Daily Update
Daily updates on how key currencies are performing in the currency markets.
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US Dollar Slides despite Strong Jobs Report Daily Update
November 7 2022US Dollar (USD) Drops as Traders Trim Fed Rate Rise Bets The US Dollar (USD) slumped during Friday’s trade after a decline in year-on-year wage … read more
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Pound Plummets as BoE Predicts Two-Year Recession Daily Update
November 4 2022Pound (GBP) Tanks as BoE Says UK in Recession The Pound (GBP) slumped yesterday as the Bank of England (BoE) delivered a jumbo interest rate rise of … read more
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US Dollar Zigzags Higher as Fed Signals Further Rate Rises Daily Update
November 3 2022US Dollar (USD) Jumps as Fed Hints at More Rate Hikes After initially softening, the US Dollar (USD) managed to recoup some losses yesterday … read more
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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