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.
Sterling fell vs the US Dollar yesterday as better than expected US data triggered selling pressure on GBP/USD. Yesterday’s encouraging US Durable Goods Data and far stronger than anticipated US Gross Domestic Product data has seemingly hastened the timing of the next Federal Reserve interest rate hike.
VIEW FULL ARTICLESterling struggled yesterday versus the US Dollar as investors retrieved their collective nerve. The UK continued to be weighed down heavily by market participants with expectations that, given the fears over the Chinese economy, the Bank of England could be up to a year away from an interest rate hike.
VIEW FULL ARTICLEAsian shares struggled on last night as investors feared fresh cuts in China’s interest rate would not be able to stabilise a slowing economy or stop a further breakdown in Chinese stocks that is currently causing havoc in worldwide markets.
VIEW FULL ARTICLEA major high street bank has today released a statement containing their assessment of when there will be a likely US raise in interest rates. Until recently, the consensus was that the States would look to raise their interest rates in September of this year.
VIEW FULL ARTICLEIn light of a quiet data day today the markets are reacting heavily to external factors, so volatility can be expected. As global commodity prices slide, coupled with the ongoing possibility of a global currency war after China's move to devalue its currency last week, we should expect to see...
VIEW FULL ARTICLEIt seems Greece got a bit bored with being out of the headlines and so yesterday PM Tsipras decided to quit and call for another round of elections on 20th September. This is yet another power play by Tsipras as he has lost support from many anti-austerity, anti-bailout rebels in...
VIEW FULL ARTICLEThe issues that have plagued China and their stock market recently continue unabated. The stocks continue to slide and this is showing fresh lows almost daily, hitting these again yesterday. We have discussed the flight to safety of investors viewing the US currency as a haven against the unsettling impacts...
VIEW FULL ARTICLEToday’s key events are very much Euro and US Dollar-centric.
VIEW FULL ARTICLEWell, the Chinese saga seems like it is still a long way from concluding. We saw that again new lows were tested by Asian shares because of the concerns that demand from China will slow down the economy for all the nations that are tied to its consumption.
VIEW FULL ARTICLEAs the unsettlement in Chinese markets continues to upset global appetites and risk, there is more disruption and exposure to its neighbour’s weaknesses as well. The GBPUSD has pushed upwards with the strength favouring the Pound, but in most other currency pairs involving the States, the Greenback has gained ground.
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