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.
After a Bloomberg report suggested that the European Central Bank (ECB) were considering negative interest rates, President Draghi slowed the resultant weakening of the Euro by saying there had been no further discussions since the last ECB conference.
VIEW FULL ARTICLEAfter this weeks report of potential negative interests rates the Euro finds itself under some selling pressure - particularly ahead of today's Economic calendar:
VIEW FULL ARTICLESo on a day that was supposed to be focused on GBP and USD it was the Euro that really stole the headlines:
VIEW FULL ARTICLEThis morning we have already seen the Bank of England minutes released which showed all members voted unanimously to keep the UK interest rate on hold at 0.5% with no change to the asset purchase program/QE. The ‘as expected’ news has seen GBP take a small dip from this mornings highs.
VIEW FULL ARTICLEThis morning we have the ZEW Survey for Germany - showing how optimistic (or pessimistic) German investors are about the economy. As this is a survey among investors and analysts, it does not have the same significance as the German IFO – which is conducted among businesses – and which...
VIEW FULL ARTICLEWith no significant data releases scheduled for today the market focus will move the the major events of the week whilst it also continues to analyse the events of last week.
VIEW FULL ARTICLEYesterday saw Janet Yellen, the future Chairman of the Federal Reserve and consequently most influential global financial policy maker, testifying before a Senate Banking Committee in Washington. In her testimony, she confirmed that she will support the Feds current stance of monetary stimulus in order to reduce unemployment until she...
VIEW FULL ARTICLEThe big news from yesterdays raft of UK data was that Mark Carney’s Bank of England has raised it’s 2014 growth forecast from 2.5 to 2.8 per cent. The better than expected employment figures could also indicate the key threshold of 7 per cent could be reached before 2016.
VIEW FULL ARTICLEAfter yesterdays poorer than expected CPI figures which saw GBP take a hit against most major currencies, today, we will see the markets focus on the UK again. Yesterdays reports showed inflation in the UK fell to 2.2% in October compared to 2.7% in the previous month.
VIEW FULL ARTICLEThis morning has already seen a raft of negative German data, however this was completely overshadowed by the UK CPI data. Released a short while ago, the Consumer Price Index fell dramatically, actually giving its worst reading since 2009.
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