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

The pound (GBP) initially weakened yesterday before regaining ground in the afternoon. Some dip-buying seemed to support Sterling after GBP struck multi-day lows against many of its peers. This ...

The pound (GBP) weakened throughout yesterday’s session as investors continued to price in further interest rate cuts from the Bank of England (BoE) this year. However, Sterling showed resilience ...

The pound (GBP) edged higher at the end of last week after Bank of England (BoE) Chief Economist Huw Pill struck a hawkish tone in his latest comments. Pill’s suggestion that the BoE isn’t ready to ...

This week sees the publication of the UK’s latest GDP figures, which could pull the pound (GBP) lower if they reveal that economic growth stalled or even contracted in the last quarter of 2024.

The pound (GBP) strengthened at the close of last week’s session after the UK’s services PMI exceeded forecasts in December. Sterling investors also took note of mounting inflationary pressures within ...

The pound (GBP) opened the week on solid footing, buoyed by optimism surrounding the UK government’s plans to stimulate growth through changes to planning regulations. This came despite a pessimistic ...

The pound (GBP) ended last week on the back foot as underwhelming UK retail sales figures added to concerns about the UK’s economic prospects. Data for December showed retail sales growth contracted ...

The pound (GBP) struggled for direction on Tuesday as investors held off on making any major moves ahead of the Bank of England’s (BoE) interest rate decision on Thursday. While a 25 basis point rate ...

The pound (GBP) traded mostly sideways yesterday as a lack of notable UK economic data left Sterling without a clear directional bias. GBP investors shrugged off some gloomy data from the ...

This week will see the publication of the UK’s latest jobs report. The pound (GBP) may come under pressure if November’s employment and wage growth figures both fall short of expectations. The release ...

Get the latest insights into how economic and political developments are impacting the forex market.