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.
EUR Eurozone economic sentiment in May dipped marginally to 112.5 from 112.7, although business confidence strengthened and inflation expectations also increased.
VIEW FULL ARTICLEGBP The Pound crashed to a fresh six-month low against the Dollar, falling below the 200-day moving average.
VIEW FULL ARTICLEEUR The Euro continues to suffer after an early rebound yesterday failed to gain momentum. Political uncertainty and thin market liquidity are weighing on the shared currency with investors expected to stay away from the Euro assets as long as chaos lingers.
VIEW FULL ARTICLEHappiness. Philosophers throughout history have deemed happiness the highest human good, and most people’s deepest desire in life is ‘to be happy’. The country a person is born in (or lives in) can have a huge effect on their happiness.
VIEW FULL ARTICLEGBP UK retail sales bucked the trend with a 1.6% increase in April, double the consensus forecast. The year-on-year retail sales strengthened to 1.4% from 1.3% previously. Core data was also stronger than expected and Sterling moved higher following the data, although the ONS cautioned that underlying spending growth had...
VIEW FULL ARTICLEGBP Headline UK CPI inflation data ticked down to 2.4% for April from 2.5%, failing to meet forecasts and pushing any perceived rate hike further into touch. The core rate also fell to 2.1% from 2.3%, below forecasts of 2.2%.
VIEW FULL ARTICLEGBP This morning heralds the first of the week’s UK data, of which the focus will be the CPI figures. Economic growth had gone limp just at the wrong moment, forcing the Bank of England (BoE) out of a widely-anticipated rate hike in May.
VIEW FULL ARTICLEGBP Sterling was unsettled yesterday as rumours of an Autumn General Election, that emerged over the weekend, filtered through the markets. Theresa May has ruled out another Scottish independence referendum but, given Brexit concerns, the unease persisted.
VIEW FULL ARTICLEGBP With no UK economic data on Friday, underlying Dollar gains continued to pressure Sterling to test support near the 1.3450 mark. The Pound failed to sustain the advance on the Euro and closed around the 1.1440 mark.
VIEW FULL ARTICLEGBPSterling moved higher in the early hours of Thursday but quickly lost the gains in the London trading session. The Pound’s rally was instigated by broadsheet headlines that the UK would be willing to stay in the customs union after Brexit.
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