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.
USD Fed speakers added nothing of note from a currency perspective whilst global central bank officials were generally more hawkish in outlook. In this context, there was speculation that the Dollar’s global advantage in terms of growth and yield would fade. This would tend to undermine potential currency support.
VIEW FULL ARTICLEEUR The single currency rallied across the board on Tuesday after European Central Bank (ECB) President Mario Draghi made surprise 're-flationary' comments and hinted the central bank might begin to reduce its stimulus.
VIEW FULL ARTICLEGBP Sterling gained 0.2% against the Dollar and Euro yesterday after Prime Minister Theresa May struck a deal to prop up her minority government. The Conservative’s secured the backing of Northern Ireland's Democratic Unionist Party (DUP) and its ten lawmakers, concluding two weeks of talks since May lost her majority in...
VIEW FULL ARTICLEGBP The British Pound has started the week on a firm note, prompting GBP to extend some gains against the Dollar, pushing the rate towards the mid 1.2700 level.
VIEW FULL ARTICLEGBP The Pound gave back some of the gains made earlier in the week yesterday following the unexpected shift by the Bank of England's chief economist to potentially support a rate hike. While higher rates would give a reason to buy the UK currency, the political situation and Brexit unknowns are...
VIEW FULL ARTICLEGBP A pared-down Queen’s speech revealed that little of the Conservative manifesto will form part of the Government’s goals over the next two years. With the focus squarely on Brexit bills & terrorism, there was little for investors to grumble about. The DUP did not feature.
VIEW FULL ARTICLEGBP The Bank of England’s Mark Carney stated that anaemic wage growth and mixed signals on consumer spending and business investment meant “now was not the time to raise interest rates”. The dovish rhetoric undermined Sterling as it countered speculation triggered by last week’s 5-3 interest rate vote.
VIEW FULL ARTICLEGBP Brexit talks between the UK and remaining EU members formally started yesterday. It has been agreed that the discussion will be split into three areas; financial settlement, citizen rights and other separation issues. Although the tone was friendly on the surface, chief EU negotiator Barnier stated that there would be...
VIEW FULL ARTICLEGBP Friday saw further speculation over a shift in Brexit negotiating stance. There was talk of a possible transitional move to remain in the customs union in order to avoid trade disruption, although such a deal would preclude new trade agreements outside the EU.
VIEW FULL ARTICLEGBP UK retail sales data printed a 1.2% decline for May, more than the forecasted 0.8% decline, with annual sales growth held to 0.9%. Underlying prices rose at the fastest pace since March 2012, reinforcing the Bank of England’s “catch 22” with weaker growth and higher inflation.There was no change to...
VIEW FULL ARTICLE