Daily Update
Daily updates on how key currencies are performing in the currency markets.
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US dollar ticks higher amid souring mood Daily Update
May 17 2024Pound (GBP) undermined by dovish BoE comments The pound (GBP) softened against some of its rivals yesterday after Bank of England (BoE) policymaker … read more
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US dollar slides to one-month low as US inflation cools Daily Update
May 16 2024Pound (GBP) buoyed by risk-positive trade The pound (GBP) rose against its safer peers yesterday as a bullish market impulse boosted the … read more
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Pound falls amid mixed labour market data Daily Update
May 15 2024Pound (GBP) weakens as UK unemployment rises The pound (GBP) fluctuated lower yesterday following mixed jobs data Although wage growth beat … read more
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US dollar softens as market mood improves Daily Update
May 14 2024Pound (GBP) fluctuates amid mixed factors The pound (GBP) initially stumbled yesterday before regaining ground in the afternoon and managing to rise … read more
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Pound unable to hold gains despite UK escaping recession Daily Update
May 13 2024Pound (GBP) sheds post-GDP gains The pound (GBP) initially strengthened on Friday after data showed that the British economy came out of recession … read more
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Bank of England policy decision rocks the pound Daily Update
May 10 2024Pound (GBP) wavers lower following BoE decision The pound (GBP) fluctuated yesterday, trending lower against its stronger peers, as the Bank of … read more
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US dollar climbs as market sentiment sours Daily Update
May 9 2024Pound (GBP) softens ahead of BoE decision The pound (GBP) fell against many of its peers yesterday, striking a two-week low against the euro (EUR), … read more
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Euro climbs despite mixed Eurozone data Daily Update
May 8 2024Pound (GBP) wobbles ahead of BoE decision The pound (GBP) wavered without a clear direction on Tuesday as a lack of UK data left the currency … read more
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US dollar tumbles following weaker jobs data Daily Update
May 7 2024Pound (GBP) subdued despite strong PMI The pound (GBP) struggled against its stronger peers on Friday, despite the UK’s final services PMI … read more
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Pound slides as OECD slashes UK growth forecasts Daily Update
May 3 2024Pound (GBP) stumbles amid economic concerns The pound (GBP) fell yesterday after the OECD slashed its growth forecasts for the UK The Paris-based … read more