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.
GBPSterling faded throughout the day with political tensions rising and the removal of a key Withdrawal Agreement amendment ramped up the expectation of a substantial defeat. The Pound fell steadily towards 1.2700 against the Dollar and the 1.1180 area against the Euro amid frantic positioning in the market.
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VIEW FULL ARTICLEGBPTheresa May’s speech revealed little new information and an EU letter offering “Northern Irish backstop reassurances” had little impact in swaying political opinion. The Pound was kept afloat on expectations that a ‘no-deal’ Brexit would be blocked by parliament.
VIEW FULL ARTICLEGBPFriday saw further mediocre economic data with November manufacturing production suffering a 1.1% year-on-year decline and the goods trade deficit was wider than expected with at £12.0bn. Construction data beat consensus forecasts and the monthly GDP estimate of 0.2% growth in November beat forecasts of 0.1% growth.
VIEW FULL ARTICLEGBPThe Pound was undermined by fresh political risk following Jeremy Corbyn’s call for a general election and Sterling sentiment dipped. The Brexit Withdrawal Agreement debate continued and despite reports that a couple of MPs have changed stance to back the deal, there was still very strong expectations the deal won’t...
VIEW FULL ARTICLEGBPWith no UK economic data yesterday, Sterling was driven by domestic politics which produced a mixed day. The government suffered another loss on the Brexit vote as the House of Commons voted that the government would need to present a “plan b” within three days if the proposed Brexit deal...
VIEW FULL ARTICLEWhat will make you happier? Retiring in a place where it is always sunny and you can go to the beach regularly? Or somewhere you can huddle up to the fireplace and enjoy a nice warm cuppa? Either way deciding to move abroad can be a huge step once you...
VIEW FULL ARTICLEGBPThe Pound started out well supported yesterday but ebbed as political uncertainty undermined support again with tensions increasing ahead of the restart of parliamentary debate on Brexit. Caution increased around EU assurances on the Northern Irish backstop and markets continued to discount the prospect of Theresa May winning the “meaningful...
VIEW FULL ARTICLEGBPImproved global risk appetite provided some support to Sterling yesterday, as a more positive global trade environment would provide support to the UK economy. Political uncertainty continued to hamper Sterling progress as the government attempted to find a cohesive narrative for the resumption of parliamentary Brexit debate.
VIEW FULL ARTICLEGBPHouse prices declined 0.7% in December according to the Nationwide Index with annual growth of only 0.5%, the slowest since February 2013. Services sector PMI bounced back to 51.2 for December from a 28-month low of 50.4 in November, although underlying activity remained constrained and business confidence as always, sapped...
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