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.
The US economy grew strongly at the end of last year. GDP grew by 3.2% in Q4, which together with 4.1% growth in Q3 makes the strongest half-year in a decade. Even though some elements of the data showed this growth would be unsustainable, the US dollar strengthened (perhaps some...
VIEW FULL ARTICLEAs was widely expected, the Fed further reduced the pace of its asset purchases. The FOMC upgraded its assessment of economic activity and was more firm in its view that the drag from fiscal policy was diminishing. No mention was made of recent financial market volatility in its statement.
VIEW FULL ARTICLEAt 7.00pm today we will have the Federal Reserve press conference in which they announce their decision on policy, such as interest rates and stimulus. The market is expecting (and has priced in) a $10bn reduction in the monthly stimulus package - this being referred to as tapering as they...
VIEW FULL ARTICLEUS manufacturing, jobs and housing data painted a mixed picture of the US economy yesterday. The increase in home prices appears to be slowing, but jobless claims and existing home sales continue to show improvement.
VIEW FULL ARTICLEAfter surprisingly good figures from the UK labour market yesterday, GBP has just fallen off its 2 year high versus USD (1.6615) and 18 month high versus EUR.
VIEW FULL ARTICLEToday’s calendar is dominated by this mornings UK labour market data and the January Monetary Policy Committee meeting minutes.
VIEW FULL ARTICLEWith the German ZEW survey being the only major data release today the market will be looking at tomorrow’s Bank of England minutes.
VIEW FULL ARTICLELast weeks UK retail figures gave the market a real surprise with an unexpected rise in retail sales. As we start the new week GBP is still riding high on this news.
VIEW FULL ARTICLEThe Dollar continues to strengthen against most currencies, supported by strong US data. Yesterday the Federal Reserve’s Beige Book confirmed the recent upturn in US economic activity, particularly in manufacturing and employment.
VIEW FULL ARTICLEWith no major data releases scheduled today the focus will really be on USD and the events of the US session yesterday. A 0.7% rise in US retail sales (excluding vehicles) and a 0.4% rise in November business inventories, combined with an upward revision to October inventories led to some...
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