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 Brexit headlines continue to strike the UK currency. The EU's chief negotiator, Michel Barnier, stated how there are there still ‘’significant points of disagreement’’, placing the Pound under pressure as it raises questions over whether a divorce deal and an agreement on post-Brexit transition will happen in time.
VIEW FULL ARTICLEGBP January’s UK mortgage lending printed stronger than expected, approvals increased to 40,100 from 36,100 in December, although annually there was still a significant decline. Further, from the same data from UK Finance reported the first decline in annual consumer credit; the series started in April 2017.
VIEW FULL ARTICLEGBP In an interview with the Sunday Times, Bank of England Deputy Governor Dave Ramsden stated that weakness and uncertainty surrounding productivity growth is a key consideration when setting policy while Brexit was likely to continue to dampen investment spending.
VIEW FULL ARTICLEGBP For the second day in a row, the UK economic calendar has disappointed as expectations were not met. UK fourth-quarter GDP readings declined to 0.4% from forecasts of 0.5% while the business investment report was unchanged, limiting annual growth to 2.1% from 1.7% previously.
VIEW FULL ARTICLEGBP The overall sentiment for Sterling yesterday was disappointing as UK bond yields fell. Cable breached the psychological 1.4000 mark briefly as UK wages grew 2.5% from September to December. However, this effect was quickly negated by the fact unemployment unexpectedly rose to 4.4%, despite jobless claims unexpectedly declining to...
VIEW FULL ARTICLESo, you’re planning to move to another country. How exciting! A new culture, different food, different weather, a new language...the list goes on. But what are you going to do for work? Most people who are going to live abroad for a while, when asked, just say that they’ll work...
VIEW FULL ARTICLEGBP It seems the UK and the EU are starting to make positive movements as Sterling was given a fresh sense of support from reports the EU parliament would offer the UK “privileged single-market access” after Brexit.
VIEW FULL ARTICLEGBP Brexit negotiator David Davis, yesterday in speeches in Paris and Madrid, stated how the UK is confident a good deal can be negotiated, maintaining workers’ rights and environmental protections. The markets continued to monitor Brexit rhetoric closely and will follow through to today with Davis due to make a...
VIEW FULL ARTICLEIt is commonly known that entrepreneurship is a way of life, not just a job. The concept of starting a business is getting increasingly intriguing and the list of both cautionary and success stories hits the papers almost every week.
VIEW FULL ARTICLEGBP Sterling had a poor outing last Friday as Retail Sales data disappointed against forecasts. Retail sales volumes rose 0.1% in January, below expectations of a 0.5% increase with year-on-year forecasts of 2.6% falling short to only reach 1.6%.
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