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 fell against the Euro after UK service sector PMI figure fell to 52.2 in September from 53.7 the previous month in August. In addition to the service sector, construction activity has also contracted in Britain for a second straight month in September as business morale held close to its...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Spain may be finally prepared to bite the bullet and request a Euro zone bailout. Spain will possibly request a euro zone bailout for its public finances as early as next weekend but Germany has signalled that it should hold off, recommending the Iberian country to hold out for any...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Eurozone manufacturing Purchasing Managers' Index (PMI) data stood at 46.1 in September , well below the 50 mark indicating contraction. This PMI data is seen as the worst performance in the three months to September, with factories hit by falling demand despite cutting prices.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
European markets responded positively to Spain's plan on budget and reforms .The plan featured on 8.9% cut in government spending in 2013 and increase in sales tax income by EUR 5b to EUR 175b. Also, a new independent budgetary authority would be established to monitor government spending.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Spain's borrowing costs rose on Wednesday following anti-austerity riots in Madrid and news that the country's recession continues to worsen. Riots have now occurred in three of the EU's most troubled nations - Spain, Portugal and Greece - in the wake of government budget and wage cuts at a time of...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Five of the UK's six biggest lenders have signed up to the Funding for Lending Scheme (FLS), designed to stimulate the economy by making cheaper loans available to firms and individuals. HSBC is the only one of the top six not taking part.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Heavily indebted countries face more “painful” austerity measures to get their economies back on an even keel, warned International Monetary Fund (IMF) chief Christine Lagarde. According to her, the eurozone “remains the greatest risk to the global economy today” but action to avert huge fiscal tightening scheduled for next year...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Britons' worries about inflation grew this month, though their view of their future finances was less pessimistic, Markit survey showed today. With the cost of living expectations rising sharply since August, households appear to have become more concerned about the inflation outlook.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Retail sales in the UK fell 0.2% in August as people put off shopping to watch the Olympics, according to the Office for National Statistics (ONS). On balance, retail sales held up well during the summer as shops discounted sharply to lure customers and the decline was mainly driven by...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Germany's private sector shrank for the fifth straight month in September but its services industry saw a modest upturn, indicating that the euro zone's woes are having a relatively limited impact on its largest economy. Markit's composite Purchasing Managers Index (PMI), measuring activity in both manufacturing and services, improved to...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
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