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.
GBP The relative political calm in the aftermath of Article 50 has triggered a further squeeze of GBP shorts positions, and traders are buying Pounds to close the positions. With the Euro under pressure as the market adapted positions for a prolonged period of easy European Central Bank (ECB) policy, the...
VIEW FULL ARTICLEGBPBritain's departure from the European Union (EU) is "an historic moment from which there can be no turning back", Theresa May has said. Article 50 of the Lisbon Treaty gives both sides two years to reach an agreement, so unless the UK and the 27 remaining EU member states agree...
VIEW FULL ARTICLEGBP A letter will be hand-delivered today at 12:30pm BST by Sir Tim Barrow (the UK’s Permanent Representative to the EU in Brussels) to European Council President Donald Tusk. The UK’s letter is unlikely to contain much new information beyond what has already been published by the government, but it’s possible we will...
VIEW FULL ARTICLEThe Pound moved above the 1.2600 mark against the Dollar for the first time in seven weeks, although it was unable to hold above this level. Sterling consolidated near 1.1560 against the Euro.
VIEW FULL ARTICLEGBPThe UK mortgage approvals data printed weaker than expected, but with market attention elsewhere there was no significant impact. The Pound continued to test resistance above the 1.2500 level against the Dollar and was unable to break through the 1.1615 mark versus the Euro.
VIEW FULL ARTICLEGBPSterling remained on the up yesterday against its major rivals going into the publication of the UK retail sales data. The Office for National Statistics released its February retail sales figures yesterday which came out stronger than expected at 1.4% up on the month and up 3.7% on the year.
VIEW FULL ARTICLEGBPThe Bank of England Agents’ summary of business conditions suggested that the UK economy was continuing to grow moderately. Despite a weaker retail sales report there was some evidence of improving investment intentions based on demand growth and uncertainty reducing on economic prospects.
VIEW FULL ARTICLEGBPInflation, as measured by the Office for National Statistics' Consumer Prices Index (CPI), jumped to 2.3% in February - up from 1.8% in January. The increase has pushed the rate above the Bank of England's (BoE) 2% target.
VIEW FULL ARTICLEGBPDowning Street has announced that Theresa May will enact Article 50 by letter to the European Council next Wednesday. In the same briefing a snap general election, aimed at undermining the SNP’s position, has been dismissed.
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