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 GBP has continued to see a see-saw motion as the trends from the last two days continue. The USD has retreated further still and this pushed the GBP to even higher highs during the trading day yesterday. All the key elements we talked about yesterday are still driving this movement.
VIEW FULL ARTICLEYesterday we saw Sterling continue its rise against the US Dollar and Cable hit eight week highs. This was despite worse than expected UK GDP figures and continued uncertainty regarding the General Election, although we did see the UK nationwide housing prices data exceed market expectations.
VIEW FULL ARTICLESterling continued its rise against the US Dollar yesterday as we saw month-long highs on the back of weaker than expected US figures and the pre-election uncertainty taking a bit of a back seat. Yesterday’s US PMI missed its target and although the figures were not particularly poor, they showed...
VIEW FULL ARTICLESterling had a particularly strong end to the week after minutes from the latest MPC meeting showed that a couple of members were starting to move back to voting in favour of a rate hike. This week we will see GDP figures out of the UK.
VIEW FULL ARTICLEYesterday proved to be another interesting day on the markets as they were gripped by volatility after several data releases caused unexpected moves.
VIEW FULL ARTICLEYesterday saw Sterling gain against most currencies with it going above 1.5000 against the Dollar and 1.4000 against the Euro, although it has since fallen back from these highs. The minutes released from the Bank of England yesterday carried a rather hawkish tone and as we know, the markets love the...
VIEW FULL ARTICLEWith Greece still in the headlines, the Bank of England’s Monetary Policy Committee will today get an opportunity to wrestle a bit of the spotlight away from Athens as it releases its minutes from this month’s meeting.
VIEW FULL ARTICLEAlthough GBP is indeed looking very positive against the Euro, breaking above 1.3930 at time of writing, the USD has fought its way back to the mid 1.48’s. Sterling has undoubtedly been depressed due to the impending election/political uncertainty, perhaps we would be comfortably above 1.4000 on GBP/EUR if the...
VIEW FULL ARTICLEThe start of the week sees a focus on familiar topics as Greece and its trouble with paying money back is stealing the majority of the headlines. We seem to have been near doomsday for a few months now and noises coming out of the IMF, ECB and Greece seem...
VIEW FULL ARTICLECable was the headline of yesterday as Sterling showed strength against a weaker US Dollar which has been impacted over the past few days by a flurry of weaker than expected data. Yesterday it was housing starts which came in as weaker than expected.
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