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.
Yesterday, the Federal Reserve announced an "as you were" policy regarding financial stimulus and repeated that they will continue to buy $85bn worth of bonds each month until the "outlook of the labour market has improved substantially".
VIEW FULL ARTICLEFinancial markets have traded with a more positive tone overnight after disappointing US economic data was likely seen as confirming that the Fed’s super-loose monetary policy will remain in place for now. This had the slightly counter-intuitive effect of providing USD with some strength.
VIEW FULL ARTICLEAfter gaining 3.1 percent in the past 3 months against a basket of other currencies GBP has now entered its third consecutive day of losses falling below 1.1700 versus Euro and below 1.6100 versus US Dollar.
VIEW FULL ARTICLEAs the storm passes, travel disruption across the south of the United Kingdom means that trading in London is likely to be very slow and coupled with todays fairly quiet economic calendar, we do not expect much movement from GBP today.
VIEW FULL ARTICLEStrong new orders drove the fastest expansion in China's manufacturing sector in seven months in October, a preliminary survey showed, more evidence that the economy is stabilizing although a strong rebound remains elusive.
VIEW FULL ARTICLEEarly morning trading saw GBP retract against most major currencies as the market hedged its positions pre BoE minutes. The expectations were for a unanimous vote to keep policy unchanged with the Bank Rate at 0.5% and QE at £375bn.
VIEW FULL ARTICLETodays focus will be very much on the delayed US Employment figures, in particular the Nonfarm Payrolls at 1.30pm UK time. Remember the US unemployment figure is a key pointer as to when the Fed may consider the fabled tapering - a better than expected payrolls figure will see USD strengthen.
VIEW FULL ARTICLEWith so much focus on GBP/USD of late it feels as though we have effectively ignored the movements of GBP/EUR.
VIEW FULL ARTICLEYesterday's UK retail figures came in better than expected which gave GBP an unexpected boost.
VIEW FULL ARTICLEThe US debt ceiling has been raised until February 7th, with the government fully funded until January. The can has been truly ‘kicked down the road’. The market will now focus on the damage done and the potential for the Fed to taper in the coming months (before the US...
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