Daily Update

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

• US Dollar Rises ahead of Fed Decision Daily Update

  September 21 2022

  US Dollar (USD) Firms ahead of Fed Decision The US Dollar (USD) strengthened yesterday as rising US Treasury yields and expectations of a hawkish … read more

• Pound Sterling Slides as Huge Fall in Sales Stokes Recession Fears Daily Update

  September 20 2022

  Pound (GBP) Drops as UK Sales Contract Pound Sterling (GBP) sank during Friday’s session after UK retail sales contracted far more than forecast … read more

• Euro Rallies on Hawkish ECB Comments Daily Update

  September 16 2022

  Euro (EUR) Rallies on ECB Comments The Euro (EUR) trended broadly higher on Thursday Supported by some hawkish comments from European Central Bank … read more

• Pound (GBP) Strengthens following UK CPI Daily Update

  September 15 2022

  Pound (GBP) Rallies as Inflation Impresses The Pound (GBP) marched higher yesterday following the UK’s consumer price index release for … read more

• US Dollar Soars after American Inflation Exceeds Forecasts Daily Update

  September 14 2022

  US Dollar (USD) Jumps following Hot Inflation Reading The US Dollar (USD) surged higher yesterday following America’s hotter-than-expected CPI … read more

• Pound Rises and US Dollar Drops as Markets Hopeful ahead of US CPI Daily Update

  September 13 2022

  Pound (GBP) Rises as Markets Rally The Pound (GBP) ticked higher yesterday, despite UK GDP in July printing at 02% rather than the forecast … read more

• Pound Muted as UK Enters Period of National Mourning Daily Update

  September 12 2022

  Pound (GBP) Mixed following Volatile Week for UK The Pound (GBP) traded without a clear direction on Friday as markets continued to digest the … read more

• Government’s Energy Bill Bailout Fails to Support the Pound Daily Update

  September 9 2022

  Pound (GBP) Spikes and Slumps amid Energy Support Announcement The Pound (GBP) spiked yesterday as Prime Minister Liz Truss announced the … read more

• Pound Stumbles as Markets Pare Back BoE Rate Rise Bets Daily Update

  September 8 2022

  Pound (GBP) Slides following Cautious BoE Comments The Pound (GBP) initially made gains yesterday morning However, Sterling fell sharply as markets … read more

• Pound Volatile as Markets React to Truss Policy Predictions Daily Update

  September 7 2022

  Pound (GBP) Fluctuates amid Reports of Spending Plan The Pound (GBP) experienced some volatility yesterday, initially gaining some ground as … read more