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.
Sterling rose against the dollar after a survey showed better-than-expected retail sales in October and bolstered chances of a sustained economic recovery in the UK. Hopes that the UK might be on the road to recovery were boosted by the latest snapshot of high street spending from the CBI (Confederation...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The euro reached its lowest level in almost three weeks amid a growing divide over Europe’s new bailout strategy and data that showed the region’s three year old sovereign debt crisis is weighing on its economy.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The latest US economic growth figures gave the markets some much needed good news to bolster the mood. The pace of GDP growth picked up in Q3 to an annualised rate of 2.0%, accelerating from the 1.3% recorded in the previous quarter.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Unemployment in Spain climbed to a new record high at 25%, a level unseen since the Franco dictatorship ended in the mid-1970s. The figure is a hair below estimates at 25.1% but higher than the previous 24.63%, confirming that the labour market in the Mediterranean country is even farther from...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Britain emerged from recession after strongest quarterly GDP growth in five years. The UK economy grew by 1.0% between July and September, compared with the previous three months. This is more than economists and others had predicted.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Spanish Premier Mariano Rajoy will face increasing pressure to seek European aid as economic activity in Spain shrank for the fifth consecutive quarter. GDP fell by 0.4% in the third quarter, matching the decline seen in Q2.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
In spite of a downbeat assessment of Germany’s economic situation by the nation’s central bank yesterday the Pound has fallen to a fresh five-month low against the Euro. The Bundesbank issued a report which warned investors that economic activity in the giant Teutonic economy may contract slightly during the last...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Slowly but surely, the global economy is witnessing a modest parting of the ways as the United States pulls ahead of a euro zone still shell-shocked by its debt and banking crisis. To be sure, a slew of reports this week will show neither America nor Europe in great shape.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
European Union leaders took a big stride towards establishing a single banking supervisor for the eurozone, agreeing it would enter into force next year, opening the way for the bloc's rescue fund to inject capital directly into ailing banks.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
European leaders begin a two-day EU summit from today, aimed at strengthening ties between the European master-payers and debt-stricken economies, so that the region's debt crisis can be perceived to have a solid 'roadmap' to recovery. EU leaders will also discuss measures to invest more in growth.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
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