Daily Update
Daily updates on how key currencies are performing in the currency markets.
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Pound stumbles as UK service sector activity slows Daily Update
April 5 2024Pound (GBP) weakens as services PMI misses forecasts The pound (GBP) stumbled during yesterday’s session after the UK’s final services PMI was … read more
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US dollar slumps as services PMI misses forecasts Daily Update
April 4 2024Pound (GBP) softens in absence of data The pound (GBP) struggled yesterday, slipping against its stronger rivals, as a lack of UK economic data left … read more
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US dollar drops from multi-month highs amid profit-taking Daily Update
April 3 2024Pound (GBP) enjoys expansion in UK factory activity The pound (GBP) enjoyed some support yesterday after the UK’s final manufacturing PMI was … read more
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US dollar leaps following strong manufacturing PMI Daily Update
April 2 2024Pound (GBP) firms despite UK GDP contraction The pound (GBP) found success on Thursday, despite the UK’s final GDP figures for the fourth quarter … read more
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Euro softens amid ECB rate cut bets Daily Update
March 28 2024Pound (GBP) subdued in absence of data The pound (GBP) remained stuck in a narrow range yesterday amid an ongoing lack of UK economic data A … read more
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US dollar regains ground following positive data Daily Update
March 27 2024Pound (GBP) subdued despite rate cut pushback The pound (GBP) struggled to attract support yesterday as a lack of UK economic data left the currency … read more
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Pound firms amid rebound in UK retail sales volumes Daily Update
March 26 2024Pound (GBP) buoyed as UK retail activity recovers The pound (GBP) traded with modest gains on Monday, in response to the Confederation of British … read more
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Pound weakened by BoE Bailey comments Daily Update
March 25 2024Pound (GBP) knocked by BoE Bailey comments The Pound (GBP) retreated at the end of last week in response to comments from Bank of England (BoE) … read more
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Pound plunges following BoE decision Daily Update
March 22 2024Pound (GBP) slides as BoE hawks abandon rate hikes The pound (GBP) slumped yesterday after markets read the Bank of England’s (BoE) latest … read more
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US Dollar nosedives following Fed decision Daily Update
March 21 2024Pound (GBP) pressured by falling UK inflation The Pound (GBP) faced pressure yesterday after UK inflation cooled more than forecast, prompting bets … read more