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 saw a second consecutive day of gains yesterday, rising 1.21% against the Dollar through the European trading session. Talks at the EU Leaders’ Summit revealed that the UK may take longer than expected to leave the Union, and that the only way the UK could gain access to the...
VIEW FULL ARTICLEYesterday saw the first day of Sterling gains post-EU referendum. GBPUSD almost broke 1.3400 but failed to sustain momentum, falling back below the 1.3300 threshold. Political uncertainty and the economic implications of the UK's decision to leave the European Union is weighing on investor sentiment and restraining any sharp recovery...
VIEW FULL ARTICLEThe Sterling sell off continued on Monday as the uncertainty surrounding the political stability of the UK has clearly panicked investors. The Pound fell to fresh lows against the Dollar as the negative sentiment caused the pair to break below the 1.3150 level.
VIEW FULL ARTICLEThe Pound plunged to a 31-year low on Friday, reflecting the deeply bearish mood surrounding the currency after Britain voted to leave the European Union on Thursday. Cable (GBPUSD) fell over 13% in the early hours of Friday after the initial shock of the results.
VIEW FULL ARTICLEAfter a confusing and bitter campaigning period the majority of UK voters have elected to leave the European Union. Sterling surged to 1.4940 against the Dollar yesterday as the final IPSOS Mori poll printed a slender lead for the remain camp.
VIEW FULL ARTICLEYesterday saw minimal Sterling volumes traded just one day before the EU referendum. The market continued to price in a vote to remain despite two key polls showing a slight lead for the ‘leave’ camp. This meant GBPUSD steadied around 1.4700 and GBPEUR maintained above 1.3000 throughout the day.
VIEW FULL ARTICLESterling reached its strongest level of 2016 against the Dollar yesterday as Cable peaked at 1.4780. This was thanks to the markets pricing in an increased chance of a “remain” vote tomorrow and public sector borrowing data printing better than expected.
VIEW FULL ARTICLEYesterday saw volatility abound in the currency markets. As EU referendum campaigns recommenced, opinions on the EU referendum seem to have shifted towards a vote to stay.
VIEW FULL ARTICLEThe tragic news of Labour MP Jo Cox took centre stage on Friday and all EU referendum campaigning was suspended until Sunday. Sterling consequently benefitted from a break from Brexit-related news and the resultant change in sentiment. Sunday saw the release of the polls that were due for publication on Friday.
VIEW FULL ARTICLEThere were no changes in UK interest rates yesterday as expected, however Sterling failed to take this opportunity to recover. The newest IPSOS Mori poll shows a lead of 6% for the ‘Leave’ camp. This is significant because the previous IPSOS Mori poll printed an 18% lead for the ‘Stay’...
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