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.
This morning’s Bank of England minutes showed the members voted 8-1 in favour of ‘forward guidance’. The market has seen this very positive for the pound, as such we have seen GBP/EUR head towards 1.1680 and GBP/USD head back to 1.5490.
VIEW FULL ARTICLEStronger than expected factory output figures and other data out of China saw the AUD and other commodity based currencies gain strength over the last 24 hours and as a consequence we now see the AUD a couple of cents higher against Sterling at 1.6980.
VIEW FULL ARTICLEThe market was expecting a rather dovish speech from the new governor Mark Carney but got quite the opposite which led to a roller coaster of a day. He made it clear the British economy was in a mess and making headway was hard work but stayed away from any...
VIEW FULL ARTICLEToday Mark Carney, New Governor of the Bank of England, spoke on the back of the Bank of England's quarterly inflation report. The key message, as afar as the FX markets are concerned, is that the unemployment rate will become the key indicator as to when the BoE may be likely to...
VIEW FULL ARTICLEThe pound looks set for a volatile day on the back of the Bank of England’s inflation report out shortly. The MPC will provide us with explicit guidance on the path of bank rates going forward.
VIEW FULL ARTICLESome surprisingly positive data here in the UK, as manufacturing, construction and services figures came through at their highest level since 2006. The July figures outstrip June and certainly make up for the contraction we saw in May. If these levels of growth continue we should start to see a...
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VIEW FULL ARTICLEThe high expectations for a positive employment figure out of the US left everyone disappointed on Friday. Payrolls came in at 162k below the 175k expectation and well below a market consensus figure of 185k. Figures like these prove detrimental to markets as a whole and will most probably put...
VIEW FULL ARTICLEAll eyes will be on the Non-farm payroll and the full unemployment figures which are due out at 1.30 pm. Optimism seems to be swelling as the market gears up for what it hopes will be the fourth time in a row where the numbers have come in better than expected.
VIEW FULL ARTICLEThe Pound has found few friends this week as fears regarding the potential tone and content of this morning’s Bank of England forward guidance statement, along with talk of rates remaining lower for longer weigh it down.
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