Call Me Back

Comments *

more

• Categories

  • Currency UK in the Press
  • Currency UK resources
  • Daily FX market news
  • Definitions
  • In depth discussion
  • Partnerships
  • Random CUK comments
  • Uncategorized

• About Currency UK Ltd +44 (0)207 738 0777

  Currency UK is one of the UK's leading foreign exchange brokers.

  Helping individuals and business with overseas payments, Currency UK will ensure you save money - obtaining the best exchange rates on Euro, US Dollars, Australian Dollars, New Zealand Dollars, Canadian Dollars, UAE Dihram, South African Rand, Polish Zloty and many more.

  Call us now on +44 (0)207 738 0777

• Search

  Search for:

• Archives

  Select Month May 2013  (12) April 2013  (19) March 2013  (20) February 2013  (20) January 2013  (19) December 2012  (15) November 2012  (21) October 2012  (23) September 2012  (20) August 2012  (21) July 2012  (23) June 2012  (20) May 2012  (24) April 2012  (19) March 2012  (22) February 2012  (19) January 2012  (15) December 2011  (11) November 2011  (21) October 2011  (21) September 2011  (14) August 2011  (14) July 2011  (12) June 2011  (10) May 2011  (11) April 2011  (8) March 2011  (20) February 2011  (13) January 2011  (18) December 2010  (13) November 2010  (13) October 2010  (16) September 2010  (21) August 2010  (14) July 2010  (11) June 2010  (17) May 2010  (24) April 2010  (21)

• Business and Stock Market News

  Latest Economics Events

  • CN: House Price Index : 4.900 % (FXstreet.com: Latest Economics Events)
  • US: CB Leading Indicator (MoM): 0.600 % (FXstreet.com: Latest Economics Events)
  • US: Reuters/Michigan Consumer Sentiment Index: 83.700 (FXstreet.com: Latest Economics Events)
  • CA: Consumer Price Index (MoM): -0.200 % (FXstreet.com: Latest Economics Events)
  • CA: Consumer Price Index (YoY): 0.400 % (FXstreet.com: Latest Economics Events)

• Tags

  Adrian Jacob AUD Australian Dollars best exchange rates BoE BofE Conservatives Currency UK CurrencyUK dollar ECB Election EUR Euro Eurozone exporters foreign exchange foreign exchange broker GBP GBP/AUD GBP/EUR GBP/USD GBR/USD Goldman Sachs Greece Greek crisis IMF Importers Inflation interest rates international transfers international wire transfers JPY Labour Liberal Democrats MPC overseas payments Portugal Pound send money abroad send money overseas Spain Sterling USD Yen

With UK GDP coming in above expectations in Q3 and speeches from MPC members this week giving little away, views that the Committee may be poised to launch another round of QE at next week’s meeting have receded…read more

The G20 group also agreed to “refrain from competitive devaluation of currencies

Trading is most likely to be very quiet until we start hearing noises from the G20 meeting. Sterling looks like it will be under pressure from both the Euro and the USD for the remainder of the day.

Sterling is also under pressure versus the dollar and euro over yesterday’s trading session and overnight as markets reacted to the dovish tone of the minutes of the last Bank of England policy meeting.

The minutes of October’s MPC meeting, released a few minutes ago, doesn’t exactly make the picture any clearer. It seems there was a 3 way split of sorts, with Posen as expected voting for an additional £50bn of QE, and Sentance, as expected, voting for a 0.25% rate rise.

The dollar has, after yet another poor performing week, pulled back a cent against the Euro in trading overnight and into this morning. There was some disappointment on Friday that Federal Reserve Chairman Bernanke didn’t more explicitly allude to the possible size of QE that the FOMC may relaunch, though that was probably always unlikely, [...]

Sterling has been struggling these last few weeks and hit a five month low against the Euro yesterday on fresh fears that the UK economy could be in for another slump…read more

Tomorrow we have a bit more data out but nothing for the struggling Pound so sterling may need to rely on weakness in other currencies to make any gains…read more

Today, the UK calendar has already got off to a poor start this morning, with the Nationwide Consumer Confidence survey showing the weakest level for 18-months…read more

The dollar has managed to claw back some ground versus the euro, with the single currency struggling to hold a break through the $1.40 level. There were reports that automatic sell orders were also pulling the euro back towards $1.38. Speculative traders are believed to have become short dollars following the recent sell off, which [...]

keep looking »