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.
On the surface, the US GDP figure yesterday might have looked a little lack lustre. But if you get inside the details a little more and there were clues that may point towards an interest rate conversation.
VIEW FULL ARTICLEThe GBP pressed steadily back upwards against the EUR during the course of the day yesterday and has started to approach the kind of higher levels that we saw in the midst of the Greek crisis. As we open today the gains from the last 24 hours are around a cent.
VIEW FULL ARTICLEYesterday saw the Pound pick up further gains versus the Euro, erasing some of the losses from the back end of last week when we witnessed a fresh 7.5 year interbank high of 1.4415. The move came largely as a result of the UK GDP results which produced a tenth...
VIEW FULL ARTICLEThe Pound has recovered slightly from the losses of late last week and early this week against the Dollar, heading back over the 1.5500 mark during the day yesterday. The story against the Euro was similar as we saw a slow, steady appreciation from the open until close.
VIEW FULL ARTICLEThe Pound has now lost quite a bit of ground against the Euro and a little against the Dollar. The Greek situation appears to be drawing to a kind of close – in that the underlying issues are not even close to being addressed and resolved, simply the mechanism for...
VIEW FULL ARTICLEYesterday, we talked about the Chinese intervention in their stock market and that there could be some reticence to invest with gusto. And this morning we learn that Chinese manufacturing activity has fallen to a low of around a year and three months.
VIEW FULL ARTICLEThe path of the Pound was split against its two principal trading partners yesterday. The GBPEUR has continued to see a steady ebb and flow as all eyes are on the Greek situation. Yesterday saw the GBP gain doggedly against the EUR and then to fall back again at a...
VIEW FULL ARTICLEYesterday saw the EUR claw back some ground against the GBP as some of the necessary actions to receive funding are being done and it looks as if the risk of non-compliance is eroding slowly. This hasn’t led to dramatic movements, but just enough inference from investors to see the...
VIEW FULL ARTICLEAll day yesterday, the GBPEUR stayed almost level through the course of trading – moving only 0.2% either up or down from where the markets opened to where they closed. While this is welcome respite from the volatility we have observed in recent weeks, it does pose questions about the...
VIEW FULL ARTICLEThe rumbles from investors touting an interest rate rise from the United States on the visible horizon continue to grow louder. While at odds with the buoyancy from the US currency is some weakness in the gold prices, which have caved to a low of around five years – this...
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