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.
GBPUK unemployment dropped to 3.8% from 3.9%, a forty-five year low, although the underlying employment increase fell below consensus forecasts at 99,000. Average earnings growth slowed to 3.2% from 3.5% in March while average earnings including bonus slowed to 3.3% from 3.4%.
VIEW FULL ARTICLEGBPThe Bank of England’s (BoE) Deputy Governor Ben Broadbent maintained the party line when stating interest rate increases will be gradual. On the political front, there were no substantial developments but pressure remains for Brexit talks between the government and the Labour Party to be curtailed.
VIEW FULL ARTICLEOpening a business abroad can seem very overwhelming but yet very rewarding. You may have considered this because you have tested a business idea and decided that there is more of a demand for your product or service in another country.
VIEW FULL ARTICLEGBPThe UK's Q1 GDP growth printed inline with forecasts at 0.5% as inventory building continued to provide strong support. Industrial and manufacturing production data beat forecasts with annual increases 1.3% and 2.6% respectively and total business investment posted a 0.5% increase for the quarter.
VIEW FULL ARTICLEGBPBank of England (BoE) member Saunders stated that interest rate increases would not be far or fast and that the neutral interest rate would be around 2.0%. This was in line with what the Monetary Policy Committee stated but only had a slight effect on the market.
VIEW FULL ARTICLEGBPThe Pound had another difficult mornings trading, ceding ground on reports that Brexit talks between the government and the Labour Party were close to collapse. Fragile global risk conditions and concerns over the international growth environment also contributed to negative Sterling sentiment.
VIEW FULL ARTICLEQueens Park Rangers (QPR) is a professional association football club based in West London. The Championship league team have been partnered with Currency UK who are there official global payment partner since 2018.
VIEW FULL ARTICLEGBPThe Pound drifted back down to pre-Bank holiday levels during Tuesday morning, failing to gain support from the markets re-opening. Weaker oil prices and weaker risk appetite globally contributed to the malaise. Brexit talks between the government and the Labour Party resumed and the Prime Minister met with the Chair...
VIEW FULL ARTICLEGBPLast Friday saw UK services PMI move back up into expansionary territory with 50.4 in April, as forecasted. New business had dipped but stronger upward pressure on prices should put it back on track and business sentiment hit a twelve-month high.
VIEW FULL ARTICLEGBPUK PMI construction data edged up to 50.5 in April; just into expansionary territory with the residential sector improving most but overall business confidence remains fragile. As expected the Bank of England (BoE) unanimously voted to hold interest rates at 0.75% and the accompanying statement concluded that domestic demand will...
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