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  (16) 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

  • US: Kansas Fed manufacturing activity: 5.000 (FXstreet.com: Latest Economics Events)
  • US: EIA Natural Gas Storage change: 89.000 (FXstreet.com: Latest Economics Events)
  • US: New Home Sales (MoM): 0.454 (FXstreet.com: Latest Economics Events)
  • EMU: Consumer Confidence: -21.900 (FXstreet.com: Latest Economics Events)
  • US: Housing Price Index (MoM): 1.300 % (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

The release of the Monetary Policy Committee (MPC) minutes yesterday saw Sterling weaken rapidly against the Euro; in fact, I was still reading the first word ‘minutes’ on the front page when Sterling dropped off.
The sharp drop off in Sterling was due to the MPC minutes revealing a more dovish tone from the previous meeting; [...]

The Euro recovered some of its losses against the Dollar and Sterling yesterday with slightly better than expected PMI Manufacturing Data. There are some signs that the strong expansion seen in Germany is now about to level off, however, with Service sector PMI declining slightly in April. The Euro also strengthened due to better than [...]

Yesterday saw sovereign debt return to the market, in both the Euro zone and the US. The S&P revised its long-term outlook on US debt from stable to negative citing, the lack of a plan in addressing the very large budget deficit means that the US is in a significantly weaker position than its ‘AAA’ [...]

The Euro is subdued against the dollar and sterling this morning as the sovereign debt crisis again raises its head. Yesterday the German finance minister admitted that Greek debt may need to be restructured, despite last year’s £97bn bail out. The reason for this restructuring is that the Greek government must now pay 13% interest [...]

Good news! The Consumer Price Index (CPI) fell back from 4.4% in February to 4% in March as supermarkets and High Street chains cut prices. This is great news from a personal point of view as nothing attracts my eyes in a supermarket quite like a red and white sale sign. However, the drop in [...]

It was only a couple of weeks ago that the morning note was reporting the biggest squeeze on people’s incomes since 1981. It now appears that this dire figure may have been overly optimistic, with the Centre for Economics and Business Research reporting at the weekend that household disposable income will fall this year at [...]

As expected, the Bank of England kept rates on hold at 0.5% for another month, with spiralling UK inflation not enough to convince the MPC to change direction. As ever, it won’t be until the minutes are released in a couple of weeks that we see how each member voted with the previous meeting voting [...]

There was an unexpected piece of good news with yesterday’s services PMI surging to a 13 month high of 57.1 in March from 52.6 in February – with anything above 50 indicating growth. This 4.5 point rise in the index is the second biggest increase since the survey started in 1996, only exceeded in January [...]