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.
GBPGlobal trends dictated the Pound’s movements on Friday in the absence of any domestic data or stimulus. Whilst the week’s data releases had improved Sterling sentiment, concerns surrounding no-deal Brexit prevented any meaningful rally. The Euro managed highs around 1.1140 against the Pound, but Sterling managed to gain on the...
VIEW FULL ARTICLEGBPThe Pound is resting just above 1.2700, as GBP-USD continues to lift from the week's low of 1.2660. Brexit concerns loom over all other issues for the UK, and constant failure to resolve a hard Brexit scenario could see confidence in the GBP evaporate once again.
VIEW FULL ARTICLEGBPUK consumer prices were unchanged for July, but the effect it had on markets seemed to be accounted for, the news was priced into the market and there was virtually no movement. If anything, the market was underwhelmed and the Pound slipped against the Euro and the Dollar.
VIEW FULL ARTICLEGBPSterling is trading lower around the 1.2720 level against the USD, after falling to 1.2691 overnight. The rate was the lowest seen since June 23 last year, as the market eyes the UK inflation data expected later today.
VIEW FULL ARTICLEGBPSterling is trading marginally higher this morning, at roughly 1.28 against the USD and 1.12 against the EUR ahead of the UK labour market report due later today.
VIEW FULL ARTICLEGBPSterling is seen to be on the delicate side this morning after weakness over the past couple of weeks, which has sent the GBPUSD to a yearly low of around 1.2750 and GBPEUR under the 1.1200 mark.
VIEW FULL ARTICLEGBPThe Pound gave false hopes of ending its run of five consecutive daily losses against the Dollar, with a gain of nearly 0.5% before lunchtime. Following 4 days of losses against the Euro, a 0.3% rally petered out at the same time, but the Pound held its ground in light...
VIEW FULL ARTICLEGBPThe Pound suffered a “no-deal Brexit” selloff right from the starter’s gun yesterday. Between 8am and 11am, Sterling dropped 0.5% against the Dollar and 0.4% against the Euro. The lack of economic data means there is little to distract from the Brexit headlines, following Liam Fox’s comments that we are...
VIEW FULL ARTICLEGBPHalifax house prices rose 1.4% in July, beating consensus forecasts of a 0.2% gain. The annualised house prices printed 3.3%, up from 1.8% in July, suggesting domestic demand could be rising. The Pound was briefly bolstered by the data but was inevitably undermined by Brexit uncertainty.
VIEW FULL ARTICLEGBPThe Pound remained constrained by ongoing political concerns, with Theresa May believing that a Brexit deal is the most likely outcome, before adding that ‘no deal’ was better than a bad deal. Media coverage of preparations for a no-deal scenario continued to unsettle sentiment.
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