FX News
Looking to gain that extra insight into the FX markets? Every morning our team hunts down the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
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.
GBPYesterday's retail sales report was surprisingly positive with monthly retail sales gains of 1.4% and by 3.6% year-on-year in November. Although the figures are roughly double the forecasts, the ONS commented that shopping habits are tending to move earlier into November as a result of Black Friday and Cyber Monday discounts.
VIEW FULL ARTICLEPosted in Daily Market News on Dec 21 2018 by Rob
GBPSterling remains confined within the 1.2600 Dollar range but has dropped into the 1.1000s against the Euro. UK Consumer price inflation rose just 0.2% in November and the annual CPI dipped to 2.3%, a two-year low. Core inflation also dropped to 1.8% on a yearly basis, meeting forecasts.
VIEW FULL ARTICLEPosted in Daily Market News on Dec 20 2018 by Rob
GBPSterling peaked at a six-day high against the Dollar yesterday morning but the excitement soon petered out and the Euro traded sideways. The market is ignoring Brexit chaos, for now, preferring to wait for today’s UK inflation data and tomorrow’s Bank of England Interest Decision.
VIEW FULL ARTICLEPosted in Daily Market News on Dec 19 2018 by Rob
GBPSterling remained on the back foot yesterday, trading above 1.2600 against the Dollar on wider US weakness and just above 1.1100 on the Euro. Overall, Sterling continues to trade at 20-month lows against the most major currencies as Pound sentiment remains weak.
VIEW FULL ARTICLEPosted in Daily Market News on Dec 18 2018 by Rob
GBPThursday’s Sterling rally finished abruptly on Friday morning following reports that Theresa May had failed to obtain more concessions on the withdrawal deal. With time running out, investors fear a no-deal Brexit and heavy selling pressure resumed throughout the morning.
VIEW FULL ARTICLEPosted in Daily Market News on Dec 17 2018 by Rob
GBPConfidence in the government remained weak following the unconvincing win in Wednesday’s leadership contest and Theresa May stated that the meaningful vote would occur after Christmas but before January 21st. The political deadlock meant Sterling retreated from highs near 1.2680 against the Dollar and 1.1173 against the Euro.
VIEW FULL ARTICLEPosted in Daily Market News on Dec 14 2018 by Rob
GBPSterling initially dipped lower on the confirmation that Theresa May would face a no-confidence vote after the 1922 Committee received the requisite 48 letters from Conservative MPs. The Pound was supported below 1.2500 against the Dollar and gradually regained lost ground while increased confidence in Theresa May winning the vote...
VIEW FULL ARTICLEPosted in Daily Market News on Dec 13 2018 by Rob
GBPUK headline unemployment held at 4.1% but jobless claims printed a larger-than-expected increase at nearly 22,000 for November. Weekly average earnings produced an eight-year high of 3.3%, with average earnings excluding bonuses also at 3.3%, up from 3.2% in October.
VIEW FULL ARTICLEPosted in Daily Market News on Dec 12 2018 by Rob
GBPUK GDP for Quarter 3 printed at 0.4%, in line with consensus forecasts but industrial production data missed forecasts as a decline in auto industry output hurt activity. The data barely registered as political developments dominated.
VIEW FULL ARTICLEPosted in Daily Market News on Dec 11 2018 by Rob
We are pleased to announce that we now have the LKR (Sri Lankan Rupee) and XCD (East Caribbean Dollar). The XCD (East Caribbean Dollar) is used in many countries such as:
VIEW FULL ARTICLEPosted in Personal Resources on Dec 10 2018
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