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.
Following the historic defeat last time the withdrawal bill was voted on, MPs are tabling amendments in order to gain enough votes for it to pass and for Britain to have a Brexit Deal.
VIEW FULL ARTICLEGBPThe Brexit Select Committee reiterated that a ‘managed no-deal Brexit’ wouldn’t be a responsible policy for any government, and the Pound gained initially before suffering a price correction later in the day. The EU reiterated that there was no room to change the Withdrawal Agreement and the chances of the...
VIEW FULL ARTICLEGBPUK high street lending data was close to expectations while retailers remained cautious with a CBI survey reading of 0 from -13 the previous month.
VIEW FULL ARTICLEGBPThe Pound failed to attract more buying yesterday morning after Wednesday’s sharp gains created some pressure for a price correction. In parliament, there were renewed doubts that Labour would back amendments specifically ruling out calls for a second referendum.
VIEW FULL ARTICLEGBPThe Pound held steady yesterday with investors swift to buy on dips in price. CBI industrial orders declined to -1 in January, down from 8 previously and confidence weakened at the fastest pace in 30 months.
VIEW FULL ARTICLEGBPUK unemployment fell to a 44-year low of 4.0% in the three months to December, beating the forecast of no change. Employment over the same period showed a robust 141,000 jobs added but there was also over 20,000 added to the jobless claimant count.
VIEW FULL ARTICLEGBPSterling was hampered early on by political speculation ahead of the “Plan B” revelation but managed to claw back some ground on further speculation over efforts to resolve the Northern Ireland issue. Tough EU rhetoric limited potential gains and Sterling dipped to near 1.2830 against the Dollar and 1.1300 against...
VIEW FULL ARTICLEGBPThe latest Bank of England (BoE) credit survey added to unease in the housing sector when it reported that lenders expected a slowdown in demand for housing finance over the next quarter; caused by Brexit uncertainty.
VIEW FULL ARTICLEGBPHeadline UK CPI inflation declined to 2.1% in December, down from November’s 2.3%, and the core rate modestly beat market expectations with 1.9%, up from 1.8%. Bank of England (BoE) Governor Mark Carney stated that the Pound’s current support appeared to indicate that markets were pricing in a lesser risk...
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