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 final reading of Q1 GDP confirmed the UK avoided slipping back into recession as growth was confirmed at 0.3% quarter-on-quarter. However, the detail of the report revealed real disposable incomes fell by 1.7% q-o-q, the largest quarterly fall since Q1 1987, this was offset by a significant drop in...
VIEW FULL ARTICLEAfter all the positive data coming out of the US we now see a little upset with the economy apparently growing a little less than anticipated as tax increases result in less consumer spending. Household expenditure, which accounts for 70% of the economy fell from a rate of 3.4% to...
VIEW FULL ARTICLEAmerican durable goods orders rose more than expected in May with gains in almost all the manufacturing sectors. Total orders rose by 3.6%, compared with expectations of 3.0%. The figures were boosted by a sharp increase in aircraft orders notably Boeing; but leaving out transport components core orders were upbeat...
VIEW FULL ARTICLEThere was evidence of a steady improvement in Germany with the June CES Ifo business climate survey moving ahead. The index rose to 105.9, up from 105.7 in May. This is the second monthly rise and the improvement seems to be largely driven by the business expectations component which points...
VIEW FULL ARTICLEUK Public Sector Net Borrowing showed an improvement in May reporting a deficit of £8.8 billion. This was significantly lower than the expected £12.6bn shortfall and way better than the £15.6bn figure posted in May 2012.
VIEW FULL ARTICLESome positive news as retail sales exceeded expectations in May. The volume of retail sales grew by 2.1% between April and May, much stronger than market forecasts. Much of the improvement was driven by a rebound in food sales after the winter months.
VIEW FULL ARTICLEThe Fed kept its asset purchases unchanged at $85 billion a month noting risks to the economy have now diminished considerably since the financial crisis. This is seen as an important signal that the FOMC will start considering a reduction in the pace of quantitative easing in the near future.
VIEW FULL ARTICLEInflation in the UK was up more than expected in May with consumer prices rising 2.7% from a year earlier. This increase was mainly due to transport costs which increased by 0.4% but RPI inflation also increased to 3.1%, up from 2.9% in April.
VIEW FULL ARTICLEAll rather subdued in the FX markets at the moment. It seems traders are reluctant to take further positions ahead of tomorrow’s key Fed rate meeting when investors will be expecting more clarity on the Fed’s QE policy.
VIEW FULL ARTICLENot a great deal in the way of movement so far this morning although the Dollar seems to be the main focus of interest.
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