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.
For what has been a relatively uneventful week so far for the Pound, yesterday wasn’t much different. Pro-Pound market participants will be quietly reassured that GBP was able to hold onto the gains seen against the US Dollar after what was something of a “Boring Thursday” over a “Super Thursday”.
VIEW FULL ARTICLEAs we await US Initial Jobless Claims and the Monthly Budget Statement today we are reminded of a dovish stance at the September FOMC meeting due to instability in the financial markets. Since then we have noted a change in rhetoric from Janet Yellen, attempting to play down the date...
VIEW FULL ARTICLESterling changed little yesterday as we continue with a slow week following major market movements last Friday. GBP traded relatively flat against other major currencies and dropped a slight 40 pips against the US Dollar and Euro.
VIEW FULL ARTICLEIt was a very quiet start to the week across the board, following last week's volatility. Since a big move last week Sterling Euro has been trading sideways within a range of 1.3805 to 1.3950. Both Sterling and Dollar were at the mercy of the overall demand for the US...
VIEW FULL ARTICLEThe Euro maintained its momentum on Friday from Thursday’s surprising announcements via the European Central Bank (ECB) as the single currency continued to keep both Sterling and the US Dollar on the backfoot. Despite this move, the general opinion is that the Euro strength is temporary.
VIEW FULL ARTICLEMario Draghi and the European Central Banks (ECB) spent the week leading up to yesterday’s meeting building up monetary policy expectations only to under-deliver on an enormous scale. Yesterday’s Interest Rate Announcement was pre-empted by an accidentally released FT.com tweet five minutes ahead of time announcing there was no change...
VIEW FULL ARTICLEYesterday we witnessed an abundance of volatility, mainly to the detriment of Sterling as traders squared positions in anticipation of data releases today. The most likely contributor to volatility is the plethora of central bank data that we are due today from both European Central Bank President, Mario Draghi, and...
VIEW FULL ARTICLEYesterday saw some much needed but surprisingly positive data from Germany in the form of unemployment figures. German unemployment has tracked at 6.4% since March of this year, but has finally made a breakthrough with the figure released showing us that the gap had closed to 6.3%.
VIEW FULL ARTICLEThe Euro was on the receiving end of losses yesterday as the market is beginning to price in the press conference which will be held by European Central Bank (ECB) President, Mario Draghi on Thursday...expect to hear more about this as the week goes on, particularly any further hints towards...
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