Daily Update

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

• Pound and Euro Rise amid European Optimism Daily Update

  October 5 2022

  Pound (GBP) Extends Rally as UK Markets Recover The recovery in the Pound (GBP) continued yesterday following Monday’s policy U-turn from … read more

• Pound Rallies Following UK Tax Cut U-Turn Daily Update

  October 4 2022

  Pound (GBP) Rallies amid Kwarteng U-turn The Pound (GBP) trended broadly higher at the start of this week Supported by Chancellor Kwasi Kwarteng’s … read more

• US Dollar Soars in Risk-Off Trade Daily Update

  October 3 2022

  US Dollar (USD) Strengthens in Risk-Off Trade The US Dollar (USD) rallied at the end of last week A jittery market mood saw investors favour the … read more

• Pound Surges Higher as BoE Intervention Calms Markets Daily Update

  September 30 2022

  Pound (GBP) Recovers as Bond Markets Stabilise The Pound (GBP) roared higher yesterday, recouping its post-budget losses against its weaker peers, … read more

• Pound Volatility Returns as BoE Intervenes in Bond Markets Daily Update

  September 29 2022

  Pound (GBP) Crisis Continues as BoE Tries to Stabilise Markets The Pound (GBP) faced renewed volatility yesterday, slumping around 15% against many … read more

• Markets Eerily Calm following Pound’s Collapse Daily Update

  September 28 2022

  Pound (GBP) Subdued as Money Markets Stabilise The Pound (GBP) was fairly muted yesterday as UK markets took a breather following the recent extreme … read more

• Pound Sterling in Crisis as Markets Reel from Tax Cut Shock Daily Update

  September 27 2022

  Pound Sterling (GBP) Touches Record Low against USD After slumping in overnight trade, hitting an all-time low against the US Dollar (USD), the … read more

• Pound Crashes as Mini-Budget Triggers Market Meltdown Daily Update

  September 26 2022

  Pound (GBP) Implodes following Kwarteng’s Mini-Budget The Pound (GBP) nosedived on Friday after the government’s mini-budget sent UK markets … read more

• Pound Volatile as BoE Surprises Markets with Half-Point Hike Daily Update

  September 23 2022

  Pound (GBP) Fluctuates as BoE Raises Interest Rates The Pound (GBP) initially strengthened yesterday as markets bet on GBP ahead of an expected … read more

• US Dollar Hits Fresh 20-Year High on Hawkish Fed Hike Daily Update

  September 22 2022

  US Dollar (USD) Climbs as Russia Fears Hit Markets The safe-haven US Dollar (USD) ticked higher yesterday as fears about an intensification in the … read more