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Economic Calendar 06/06/2022: United Kingdom – Vote of confidence in Prime Minister Boris Johnson 08/06/2022: EUR Area – GBP Growth rate MOM and YOY. 09/06/2022: EUR Area – ECB Interest Rate Decision and Press Conference 10/06/2022: United States – Inflation Rate YOY 10/06/2022: United States – Michigan Consumer Sentiment June…
Currency UK has partnered with Novum Økonomi AS, a Norwegian authorised Accounting Office providing a wide range of services such as business consultancy, accounting and HR. The partnership will allow Currency UK to support Novum’s clients across Europe by providing international payment and risk management solutions. For over 20 years,…
The Pound Sterling exchange rate has found itself in the crosshairs of a persistently pessimistic outlook with the UK currency becoming the subject of increasingly bearish and widespread press coverage in recent days following a number of reports it could be on the cusp of a sizable leg lower against…
German consumer prices increased 0.9% for May with the annual inflation rate strengthening to a fresh post-unification record high of 7.9%, higher than forecast. Inflation has also been equal to or above market expectations for the past 8 months. Sterling edged higher to just above 1.2650 against the dollar but…
Economic Calendar 30/05/2022: Memorial Day Holiday in US 30/05/2022: EU Leaders Summit 30/05/2022: German HICP 31/05/2022: German Unemployment Change 31/05/2022: EUR CPI 31/05/2022: US Consumer Confidence 01/06/2022: German Manufacturing PMI 01/06/2022: ECB President Lagarde Speech 01/06/2022: UK Manufacturing PMI 01/06/2022: 2 FOMC Member speak 02/06/2022: UK Holiday – Queen’s Jubilee…
Sterling could likely benefit against the Euro and Dollar if Chancellor Rishi Sunak’s £15BN ‘mini budget’ results in a boost to UK consumer confidence over the coming weeks. Yesterday’s announcement by the Chancellors on the availability of extra spending to households struggling under the weight of the rising cost of…
Sterling recovered some of the losses that followed the poor PMI data on Tuesday as better risk conditions and rising global stock markets indicated an improved investor sentiment and offered a brief period of respite for those looking to sell GBP. The Pound was supported below 1.2500 against the dollar…
UK purchasing managers index fell services sector fell to a 15-month low, well below consensus forecasts as orders growth and export sales both slowed sharply. Input prices are increasing at the fastest rate on record. The UK manufacturing purchasing managers index fell to a 16-month low, slightly below expectations of…
The Pound continued its hot streak against the Dollar yesterday with further support as it moved above 1.2500. Other risk-sensitive currencies were also able to secure a further recovery (against USD, CHF and JPY) as equity markets posted gains. Sterling peaked close to 1.2600 against the dollar with further evidence…
The Investor Visa was a route for UK citizenship through investment in the British economy. It was suddenly closed for security reasons, without leaving a direct alternative option for cut-off applicants. The Innovator Visa offers an alternative business-related route. An announcement revealed that provisions for investment will become part of…