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.
Preliminary retail sales in Germany released this morning show a surprise fall of 0.3% in retail sales for December. The EU’s largest economy had been expected to post a 1.9% increase compared to the previous month.
VIEW FULL ARTICLEUndoubtedly today’s events will be dominated by the release of the US GDP figures. Consensus forecasts expect annualised growth of 3.5% with any substantial deviation from this figure having the potential to cause USD volatility with other major currencies.
VIEW FULL ARTICLESterling has managed to claw back some of the losses it made following the shocking GDP data on Tuesday. This was helped on part by the release of the minutes from the last Bank of England policy decision which showed another member had joined Andrew Sentance in calling for a...
VIEW FULL ARTICLEEuropean 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 ARTICLEInitially 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 ARTICLELast 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 ARTICLEYesterday 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 ARTICLEAfter 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 ARTICLEThe 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.
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