Daily Update
Daily updates on how key currencies are performing in the currency markets.
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US dollar slumps in the wake of Fed decision Daily Update
May 2 2024Pound (GBP) muted following manufacturing PMI The pound (GBP) was subdued yesterday after the final UK manufacturing PMI for April confirmed a … read more
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Euro marches higher following upbeat data releases Daily Update
May 1 2024Pound (GBP) mixed as risk sentiment drives movement The pound (GBP) moved without a clear trajectory on Tuesday as a lack of UK economic data left … read more
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Pound rises amid risk-on market mood Daily Update
April 30 2024Pound (GBP) rises despite lack of data The pound (GBP) gained ground against many of its rivals yesterday, despite a lack of British economic … read more
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US dollar rallies amid signs of sticky inflation Daily Update
April 29 2024Pound (GBP) wobbles in absence of data The pound (GBP) wavered at the end of last week as a lack of UK economic data left Sterling struggling to … read more
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US dollar fluctuates lower as American economy slows Daily Update
April 26 2024Pound (GBP) underpinned by rate cut bet pullback The pound (GBP) enjoyed some success yesterday as an ongoing pullback in Bank of England (BoE) … read more
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US dollar inches higher amid rising US Treasury yields Daily Update
April 25 2024Pound (GBP) unclear following mixed data The pound (GBP) moved without a clear direction yesterday following mixed mid-tier data from the … read more
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Pound rallies as BoE policymaker pushes back on rate cut bets Daily Update
April 24 2024Pound (GBP) boosted by hawkish BoE comments The pound (GBP) strengthened yesterday after Bank of England (BoE) Chief Economist Huw Pill warned … read more
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Pound strikes multi-month lows as markets price in August rate cut Daily Update
April 23 2024Pound (GBP) tumbles as markets bet on BoE rate cuts The pound (GBP) fell to new multi-month lows yesterday as markets began pricing in an interest … read more
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Pound plunges as BoE policymaker forecasts sharp fall in inflation Daily Update
April 22 2024Pound (GBP) slumps amid BoE rate cut bets The pound (GBP) slumped at the end of last week after some dovish comments from Bank of England (BoE) … read more
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US dollar ticks higher as markets rein in Fed rate cut bets Daily Update
April 19 2024Pound (GBP) unclear in absence of data The pound (GBP) struggled to find a clear direction yesterday as a lack of UK economic data limited the … read more