FX News
Looking to gain that extra insight into the FX markets? Every morning our team hunts down the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
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.
The UK posted some encouraging data with the economy creating an additional 49,000 jobs in October bringing the ILO(International Labour Organisation) unemployment rate down to 7.8% versus the expected 7.9%. However, the optimism was short lived when the governor of the BoE, Mervyn King gave a damning assessment of future...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
British inflation hit a five-month high in October following a rise in university fees and food prices, making it less likely the Bank of England will flag more stimulus when it presents new forecasts tomorrow. The jump in consumer price inflation to 2.7 per cent from 2.2 per cent in...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The euro approached a two-month low against the dollar as European policy makers prepared to meet to seek a plan to maintain Greek solvency and keep the nation in the common currency.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
China's economy strode further along the road of recovery from its slowest growth in three years. As Chinese economic data offered some upbeat news as industrial production and other measures posted an expectations-beating pick-up in October, while consumer-price inflation cooled to a 33-month low, possibly opening the door to more...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The EUR has weakened against the majors this morning amid persistent concerns surrounding the Eurozone economy following downbeat comments from the European Central Bank (ECB) President yesterday and after the European Commission lowered its 2013 economic growth forecast for the region.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
US President Barack Obama has secured a second term at the White House defeating Republican challenger Mitt Romney. Markets reacted with the US dollar weakening on speculation his victory will boost chances that the US will continue with its monetary stimulus polices.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The weakness was spread across the euro zone's major economies, with business activity in the largest market, Germany, also shrivelling at a quicker pace last month. Survey compiler Markit said the latest PMI was consistent with the euro zone economy shrinking at a quarterly rate of around 0.5 percent.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Finance ministers and central bank governors from the world's leading economies have met in Mexico amid growing fears over the global impact of Europe's debt crisis and plans of US to fix its fiscal budget. The leading world economies are urging the US to act decisively to avert a rush...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Just five weeks before the appointment of a new governor, the reviews of the BoE's forecasting capabilities, its liquidity framework and its provision of emergency assistance gave a list of improvements for the institution, which will get far-reaching powers as the country's top financial regulator in 2013.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Euro zone finance ministers made progress on Wednesday on ways to keep Greece afloat, Germany said, as talks between Athens and its foreign lenders near conclusion over reforms it must implement to receive fresh emergency loans.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
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