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.
European equity markets closed lower yesterday, with the UK’s surprise 0.5% fall in GDP in the fourth quarter helping to sour sentiment. While the ONS estimated that 0.5 percentage points of the drop was related to the cold weather in December, that would still leave the underlying position of the...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
Initially coming under pressure versus the dollar yesterday, the euro spiked higher before the close of the day’s trading, climbing back to near two month highs overnight against the Dollar. Higher eurozone interest rates (on the back of relatively hawkish comments from the ECB’s head Trichet as well as upbeat...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
Last week was a very volatile week for many currencies, especially the Euro which moved almost 4c against the dollar. The collapse of the Irish Government looks to have limited implications for the evolution of the sovereign debt crisis, provided the Finance Bill (which meets the IMF criteria for aid)...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
Yesterday proved to be a fairly volatile day for many currency pairs, amidst a mixture of different releases and developments. The US Dollar traded higher against all of the major currencies on one of those rare days when good data was actually positive for the Dollar.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
After extending its rally to a two month high of $1.35 overnight, the euro’s rebound versus the dollar appears to have run into some resistance as traders look to take profits on recent moves. Risk appetite was also hit by a disappointing earnings report from Goldman Sachs (company earnings, not...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
The major piece of news yesterday for the UK, immediately leaped upon by the wider press in this climate of VAT rises and soaring fuel prices, was the CPI figures that showed inflation coming in higher than expected for December.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
Sterling managed to climb to above 1.60 against the USD this morning based on the inflation figures in the UK which came in at 3.7%, well above the target of 2% and the largest month on month rise since records began.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
A largely positive week thus far for the Euro was furthered yesterday, with a successful outcome to the Portuguese bond sale. A well received auction of government debt underpinned a more confident mood in the markets, boosting US and European equities towards two year highs, and forcing another surge in...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
An easing of Eurozone sovereign debt tensions and a positive start to the US earnings season provided a more supportive environment for risky assets, although the mood in the markets remained fragile ahead of a series of key events.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
The Euro has continued its poor start to the year as fears about the state of Portugal’s finances take hold taking the single currency to a 4 month low against the USD and Sterling. Concerns that Portugal will ask for aid from the EU and IMF were fuelled a board...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
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