Daily Update
Daily updates on how key currencies are performing in the currency markets.
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Pound Consolidates Gains as More BoE Rate Hikes Look Likely Daily Update
August 18 2023Pound (GBP) Firms amid BoE Bets The Pound (GBP) trended higher against most of its peers yesterday as Bank of England (BoE) interest rate … read more
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Pound Climbs as Sticky Core Inflation Boosts BoE Bets Daily Update
August 17 2023Pound (GBP) Buoyed by BoE Rate Hike Bets The Pound (GBP) marched higher during yesterday’s session after hotter-than-forecast UK inflation data … read more
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Red-Hot Wage Data Boosts Pound Daily Update
August 16 2023Pound (GBP) Boosted by Red-Hot Wage Growth Record-high average earnings data boosted the Pound (GBP) yesterday, as wages grew more than … read more
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US Dollar Buoyed by Risk-Averse Trade Daily Update
August 15 2023US Dollar (USD) Rises on Risk-Averse Trade The safe-haven US Dollar (USD) strengthened on Monday, amid a prevailing risk-off mood Anxieties … read more
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Pound Rallied amid Surprise Uptick in UK GDP Daily Update
August 14 2023Pound (GBP) Strengthens as UK GDP Surprises to the Upside The Pound (GBP) rose against most peers of Friday as GBP investors welcomed the UK’s … read more
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US Dollar Rebounds from Post-CPI Volatility Daily Update
August 11 2023US Dollar (USD) Recovers from Cooler-Than-Expected Inflation The US Dollar (USD) traded in a wide range yesterday USD exchange rates initially … read more
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Pound Weakens as UK Faces Five Years of Lost Growth Daily Update
August 10 2023Pound (GBP) Undermined by Growth Warning The Pound (GBP) stumbled on Wednesday in response to bleak UK economics forecast from the National … read more
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US Dollar Soars in Risk-Adverse Trade Australian Dollar (AUD) Daily Update Euro (EUR) Pound Sterling (GBP) US Dollar (USD)
August 9 2023US Dollar (USD) Catapulted Higher by Safe-Haven Flows Safe-haven flows propelled the US Dollar (USD) higher on Tuesday, as a sour market mood … read more
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Pound Underpinned by BoE Hike Bets Daily Update Euro (EUR) Pound Sterling (GBP) US Dollar (USD)
August 8 2023Pound (GBP) Supported by BoE Hike Bets Bets on further tightening from the Bank of England (BoE) pushed the Pound (GBP) up against some of its peers … read more
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US Dollar Tumbles on Disappointing Payroll Release Daily Update Euro (EUR) Pound Sterling (GBP) US Dollar (USD)
August 7 2023US Dollar (USD) Stumbles as NFP Data Misses Forecasts Following the release of the latest non farm payrolls data, the US Dollar (USD) fell sharply … read more