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.
UK lending data showed an overall increase of GBP4.9bn for October from the previous GBP4.7bn. Consumer credit also highlighted an increase in the overall pace of borrowing, now at 11-year highs. Sterling managed to break the 1.2500 level against the Dollar again before edging lower as month-end selling pressure started...
VIEW FULL ARTICLEThe Pound was unable to retain momentum after breaking through 1.2530 against the Dollar. The UK currency fell by a cent but held above 1.2400. The Euro broke below 1.1700 against the Pound as Sterling suffered some month-end selling.
VIEW FULL ARTICLEFriday’s Final UK Q3 GDP reading printed in line with estimates, showing growth of 0.5 percent while the annual increase was unchanged at 2.3 percent. Investment data beat expectations with a 0.9 percent quarterly gain indicating that Brexit has not, so far, harmed investment.
VIEW FULL ARTICLESterling gained support yesterday as expectations of better (short-term) economic performance offset the caution surrounding the longer-term outlook. BBA mortgage approvals data printed just above consensus with an increase to 40,900 for October from an upwardly-revised 38,700 the previous month.
VIEW FULL ARTICLEChancellor Philip Hammond delivered a spending boost targeted at improving the UK’s chronic productivity deficit in his inaugural Autumn Statement yesterday. Overall the markets responded positively to business friendly incentives; investment in roads and rail, internet infrastructure, research and development and housing.
VIEW FULL ARTICLEThe Pound slipped after public sector borrowing figures were published yesterday. In mid-morning trade Sterling was down 0.39% against the Dollar at 1.2384 and down 0.42% against the Euro at 1.1661. Despite borrowing figures for October printing lower than expected, it now looks increasingly unlikely that the government will meet...
VIEW FULL ARTICLETheresa May stated yesterday that the government is trying to avoid a sudden ‘cliff edge’ change in rules once the UK leaves the EU, and would aim for a transitional deal in the interim. The comments curbed expectations that there would be a ‘hard’ Brexit with optimism surrounding transitional arrangements.
VIEW FULL ARTICLESterling stumbled against the Euro last Friday, falling 1.1% from a mid-morning peak of 1.1724 to 1.1593 by 1pm, before recovering to 1.1646. GBPUSD showed much the same story, falling from 1.2430 to 1.2304 by the end of the day.
VIEW FULL ARTICLEThe UK retail sales data beat expectations with a 1.9% increase for October which pushed the annual increase to 7.4% - the strongest annual rate since 2002. The data is likely to have been distorted by seasonal factors, but it did reinforce confidence in the near-term UK growth outlook which...
VIEW FULL ARTICLEUK unemployment rates have fallen to 11-year lows of 4.8%. Nonetheless, there are signs that the labour market might be cooling, with employment growth slowing and an increase of 9,800 in the claimant count. Accumulated earnings growth remained at 2.3% with no significant inflation implications for now as short-term price...
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