Daily Update

Daily updates on how key currencies are performing in the currency markets.

• Pound Volatile as Bumper BoE Rate Hike Fuels Recession Fears Daily Update

  June 23 2023

  Pound (GBP) Fluctuates following BoE Decision A 50bps interest rate rise from the Bank of England (BoE) rocked the Pound (GBP) yesterday, as … read more

• Recession Anxiety Hits the Pound Ahead of BoE Decision Daily Update

  June 22 2023

  Pound (GBP) Tumbles amid Rate Hike Recession Fears The Pound (GBP) saw notable volatility yesterday, spiking then slumping after the UK’s consumer … read more

• US Dollar Rises amid Souring Market Mood Daily Update

  June 21 2023

  US Dollar (USD) Firms as Market Mood Sours The US Dollar (USD) gained ground yesterday as a worsening market mood saw investors favour the … read more

• GBP/EUR Strikes Nine-Month High in Run-Up to BoE Rate Decision Daily Update

  June 20 2023

  Pound (GBP) Retains Strength Ahead of BoE Rate Decision The Pound (GBP) remained well supported at the start of this week as GBP investors braced … read more

• Pound Ends the Week Strong Ahead of BoE Decision Daily Update

  June 19 2023

  Pound (GBP) Consolidates Gains in Anticipation of BoE Hike The Pound (GBP) ended the week on a positive note as hawkish Bank of England (BoE) rate … read more

• Euro Rallies on ECB’s Hawkish Hike Daily Update

  June 16 2023

  Euro (EUR) Jumps following ECB Rate Hike The Euro (EUR) strengthened yesterday after a hawkish hike from the European Central Bank (ECB) The ECB … read more

• US Dollar Rebounds as Fed Leaves Rates Unchanged but Signals More Hikes to Come Daily Update

  June 15 2023

  US Dollar (USD) Claws Back Losses on Hawkish Pause The US Dollar (USD) initially slumped yesterday, hitting a one-year low against the Pound (GBP), … read more

• Hotter-Than-Expected Wage Growth Boosts Pound Australian Dollar (AUD) Daily Update Euro (EUR) Pound Sterling (GBP) US Dollar (USD)

  June 14 2023

  Pound (GBP) Strengthens amid Red Hot Labour Data Amid a bevy of better-than-expected labour data, the Pound (GBP) strengthened against most major … read more

• Pound Undermined by Profit Taking Australian Dollar (AUD) Daily Update Euro (EUR) Pound Sterling (GBP) US Dollar (USD)

  June 13 2023

  Pound (GBP) Slides as Investors Cash In Monthly Highs Profit-taking struck the Pound (GBP) yesterday, causing Sterling to fall from monthly highs … read more

• Pound Rises, Euro and US Dollar Fall amid Central Bank Bets Daily Update

  June 12 2023

  Pound (GBP) Gains amid BoE Speculation The Pound (GBP) firmed through Friday’s trading session as expectations of more interest rate rises from … read more