Check out our blog every morning to see the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
GBPWith no UK economic data yesterday, Sterling was driven by domestic politics which produced a mixed day. The government suffered another loss on the Brexit vote as the House of Commons voted that the government would need to present a “plan b” within three days if the proposed Brexit deal...
VIEW FULL ARTICLEWhat will make you happier? Retiring in a place where it is always sunny and you can go to the beach regularly? Or somewhere you can huddle up to the fireplace and enjoy a nice warm cuppa? Either way deciding to move abroad can be a huge step once you...
VIEW FULL ARTICLEGBPThe Pound started out well supported yesterday but ebbed as political uncertainty undermined support again with tensions increasing ahead of the restart of parliamentary debate on Brexit. Caution increased around EU assurances on the Northern Irish backstop and markets continued to discount the prospect of Theresa May winning the “meaningful...
VIEW FULL ARTICLEGBPImproved global risk appetite provided some support to Sterling yesterday, as a more positive global trade environment would provide support to the UK economy. Political uncertainty continued to hamper Sterling progress as the government attempted to find a cohesive narrative for the resumption of parliamentary Brexit debate.
VIEW FULL ARTICLEGBPHouse prices declined 0.7% in December according to the Nationwide Index with annual growth of only 0.5%, the slowest since February 2013. Services sector PMI bounced back to 51.2 for December from a 28-month low of 50.4 in November, although underlying activity remained constrained and business confidence as always, sapped...
VIEW FULL ARTICLEGBPUK construction PMI data dropped slightly lower than forecast at 52.8 for December, a three-month low, but business confidence increased to eight-month highs with optimism over infrastructure projects. Markets remained wary of the overall economic outlook and political uncertainty but Sterling gained some support from improved global risk conditions and...
VIEW FULL ARTICLEGBPThe UK manufacturing PMI beat forecasts with a six-month high of 54.2 for December, up from a revised 53.6 previously. Finished goods produced the second highest print in the 27 years the data has been produced and new orders strengthened significantly.
VIEW FULL ARTICLEGBPSterling made a last-gasp push on New Year’s Eve, rallying to a high of 1.2814 against the Dollar and 1.1195 against the Euro on the back of comments made by Jeremy Hunt. The market latched on to his suggestion that May's deal could pass through Parliament if the EU provides...
VIEW FULL ARTICLEGBPYesterday's retail sales report was surprisingly positive with monthly retail sales gains of 1.4% and by 3.6% year-on-year in November. Although the figures are roughly double the forecasts, the ONS commented that shopping habits are tending to move earlier into November as a result of Black Friday and Cyber Monday discounts.
VIEW FULL ARTICLEGBPSterling remains confined within the 1.2600 Dollar range but has dropped into the 1.1000s against the Euro. UK Consumer price inflation rose just 0.2% in November and the annual CPI dipped to 2.3%, a two-year low. Core inflation also dropped to 1.8% on a yearly basis, meeting forecasts.
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