Daily updates on how key currencies are performing in the currency markets.
The pound (GBP) was largely directionless on Tuesday, as a lack of UK economic data left investors without a clear catalyst. That said, the risk-sensitive currency avoided heavier losses thanks to a ...
Both the Federal Reserve and the Bank of England (BoE) meet to set monetary policy this week, with the central banks’ forward guidance potentially infusing volatility into currency markets. At the ...
The pound (GBP) fell sharply on Thursday after the Bank of England (BoE) delivered a 25 basis point interest rate cut. Although the move was widely expected, Sterling weakened as investors were ...
The pound (GBP) remained directionless on Wednesday, with the absence of any notable UK economic releases leaving Sterling adrift. Traders instead focused on earlier commentary from Bank of England ...
As expected, the BoE opted to keep rates unchanged, though Sterling came under pressure after Governor Andrew Bailey signalled the bank is not finished with its current rate-cutting cycle. This ...
The pound (GBP) rose against its weaker rivals on Friday, with GBP brushing off comments from Bank of England (BoE) policymaker Swati Dhingra. In an interview with Bloomberg, Dhingra advocated cutting ...
The pound (GBP) weakened at the start of this week, despite confirmation that the UK economy was the fastest-growing economy in the G7 in the first quarter. Sterling was knocked by accompanying ...
The pound (GBP) ended last week on a softer note, amid some modest profit-taking. This came after Thursday’s surge in Sterling, triggered by a closer-than-anticipated Bank of England (BoE) vote to cut ...
The pound (GBP) traded sideways yesterday in the absence of any notable UK economic data. GBP investors were also reluctant to alter their positions in the currency ahead of some high-impact releases ...
The increasingly risk-sensitive pound (GBP) managed to rise against some of its weaker, safer peers yesterday as the market mood turned positive. However, a lack of fresh data and Wednesday’s gloomy ...
UK Prime Minister Kier Starmer’s meeting with US President Donald Trump will be closely watched by GBP investors this week. A positive rapport between the two may be supportive of the pound (GBP) in ...