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.
Further improvements in the US jobs market and lower borrowing costs helped retail sales rise more than expected in May. The rise was the largest increase in three months with cheap finance helping to bolster car sales while higher stock prices and rising property values are boosting consumer confidence.
VIEW FULL ARTICLEAll the overnight action has been with the Yen. The Nikkei 225 declining rapidly last night showing a staggering 20% move from last month’s high. Little in the way of reason for last night’s huge move, other than speculators closing positions in light of the Bank of Japan's reluctant to...
VIEW FULL ARTICLEThe latest release suggests that UK manufacturing is on course to return to modest growth in Q2. Industrial output rose for the third consecutive month in April, up by 0.1% on the month after a 0.7% increase in the previous month, underlying a slow but steady recovery in the sector.
VIEW FULL ARTICLEAfter Friday’s better than expected US payroll report and in the absence of any major economic data releases yesterday, the foreign exchange markets look to have calmed.
VIEW FULL ARTICLEIn the UK declining imports saw the trade deficit narrow more than April's forcast. The Office for National Statistics reported the goods trade gap reduced to £8.2 billion, down by £1.0 billion from the previous month. Imports declined by 3.8% exceeding the decline in exports of 1.4%.
VIEW FULL ARTICLEAfter 194 monetary policy decisions, Mervyn King, governor of the Bank of England cast his final vote as the MPC maintained Quantitative Easing at £375bn and left the Bank Rate unchanged at 0.5%. The recent improvements in UK economic indicators gave little reason for policy members to increase easing, and if...
VIEW FULL ARTICLEThe strength of UK data continues with the PMI services survey comfortably beating market expectations for May. In contrast the same measure from the Eurozone was disappointing. Moreover, new business grew at the fastest pace for over three years and firms increased hiring to meet demand.
VIEW FULL ARTICLEFollowing the upbeat manufacturing data on Monday, the outlook for the UK took a further positive step as the construction sector retuned to growth after six months of contraction. In the March 2013 budget, the government announced measures to support consumers looking to buy their first home and to encourage...
VIEW FULL ARTICLEUK manufacturing exceeded expectations in May as activity climbed to a fourteen month high. The UK manufacturing PMI rose to 51.3, increasing from an upwardly revised 50.2 in the previous month, the highest reading since March 2012.
VIEW FULL ARTICLEWe have a busy week ahead with three major central banks--the Royal Bank of Australia (RBA), the Bank of England (BOE) and the European Central Bank (ECB) - all announcing their rate decisions.
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