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.
GBP With no significant UK data releases last Friday, international developments dominated the market. The Pound strengthened to around 1.3150, near 10-month highs against the Dollar, but against the Euro it was unable to sustain the move beyond 1.1235 and settled close to 1.1170.
VIEW FULL ARTICLEGBP The UK CBI retail sales index surged to 22 in July, up from 12 previously, and there was optimism surrounding the outlook for August which provided some reassurance surrounding consumer spending trends. Mixed reports surrounding Brexit talks surfaced yesterday speculating that the next round of talks would be delayed.
VIEW FULL ARTICLEGBP The GBPUSD pair recovered from a daily low of 1.2998 yesterday, now trading near the 1.3130 level. The broad-based USD selling following the Federal reserve rate decision in the States pushed the GBPUSD pair above the 1.31 handle.
VIEW FULL ARTICLEGBP With no tier one UK data, trading activity was muted. This was compounded by the summer holiday season and traders looking for US and Eurozone developments. The parliamentary recess and the fact that Bank of England officials will not be making any comments ahead of next week’s Monetary Policy Committee...
VIEW FULL ARTICLEGBP Last week, Sterling was unable to take advantage of a weak Dollar, settling just below 1.3000 and teasing eight-month lows against the Euro. Overall UK currency sentiment remained weak, with the surprise of last week’s Consumer Price Index (CPI) reading lower than expected knocking confidence.
VIEW FULL ARTICLEGBP UK retail sales data rebounded to beat expectations with a 0.6% gain for June following a revised 1.1% decline the previous month and year-on year growth at 2.9% from 0.9% previously. Warm weather boosted high street trade while the rate of price increases slowed considerably.
VIEW FULL ARTICLEEUR There were no significant Eurozone developments yesterday with the Euro vulnerable to a correction after strong gains, especially with position adjustment in evidence ahead of this afternoon’s European Central Bank (ECB) meeting. The Euro retreated to lows around 1.1510 against the Dollar overnight with some profit taking in evidence, especially...
VIEW FULL ARTICLEGBP Sterling fell against both the Dollar and Euro yesterday after economic data showed inflation in the UK unexpectedly slowing for the first time since October last year, lowering expectations of an interest rate hike this year.
VIEW FULL ARTICLEGBP Sterling peaked just above 1.3100 against the Dollar yesterday for the second trading day in a row, after clawing its way to its highest levels for 10 months. Market participants were cautious as four days of Brexit negotiations began in Brussels.
VIEW FULL ARTICLEGBP The Pound reached its highest point versus the US Dollar in 10 months on Friday, increasing by 1% after economic data further undermined expectations for more interest rate hikes in the US. After a bad start to last week driven by poor British economic numbers, the Pound is now up...
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