Daily Update

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

• US Dollar Tumbles as Fed Considers Slower Rate Rises Daily Update

  October 24 2022

  US Dollar (USD) Slides as Fed Prepares to Slow Rate Hikes After initially strengthening, the US Dollar (USD) slumped during Friday’s session as … read more

• Pound Volatile as Liz Truss Resigns Daily Update

  October 21 2022

  Pound (GBP) Spikes amid Fleeting Hopes of Stability The Pound (GBP) fluctuated yesterday Late in the morning, comments from Bank of England (BoE) … read more

• Pound Stumbles as UK CPI Stokes Cost-of-Living Concerns Daily Update

  October 20 2022

  Pound (GBP) Dented as High Inflation Spooks Investors The Pound (GBP) slipped yesterday after UK inflation exceeded forecasts, rising from 99% back … read more

• 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