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.
On Friday, Sterling had something of an uneventful day in terms of price action despite UK GDP coming in in-line with analysts’ best forecasts for the third quarter of 2015. There was a rally for the Pound.
VIEW FULL ARTICLEIt might, at a glance, appear that yesterday was a data-less trading session. Whilst that might be technically correct, there was still a lot going on. Euro stocks (except VW) were in high demand after Reuters reported details of the possible form of further easing from the European Central Bank...
VIEW FULL ARTICLEData from Europe was fairly light on the ground yesterday and as a result, the single currency was a victim of losses versus its most traded counterparts due to rumors that the European Central Bank (ECB) could undertake unconventional monetary easing measures.
VIEW FULL ARTICLEBank of England Governor Mark Carney may have raised a few eyebrows yesterday during his press conference which followed the inflation hearings yesterday. Mr Carney went on record to say that the much anticipated rate hike will be over a “period of time”.
VIEW FULL ARTICLEYesterday’s European trading session kicked off with manufacturing and services PMI reports beating expectations, with the manufacturing reading coming in at 52.8 versus a 52.3 consensus and the services reading printing at 54.6 versus a 54.2 consensus.
VIEW FULL ARTICLEThe single currency weakened against the Greenback on Friday amid growing expectations of further stimulus measures from the European Central Bank (ECB). Its President, Mario Draghi, stated that “ECB monetary policy measures have clearly worked; growth momentum remains weak and inflation remains well below our objective of below, but close...
VIEW FULL ARTICLEThe Euro had a choppy trading day yesterday as the minutes of the latest European Central Bank Monetary Policy Accounts meeting were released. Versus Sterling, a positive move dumbfounded most traders as it would seem that the bloc currency didn’t have many grounds on which to erase some of the...
VIEW FULL ARTICLEAfter Monday’s big dollar-bullish move, the foreign exchange market has been relatively mixed since, mirroring the uncertainty traders are feeling toward future Federal Reserve policy. Yesterday the Fed’s Lockhart affirmed his view that the FOMC should begin the process of normalisation with conditions now relatively settled.
VIEW FULL ARTICLECore US inflation turned positive today as the Consumer Price Index ticked up to 0.2%, Core Inflation (excluding food and automobiles) remains at a healthy 1.9% which is almost in line with the target of the Federal Reserve, raising the likelihood of an interest rate hike in December.
VIEW FULL ARTICLEThe Euro was remarkably resilient in the wake of Friday’s atrocities in Paris, sadly indicating that the markets are getting used to events like this. Whilst there was some price movement, the Consumer Price Index (CPI) figures made less of an impact than usual despite showing a small improvement.
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