Daily Update
Daily updates on how key currencies are performing in the currency markets.
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US Dollar Skyrockets as Jobs Data Smashes Forecasts Daily Update
August 8 2022US Dollar (USD) Soars on Strong Employment Data The US Dollar (USD) surged higher at the end of last week following strong jobs data July’s … read more
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Pound Slumps as BoE Predicts UK Recession Daily Update
August 5 2022Pound (GBP) Plunges as UK Set for Recession After rising in the morning, the Pound (GBP) slumped yesterday afternoon following the Bank of … read more
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US Dollar Surges Higher following Strong Services PMI Daily Update
August 4 2022Pound (GBP) Stumbles amid Economic Warnings The Pound (GBP) fluctuated lower yesterday as UK economic worries offset expectations of a 50-bp rate … read more
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US Dollar Rallies as China Tensions Rattle Markets Daily Update
August 3 2022Pound (GBP) Muted in Absence of Data The Pound (GBP) was mixed yesterday as a lack of UK economic data and hesitancy ahead of the Bank of England … read more
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Pound Climbs on Expectations of a 0.5% BoE Rate Rise Daily Update
August 2 2022Pound (GBP) Firms as Traders Expect 50-bp Rate Rise The Pound (GBP) strengthened against many of its peers yesterday as Bank of England (BoE) rate … read more
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US Dollar Rallies on Stronger-than-Expected PCE Price Index Daily Update
August 1 2022Pound (GBP) Dented by Rising Consumer Credit The Pound (GBP) weakened on Friday as the latest Bank of England (BoE) consumer credit report revealed … read more
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US Dollar Recovery Curtailed as US Slips Into a Technical Recession Daily Update
July 29 2022Pound (GBP) Muted amid Political Uncertainty The Pound (GBP) was trapped in a narrow range on Thursday as ongoing political uncertainty weighed on … read more
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US Dollar in Freefall as Fed Rate Hike Undermined by Cautious Messaging Daily Update
July 28 2022Pound (GBP) Wavers as Strike Concerns Offset BoE Rate Hike Bets The Pound (GBP) traded without a clear direction bias yesterday Sterling … read more
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Euro Slumps amid Gas Shortage Fears Daily Update
July 27 2022Pound (GBP) Subdued as Retail Sales Volumes Drop The Pound (GBP) ticked lower during yesterday’s session after the release of the Confederation of … read more
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GBP/USD climbs to three-week high on BoE rate hike bets Daily Update
July 26 2022Pound (GBP) Buoyed by BoE Rate Hike Bets The Pound (GBP) firmed on Monday Speculation regarding a 50bps interest rate hike from the Bank of England … read more