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.
Both Sterling and the Euro had a poor day yesterday falling below 1.54 and 1.31 respectively against the US dollar. As we go into the Christmas period is seems like there is less and less positive data out for either region and investors will not want to be holding either...
VIEW FULL ARTICLEWell, the European sovereign debt crisis continues, another day another downgrade. Moody’s are looking at a possible downgrade Portugal as well and Fitch doing the same with Greece moving it below investment grade. This news has further hurt the Euro and well as Sterling to a lesser extent and looks...
VIEW FULL ARTICLESterling rose against a struggling Euro in light trade on Monday as the single currency was hampered by debt worries. Though the Euro is weaker across the board, gains for the pound are limited due to the exposure the UK itself has to the Eurozone.
VIEW FULL ARTICLESterling had a largely indifferent performance yesterday, and indeed the day as a whole for the FX markets was fairly tranquil in comparison to the last few weeks. Retail sales data for the UK were as expected, and all of the data emanating from the US was almost identical to...
VIEW FULL ARTICLEThe pound looks set for an important week this week with inflation, unemployment and retail sales data due out, even as it continues to do fairly well against the single currency. Producer prices output data came in just below 4% year on year for November on Friday, indicating that inflationary...
VIEW FULL ARTICLEThe Dollar’s recent rally appears to have run out of steam. The US government has struck a tentative tax deal with opposition Republicans whereby Obama will partially accede to Republican wishes to extend the Bush government tax cuts – implemented in 2001, worth some $800bn and due to expire December...
VIEW FULL ARTICLEThe USD has made some significant gains against several currencies as Obama’s fellow Democrats questioned his plan to extend tax cuts to all Americans. The concerns caused investors to dump US treasury bonds on fears that low taxes will further worsen the hole in the US deficit and inflation could...
VIEW FULL ARTICLEThe Euro appears to have found temporary reprieve over the last few days against the Dollar. EU finance ministers are continuing their two day meeting today, with markets thus far disappointed at the apparent lack of any concrete plans to quell the ever expanding debt crisis.
VIEW FULL ARTICLEWhat is Purchasing Power Parity?
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