Daily Update
Daily updates on how key currencies are performing in the currency markets.
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Pound muted as Labour’s local election losses mount Daily Update
May 8 2026Pound (GBP) subdued amid UK local elections The pound (GBP) struggled to gain any notable traction yesterday, as investors remained cautious while … read more
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UK local elections to pressure the pound today? Daily Update
May 7 2026Pound (GBP) mixed amid stronger PMI The pound (GBP) lacked a clear direction yesterday, with competing drivers leaving Sterling to trade across a … read more
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US dollar stumbles amid US-Iran peace hopes Daily Update
May 6 2026Pound (GBP) finds support against safer peers The increasingly risk-sensitive pound (GBP) edged higher against several of its safer … read more
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US dollar jumps as Middle East tensions flare Daily Update
May 5 2026Pound (GBP) supported by BoE Pill comments The pound (GBP) ended last week on a firmer footing, following comments from Huw Pill, Chief Economist at … read more
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Pound climbs as BoE confirms rate hikes may be necessary Daily Update
May 1 2026Pound (GBP) strengthens after BoE rate announcement The pound (GBP) rallied yesterday following the Bank of England's (BoE) latest policy … read more
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BoE and ECB decisions in the spotlight today Daily Update
April 30 2026Pound (GBP) muted as borrowing costs edge higher The pound (GBP) found it difficult to gain traction against stronger currencies yesterday as UK … read more
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Pound slips as political jitters hit UK bond market Daily Update
April 29 2026Pound (GBP) pressured by persistent political uncertainty The pound (GBP) came under pressure yesterday as concerns surrounding the Peter Mandelson … read more
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US dollar fluctuates as Middle East uncertainty dominates markets Daily Update
April 28 2026Pound (GBP) subdued amid weak retail outlook The pound (GBP) struggled to gain traction yesterday after figures pointed to a deterioration in UK … read more
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US dollar slides as Iran proposes offer to reopen the Strait of Hormuz Daily Update
April 27 2026Pound (GBP) subdued despite strong retail sales rebound The pound (GBP) traded without clear direction at the end of last week as investors digested … read more
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Euro falters as Eurozone private sector suffers worst decline since 2024 Daily Update
April 24 2026Pound (GBP) supported by strong PMI readings The pound (GBP) advanced against most of its peers during yesterday’s session after the UK’s latest … read more