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 Andy Haldane, the BoE’s Chief Economist stated that there was no slack in the UK economy if growth continued at the current pace, further interest rate increases would be necessary. Brexit tensions persisted ahead of next week’s Tory party conference and EU officials confirmed that the EU is prepared for...
VIEW FULL ARTICLEGBP The Bank of England’s Gertjan Vlieghe’s speech was largely in line with the Central Bank’s recent monetary policy statement. His view that one or two rate hikes a year will probably be required, and that it is possible for the Asset Purchase scheme to be unwound with minimal market...
VIEW FULL ARTICLEGBP Dominic Raab, Brexit Secretary, tried to instill confidence in a Brexit deal being done and that last week’s Salzburg Summit should be overlooked. New Labour Party proposals and a new Brexit blueprint from the The Institute of Economic Affairs, supported by many leading Brexiteer MPs, only added to political confusion...
VIEW FULL ARTICLEGBPSterling sentiment suffered throughout Friday following the Salzburg Summit and rumours of a major statement by Theresa May meant the Pound gradually lost ground. The Prime Minister May was terse in stating the Brexit negotiations were at an impasse (on the Irish Border) and called on the EU to make...
VIEW FULL ARTICLEGBPSterling flew out of the traps on the release of the UK retail sales data. Sales volumes increased 0.3% in August, significantly above the forecasted decline of 0.1%. Annual growth printed at 3.3%, with July’s figure revised up to 3.8%.
VIEW FULL ARTICLEGBPBank of England Chief Economist Andy Haldane commented that there has a been a recent surge in business concerns about Brexit and uncertainty; and Sterling dipped briefly. UK inflation data reversed the move within the hour. Headline consumer inflation increased to a six-month high of 2.7%, beating forecasts of 2.5%.
VIEW FULL ARTICLEGBPUK Brexit Secretary Dominic Raab stated that the UK could see no alternative to the proposed Irish border, but that the government was open to fresh suggestions. UK 10-year government bond yields increased to 3-month highs, supporting the Pound, although higher US and German bond yields offset the move.
VIEW FULL ARTICLEGBPChristine Lagarde, Managing Director of the IMF, warned of important negative consequences of a ‘no-deal’ Brexit. Elsewhere, optimism rose on reports that the EU was prepared to be more flexible on the Irish border issue. Germany and Austria were reported as being “determined to avoid a ‘no-deal’ Brexit”, raising expectations...
VIEW FULL ARTICLEWe know that Christmas can be one of those bittersweet holidays for expats. As much as you may want to go home, sometimes that’s just not possible - be it for financial reasons, or due to work commitments. Fret not, however, as Team Currency UK have got your back.
VIEW FULL ARTICLEGBPAmid renewed Brexit optimism, Sterling managed a peak of 1.3143 against the Dollar, but fell away after reports indicating indicating that Labour is set to vote against the “Chequers' Brexit deal”. Theresa May will need considerable Conservative support to fend off opposition to her vision and also to remain in...
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