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 UK Net Lending growth met consensus expectations of £5.5bn for September from a revised £5.7bn the previous month with mortgage approvals also in line with expectations. Underlying credit demand still appears firm, which underpinned Sterling to some extent, although consumer confidence fell modestly for October.
VIEW FULL ARTICLEGBP There was a lack of UK economic data or developments on Friday but Sterling/Euro yield spreads widened to a 10-year high supported a Sterling lift higher to break the 1.1300 level. The Pound declined to lows around 1.3070 against the Dollar, the weakest level for three weeks, before recovering...
VIEW FULL ARTICLEGBP Sterling reversed most of yesterday's gains and extended its decline following the afternoon close. The downward move appears incomplete and further weakness towards last week’s low near 1.3085 against the Dollar seems likely. However, a move back above 1.3190 would indicate that the current weakness has stabilised.
VIEW FULL ARTICLESpeed is everything in today’s tech-driven business world. In an attempt to increase the pace even more, some business leaders are discarding face-to-face meetings in favour of the latest technology solutions. But this prioritization of speed over in-person meetings severely diminishes the power of human interaction and the value of...
VIEW FULL ARTICLEGBP Sterling derived support in a respite from negative Brexit news yesterday, with the help of forecast-beating Q3 Gross Domestic Product (GDP) figures, which increased speculation surrounding a Bank of England (BoE) rate hike at the November meeting.
VIEW FULL ARTICLEGBP Sterling extended its overnight bearish consolidative mode into the early morning trading session against the Dollar, with 1.3080 the next target in sight ahead of the UK Q3 GDP release. Overall, Sterling is expected to stay under pressure in the coming days unless it can reclaim 1.3230.
VIEW FULL ARTICLEGBP Sterling remained above 1.3200 handle in the early morning session but the bullish move struggled to gather momentum against the Dollar.
VIEW FULL ARTICLEGBP Sterling dropped to a low of 1.3087 before a sharp move higher to 1.3201 against the Dollar. While the rapid up-move appear to be getting ahead of itself, a move towards 1.3220 would not be surprising.
VIEW FULL ARTICLEBrexit negotiations have been underway for some time now and the topic has become a permanent feature of the news.
VIEW FULL ARTICLEGBP UK retail sales data fell significantly short of expectations with a headline 0.8% decline for September following a revised 0.9% gain the previous month. YoY growth slowed considerably to a four-year low of 1.2% from 2.3%.
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