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 The CBI retail sales index yesterday declined to -8 for March from 8 previously. Sales were undermined by adverse weather conditions and weak sentiment as retailers were disappointed, looking for a modest rebound in April.
VIEW FULL ARTICLEAustralia has become the next big thing in terms of property - sun, sand and stability (of investments), what more could you want? Australian properties have enjoyed consistent capital growth over the last 100 years, with property prices doubling roughly every 7 to 10 years.
VIEW FULL ARTICLEGBP During the European session, there was heavy Sterling selling pressure after GlaxoSmithKline announced that it would purchase a 36.5% stake in Novartis’ consumer healthcare division in a $13bn cash deal.
VIEW FULL ARTICLEGBP Mortgage approvals decline unexpectedly to 38,100 in February and credit card borrowing remained subdued, although there was a recovery in lending to non-financial companies. Sterling sentiment remained positive following last week’s economic data and political developments, although markets were also wary that favourable economic developments had been priced in,...
VIEW FULL ARTICLEGBP The Bank of England’s Gertjan Vlieghe stated that since November, economic data has indicated that the removal of monetary stimulus is increasingly warranted, adding that a pick-up in wages growth was underway. Significantly, there was the potential for one or two rate increases this year, which provided some Sterling...
VIEW FULL ARTICLEGBP The Bank of England (BoE) kept monetary policy unchanged but the voting pattern of MPC members was more hawkish than expected; two votes to raise rates giving the Pound a short-lived boost. UK retail sales rose 0.8% month-on-month and core retail sales up 0.6% month-on-month in February.
VIEW FULL ARTICLEGBP The headline UK unemployment rate declined to reach 4.3% again (joint lowest rate in 43 years) due to a larger-than-expected employment gain. UK unemployment claims increased by 9,200 in February compared with forecasts of a modest decline.
VIEW FULL ARTICLEGBP UK consumer prices rose by 0.4% for February with the year-on-year inflation rate declining to 2.7% from 3.0% back in February 2017. Annual inflation was below the market expectations of 2.8% and was coupled with producer prices data coming in lower than consensus forecasts, maintaining expectations that inflation has peaked.
VIEW FULL ARTICLE2017 was a great year for British women’s sport. Achievements include reaching the semi-finals of the UEFA Women’s Euros, reaching the final of the Women’s Rugby World Cup, as well as winning the ICC Women’s Cricket World Cup.
VIEW FULL ARTICLEGBP Yesterday morning reports emerged that a transitional Brexit deal had been agreed which triggered significant Sterling buying. In a joint news conference, Brexit Secretary David Davis and EU chief negotiator Michel Barnier confirmed that a framework deal had been reached to run until the end of 2020 with a...
VIEW FULL ARTICLE