Daily Forex Commentary

16 January 2018 - GBP a touch weaker ahead of CPI data and on fresh Brexit news. USD steadies after Monday’s sharp drop.

By Nick Parsons
It’s quite unusual to begin a commentary on the GBP by noting that it is lower than last night’s closing levels. read more

15 January 2018 - GBP and EUR steady after last week’s surge.

By Nick Parsons
The Pound starts the week after an enormous swing from Thursday’s low to Friday’s close and one of the biggest daily rallies in recent memory. read more

12 January 2018 - EUR extends gains against GBP after ECB shock. USD steady at lower levels ahead of CPI figures today.

By Nick Parsons
The GBP had a classic day of two halves on Thursday; weak in the morning after the publication of the BoE Credit Conditions Survey (see below) but then rallying hard against the USD – but not the AUD, NZD or EUR - during the London afternoon. read more

11 January 2018 - US recovers all its losses after China calls bond buying story “fake news”. GBP is weakest of the major currencies

By Nick Parsons
The GBP was notably weak early on Wednesday, hitting a fresh 2018 low of USD1.3486 before jumping more than half a cent on the Chinese comments about buying US bonds (see US Dollar). read more

10 January 2018 - GBP awaits economic data and Brexit progress. USD supported by higher yields but will stock market suffer?

By Nick Parsons
The pound generally struggled on Tuesday and ended the day the second-weakest of the major currencies after the euro. Overnight in Asia it is bottom of the pile; down against all the currencies we track here. read more

09 January 2018 - USD hits best level of the New Year. EUR weighed by German politics, GBP calm after govt reshuffle.

By Nick Parsons
After a mixed week in which it raced up to a high of USD1.3608, then came back down equally rapidly to 1.3500 before finishing on Friday evening at USD1.3565, the GBP had another up and down day on Monday. read more

08 January 2018 - GBP lower ahead of Cabinet reshuffle. AUD hit by lower iron ore forecasts. USD edges higher but NZD is top performer so far.

By Nick Parsons
The British Pound had a mixed week and finished just above the mid-point of its range against the US Dollar. read more

05 January 2018 - USD holding just above recent lows ahead of US employment report. GBP awaits car registration numbers after EUR/USD hits fresh 3-year high

By Nick Parsons
After a very strong start to the New Year, the GBP has been spinning its wheels as it tries to gain traction. read more

04 January 2018 - FOMC Minutes help support USD. Solid China PMI push AUD and NZD higher. GBP and EUR mixed ahead of economic data.

By Nick Parsons
The latest UK PMI construction numbers were certainly disappointing, and the year finished in a downbeat fashion. read more

03 January 2018 - GBP/USD hits highest level since the day after the EU referendum in June 2016. USD still struggling around 14-week lows.

By Nick Parsons
The pound got off to a very good start to the New Year 2018 yesterday, second only to the buoyant Canadian Dollar on the one-day performance table. read more

02 January 2018 - US Dollar at a 14-week low. GBP and EUR to take their early 2018 cues from today’s manufacturing PMI data

By Nick Parsons
The British Pound had a good week against a very soft US Dollar but was otherwise pretty mixed and overnight it has continued in the same vein. read more

29 December 2017 - US Dollar at a fresh 3-month low; on track to lose almost 9% in 2017. GBP and EUR end the year with positive momentum.

By Nick Parsons
Like its cricketers, the British Pound had a much better day than might have been expected on Thursday, lagging behind the EUR and CAD but gaining against all the various dollars. read more

28 December 2017 - US Dollar falls to a 3-month low. AUD and NZD at best levels in over 2 months. GBP slips on all its major crosses.

By Nick Parsons
Thursday 28 December British Pound (GBP) The GBP had a day of two halves on Wednesday in the Northern Hemisphere. In London trading, the po... read more

27 December 2017 - USD falls to a 3-week low. AUD and NZD at best levels in over 2 months. GBP little changed after Christmas holidays

By Nick Parsons
Foreign exchange markets were open on Christmas Day in Asia and on Boxing Day in North America too. Having closed last week around USD1.3365, the British Pound initially fell to the low 1.3350’s at the start of Tuesday’s New York session before rallying u read more

21 December 2017 - GBP lower on more UK government woes. NZD jumps as Q3 GDP beats expectations. EUR awaits Catalonia elections.

By Nick Parsons
Short as the daylight is today, it may still feel like a long day in foreign exchange markets as currencies struggle to gain much traction in either direction. read more

20 December 2017 - Quiet overnight markets see currencies in familiar ranges. US passes tax reform bill, Australian statisticians have some festive fun

By Nick Parsons
The pound opens in London this morning within 10 pips of where it was 24 hours ago against the US Dollar. read more

19 December 2017 - GBP steady though EU rules out any post-Brexit deal for financial services. USD slips further as EUR reaches for USD1.18

By Nick Parsons
The British Pound had a good start to this pre-Christmas week. It opened in Sydney on Monday morning at 1.3320 and by mid-afternoon London time had reached a best level of 1.3415. read more

14 December 2017 - USD falls sharply after FOMC. GBP mixed after last night’s Govt defeat. BoE and ECB meetings at lunchtime today.

By Nick Parsons
As Wednesday drew to a close, a quick look at the GBP/USD exchange rate would suggest it had been a good day for the British Pound. read more

Register Free

For international money transfers at better rates than the banks, register now with Travelex International Payments

Already registered? Login

Get free rate alerts

Choose currency pair and enter the exchange rate. An alert will be triggered when the exchange rate is reached and an email will be sent to you. You can unsubscribe any time and your email address is safe – see our Privacy Policy.
NOTE: These rates are for informational purposes only

Go Mobile

Convert currencies on the go and stay up to date with our mobile site. Read more

The Travelex International Payments service is provided by UKForex Limited [CN: 04631395] (“UKForex”).

UKForex is regulated by Financial Conduct Authority (FRN: 521566) for the provision of payment services.

Click here to see the full disclaimer.

Change cookie settings