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.
GBPWeaker sentiment meant Sterling drifted steadily lower throughout the day as market unease lingered over the ongoing deadlock in parliament. The DUP’s continued refusal to support the government’s deal has hampered the Pound. Late in the afternoon, the government announced that it would hold another meaningful vote on Friday, covering...
VIEW FULL ARTICLEGBPThe Distributive Trades survey dropped sharply, printing -18 in March, far below forecasts and highlighting short-term pain in the retail and wholesale distribution sectors. The Pound suffered another jittery trading day as political developments dominated sentiment.
VIEW FULL ARTICLEGBPFebruary mortgage approvals fell well below forecasts at 35.3k, down from 39.6k in January, triggering fresh doubts over the housing sector, but the impact was offset by gains in oil prices. Sterling gained on its peers throughout the morning on fresh speculation that ERG group members, notably Rees-Mogg, were starting...
VIEW FULL ARTICLEGBPMonday morning saw more choppy trading for the Pound and an early dip to near 1.3160 against the Dollar. Sterling regained ground on increasing speculation that a third meaningful vote would occur this week, before renewed selling as the US came online after lunch.
VIEW FULL ARTICLEGBPChoppy trading conditions continued but the extension to Article 50 provided some support to the Pound. Speculation of a move towards a ‘softer’ Brexit increased but the clouds of uncertainty remain. Sterling also faced weaker risk appetite and a retreat in oil prices, but the upper lip remained stiff.
VIEW FULL ARTICLEGBPFebruary’s retail sales figures bounced back by 0.4% on the previous month. An unusually warm February contributed to broad-based spending with only food sales dropping. The Bank of England (BoE) held interest rates at 0.75% as expected, and recent data being mixed and Brexit outcome still unknown, this was always...
VIEW FULL ARTICLEGBPHeadline UK consumer price inflation edged up to 1.9%, beating expectations of no change. The core inflation rate, however, nudged down to 1.8% from 1.9% previously. Sterling and Interest Rate Futures were unchanged by the data. The latest CBI industrial survey reported the weakest growth rate since May 2018.
VIEW FULL ARTICLEGBPUK labour market data surprised with a drop in unemployment to a 44-year low of 3.9%, while the employment increases had also out-performed expectations. Annual average earnings growth beat forecasts of a drop when it held at 3.4%, but the jobless claimant count increased.
VIEW FULL ARTICLEGBPThe Pound slipped lower yesterday morning in what looked to be to start of a slow day. The Ulster Unionists made no indication they would accept the Withdrawal Agreement and therefore there was little chance that key Conservative MPs would revert to accepting the deal.
VIEW FULL ARTICLEWe are six weeks into the Queen Park Rangers traineeship programme and we are delighted to see the progress the students have made during their time here. Unemployment is an issue that is faced all around the UK and it cannot be tackled by anyone alone.
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