Daily Update
Daily updates on how key currencies are performing in the currency markets.
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Pound Rallies as Northern Ireland Deal Struck Daily Update
February 28 2023Pound (GBP) Rallies as Sunak Seals Northern Ireland Deal The Pound (GBP) rallied yesterday, as PM Rishi Sunak managed to close a deal on the … read more
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US Dollar Soars as American Inflation Rises Daily Update
February 27 2023US Dollar (USD) Soars amid Risk-Negative Trade and Fed Bets Risk aversion worked in the safe-haven US Dollar’s (USD) favour on Friday, with the … read more
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US Dollar Marches Higher following Hawkish Fed Minutes Daily Update
February 24 2023US Dollar (USD) Firms on Fed Rate Hike Bets The US Dollar (USD) strengthened yesterday, as tailwinds from the Federal Reserve’s hawkish meeting … read more
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US Dollar Rises amid Risk-Off Mood and Rate Hike Bets Daily Update
February 23 2023US Dollar (USD) Firms as Market Mood Sours The US Dollar (USD) wavered higher yesterday as a downbeat market mood prompted gains for the … read more
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Pound Soars amid Rebound in UK Services Sector Daily Update
February 22 2023Pound (GBP) Jumps as UK PMIs Beat Forecasts The Pound (GBP) surged higher yesterday as an unexpected recovery in UK private sector activity cheered … read more
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Pound Drops as NI Protocol Deal ‘Not Resolved’ Daily Update
February 21 2023Pound (GBP) Drops as Brexit Optimism Falters The Pound (GBP) fell yesterday as hopes of an imminent resolution to the Northern Ireland Protocol … read more
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Pound Bolstered by Brexit Optimism Daily Update
February 20 2023Pound (GBP) Rebounds on Northern Ireland Hopes After initially falling, the Pound (GBP) rebounded last Friday amid signs that a key Brexit issue may … read more
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US Dollar Strengthens on Sharp Rise in PPI Daily Update
February 17 2023Pound (GBP) Undermined by Rate Hike Pause Expectations Amid thin data releases, the Pound (GBP) came under pressure amid speculation that the Bank … read more
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Pound Crashes as Inflation Cools Below Forecasts Daily Update
February 16 2023Pound (GBP) Sinks as CPI Cools Below Forecasts The Pound (GBP) plunged yesterday following the release of January’s CPI data, which printed below … read more
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Pound Strengthens as UK Labour Market Remains Tight Daily Update
February 15 2023Pound (GBP) Rallies on Renewed Rate Hike Bets The latest employment data sent the Pound (GBP) on a rally yesterday, as the UK’s labour market … read more