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.
Sterling recovered some of its losses and reached 1.5186 in the early hours of today when UK Nationwide Housing Prices year on year came in better than expected, 1.1% vrs 0.9%.
VIEW FULL ARTICLEThe outlook for the US economy was boosted as consumer confidence rose to the highest level in more than five years. This was enhanced by the ongoing recovery in the US residential property market as home prices increased by the most in seven years.
VIEW FULL ARTICLEIn Germany first quarter German GDP increased by 0.1% from the previous quarter, however, it contracted by 0.3% on an annualised basis. Market research company GfK reported consumer sentiment will rise to the highest level in more than five years in June as low unemployment and receding inflation encourages households...
VIEW FULL ARTICLEToday sees a comparatively quiet day from a data release perspective, with the exception of US Durable Goods Orders at 1.30pm. (Durable Goods are those planned to last for three years or more, such as motor vehicles and appliances.
VIEW FULL ARTICLEThe UK retail sales unexpectedly fell in April dragged down by the largest drop in food sales for nearly two years as retailers reported bad weather dented demand. The volume of sales (excluding fuel) declined by 1.4% from March.
VIEW FULL ARTICLEThe rate of UK inflation slowed more than forecast in April falling to a seven month low. Consumer prices rose 2.4% from a year earlier, down from 2.8% in March (the market was expecting a figure of 2.6-2.7%).
VIEW FULL ARTICLEUK consumer price inflation declined in the previous month for the first time since September. British Inflation eased to 2.4 percent in April from 2.8 percent in March, official data showed today, an improved reading from the 2.6 percent rate that economists had predicted.
VIEW FULL ARTICLESterling gained against the Dollar after a report showed UK housing prices have increased for a fifth successive month. The Pound rose from near the lowest level in six weeks versus the Dollar. House prices increased 2.1 percent this month.
VIEW FULL ARTICLEAfter a strong couple of weeks for USD US inflation fell for the second consecutive month in April, the first back-to-back monthly declines since late 2008. CPI inflation decreased by 0.4% on the month dropping the headline annual rate to 1.1%.
VIEW FULL ARTICLEEurozone GDP shrank by 0.2% in the first quarter of the year keeping the region in the longest recession since records began in 1995. Germany, the largest economy in the region, avoided recession but only managed a modest 0.1% growth.
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