound (GBP) was muted on Friday, but managed to avoid a selloff, despite a huge 23% slump in UK … read more
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Pound trims post-inflation gains as UK PMIs disappoint Daily Update
May 24 2024Pound (GBP) slips as UK service sector growth slows The pound (GBP) stumbled yesterday after the UK’s latest services PMI pointed to a much … read more
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Pound climbs as UK inflation beats forecasts Daily Update
May 23 2024Pound (GBP) boosted by hotter inflation reading The pound (GBP) surged to two-month highs yesterday after the UK’s consumer price index for April … read more
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Pound mixed amid economic optimism and BoE rate cut bets Daily Update
May 22 2024Pound (GBP) mixed following revised IMF forecasts The pound (GBP) traded in a wide range yesterday as economic optimism and Bank of England (BoE) … read more
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Pound consolidates gains ahead of UK inflation data Daily Update
May 21 2024Pound (GBP) buoyed despite mixed BoE comments The pound (GBP) strengthened against is weaker rivals yesterday, despite some mixed comments from Bank … read more
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US dollar slips amid risk-positive trade Daily Update
May 20 2024Pound (GBP) rises as risk appetite increases The pound (GBP) strengthened against many of its rivals on Friday, as an improving market mood lifted … read more