Daily FX Commentary

02 September 2015 - GBP/USD opens lower as stock market volatility continues

By Alex Edwards
United States Dollar: It was a “risk off” session again yesterday as weaker than expected Chinese manufacturing data was followed up by soft US ISM Manufacturing PMI ... read more

01 September 2015 - Risk off again as Chinese data points to further slowdown

By Alex Edwards
United States Dollar: It was a bank holiday in the UK yesterday and although trading conditions were a bit thinner it didn’t mean that markets were any less volatile. US s... read more

28 August 2015 - Dollar bounces as US GDP revised up

By Jake Trask
United States Dollar: Those hoping for a September rate hike from the Fed got a fillip yesterday as the second estimate of Q2 US GDP was revised upwards from 2.3% to 3.7%. The im... read more

27 August 2015 - Chinese stocks recover and dollar rallies

By Alex Edwards
United States Dollar: The dollar strengthened yesterday as US equity markets recovered and expectations for a September Fed rate hike were pushed back. According to the Fed&rsqu... read more

26 August 2015 - Chinese rate cuts and possible delay to Fed lift-off fuels volatility

By Alex Edwards
United States Dollar: Unsurprisingly, it was another volatile day yesterday. The People’s Bank of China cut interest rates by 0.25% and relaxed the reserve requirement rat... read more

25 August 2015 - Wild swings in rates as panic sets in over China and global growth prospects

By Alex Edwards
United States Dollar: It was a wild day in financial markets yesterday. Stemming from fears over China’s growth prospects, traders turned risk averse and sought out less r... read more

24 August 2015 - Risk sold as China concerns deepen

By Alex Edwards
United States Dollar: There was another rout in Chinese stocks overnight as investors and traders fretted over China’s economic growth prospects. The Shanghai Composite fi... read more

21 August 2015 - Dollar slumps as investors push back expectations for Fed liftoff

By Alex Edwards
United States Dollar: UK retail sales data printed weaker than expected on Thursday morning and the reaction in GBP/USD was in contrast to the positive reaction we saw following ... read more

20 August 2015 - USD weaker following dovish FOMC Minutes

By James Mills
United States Dollar: With no data releases from the UK yesterday, it was up to news from the US to affect Sterling dollar. The morning session therefore was relevantly quiet and t... read more

19 August 2015 - Strong UK CPI numbers sends Sterling higher

By James Mills
United States Dollar: GBP/USD – The pound gained heavily yesterday as better than expected inflation data, for July, increased speculation of a UK increase interest rate rise... read more

18 August 2015 - Focus on today’s UK inflation numbers

By James Mills
United States Dollar: GBP/USD – Sterling remained well supported during the early part of yesterday’s sessions, with the pair trading above the 1.5650 mark. Roughly aro... read more

17 August 2015 - Sterling starts the week on the front foot

By James Mills
United States Dollar: The end of last week saw a choppy spell for GBP/USD as strong US Industrial Production growth and better than expected US Producer Price Index (PPI) helped th... read more

14 August 2015 - Greek Parliament votes in favour of 3rd bailout

By Jake Trask
United States Dollar: GBP/USD popped to a high of 1.5634 yesterday supported in part by solid EUR/GBP selling during the European morning session. US Retail Sales data was then ... read more

13 August 2015 - UK wage growth slips - Yuan slide continues

By Jake Trask
United States Dollar: The pound fell in early trading yesterday as UK wage growth data fell short of expectations printing 2.4% growth y/y for April-June a drop from the previous... read more

12 August 2015 - AUD and NZD slammed lower as China cuts Yuan reference rate again

By Alex Edwards
United States Dollar: The devaluation of the Chinese Yuan by the PBOC yesterday sent shockwaves through financial markets. The suggestion by the central bank was that it was a o... read more

11 August 2015 - AUD and NZD gap lower as China devalues Yuan

By Alex Edwards
United States Dollar: The dollar was sold across the board on Monday. After starting the day at 1.5460 cable pushed steadily higher throughout the afternoon yesterday eventually... read more

10 August 2015 - September Fed rate hike still likely after strong Non-Farm Payrolls

By Jake Trask
United States Dollar: Friday saw another strong jobs report from the States with the latest monthly Non-Farm Payrolls print 215k for July. Although the number was slightly lower ... read more

07 August 2015 - Hawks left disappointed by dovish MPC minutes

By Alex Edwards
United States Dollar: It was a busy day yesterday for the pound. Manufacturing production data - released in the morning - printed in line with market expectations and was large... read more

06 August 2015 - Pound remains strong this Super Thursday morning

By Alex Edwards
United States Dollar: GBP/USD was steady throughout most of the morning yesterday and traded close to and above the 1.5550 level. It was a surprise to see little to no reaction ... read more

05 August 2015 - Dollar strengthens on hawkish Fed comments

By Alex Edwards
United States Dollar: Choppy is the word that best describes the range in GBP/USD yesterday. It comes partly as a result of low liquidity in FX markets with it being summer holi... read more

Check Customer Rates Now

You transfer

Receiver gets

Register Now - It's Free!

*Rates subject to change and for individuals only

Register Free

Send money overseas at better rates than the banks.

Get our free commentary

RSS Follow Facebook Twitter Follow on LinkedIn Google Plus Follow on YouTube

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

IMPORTANT: Use of this website is subject to the Website Terms. Use of the Services of the UKForex Limited is subject to the Client Agreement. Nothing on this website constitutes or should be construed as financial advice. This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person. UKForex Limited makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites.

UKForex is registered in England and Wales (company no. 04631395) with registered office at 1st Floor 85 Gracechurch Street, London EC3V 0AA.

DISCLAIMER: UKForex makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this web site. Read full disclaimer.

UKForex provides international money transfer services to individual clients and business customers. Use our free currency calculator, exchange rate charts, economic calendar, in-depth currency news and updates and benefit from competitive exchange rates and outstanding customer service.

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

Money Laundering Regulation Number (MSB): 12219180. Issued by HM Revenue & Customs (HMRC)
Read our Money Laundering Statement