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.
GBPPolitical tensions continue to constrain Sterling although volatility yesterday was low by recent standards. David Davis, former Brexit Secretary, commented that he did not expect a leadership challenge to Theresa May but intense speculation surrounding the number of votes needed to trigger a challenge remained.
VIEW FULL ARTICLEGBPFriday saw political tensions simmering, dominating market sentiment, but never managed to boil over. Sterling gained some relief from a lack of further ministerial resignations; Michael Gove remained in office but declined the role of Brexit Secretary.
VIEW FULL ARTICLEGBPSterling fell across the board as the apparent cabinet support for Theresa May's Brexit deal dissolved into flames. From Wednesday's highs generated by cabinet backing for the draft Brexit agreement, the day started with a string of ministerial resignations starting with Brexit Secretary Dominic Raab, then Esther McVey, followed by...
VIEW FULL ARTICLEGBPUK consumer price inflation increased by 0.1% in October and the annualised rate held at 2.4%; just shy of forecasts of 2.5% and the core rate held at 1.9% and met market expectations. The Pound ebbed lower as missing the forecast on headline CPI increased speculation of a delay to...
VIEW FULL ARTICLEGBPSterling spiked last night over reports that the Irish backstop issue had been resolved and that the technical withdrawal agreement had been agreed. Sterling rose to a high on the market just shy of 1.1550 against the Euro (an eight-month high) and above 1.3030 against the Dollar.
VIEW FULL ARTICLECurrency UK welcomes FTT Global customers to its family. Currency UK and FTT Global are now one brand under Currency UK. Bringing together the FinTech expertise of FTT Global and telephone-led brokerage of Currency UK, the two brands will now charge forward as one.
VIEW FULL ARTICLEGBPThe Bank of England’s Deputy Governor Ben Broadbent stated that fourth-quarter GDP figures were likely to show slower growth although wage growth is materially higher and there are signs of domestic inflationary pressures now. He added that gradual rate increases did not necessarily mean one hike per year and that...
VIEW FULL ARTICLEGBPUK Q3 GDP data printed a 0.6% increase and the year-on-year increase was 1.5%, both, meeting consensus forecasts. Construction data printed above expectations, but investment declined. The UK trade deficit narrowed to a seven-month low but the underlying opposition to the UK government’s Brexit plan meant the Pound was unable...
VIEW FULL ARTICLEGBPBrexit rumours and reports slowed up yesterday but sources continued to suggest a Cabinet meeting might materialise on Monday. A potential sticking point would be EU insistence that the UK would have to accept a backstop with no escape clause or any future trade deal would demand lasting Customs Union membership.
VIEW FULL ARTICLEGBPWednesday started well for the Pound with initial gains on further rumours that negotiators were close to reaching a Brexit deal. The recent gains did provide an opportunity for a correction and retreat from 1.3175 on the Dollar and a key technical level of 1.1467 against the Euro gave rise...
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