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.
UK house price growth has been hampered by a lack of construction activity; annualised growth slowed to 5.3% in September, from 5.6% in August. The latest consumer confidence data printed better than expected at -1, no worse than before the EU referendum.
VIEW FULL ARTICLEYesterday was relatively quiet for the Pound - it was trading within 25 pips either side of 1.1600 against the Euro and within 30 pips of 1.3020 versus the Dollar.
VIEW FULL ARTICLEThe latest UK CBI retail sales survey printed below expectations with a net balance of -8 for September, down from 9 the previous month. There was a small increase in the latest CEBR consumer confidence reading with respondents noting that they had more positive expectations of their household finances.
VIEW FULL ARTICLEYesterday morning Sterling fell to 1.2920 against the Dollar and 1.1470 against the Euro, continuing the Pound sell off that started on Friday. The latest BBA mortgage approvals data was slightly weaker than expected with a decline to 37,000 in August from the previous month’s 37,700 - the lowest reading...
VIEW FULL ARTICLEBrexit talks pushed Sterling below the 1.3000 level against the Greenback on Friday, with Cable (GBPUSD) plunging as far as 1.2914 - its lowest level in five weeks.
VIEW FULL ARTICLESterling recovered some ground against the Dollar yesterday, rising by 0.6 percent on the day to trade at just over the 1.3100 level. CBI UK Industrial Orders data printed in line with expectations and unchanged from the last month.
VIEW FULL ARTICLEOvernight the Federal Reserve Interest rate remained at 0.5% causing the Dollar to fall on the announcement. The Fed commented that the Labor market had improved along with consumer spending remaining strong. Inflation was the key factor in why the rates were not hiked as Janet Yellen stated in that...
VIEW FULL ARTICLEUS housing data flew under the radar with this evening’s Interest Rate Decision being the main focus. US Building permits in August missed targets at 1.170M, printing in lower at 1.139M. August Housing starts as figures missed expectations by a long way, printing at 1.142M.
VIEW FULL ARTICLEFinancial markets are steeped in soporific stasis and seem unwilling to wake up until Wednesday when the Bank of Japan and the Federal Reserve release their latest monetary policy decisions.
VIEW FULL ARTICLEThe dovish tone of Thursday’s Bank of England monetary policy decision weighed Sterling down on Friday. The Pound dropped to test the 1.3000 level against the dollar for the first time in four weeks and slumped to three-week lows of 1.1655 against the Euro by close of play.
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