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.
Inflation in the Eurozone has fallen to a three-year low and unemployment is at a new record. Inflation declined to a 1.2 percent in April. Spain's economy shrank for the seventh consecutive quarter. Severe unemployment and economic data from Spain and other Euro area countries have fuelled a strong discussion...
VIEW FULL ARTICLEThe Pound rose for a fourth day versus the Dollar, the longest streak since November, following reports that U.K. house prices increased this month. Average house-price values in England and Wales increased 0.3 percent, which was the largest gain in three years.
VIEW FULL ARTICLEUnemployment in Spain rose to a new record high of 27.2% of the labour force in the first quarter of 2013, according to official figures in Madrid. The overall number of unemployed people in Spain has now exceeded the ‘six million’ figure, even though the rate of the increase has slow.
VIEW FULL ARTICLEThe GBP/USD and GBP/EUR have jumped substantially after the release of economic data in the United Kingdom. Indeed GBP has seen broad gains across the board.
VIEW FULL ARTICLEThe Euro held steady above a two-week low, but it could encounter more selling pressure as the soft euro-zone data has strengthened expectations of an interest rate cut by the European Central Bank. German business confidence possibly fell for the second month in April.
VIEW FULL ARTICLEThe Pound dropped against the Dollar, approaching the lowest level in two weeks, before a report that economists said will show Britain’s budget deficit narrowed in March from a year ago.
VIEW FULL ARTICLEThe Pound weakened for a second day against the Euro, approaching a one-month low, after Fitch Ratings cut the U.K.’s credit ranking by one step.
VIEW FULL ARTICLEChristine Lagarde, the head of the IMF, has expressed renewed concern over the health of the UK economy. The UK's growth numbers are "not particularly good", Ms Lagarde said. But speaking ahead of a high-level meeting of policymakers in Washington, she refused to be drawn on whether UK should reassess...
VIEW FULL ARTICLEThe pound approached a one-month low against the 17-nation common currency before a report that economists said will show U.K. retail sales declined in March.
VIEW FULL ARTICLEAccording to the IMF the eurozone remains the weakest part of the global economy and its World Economic Outlook that a prolonged period of slack growth in the eurozone will diminish the chances for expansion in Central and Eastern Europe.
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