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Daily Currency Reports
Keep up-to-date with the currency markets
Sterling slides as two BoE members vote for a cut in rates
8th November 2019
Against the grain, Sterling was on the backfoot on Thursday as the Bank of England (BoE) held interest rates at 0.75% following the latest policy meeting.
Conservative lead narrows ahead of BoE meeting
7th November 2019
Sterling continues to tread water as both the Conservative and Labour election campaigns got off to a rocky start.
Sterling data improves as election season begins
6th November 2019
Sterling received a bit of a lift yesterday after the UK PMI services index strengthened slightly to 50.0; slightly above consensus forecasts.
General election déjà vu
5th November 2019
Sterling buyers & sellers are watching to see how currency reacts to numerous election scenarios, understand current events affecting the forex market.
UK construction data shows sixth consecutive month of contraction
5th November 2019
The main focus in UK Parliament was the search for a replacement speaker for the House of Commons after John Bercow stepped down last week.
Conservative lead narrows as Johnson rejects Brexit Party alliance
4th November 2019
UK Manufacturing PMI reading at 49.6 in October is better than expected but still below the marker separating expansion from contraction.
Sterling pushes higher on opinion polls before Trump drops trade concerns
1st November 2019
Sterling nudged higher yesterday but failed to test the key psychological levels on GBP/USD.
FOMC cut interest rates
31st October 2019
Overnight the highly anticipated FOMC meeting concluded and as expected the Federal Reserve cut interest rates for the third consecutive time this year.
PM Johnson gets his general election
30th October 2019
Yesterday evening the House of Commons voted for a 12th Dec 2019 general election at the fourth time of asking.
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