FX News
Looking to gain that extra insight into the FX markets? Every morning our team hunts down the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
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.
Tensions surrounding the EU referendum increased on Friday and through the weekend as the negative data trend for the UK continued. Monthly construction output printed at -3.6%, significantly worse than both the predicted -2.8% and the previous -0.9%.
VIEW FULL ARTICLEPosted in Daily Market News on May 16 2016 by William Kemp
There were no surprises yesterday as the Bank of England Monetary Policy Committee (MPC) voted 9-0 in favour of no change in interest rates. This now leaves only one vote before the upcoming EU referendum, which was the hot topic during open questions for Mark Carney.
VIEW FULL ARTICLEPosted in Daily Market News on May 13 2016 by William Kemp and the Sales Team
There were some pressure relieving figures for the UK yesterday as March’s manufacturing production came in showing a growth of 0.1%. Although it was not the 0.4% figure predicted, manufacturing production grew from February and was an extreme improvement on the revised -0.9% previously.
VIEW FULL ARTICLEPosted in Daily Market News on May 12 2016 by William Kemp and the Sales Team
Sterling managed to hold levels against both the Euro and the Dollar yesterday amidst uncertainty in the UK economy. The goods trade balance came in as expected at -£11.2bn, consequently there was a muted reaction from the currency market.
VIEW FULL ARTICLEPosted in Daily Market News on May 11 2016 by William Kemp and the Sales Team
There was a lack of tier 1 economic data again yesterday for the UK, leaving Sterling in the hands of market sentiment. Sterling saw strength through the morning, posting gains against both the Dollar and the Euro.
VIEW FULL ARTICLEPosted in Daily Market News on May 10 2016 by William Kemp and the Sales Team
The headline US non-farm payrolls data came in below expectations on Friday, posting a gain of 160k for April which missed the 200k the economists had expected. The unemployment rate held at 5.0% and the participation rate edged slightly lower.
VIEW FULL ARTICLEPosted in Daily Market News on May 9 2016 by William Kemp and the Sales Team
The negative data trend for the UK continued yesterday as April’s services PMI came in at 52.3, down from the 53.7 figure seen for March. This is the weakest services figure for three years, completing the set as all three PMI figures came in weaker for April.
VIEW FULL ARTICLEPosted in Daily Market News on May 6 2016 by Rob Affleck and the Sales Team
The trend of poor economic data from the UK continued yesterday with construction PMI data coming in weaker than expected at 52.0. Underlying fears about the state of the UK’s economy have been further reinforced with the EU referendum looming.
VIEW FULL ARTICLEPosted in Daily Market News on May 5 2016 by William Kemp and the Sales Team
Sterling experienced extreme volatility throughout the day yesterday, reaching 4-month highs against the Dollar before a sharp reverse during the trading session. Poor PMI manufacturing data showed a retraction in the manufacturing sector for April, printing at 49.2 - down from 50.7 for March.
VIEW FULL ARTICLEPosted in Daily Market News on May 4 2016 by William Kemp and the Sales Team
The early May bank holiday meant UK markets closed yesterday. Sterling continued its trend against the Dollar from last week, however, maintaining above 1.4650 throughout the day. Manufacturing PMI data will be released at 9.30am for the UK.
VIEW FULL ARTICLEPosted in Daily Market News on May 3 2016 by William Kemp and the Sales Team
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