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 US Dollar continues to pressure both the Euro and the Pound following yesterday’s strong December consumer confidence reading coming in at 96.5, considerably above the expected 93.8. As a consequence, GBPUSD dipped into 1.47 range then slowly consolidated back to low 1.48. A similar trend was apparent against the Euro.
VIEW FULL ARTICLEWe return during “Christmas limbo” - the odd time between Christmas and New Year - with Sterling not too different to how we left it on Christmas Eve. The Dollar remains strong against the Pound as the pair has returned to 1.48 levels, though technical analysts are taking a bearish...
VIEW FULL ARTICLEIn the UK Government borrowing figures were worse than expected in November; £14.2bn, up by £1.3bn compared with November 2014 prompting talk of George Osbourne’s Autumn Statement target of reducing Government borrowing next year being pretty difficult to hit already.
VIEW FULL ARTICLEAs Christmas Day draws ever closer, it would seem that the only thing stirring us is the Euro. The bloc currency has been simmering away, proving just how resilient it is. After a long year of negativity, the once forsaken economy’s woes have either simply been forgotten or the news...
VIEW FULL ARTICLEAs we go into Christmas week, the calendar has few data releases across the board and any price action and market participation is likely to be reduced, although the low volumes could cause some volatility. We’ll see if some sort of Christmas rally can be mustered following what has so...
VIEW FULL ARTICLESterling found itself on the back foot yesterday more or less across the board. This came despite very strong retail sales figures which rose well above expectations for November. The results beat analysts’ best forecasts by a full 2%, with the published reading coming in at an overall 5% for...
VIEW FULL ARTICLEJanet Yellen raised US interest rates last night, for the first time in a decade, by 25bps to 0.5%. Though the market got what it had demanded, Yellen was cautious not to stoke volatility stating “the recovery has come a long way but is not yet complete...even after this increase...
VIEW FULL ARTICLEToday could be the most anticipated Fed meeting of late -the markets are poised for a very possible first rate rise in 10 years. With so much expectation surrounding the hike, any lack of movement may actually cause more volatility for the Dollar across the board.
VIEW FULL ARTICLEWith no top tier data from the UK yesterday, the Pound was left at the mercy of the markets which didn’t bode too well, and resulted in Sterling softening by around 0.6% over the course of yesterday afternoon.
VIEW FULL ARTICLEUS Retail Sales were below expectations on Friday, but showed improvement year-on-year at 0.2%. Excluding auto sales, the performance beat expectations in a month that included Black Friday sales. Trading patterns pushed the Dollar price to 1.5220 over the weekend, but this morning’s opening was little different from Friday, at 1.5150.
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