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 remained under pressure in early European trading yesterday with a decline below 1.2400 against the Dollar and 1.1710 against the Euro. The latest GfK consumer confidence reading was edged lower to -6 for February from -5, but the Lloyds Business Barometer strengthened to the highest level for 11 months...
VIEW FULL ARTICLEGBP - The British Pound witnessed notable weakness during early this morning in wake of news that UK Prime Minister Theresa May's proposal for another Scottish referendum. The pound fell against all its major peers after The Times reported that U.K.
VIEW FULL ARTICLEThe Pound pushed steadily higher throughout yesterday reaching 1.1870 against the Euro by the evening. Sterling also pushed above 1.2500 against the Dollar with highs above 1.2550 as the currency gained some net support on valuation grounds.
VIEW FULL ARTICLEThe U.K. economy fared a little better than expected in Q4’16, mainly due to manufacturing industry, but annual growth of 1.7% pushed the U.K. below Germany at the top of global growth tables. Thus in a single stroke, the Government's favourite statistic was gone.
VIEW FULL ARTICLEUK Public sector net borrowing (excluding public sector banks) was in surplus by £9.4 billion in January 2017, a £0.3 billion larger surplus than in January 2016; this is the highest January surplus since 2000.
VIEW FULL ARTICLEAgainst the Euro, the Pound regained the 1.1740 area and failed to break 1.2500 against the Dollar managing highs of near 1.2480. Sterling benefitted from a quiet trading day and sentiment that is was a little undervalued.
VIEW FULL ARTICLEUK retail sales data printed notably weaker than expected for the second month running, prompting the Office for National Statistics to comment that the data indicated the first signs of a fall in the underlying trend since December 2013.
VIEW FULL ARTICLEUSD - The Greenback advanced against a group of key currency counterparts on the back of strong US data released overnight. US CPI for the month of January was up 0.6%, with the core data up 0.3% the biggest headline gain since February 2013. U.S.
VIEW FULL ARTICLESterling weakened on the day following inflation data, with the UK currency moving back below its previous highs.
VIEW FULL ARTICLE