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.
After the Fed hinted at their intentions to move ahead with tightening as soon as possible, market participants have scrambled to rebalance their portfolios in a way that will allow them to take advantage of this development should it take place in December.
VIEW FULL ARTICLEAn interest rate hike in the States could well be back on the cards following the Federal Open Market Committee (FOMC) statement last night. Despite keeping rates on hold for now, the statement outlined that the FED expect the economy to continue to grow at a moderate pace, while global...
VIEW FULL ARTICLEMarket focus today will be firmly on the Federal Reserve this evening as the rest of the economic calendar is thin throughout today. Rate hike...very unlikely. Traders have now pushed any chance of a rate lift off back to March 2016.
VIEW FULL ARTICLEUK economic data was weaker than expected with BBA mortgage approvals declining to around 44,500 from 46,600 the previous month which could suggest some cooling in the housing sector. There was also a weakening in the latest CBI industrial survey with the orders component flagging; the quarterly data registered the...
VIEW FULL ARTICLERounding off from Friday's performance, the USD held onto its gains following a late rally versus Sterling. However, the pair ran into some Dollar selling activity around a key level of support as the rate held firm.
VIEW FULL ARTICLEThe Euro moved into a two-month low against the Dollar and a one month low versus the Pound yesterday after the European Central Bank (ECB) hinted at more stimulus in December, tipping the common currency into one of its biggest falls in recent years.
VIEW FULL ARTICLEOn the Sterling front, we have witnessed a mixed couple of days of trading, particularly against the USD. The pair has been somewhat range bound for a couple of weeks now with the respective Central Banks dictating most of the price action between the two.
VIEW FULL ARTICLEWith another quiet day on the data front, the markets continue to speculate whether Draghi and the European Central Bank (ECB) will extend the current Quantitative Easing programme at tomorrow's monetary policy statement. As a result EUR/USD has remained jumpy.
VIEW FULL ARTICLEThe markets open with little change from yesterday as the focus for international markets remains split between economic developments in China and US Fed policy. Other than weak figures from China, which included a reduction in industrial production from 6.1% to 5.7%, all but confirming a slowdown, there wasn’t much...
VIEW FULL ARTICLEThe Pound strengthened against both the Euro and Dollar last week after speculation that monetary policy in both the U.S. and Eurozone will be slacker for longer than market participants had previously thought. The Pound gained versus most of its counterparts last week after mixed data from the UK showed...
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