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 GBPUSD pair dropped to a daily low of 1.3333 in the early hours of this morning before recovering its daily losses, fielding near the 1.3370 level.
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VIEW FULL ARTICLEGBP According to the latest report published by GfK (society for consumer research), the UK consumer confidence deteriorated sharply and hit a four-year low in December, exposing further downside risk for 2018. GfK said its key index fell by one point to -13, the lowest since December 2013, and below...
VIEW FULL ARTICLEGBP The Pound is trading around 1.3380 against the US Dollar on market open after peaking at 1.3405 after the US Senate approved major tax reforms. The upbeat tone seen around the Pound is also driven by the reports citing that the UK PM Theresa May and the US President...
VIEW FULL ARTICLEGBP The Pound gained on its recent losses against the Euro and Dollar yesterday, however, commentary from strategists still suggests “sufficient progress” in Brexit negotiations is unlikely to prove a silver bullet for Sterling weakness in the short term.
VIEW FULL ARTICLEGBP Despite the latest Brexit news, where the EU leaders agreed to move to the next phase of negotiations with the UK, the EU indicating that trade negotiations would not start until March 2018 had a negative Sterling impact.
VIEW FULL ARTICLEGBP The latest remarks from the EU Commission Chief Juncker triggered a fresh selling wave around the Pound yesterday. Moreover, the UK Times reported that the Prime Minister Theresa May is expected to back down on Brexit date plan, which will also keep any recovery moves short-lived.
VIEW FULL ARTICLEGBP The Pound traded slightly stronger on the back of the employment data which unveiled average earnings creeping higher to 2.3% excluding bonuses. The GBPUSD is trading up 0.15% at around 1.3430 against the US Dollar following Dollar weakness overnight.
VIEW FULL ARTICLEGBP UK CPI rose by 0.3% in November and the year-on-year rate nudged up to 3.1%, the highest since March 2012. The core rate held at 2.7% which was in line with expectations. The Bank of England had expected a peak in October but this increase will cause some unease...
VIEW FULL ARTICLEGBP Sterling has stabilised today after a weak end to last week. David Davis stated that the UK won't pay the Brexit divorce bill if they fail to reach a trade deal with the EU by March 2019 and kept the British Pound under some selling pressure yesterday.
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