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.
After yesterday’s relaxing bank holiday the UK’s financial markets are open for business again with news from foreign shores most likely driving developments - with no notably UK economic releases today. That said one story making the headlines here were comments by the FSA chief Hector Sants and the BOE’s...
VIEW FULL ARTICLEThe Euro weakened against both the USD and Sterling during yesterday’s trading, as, rumours and statements regarding the Euro zone debt crises sent jitters through the market. The first rumour was that Spain and Greece were likely to hold snap elections, due to the losses experienced by the ruling socialist...
VIEW FULL ARTICLEYesterdays data releases followed a pattern, which, has been witnessed numerous times recently. Mixed data in the UK, surprises to the upside in Germany and, renewed worries about the Greek debt situation. This mix of data releases led to swings in the currency markets, which saw the Euro briefly strengthen...
VIEW FULL ARTICLEThe Euro was hovering above a two month low against the USD this morning and dropped to its lowest ever level against the CHF. The weakening of the Euro against the safe havens of the USD and CHF indicates that a return of risk sentiment is currently gripping the markets,...
VIEW FULL ARTICLEThe Euro crashed against both the USD and Sterling in Friday afternoons trading, as, concerns over sovereign debt returned to the markets. Norway, suspended a grant of $42m to Greece, because, Athens did not fulfil commitments and may have broken rules relating to the aid.
VIEW FULL ARTICLEUK retail sales, surprised to the upside yesterday with a strong increase of 1.2% in April, against expectations of a 0.9% increase. This was the strongest increase in over a year, however, this is being put down to the recent warm weather, late timing of Easter and the Royal Wedding.
VIEW FULL ARTICLESterling weakened against both the USD and Euro in yesterday’s trading, most likely due to a clouded jobs report and a dovish set of minutes from the MPC.The number of unemployed people in the UK fell from 7.9% to 7.7% in the last quarter, and the number of unemployed 16...
VIEW FULL ARTICLEThe UK CPI Inflation figure, yesterday, came in above market expectations of 4.2% at 4.5%. This led to Sterling strength in the immediate aftermath of the release, this reaction, however, proved to be temporary with Sterling dropping back below the levels seen before the announcement against both the Euro and...
VIEW FULL ARTICLEAfter a week of poor economic data leading to worries about the health of the global economy, Friday provided some respite with US nonfarm payrolls smashing expectations. However, the respite was short-lived as the Euro weakened against the major currencies due to the return of the sovereign debt crisis.
VIEW FULL ARTICLEThe Dollar lost ground against Sterling and the Euro after poor economic data led to concerns about the US economic recovery. US ISM Non Manufacturing came in at 52.8 well below expectations of 57.3. The ADP unemployment figure also came in below expectation with a gain 179,000 private sector jobs,...
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