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 Euro was hovering above a two month low against the USD this morning and dropped to its lowest ever level against the CHF. The weakening of the Euro against the safe havens of the USD and CHF indicates that a return of risk sentiment is currently gripping the markets,...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The Euro crashed against both the USD and Sterling in Friday afternoons trading, as, concerns over sovereign debt returned to the markets. Norway, suspended a grant of $42m to Greece, because, Athens did not fulfil commitments and may have broken rules relating to the aid.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
UK retail sales, surprised to the upside yesterday with a strong increase of 1.2% in April, against expectations of a 0.9% increase. This was the strongest increase in over a year, however, this is being put down to the recent warm weather, late timing of Easter and the Royal Wedding.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Sterling weakened against both the USD and Euro in yesterday’s trading, most likely due to a clouded jobs report and a dovish set of minutes from the MPC.The number of unemployed people in the UK fell from 7.9% to 7.7% in the last quarter, and the number of unemployed 16...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The UK CPI Inflation figure, yesterday, came in above market expectations of 4.2% at 4.5%. This led to Sterling strength in the immediate aftermath of the release, this reaction, however, proved to be temporary with Sterling dropping back below the levels seen before the announcement against both the Euro and...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
After a week of poor economic data leading to worries about the health of the global economy, Friday provided some respite with US nonfarm payrolls smashing expectations. However, the respite was short-lived as the Euro weakened against the major currencies due to the return of the sovereign debt crisis.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The Dollar lost ground against Sterling and the Euro after poor economic data led to concerns about the US economic recovery. US ISM Non Manufacturing came in at 52.8 well below expectations of 57.3. The ADP unemployment figure also came in below expectation with a gain 179,000 private sector jobs,...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The Euro zone periphery remains the biggest threat to the recent Euro strength and Dollar weakness. The Greek government is currently trying to renegotiate the terms of its debt, offering a crack down on tax evasion in exchange for an extension to the term of the emergency rescue package.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
The release of the Monetary Policy Committee (MPC) minutes yesterday saw Sterling weaken rapidly against the Euro; in fact, I was still reading the first word ‘minutes’ on the front page when Sterling dropped off.The sharp drop off in Sterling was due to the MPC minutes revealing a more dovish...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The Euro recovered some of its losses against the Dollar and Sterling yesterday with slightly better than expected PMI Manufacturing Data. There are some signs that the strong expansion seen in Germany is now about to level off, however, with Service sector PMI declining slightly in April.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
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