FX News
Looking to gain that extra insight into the FX markets? Every morning our team hunts down the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
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.
GBP The Halifax house price index tainted Sterling sentiment just after market open yesterday with a 3.1% decline in April, slashing the annual increase to 2.2% from 2.7%. Ratings agency Fitch also stated that UK household finances pose a risk to growth, reinforcing the underlying negative sentiment.
VIEW FULL ARTICLEPosted in Daily Market News on May 9 2018 by Rob Affleck
GBP The Pound struggled on Friday, unable to make any headway against major currencies. After a brief respite following the US employment data release Sterling reverted to recent form, sliding just below 1.3500 against the Dollar. The Pound also fell beneath a significant technical level, reinforcing negative sentiment.
VIEW FULL ARTICLEPosted in Daily Market News on May 8 2018 by Rob Affleck
Did you know – the most common birth-date in the UK is September 26th? Must be something to do with couples feeling that bit more amorous as the stresses and strains of the Christmas period begin to take their toll, right?
VIEW FULL ARTICLEPosted in Expat Resources on May 4 2018
GBP UK services PMI bounced back from last months 20 month low to register 52.8 for April, but was still significantly below consensus forecasts of 53.4. New business growth remained weak and employment growth fell sharply, despite demand remaining consistent; recruitment difficulties and higher salaries caused the drop.
VIEW FULL ARTICLEPosted in Daily Market News on May 4 2018 by Rob Affleck
GBP UK construction PMI bucked the recent data trend in strengthening to a five-month high of 52.5 in April. The data not only beat expectations but was a significant improvement on the 20-month low in the March figures.
VIEW FULL ARTICLEPosted in Daily Market News on May 3 2018 by Rob Affleck
GBP Sterling fell past 1.3600 to trade 1.2% lower against the US Dollar after UK manufacturing PMIs produced the lowest figure for 17 months, dropping to 53.9 for April from last month’s revised 54.9. The Euro also strengthened to 1.1360 despite its own woes as Sterling suffered bad press over...
VIEW FULL ARTICLEPosted in Daily Market News on May 2 2018 by Rob Affleck
As a new entrepreneur gearing up to start a business or a business owner who’s recently opened their doors, there’s a lot of uncertainty ahead of you. Everyone whom you’ve told about your idea has probably (rather unhelpfully) mentioned what percentage of small businesses fail.
VIEW FULL ARTICLEPosted in Business Resources on May 1 2018
GBP Sterling struggled beneath the rain clouds of Friday’s poor GDP results and futures markets indicated a 20% chance of a Bank of England rate increase in May. The Pound dipped sharply to lows near 1.3715 against the Dollar and the Euro strengthened to highs around 1.1330.
VIEW FULL ARTICLEPosted in Daily Market News on May 1 2018 by Rob Affleck
GBP A provisional estimate of Q1 GDP growth was reported at 0.1%, significantly below forecasts of 0.3% and the weakest quarterly figure for over five years. Year-on-year growth was held at 1.2%, down from 1.4%. The ONS stated that the weather had only a limited impact and market sentiment deteriorated,...
VIEW FULL ARTICLEPosted in Daily Market News on Apr 30 2018 by Rob Affleck
GBP Consumer credit demand figures were tepid but business lending recovered, suggesting a potential investment recovery. March mortgage approvals printed better than forecast, although there was still an annual decline of 10%. CBI retail sales produced a weak reading of -2 for April from -8 previously, but retailers were optimistic...
VIEW FULL ARTICLEPosted in Daily Market News on Apr 27 2018 by Rob Affleck
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