Daily Update
Daily updates on how key currencies are performing in the currency markets.
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US Dollar Jumps as Data Exceeds Forecasts Daily Update
November 2 2022US Dollar (USD) Rises amid Renewed Rate Rise Bets The US Dollar (USD) jumped yesterday afternoon as stronger-than-expected US data boosted … read more
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US Dollar Firms as Markets Reposition for Fed Decision Daily Update
November 1 2022US Dollar (USD) Firms ahead of Fed Decision The US Dollar (USD) strengthened yesterday, regaining some of last week’s losses, as USD bets picked … read more
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Pound Ends Week on a High amid Ongoing UK Optimism Daily Update
October 31 2022Pound (GBP) Jumps as Optimism Prevails After initially softening, the Pound (GBP) surged higher on Friday, without a clear catalyst for the … read more
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Euro Plunges following ECB Decision Daily Update
October 28 2022Euro (EUR) Tumbles on ECB Dovish Hike The Euro (EUR) slumped yesterday after the European Central Bank’s (ECB) interest rate decision disappointed … read more
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Pound Rally Gathers Pace as UK Markets Stabilise Daily Update
October 27 2022Pound (GBP) Rises as Sunak-Inspired Optimism Continues The Pound (GBP) continued its rally yesterday as markets remain upbeat about Rishi Sunak’s … read more
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Pound Surges as Sunak Reshuffles Cabinet Daily Update
October 26 2022Pound (GBP) Soars on Political Optimism The Pound (GBP) roared higher yesterday as markets grew increasingly hopeful that Rishi Sunak, the new UK … read more
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Pound and US Dollar Undermined by Poor PMI Results Daily Update
October 25 2022Pound (GBP) Declines despite Sunak Victory The Pound (GBP) was mixed during Monday’s trade, initially finding some success as it looked … read more
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US Dollar Tumbles as Fed Considers Slower Rate Rises Daily Update
October 24 2022US Dollar (USD) Slides as Fed Prepares to Slow Rate Hikes After initially strengthening, the US Dollar (USD) slumped during Friday’s session as … read more
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Pound Volatile as Liz Truss Resigns Daily Update
October 21 2022Pound (GBP) Spikes amid Fleeting Hopes of Stability The Pound (GBP) fluctuated yesterday Late in the morning, comments from Bank of England (BoE) … read more
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Pound Stumbles as UK CPI Stokes Cost-of-Living Concerns Daily Update
October 20 2022Pound (GBP) Dented as High Inflation Spooks Investors The Pound (GBP) slipped yesterday after UK inflation exceeded forecasts, rising from 99% back … read more