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 Dollar headed for a sixth monthly loss versus the euro before a U.S. report that economists said will show jobless claims increased, validating the Federal Reserve’s decision to maintain asset purchases. The U.S. currency dropped toward a 13-month low against the euro. U.S.
VIEW FULL ARTICLELoan approvals for house purchase in Britain rose last month to their highest level since January 2012, and net mortgage lending rose by the biggest amount since April, Bank of England figures showed on Wednesday. The data suggests that the central bank's Funding for Lending Scheme - which went into...
VIEW FULL ARTICLEThe pound advanced against the euro, snapping a three-day decline, before a report tomorrow that economists forecast will show U.K. mortgage approvals increased for a sixth month in December. Sterling fell to the weakest level in 13 months versus the common currency yesterday after Mark Carney, who will become governor...
VIEW FULL ARTICLEThe pound depreciated for a third day against the euro, falling to the weakest level in 13 months, after an industry report showed U.K. house prices stagnated in January. Sterling dropped to the lowest in five months versus the dollar.
VIEW FULL ARTICLEQuarter-over-quarter UK GDP slid 0.3% in Q4 2013, compared with 0.9% growth in the previous quarter, according to preliminary data released today by National Statistics. Market consensus pointed to less decline of 0.1%. This is subject to revision but it has already weighed heavily on GBP.
VIEW FULL ARTICLESpanish unemployment rose to a record in the final quarter of 2012 as Prime Minister Mariano Rajoy’s government imposed the deepest budget cuts in the country’s democratic history. The Bank of Spain said separately that the nation’s recession worsened in the fourth quarter due to budget cuts.
VIEW FULL ARTICLEUK Prime Minister David Cameron announced this morning that in the first half of the next parliament a referendum will be held on the UK membership in the European Union. The referendum will take place only after the UK has had a chance to negotiate treaty changes with other EU members.
VIEW FULL ARTICLEBritain’s cold snap disruptions risks leaving Bank of England Governor Mervyn King with the danger of a triple-dip recession just as he counts down his final months in office. Heavy snow affecting most of the country threatens to hurt retail sales and construction after a contraction forecast by economists for the last three months of 2012.
VIEW FULL ARTICLEThe pound was little changed against the dollar after a report showed U.K. house prices rose for the first time in three months in January. Sterling snapped a three-day decline versus the euro after Rightmove Plc said asking prices advanced this month after falling in December.
VIEW FULL ARTICLEJanuary appears to be a bumper month for Spain and some of the euro zone economies most in need of debt financing, with governments and companies flooding the market with bonds that have sold at significantly lower interest rates than just a few months ago.
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