Daily Update
Daily updates on how key currencies are performing in the currency markets.
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US Dollar drops amid Fed rate cut bets Daily Update
February 21 2024Pound (GBP) whipsaws amid BoE rate cut bets The Pound (GBP) initially fell yesterday, briefly touching multi-week lows against some peers, as … read more
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Pound stumbles amid warning from former BoE policymaker Daily Update
February 20 2024Pound (GBP) slips amid BoE rate cut bets The Pound (GBP) softened yesterday following comments from former Bank of England (BoE) Chief Economist … read more
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US Dollar rallies on stronger-than-expected PPI figures Daily Update
February 19 2024Pound (GBP) struggles despite upbeat sales data The Pound (GBP) was muted at the end of last week, despite the UK’s latest retail sales data … read more
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Pound slides as UK suffers technical recession Daily Update
February 16 2024Pound (GBP) slips as UK enters recession The Pound (GBP) fell yesterday after the UK’s fourth-quarter GDP growth rate contracted more than … read more
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Pound tumbles after UK inflation falls short of expectations Daily Update
February 15 2024Pound (GBP) drops as UK inflation misses forecasts The Pound (GBP) fell sharply at the start of yesterday’s session, relinquishing Tuesday’s … read more
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Pound soars following strong jobs data Daily Update
February 14 2024Pound (GBP) rallies as markets pare back rate cut bets The Pound (GBP) leapt yesterday following stronger-than-forecast British jobs data The UK … read more
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Euro falls following dovish ECB comments Daily Update
February 13 2024Pound (GBP) subdued amid lack of data The Pound (GBP) struggled during yesterday’s session as a lack of UK economic data left the currency exposed … read more
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Pound wavers following mixed BoE comments Daily Update
February 12 2024Pound (GBP) wobbles on lukewarm BoE remarks The Pound (GBP) wavered at the end of last week’s session following mixed comments from Bank of … read more
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US Dollar rises amid risk-off mood Daily Update
February 9 2024Pound (GBP) muted despite hawkish BoE comments The Pound (GBP) was mixed on Thursday, rising against its riskier peers but struggling elsewhere amid … read more
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Pound rises as BoE policymaker pushes back on interest rate cuts Daily Update
February 8 2024Pound (GBP) firms amid BoE commentary The Pound (GBP) found some success yesterday following remarks from Bank of England (BoE) Deputy Governor … read more