Daily Update
Daily updates on how key currencies are performing in the currency markets.
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GBP/USD strikes three-week low as US core inflation rises Daily Update
September 12 2024Pound (GBP) stumbles as UK growth stagnates The pound (GBP) faced resistance on Wednesday, as GBP investors were left disappointed by the latest UK … read more
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Pound finds fleeting gains on UK jobs data Daily Update
September 11 2024Pound (GBP) buoyed as UK unemployment falls The pound (GBP) initially firmed yesterday as the UK’s latest jobs report showed that unemployment … read more
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Pound to firm on upbeat UK jobs data? Daily Update
September 10 2024Pound (GBP) muted amid lull in data The pound (GBP) traded without strong directional bias at the start of this week in the continued absence of any … read more
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US dollar fluctuates following mixed US payroll figures Daily Update
September 9 2024Pound (GBP) buoyed by BoE rate expectations The pound (GBP) trended broadly higher against most of its major peers apart from the US dollar (USD) on … read more
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US dollar stumbles on soft US jobs data Daily Update
September 6 2024Pound (GBP) supported by risk-on mood The pound (GBP) firmed yesterday as it was bolstered by a cautiously optimistic market mood However, the … read more
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Pound buoyed by UK service sector momentum Daily Update
September 5 2024Pound (GBP) buoyed by upwardly revised services PMI The pound (GBP) traded with modest gains yesterday, with the release of the UK’s latest … read more
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Pound supported by easing of BoE rate cut bets Daily Update
September 4 2024Pound (GBP) supported by BoE rate speculation The pound (GBP) ticked higher against most of its peers through yesterday’s session, supported by … read more
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Pound underpinned by positive risk appetite Daily Update
September 3 2024Pound (GBP) supported by optimistic market mood The pound (GBP) traded with modest gains on Monday, as a broadly upbeat market mood helped to … read more
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US dollar rallies as consumer spending rises Daily Update
September 2 2024Pound (GBP) muted amid lack of data The pound (GBP) was mostly rangebound as last week’s session came to a close Amid the continued absence of … read more
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Euro slides on weaker-than-expected German inflation figures Daily Update
August 30 2024Pound (GBP) falters amid budget speculation The pound (GBP) trended broadly lower yesterday as investors turned their attention to UK Chancellor … read more