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.
GBP 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 ARTICLEPosted in Daily Market News on May 21 2018 by Rob Affleck
GBPSterling 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.
VIEW FULL ARTICLEPosted in Daily Market News on May 18 2018 by Rob Affleck
GBP With no market data for the UK, the market’s eyes were swayed to a new, developing Brexit story. Cabinet office minister David Lidington confessed Prime Minister May’s Brexit customs plan had lawyers looking into the legality for trading with the European Union after Brexit.
VIEW FULL ARTICLEPosted in Daily Market News on May 17 2018 by Rob Affleck
GBP Mixed labour market data releases made little impact on the Pound. Average earnings printed 2.9%, a post-August 2015 high and above the rate of inflation. After a decade of real wages being outstripped by inflation, we’re finally bringing home the bacon.
VIEW FULL ARTICLEPosted in Daily Market News on May 16 2018 by Rob Affleck
GBP The Pound made a concerted effort to lift itself from the doldrums and rising UK Gilt yields contributed. Ultimately weak growth concerns, especially for retail spending, constrained the gains. Higher oil prices helped underpin sentiment, but Brexit concerns returned after EU chief negotiator Michel Barnier stated there had been...
VIEW FULL ARTICLEPosted in Daily Market News on May 15 2018 by Rob Affleck
GBPWith Pound sentiment notably fragile after Thursday’s monetary policy decision and the sharp losses suffered, Sterling attempted to find a baseline on Friday. UK bonds edged higher providing modest protection but the Pound was unable to break above the 1.3600 level against the Dollar.
VIEW FULL ARTICLEPosted in Daily Market News on May 14 2018 by Rob Affleck
GBP The first UK data out of the docket yesterday was mixed as industrial production produced a slight 0.1% monthly increase while manufacturing output declined slightly. The trade deficit was wider forecast but Sterling was supported as investors bought Pounds to close short positions.
VIEW FULL ARTICLEPosted in Daily Market News on May 11 2018 by Rob Affleck
GBP A rise in oil prices kept Sterling afloat yesterday with Brent Crude rising to three-year highs while the Dollar was subjected to a wider correction against European and commodity currencies (Ruble, Aussie & Canadian Dollars). The Euro also retreated to lows below 1.1450 before finding some support.
VIEW FULL ARTICLEPosted in Daily Market News on May 10 2018 by Rob Affleck
GBP The Halifax house price index tainted Sterling sentiment just after market open yesterday with a 3.1% decline in April, slashing the annual increase to 2.2% from 2.7%. Ratings agency Fitch also stated that UK household finances pose a risk to growth, reinforcing the underlying negative sentiment.
VIEW FULL ARTICLEPosted in Daily Market News on May 9 2018 by Rob Affleck
GBP The Pound struggled on Friday, unable to make any headway against major currencies. After a brief respite following the US employment data release Sterling reverted to recent form, sliding just below 1.3500 against the Dollar. The Pound also fell beneath a significant technical level, reinforcing negative sentiment.
VIEW FULL ARTICLEPosted in Daily Market News on May 8 2018 by Rob Affleck
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