FX News
Looking to gain that extra insight into the FX markets? Every morning our team hunts down the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
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.
Angela Merkel scored a huge personal victory in the German elections in a stronger showing than expected. Merkel’s Christian Democratic Union (CDU) party fell just three seats short of that needed to achieve an outright majority in the Bundestag. Remember coalition governments are far more common on the continent.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
GBP has improved versus USD in 8 out of the last 11 weeks. This has been fueled by skepticism surrounding Carney’s forward guidance and a firmer recovery of the UK economy that is prompting investors to think about a rate hike sooner, at least sooner than the Bank of England expects.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The Dollar fell against most major currencies last night, after the Federal Reserve surprised the markets by announcing no reduction to its economic stimulus program - no tapering! The US dollar dropped to a seven-month low against the Euro and its lowest level this month against the Yen.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Posted in Daily Market News on May 30 2014 by alex
Yesterday the U.S. dollar fell versus most major currencies after news broke that former U.S. Treasury Secretary, Lawrence Summers had retired from the race to become the next chairman of the Federal Reserve.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Yesterday Euro area industrial production data showed a significant drop in July, by 1.5% versus the previous month, sending a negative signal for Q3 GDP growth. However GBP failed to make significant gains on the back of this news with GBP/EUR still hovering below the very significant 1.1900 level.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Yesterdays strong employment figures from the UK gave GBP a boost, particularly against USD with cable toying with the 1.5800 mark. The number of people out of work fell by 24,000.00 in the three months to July. The headline unemployment rate thus fell from 7.8% to 7.7%.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
With no significant data releases for today the market is looking ahead to tomorrow's UK Claimant Count Change. Released by the National Statistics, it presents the number of unemployed people in the UK and has a tendency to influence the GBP volatility.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Friday’s unemployment data in the US was mostly disappointing, with the economy creating barely 169K new jobs. The unemployment rate decreased to 7.3%, the lowest level in several years but perhaps not enough for the market to see significant tapering in the US and hence USD remains on the back foot.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
It was a busy day on the markets yesterday as we saw the monthly interest dates from the Eurozone and UK as well as various figures out of the US.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
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