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 Pound has plummeted across the board hammered by Bank of England's decision to increase its Bonds purchase program to GBP 275 billion, from previous GBP 200 billion. GBP/USD has dropped almost 200 pips reaching fresh one-year lows at 1.5285, while the GBP/JPY dropped from 118.50 to 117.15, and the GBP/EUR fell...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
European finance ministers last night agreed to safeguard Euro zone banks from the region’s worsening debt crisis. The assumption is that the European Financial Stability Fund (EFSF) will be used to lend funds to struggling banks.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The US ISM manufacturing index came in at 51.6 for September - a full point higher than both the August number and the consensus expectations. The data revealed that employment, production and new export orders all rose.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
After the worst quarter since the collapse of Lehman Brothers, equity markets welcomed the fourth quarter by continuing to fall. The Nikkei fell by 1.8% despite a slightly stronger than expected Tankan survey. Even an improvement in the Chinese non-manufacturing PMI from 57.6 to 59.3 failed to help sentiment as...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Angela Merkel should have been waking up this morning to beautiful sunshine and headlines stating that she had saved the Euro. Unfortunately, that would have been the case back in July when the initial proposal for increasing the EFSF was announced, but that was before Spain and Italy were dragged...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Hope has this morning evaporated that the Euro zone is close to finding a solution to the Sovereign debt crisis. Yesterday, I commented on speculation that there would be a three pronged attack involving the ECB, EFSF and Private Bond Holders.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Overnight, rumours have increased that the Euro zone debt crisis will be overcome through a three pronged attack from the ECB, Greece and the European Financial Stability Fund (EFSF). ECB statements on Monday that they were keeping their options open for a rate cut, has been met with speculation that...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The meeting of G20 finance ministers and the IMF over the weekend has failed to calm market nerves over the Euro zone debt crisis. Euro zone nations talked of increasing the €440bn rescue fund with a figure of €2 trillion being suggested.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Whilst shaving this morning some of the headlines which were rolling off the Radio were ‘the end of the world’, ‘dangerous times’, ‘a return to military rule’ and finally my favourite ‘apocalyptic’, which in its very meaning suggests the end of the World, or at least an imminent disaster.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The Bank of England decided unanimously to leave its Bank rate at 0.5% all time low, according to the minutes of the latest monetary policy meeting, that also showed an increasing consensus on the need for more quantitative easing as the Bank observes weaker growth in the second half of...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
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