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.
This morning, the Euro opens marginally weaker versus its most traded counterparts. Given the recent optimism in the Eurozone, particularly when considering fundamental economic improvements, those backing the bloc currency were disappointed to see that German retails sales came in showing a monthly contraction of 0.4% in August.
VIEW FULL ARTICLEThe market opens with the Pound benefiting from a marginal bid tone, pulling back some of the losses against the Dollar as we trade close to a key level of support. The tone is expected to be relatively muted though as market sentiment continues to trade in a risk averse manner.
VIEW FULL ARTICLEThe dollar pulled away from a one-month high against a basket of currencies in overnight trade last night as market participants await key Chinese factory survey and U.S. employment data later this week in the hope that this may shed some light on when the Federal Reserve will make their move...
VIEW FULL ARTICLEFed Chair Yellen, spoke last night after markets closed and presented a more positive view of US economic performance. She confirmed that the U.S. central bank is on track to raise interest rates this year and a key reason being that the unemployment deficit in the US has been steadily...
VIEW FULL ARTICLESterling lost over 1 percent against the euro yesterday after the European Central Bank declared it is too early to decide on further stimulus The euro had hit a one-month low versus the pound the previous day on talk the ECB would beef up its 1 trillion euro plus asset-buying programme.
VIEW FULL ARTICLELast night, George Osborne gave a speech in Shanghai where he announced that he wanted to create a link between the stock markets of the UK and China. He touched upon a "landmark feasibility study" which would enable the Chinese and British shares to be freely traded in both countries.
VIEW FULL ARTICLEAs we all tuck into our bacon sandwiches this morning, Bank of England Deputy Governor Nemat Shafik prepares to speak in Edinburgh this evening. The markets will focus on clues regarding the timing of any interest rate hike and dovish comments from Shafik are likely after the Fed held firm...
VIEW FULL ARTICLEBank of England’s chief economist warns on Friday afternoon that the UK , may need to cut Interest rates further, as he underlined signs that the global financial crisis is entering its third phase of turmoil.
VIEW FULL ARTICLEThe US Dollar tried to take back ground overnight after moving to multi week lows against a plethora of currencies. This came following the Federal Reserve decision to keep interest rates on hold and pull back the long term growth outlook.
VIEW FULL ARTICLEUS interest rates have been just shy of zero per cent for the best part of 10 years and market participants are unified in the certainty that this state cannot continue for much longer -the Federal Reserve will have to begin the tightening process of its monetary policy sooner rather...
VIEW FULL ARTICLE