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.
Traders have retreated to the side lines today as a barrage of information starts to come through from central banks. The biggest being the FOCM statement coming out of the US, albeit after the European close markets will be trying to interpret the likely outcome.
VIEW FULL ARTICLEEuro-area unemployment remained at a record high in June even as the economy emerged from the longest recession. The rate remained at 12.2 percent last month, which would match the result for May, the highest since records began.
VIEW FULL ARTICLEAlthough Sterling has seen little change against the Dollar, we have seen some support against the Euro this morning ahead of a report that will show mortgage approvals have increased to the most in more than five years.
VIEW FULL ARTICLEDespite the encouraging economic data out of Europe it only stirred a muted response from the markets, with Sterling trading a little down on the Euro yesterday. German business figures came in positive with a consecutive rise over the last three months which saw the Euro advance against the Greenback...
VIEW FULL ARTICLEThe UK GDP figures have now come in and have fallen a little short of market expectations. We see an increase of 0.6% for the second quarter of the year after the 0.3% rise registered in the first quarter.
VIEW FULL ARTICLEIn the UK, the British Chamber of Commerce reported exporting activity is at its highest level since 2007 in the latest sign of a strengthening recovery in the economy. Its trade index rose to 118.2 in the second quarter, up 2.9% on the same period last year.
VIEW FULL ARTICLEThe Dollar weakens on the back of previously owned homes sales figures, which unexpectedly fell in June as rising mortgage rates cooled the rebound in the housing market. The National Association of Realtors reported a 1.2% fall in sales to an annual rate of 5.08 million.
VIEW FULL ARTICLEPortugal's three main parties are still trying to work out how to end the political crisis that broke down and left the country's bailout plan a total mess. Portugal's ruling Social Democrat Party said the coalition government would still press forward even after general talks collapsed.
VIEW FULL ARTICLEExpectations of an economic recovery in the UK were bolstered yesterday as high street spending grew for the second consecutive month. Retail sales rose by 0.2% month-on-month in June, after a 2.1% surge in May. This is the first monthly back-to-back sales growth since July 2012.
VIEW FULL ARTICLEThe market remained pretty uninspired by Bernanke’s speech yesterday afternoon as he simply reiterated his intention to reduce stimulus in the foreseeable. We did see the dollar weaken a little and may see a little more volatility this afternoon when he testifies before Congress.
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