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.
The Bank Holiday yesterday meant that both the UK and US markets were closed. Following the lack of economic data from the UK last week, ‘Brexit’ news took centre stage over the weekend. Prime Minister David Cameron and the new London Mayor Sadiq Khan spoke together at an EU referendum...
VIEW FULL ARTICLESterling lost momentum yesterday morning following poor data from the UK. Q1 preliminary business investment printed at -0.5%, substantially missing the 3.2% forecasted growth. This caused the Pound to fall against both the Dollar and the Euro, which was then reinforced by strong data from across the pond.
VIEW FULL ARTICLESterling continued to strengthen yesterday reaching three week highs against the Dollar, and fourteen week highs against the Euro. Although there were no data releases through the day, fears surrounding the upcoming EU referendum have continued to ease. This has helped to underpin the Pound.
VIEW FULL ARTICLESterling rallied yesterday against all major currencies, reaching highs against the Euro not seen in three months.
VIEW FULL ARTICLEUnderlying uncertainty was still hindering Sterling's progress against major currencies yesterday. The Pound tested support close to 1.2900 against the Euro and dipped to recent lows just under 1.4450 against the Dollar.
VIEW FULL ARTICLELast week was a positive week for Sterling, but gains made through the week fell back slightly on Friday. GBPUSD fell 1% from 1.4660, and GBPEUR similarly fell 1% from 1.3061. This came as a TNS ‘Brexit’ poll was released Friday morning which showed the ‘Leave’ campaign as having a...
VIEW FULL ARTICLEYesterday, strong UK retail sales data provided a boost for Sterling, with a headline increase of 1.3% for April against the market expectation of 0.5%. The annual increase also showed strong growth, which came in at 4.3%, well above the 2.5% the market had expected.
VIEW FULL ARTICLEYesterday Sterling experienced gains unseen since the announcement of the EU referendum, as the latest IPSOS Mori poll showed 55% of participants backed a vote to remain. This poll, along with promising unemployment data from the UK meant Sterling strengthened against both the Dollar and the Euro.
VIEW FULL ARTICLEInflation data for the UK printed slightly weaker than expected yesterday. Year-on-year, CPI (consumer price index) showed a 0.3% price increase during April, down from the previous month, whilst Core CPI came in at 1.2%, also down from March.
VIEW FULL ARTICLESterling remained under pressure yesterday throughout the European trading session. The lack of economic data released yesterday meant Friday’s bearish trend continued, with GBPUSD reaching lows below 1.4350 again.
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