Daily Update

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

• US Dollar Fluctuates following GDP Data Daily Update

  January 27 2023

  US Dollar (USD) Spikes following Strong GDP Growth The US Dollar (USD) initially strengthened yesterday after US GDP and durable goods orders both … read more

• Canadian Dollar Slumps as BoC Set to Pause Rate Hikes Daily Update

  January 26 2023

  Canadian Dollar (CAD) Slides following BoC Decision The Canadian Dollar (CAD) slumped yesterday after the Bank of Canada (BoC) interest rate … read more

• Pound Tumbles following Dismal Services PMI Daily Update

  January 25 2023

  Pound (GBP) Drops as Services PMI Misses Forecasts The Pound (GBP) slumped during yesterday’s session after the UK’s latest services PMI … read more

• Pound Slides amid Fresh Recession Fears Daily Update

  January 24 2023

  Pound (GBP) Drops as Recession Forecast Worries Investors The Pound (GBP) fell across the board yesterday after the EY Item Club – an influential … read more

• Pound Slips Following Shock UK Retail Sales Slump Daily Update

  January 23 2023

  Pound (GBP) Stumbles as UK Retail Slumps The Pound (GBP) weakened last Friday, following the release of December’s retail sales data which fell … read more

• US Dollar Drops as Market Sentiment Improves Daily Update

  January 20 2023

  US Dollar (USD) Wavers Lower amid Shifting Market Mood A risk-off mood saw the safe-haven US Dollar (USD) initially find some success yesterday An … read more

• Pound Climbs as UK Inflation Remains in Double Digits Daily Update

  January 19 2023

  Pound (GBP) Firms as UK CPI Boosts BoE Rate Hike Bets The Pound (GBP) strengthened across the board yesterday as the UK’s consumer price index … read more

• Pound Soars as Wage Growth Boosts BoE Rate Hike Bets Daily Update

  January 18 2023

  Pound (GBP) Rallies on BoE Rate Rise Expectations The Pound (GBP) surged higher yesterday after stronger-than-expected wage growth boosted Bank of … read more

• Pound Ticks Lower as Markets Trim BoE Rate Rise Bets Daily Update

  January 17 2023

  Pound (GBP) Stumbles amid Declining BoE Bets The Pound (GBP) softened yesterday as expectations of a more dovish approach from the Bank of England … read more

• Pound Recovers after Surprise GDP Growth Daily Update

  January 16 2023

  Pound (GBP) Firms as GDP Exceeds Forecasts The Pound (GBP) rose on Friday after the UK’s latest GDP report beat forecasts In November, the … read more