Daily Update

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

• Pound Falters amid Instability Fears Daily Update

  October 19 2022

  Pound (GBP) Falls amid Political and Economic Woes The Pound (GBP) retreated yesterday as the afterglow of the government’s tax-cut U-turn faded … read more

• Pound Roars Higher as Hunt Scraps Mini-Budget Daily Update

  October 18 2022

  Pound (GBP) Skyrockets as Government Abandons Tax Cuts The Pound (GBP) surged higher yesterday as the new Chancellor of the Exchequer, Jeremy Hunt, … read more

• Pound Pares Gains as Truss Sacks Kwarteng Daily Update

  October 17 2022

  Pound (GBP) Slips amid Political Turmoil The Pound (GBP) pared its gains at the end of the week after Prime Minister Liz Truss sacked Chancellor … read more

• Pound Skyrockets amid Rumours of Fresh Tax-Cut Climbdown Daily Update

  October 14 2022

  Pound (GBP) Soars as Markets Rally on U-Turn Rumours The Pound (GBP) surged higher yesterday, climbing over 2% against some of its peers, amid … read more

• Pound Volatile amid BoE Bond Scheme Speculation Daily Update

  October 13 2022

  Pound (GBP) Rebounds amid BoE Rumours The Pound (GBP) managed to recover a good portion of Tuesday night’s losses yesterday amid rumours that the … read more

• Pound Ticks Higher as BoE Widens Bond Scheme Daily Update

  October 12 2022

  Pound (GBP) Buoyed by BoE Intervention The Pound (GBP) found some support yesterday, wavering higher against its weaker peers, as the Bank of … read more

• US Dollar Climbs and Euro Slips amid Russia-Ukraine Escalation Daily Update

  October 11 2022

  Euro (EUR) Pressured as Russia Strikes Kyiv The Euro (EUR) also saw some volatility yesterday, heading lower through the European trading session … read more

• US Dollar Climbs following Strong Jobs Report Daily Update

  October 10 2022

  US Dollar (USD) Rises on Rate Hike Bets The US Dollar (USD) firmed on Friday as the latest US employment data exceeded forecasts, showing that the … read more

• Pound Extends Losing Streak as Economic Concerns Persist Daily Update

  October 7 2022

  Pound (GBP) Slides following Credit Outlook Downgrade The Pound (GBP) took a tumble yesterday as markets responded to the latest downgrading of the … read more

• Pound Rally Falters as Bond Yields Rise Again Daily Update

  October 6 2022

  Pound (GBP) Slips as Bonds Face Fresh Selling Pressure The Pound (GBP) stumbled yesterday as an uptick in UK government bond yields unnerved GBP … read more