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.
Following yesterday’s data release showing CPI in the UK falling to 2.5%, The Bank of England Monetary Policy Committee (MPC) voted unanimously for unchanged asset purchases. The policy-makers were unanimous in voting to keep interest rates on hold at 0.5 percent and the asset purchase total unchanged at 375 billion...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The UK's main inflation rate fell back towards the 2% target in August, reversing the unexpected jump the previous month. Official data from the Office for National Statistics (ONS) showed the Consumer Prices Index (CPI) inflation rate fell to 2.5% last month, down from 2.6% in July.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
After the Fed’s bold move on Thursday, the improvement in investor risk appetite has given fresh impetus to US dollar selling with the greenback reaching multi-month lows against a host of currencies. While the prospect of further policy easing by the Fed was widely expected, it was the open-ended nature...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Alarmed by the chronically weak U.S. economy, the Federal Reserve launched an aggressive new effort on Thursday to boost the market and make borrowing cheaper for years to come. And it made clear it won't stop there and is ready to try other stimulative measures if employment doesn't pick up.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Today market eyes are on the US Fed’s next move where it looks set to launch a third round of unconventional monetary stimulus while signalling that a weak U.S. economy may warrant ultra-low interest rates for at least another three years.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Today’s European session includes two important updates for the Euro debt crisis. The bigger of the two, the German high court’s decision on the ratification of the permanent ESM bailout fund, has already been announced. German Constitutional Court rejected the call to block eurozone rescue funds and fiscal pacts and...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The euro has risen against the US dollar this morning, climbing to a near four-month high after the German Constitutional Court said it would make a ruling on the ESM tomorrow.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Industrial production and manufacturing in the UK rebounded after a fall in June. Industrial production increased by 2.9% in July, the largest month-on-month jump in 25 years. Manufacturing also beat expectations with 3.2% growth in August. These releases come as a welcome boost for Q3 GDP.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The European Central Bank (ECB) unveiled its boldest attempt to stabilise the battered single currency when its president, Mario Draghi, announced an open-ended, unlimited buying of distressed government bonds. He is hoping that ECB intervention in the bond markets will help reduce the borrowing costs of debt-laden countries such as...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
European Central Bank President Mario Draghi faces the most decisive moment of his presidency today when he tries to heal divisions among policy-makers and deliver on his promise to save the euro.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
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