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GBP/USD (Cable) is hovering near Wednesday’s low at 1.2440 in the Asian session. Cable is expected to extend its downside journey as geopolitical tensions between the US and China over Taiwan have dampened the overall market mood. China’s retaliation over arms support to Taiwan by the US might result in…

SMEs in the UK have experienced an unprecedented level of change over the past three years. Taking hits from the UK’s exit from the EU (BREXIT), and the Covid-19 pandemic, which both led to supply chain disruption, loss of income, disrupted trading, and even business closures. Although many are fast…

Find out how the major currencies have been performing and what movement we could see in the days ahead with our weekly exchange rate update.   EUR – Euro Undermined by Ukraine War Concerns The Euro opened this week on solid footing, underpinned by a positive Eurozone industrial production release…

After posting a decent recovery bounce overnight Sterling was unable to push on during trading hours as underlying sentiment remained very fragile. This is despite advances in UK equities and gas prices falling to the lowest level for over 3 months. The Pound slumped from 1.1400 against the Dollar to…

Yesterday the euro remained on the defensive as investors pared back their expectations for higher ECB interest rates in 2023 – falling by circa 0.4% versus sterling and the dollar. EUR/USD fell to a new low of $1.016 in the process, before regaining some ground overnight. USD remained in the…

Find out how the major currencies have been performing and what movement we could see in the days ahead with our weekly exchange rate update. EUR – Euro Rocked by ECB’s Forward Guidance The Euro traded in a wide range this week, fluctuating through the first half of the week…

The Euro fell against both the US Dollar and Pound Sterling during the course of yesterday’s ECB June monetary policy press conference delivered by Bank President Christine Lagarde.  The European Central Bank initially sent a clear message of intent in which it signalled a 25 basis point rate hike in…

Currency UK has partnered with Novum Økonomi AS, a Norwegian authorised Accounting Office providing a wide range of services such as business consultancy, accounting and HR. The partnership will allow Currency UK to support Novum’s clients across Europe by providing international payment and risk management solutions.  For over 20 years,…

The Investor Visa was a route for UK citizenship through investment in the British economy. It was suddenly closed for security reasons, without leaving a direct alternative option for cut-off applicants. The Innovator Visa offers an alternative business-related route. An announcement revealed that provisions for investment will become part of…

UK Rising inflation continues to dominate the headlines. Inflation figures are expected to rise over 10%, and Bank of England Chief Economist – Huw Pill commented that the UK’s Central Bank faced its most difficult challenge in 25 years, although he also commented that monetary policy tightening still had a…