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 held firm yesterday, pushing close to 12-week highs versus the Dollar and breaking above the 1.4600 level. Rises in commodity and oil prices provided support, especially after UK equity markets were able to make headway, although risk conditions should still be watched carefully.
VIEW FULL ARTICLEUK preliminary GDP figures for Q1 2016 came in as expected yesterday at 0.4%, showing a slight slowing in growth from Q4 2015. As a result, Sterling failed to maintain the strength it has seen from the start of the week. This morning, GBPUSD and GBPEUR have both opened lower.
VIEW FULL ARTICLESterling continued its net recovery throughout yesterday’s session, trading up on both the Euro and the Dollar. Bank of England Monetary Policy Committee member Cunliffe spoke yesterday after the European close, touching upon credit conditions in the housing market.
VIEW FULL ARTICLESterling maintained confidence throughout the day yesterday, pushing to 10-week highs against the Dollar. President Obama’s call for the UK to stay in the EU meant market sentiment continued to improve, with Cable briefly peaking at 1.4519.
VIEW FULL ARTICLESterling posted gains on Friday against both the Dollar and the Euro as confidence for the ‘remain’ side of the EU referendum increased. President Obama’s high-profile visit and call for the UK to remain in the EU was potentially a significant factor, as polls throughout last week shifted further away...
VIEW FULL ARTICLEFollowing the European Central Bank (ECB) rate decision yesterday, the Euro surprisingly started and finished the day at similar levels against Dollar and Sterling despite a lot of price action.
VIEW FULL ARTICLEFor everyone interested in GBPUSD, be sure to check out our broker Dylan's interview with Swiss forex bank Dukascopy.
VIEW FULL ARTICLEThe Sterling rally continued yesterday, with GBPUSD peaking just above 1.4400. Sterling sentiment has improved following the latest polls indicating a modest lead for the “Stay” (in Europe) campaign. Mark Carney refused to comment on a Treasury report which predicted a 6% reduction in the UK economy following a ‘Brexit’.
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