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.
Sterling showed some positivity yesterday; the UK economy grew by 0.5% in the three months to the end of December, pushing the annual growth rate for 2015 to 2.2%. This means that despite recent negative sentiment, the UK is still one of the fastest growing developed nations.
VIEW FULL ARTICLEOvernight, the U.S. Dollar weakened versus other major currencies after the Federal Reserve kept interest rates unchanged at 0.25-0.50%. The Fed said it was "closely monitoring" global economic and financial developments, but maintained an otherwise upbeat view of the U.S. economy.
VIEW FULL ARTICLESterling managed small gains versus the Dollar and Euro despite Mark Carney again ruling out an early rise in interest rates from 0.5%, where they have been stuck since the financial crisis. He was asked if the decision by the US to start tightening monetary policy in December was cause...
VIEW FULL ARTICLELast night the European Central Bank’s (ECB) Mario Draghi spoke on the uncertain 2016 global outlook, and the challenge to ensure that headwinds from it do not blow the European recovery off course. He said the ECB is doing its part to secure a cyclical recovery by fulfilling its price...
VIEW FULL ARTICLEWe saw a choppy end to last week and we can expect further volatility this week as the markets struggle to get a clearer view of where the majors are heading. Wednesday’s Fed meeting on monetary policy will be the key event.
VIEW FULL ARTICLEAs expected there were no changes to monetary policy by Mario Draghi at yesterday’s meeting, though he did hint at tweaking the current quantitative easing programme at the central bank’s March meeting. In the press conference, Draghi referenced the downside risk of current global conditions since the start of 2016.
VIEW FULL ARTICLEYesterday’s publication of the UK unemployment rate showed that it had fallen to its lowest rate in more than a decade: 5.1%, but wage growth without bonuses has slowed to 1.9%. This provides temporary relief to Sterling prices but the uncertainty surrounding the “Brexit” remains for now.
VIEW FULL ARTICLEMark Carney has spoken and made it clear that the UK are nowhere near ready for a rate rise. Originally, he had mentioned that the decision on interest rates would come into contention at the turn of the year, but with volatility in China, depreciation in oil prices and poor...
VIEW FULL ARTICLEUK Inflation data is in focus today, alongside Producer Price Index and Retail Price Index data this morning. Core inflation is expected to be unchanged at 1.2% (year-on-year), while the headline figure is expected to be 0.2% for the month of December, which is no real change compared to the...
VIEW FULL ARTICLESterling is likely to face further headwinds going into this week and to continue to decline from earlier this month should the fundamental developments coming out of the UK weigh on interest rate expectations. Consumer Price Index due on Tuesday is expected to show a reading of 0.2% in December,...
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