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.
U.K. government net borrowing figures declined to £12.6 billion for November, down from £13.2 billion the same time last year. The U.K. deficit for the first 3 quarters of 2016/17 also dipped to £59.5 billion from £67.2 billion, due to exports increasing following the cheaper Pound and the government tightening...
VIEW FULL ARTICLETheresa May’s soothing comments that a “transitional” brexit process would be outlined in the New Year helped underpin the Pound somewhat. Sterling still suffered net losses for the day as a result of the Scottish Independence risks, the currency held below 1.2400 against the Dollar.
VIEW FULL ARTICLENicola Sturgeon’s comments on a second Scottish “UK membership” referendum undermined Sterling sentiment yesterday morning, bringing the Pound down to 1.1840 against the Euro and 1.2360 against the Dollar. Theresa May’s comments that the UK could contribute to the EU budget after it leaves the bloc underpinned sentiment slightly and...
VIEW FULL ARTICLEPressure remained persistent for Sterling during Friday’s session dipping below the 1.2400 mark against the Dollar for the first time in December. The latest CBI Industrial data was stronger than expected with a rise to zero from a negative-three reading and production expectations remained strong.
VIEW FULL ARTICLEUK retail sales data hit expectations with a 0.2% monthly increase, but the annualised rate dropped to 5.9% from 7.2% previously as overall spending held firm.
VIEW FULL ARTICLEUS retail sales data printed at 0.1% up in November, missing expectations of a 0.3% gain. Industrial production data also fell short, but PPI data was stronger than expected with a 0.4% increase in headline and core readings.
VIEW FULL ARTICLEThe Pound traded within a tight range yesterday with slightly more than 0.50% between the high and the low against both the US Dollar and the Euro. Yesterday’s UK CPI inflation data showed an increase to 1.2% for November from 0.9% the previous month.
VIEW FULL ARTICLESterling held above 1.2550 against the Dollar and gradually moved higher to peak in the 1.2700 area where there was significant resistance. The Pound was the top performer due to the latest comments from the UK Chancellor of the Exchequer Hammond, who made a case for a ‘Slower Brexit’, and...
VIEW FULL ARTICLEThe UK trade data showed that the deficit narrowed to £9.7 billion for October after record export data, but an upward deficit revision to £13.8 billion for September had reduced confidence in the quality of the data released, and consequently the trade outlook.
VIEW FULL ARTICLEThe European Central Bank (ECB) announced an extension in the bond purchase programme until December 2017. From April 2017 to December 2017 the monthly purchase amount will be cut from EUR 80bn to EUR 60bn. Technical changes were made to the programme including the ability to buy bonds which yield...
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