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

The pound (GBP) weakened throughout Thursday’s European session after the UK’s latest services PMI missed forecasts. March’s finalised reading showed slower growth in the key services sector than ...

The pound (GBP) initially struggled for direction on Wednesday as it became clear that the UK had failed to secure an exemption from US President Donald Trump’s sweeping tariff plans. However, ...

The pound (GBP) remained rangebound during yesterday’s session, as a lull in UK economic releases offered little in the way of direction for the currency. GBP investors also appeared hesitant to place ...

The pound (GBP) weakened yesterday as it became apparent that the UK would not be exempt from the initial tariffs set to be announced by the US today. GBP investors had hoped that ongoing UK-US trade ...

The pound (GBP) enjoyed some success yesterday, with GBP primarily benefiting from depreciation in rival currencies. While increasingly hostile global trade policies are expected to hit the UK economy ...

Notable UK economic data is in short supply this week. This may leave the pound (GBP) to take its cues from wider market trends. If markets remain optimistic that the UK will weather US President ...

The pound (GBP) saw broad support at the end of last week, buoyed by encouraging domestic data. UK retail sales rose by 1% month-on-month in February. While this marked a slowdown from January’s 1.4% ...

The pound (GBP) faced notable selling pressure on Wednesday, initially falling after weaker-than-expected inflation data reinforced expectations for a Bank of England (BoE) rate cut in May. Sterling ...

Chancellor Rachel Reeves will unveil her Spring Statement on Wednesday, with expected spending cuts and downgraded growth forecasts potentially weighing on the pound (GBP). At the time of writing, GBP ...

The increasingly risk-sensitive pound (GBP) was mixed during yesterday’s session, as the cheery market mood saw it firm against safer peers while struggling against riskier rivals. Meanwhile, a larger ...

The pound (GBP) climbed higher yesterday as investors reacted positively to the UK’s latest PMI reports. Markets were particularly encouraged by a surprise jump in the services PMI, with activity in ...