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.
Amidst a fairly quiet day for the markets yesterday, the main story of note came via the mainstream press in an article from the Wall Street Journal. The emergence of a story in the WSJ by Fed watcher Jon Hilsenrath has prompted a deeper correction in the USD’s recent decline...
VIEW FULL ARTICLEThe prospect of additional QE from the Federal Reserve has been the single dominating feature of the last couple of months it seems for the FX markets, with almost every movement attributable at some stage to speculation over the likelihood of the printing presses being wound into action again in...
VIEW FULL ARTICLECurrency markets are a little quieter this morning with many investors cautiously waiting for the details coming out of the meeting of finance ministers from the G20 group in South Korea starting today. There has been some talk about a currency agreement being thrashed out although this seems highly unlikely...
VIEW FULL ARTICLEAs expected, yesterday's Comprehensive Spending Review offered little for financial markets to get their teeth into, even if as a political event it offered another opportunity for coalition opponents to attack the hastier methods of deficit reduction preferred by their party opposites.
VIEW FULL ARTICLEThe intertwining of sport and finance (rightly or wrongly) has been a keenly contested subject ever since the inception of the Premier League back in 1992. And, if it continues to provide more sporting analogies as a framework within which to discuss the vagaries of global economics and foreign exchange...
VIEW FULL ARTICLEThe dollar has, after yet another poor performing week, pulled back a cent against the Euro in trading overnight and into this morning. There was some disappointment on Friday that Federal Reserve Chairman Bernanke didn’t more explicitly allude to the possible size of QE that the FOMC may relaunch, though...
VIEW FULL ARTICLEYesterday saw one of the quietest trading days on the currency markets that we have seen in recent weeks with both GBP/EUR and GBP/USD trading in a range of less than 1 cent. Much of this could be put down to the lack of data out yesterday.
VIEW FULL ARTICLEThe greenback continued to fall yesterday on growing expectations that the US will extend the quantitative easing currently in place when the Fed meets again in early November. The new round of weakness means that the Euro has managed to break through the resistance level at 1.40 managing to get...
VIEW FULL ARTICLEAs the rest of the world remains fixated on the eventual rescue of the San Jose miners, (and nervous rescuees check with Payroll that they remembered to clock on at the start of their shift), the FX markets yesterday evening were studiously pouring over the minutes of the last FOMC...
VIEW FULL ARTICLEThe dollar has managed to claw back some ground versus the euro, with the single currency struggling to hold a break through the $1.40 level. There were reports that automatic sell orders were also pulling the euro back towards $1.38.
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