FX News
Looking to gain that extra insight into the FX markets? Every morning our team hunts down the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
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.
GBPSterling benefitted from a boost to positive sentiment with Brexit Minister David Davis discussing the Brexit negotiation progress in an upbeat tone, although there were still important underlying uncertainties. Even EU Chief Negotiator Michel Barnier commented that there had been some UK clarity on certain points, but that they were...
VIEW FULL ARTICLEPosted in Daily Market News on Sep 29 2017 by Rob Affleck
GBP The GBPUSD pair clocked a high of 1.3409 after the Bank of England's (BoE) Haldane said a rate hike would be good news. However, gains were short-lived and the currency pair drifted lower to 1.3388 levels.
VIEW FULL ARTICLEPosted in Daily Market News on Sep 28 2017 by Rob Affleck
GBP Theresa May and Donald Tusk concluded that Brexit negotiations are currently not ready for the next stage as sufficient progress has not yet been made.
VIEW FULL ARTICLEPosted in Daily Market News on Sep 27 2017 by Charlie Beardall
Market challenges are part of the daily routine for businesses today. For many corporations, growth usually means expanding overseas by targeting foreign markets, or moving manufacturers, or using foreign suppliers. This usually brings a wealth of brand new challenges for corporate financial teams. Relationships with banks need to be established,...
VIEW FULL ARTICLEPosted in Business Resources on Sep 26 2017 by Rob Affleck
GBP Merkel’s difficult task of forming a German coalition weighed on the Euro yesterday, with levels above 1.1360 being tested by the Pound. Some hopes of greater progress in the latest round of Brexit talks in Brussels also helped underpin sentiment, although there were no substantive comments at the end...
VIEW FULL ARTICLEPosted in Daily Market News on Sep 26 2017 by Rob Affleck
GBP September’s UK CBI industrial orders index declined to 7, down from 13 in August and, although solid growth continued, there was some evidence of a slowdown which will maintain doubts over the potential for sustained export-led growth.
VIEW FULL ARTICLEPosted in Daily Market News on Sep 25 2017 by Rob Affleck
GBP UK government borrowing data printed the lowest August reading for 10 years, continuing a trend of lower borrowing this calendar year. There was a solid increase in tax revenue while spending growth was subdued which helped underpin confidence in the growth outlook.
VIEW FULL ARTICLEPosted in Daily Market News on Sep 22 2017 by Rob Affleck
USD The Fed’s message last night was hawkish. Expectations were met as the US central bank announced the balance sheet normalisation process will begin in October (reversing the quantitative easing investments). The Fed will be winding down by $10 billion per month in a mix of both Treasuries and Mortgage-Backed...
VIEW FULL ARTICLEPosted in Daily Market News on Sep 21 2017 by Rob Affleck
The financial sector is rapidly evolving and technology is substantially transforming the industry, disrupting established players and new entrants alike. A recent survey suggested that half of consumers now use money transfer and payment services and this is set to rise, pushing digital to the top of the agenda.As artificial...
VIEW FULL ARTICLEPosted in Business Resources on Sep 20 2017 by Quarina Sultana
GBP In the UK, the routinely volatile retail sales data for August is due out today. The market will look for signs of whether private consumption growth remains weak due to the negative real wage growth and lower consumer confidence.
VIEW FULL ARTICLEPosted in Daily Market News on Sep 20 2017 by Rob Affleck
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