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.
After the final bank holiday weekend of the year, UK markets are playing catch up with their overseas counterparts. It was a whip-saw session for markets on Friday night in reaction to the much anticipated speech from Fed Chairman Bernanke at the annual Kansas City Fed conference in Jackson Hole, Wyoming.
VIEW FULL ARTICLEToday saw the first revision of the Q2 GDP figures for both the UK and the US with the UK up first this morning and managing to beat expectations with a revision upwards of 0.1% to 1.2% the strongest quarter on quarter growth since Q1 of 2001.
VIEW FULL ARTICLEFollowing the alarming drop in existing homes sales figures for the US, as released on Tuesday, yesterday saw more dismal US economic data with both durable goods orders and new home sales disappointing markets. Overall new orders for durable goods rose by a modest 0.3% in July.
VIEW FULL ARTICLEAfter recent weakness against many of the majors, the Dollar is finally back in vogue it seems, at least looking at its performance over last week and into this week. New and fresh synonyms for ‘risk aversion’ and ‘risk appetite’ are becoming increasingly difficult to fabricate when discussing the Dollar...
VIEW FULL ARTICLEThe AUD has weakened sharply over the weekend in response to the political uncertainty following the Federal election this weekend. The result is the first hung parliament in 70 years and the lack of clarity over who will take charge of the finances may not be solved for at least...
VIEW FULL ARTICLEThe yen remains a major beneficiary of any risk aversion moves, with the dollar briefly dipping below the Y85 level in the immediate aftermath of some poor US economic data. An unexpected rise in the number of new weekly claimants for US unemployment benefit was followed by news of a...
VIEW FULL ARTICLEThe release of the Monetary Policy Committee minutes yesterday morning initially gave sterling a good boost taking it up to 1.5688 against the USD but the gains were short lived with the pound closing back below the 1.56 level.
VIEW FULL ARTICLEInternational banks are cashing in on the back of their staff bonuses according to foreign exchange specialist, Currency UK.
VIEW FULL ARTICLEThe Euro gained against the USD, bolstered by strong demand for an Irish bond auction and sale of Spanish treasury bills. However, the German ZEW investor confidence index dropped well below expectations, adding a question mark over the sustainability of the Eurozone economic recovery in the aftermath of the superb...
VIEW FULL ARTICLEAfter an exceptionally strong performance last week where there was not one day that the Dollar did not appreciate against the Euro, Sterling and Kiwi Dollar, the greenback has finally given up some of its recent gains, losing around a cent against both Sterling & the Euro.
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