Yearly Archives: 2015

You can see our currency news market reports, published daily, on this page. Jargon-free and with our archive back to 2011, bookmark this page to stay on top of the latest currency news relating to your transfers.

Quantitative Easing from the ECB highlighting this week

20 January, 2015

Tom Arnold

This week is a relatively quiet one on the currency markets, with only a couple of critical releases due out. This is probably a good thing, as the markets are really still trying to digest the fallout from last week’s Swiss National Bank decision to remove the CHFEUR cap. The result as we all now know is a very strong Swiss Franc and a very weak Euro, which has given us multi-year highs for all of you Euro buyers.

Read more

Euro Crashes Amidst Market Mayhem

19 January, 2015

Rob Bastin

Last week was one of the most turbulent and busiest weeks on the currency markets for some time. The first highlight was poor inflation figures for the UK at 0.5%, which actually saw sterling strengthen after an initial drop as Mark Carney confirmed that interest rates will still be rising at the end of the year despite low inflation. US Retail Sales saw a sharp contraction but did little to weaken the favoured USD. The major news of course was the SNB’s removal of a minimum exchange rate against the Euro, which subsequently saw the Swiss Franc rally over 25% against most majors in a matter of minutes as the safe haven currency returns to its historical strength. The vast selling of Euros saw GBP/EUR rates end the week 4 cents higher at a 7 year high, presenting a fantastic opportunity to secure any Euros needed in the coming months on a Forward Contract.

Read more

GBPEUR Jumped to the Best Rate for 7 Years

16 January, 2015

Tom Arnold

Wow. What a day that was. Yesterday saw some of the most dramatic movements on the currency markets for many years following the surprise announcement from the Swiss National Bank that they were ending their cap of the Swiss Franc’s value against the Euro. For the last 3 years the Franc has been capped at 1.20 against the Euro, and as such the Franc has tracked the Euro through its recent significant weakening, most notably against the US Dollar.

Read more

Small gains for USD Euro unsteady ahead of busy month end

15 January, 2015

Matthew Boyle

Yesterday was a fairly busy day in the market with the USD taking largely centre stage. Through the morning there were some minor releases for EUR and industrial production for the Euro zone showed an increase from a predicted -0.8% to -0.4%, however this did little to aid the currently weak single currency with little movement and buying rates remained near a 7 year high. Perhaps largely encouraged by the currently flying greenback which is benefiting from the cheapest oil prices in years, this is only encouraging EUR weakness as money is being pulled on a global scale out of the single bloc and back to the safe-haven that is the USD.

Read more

UK inflation falls but exchange rates improve

14 January, 2015

Robin Haynes

Yesterday’s UK inflation figures showed that prices in the UK economy rose by just 0.5% in the year to December – the joint lowest on record.

Read more

Inflation hurdle for sterling

13 January, 2015

Rob Bastin

Monday’s trading was absent of any key data and so exchange rates were relatively stable across the board. Sunday night Home Loans figures for Australia were much worse than expected at -0.7% from a 2% forecast. The Aussie Dollar therefore took a step backwards yesterday after a particularly strong run in the last week or 2, matched only by that of the US Dollar.

Read more

A Mixed Week For The Majors

12 January, 2015

Simon Eastman

Last week ended in a mixed bag for the pound which finish making some gains against the ever strengthening US dollar as well as a number of other majors like the Kiwi dollar, Norwegian Krona (which is under pressure from falling oil prices) and the Canadian dollar (again, falling foul of oil prices).

Read more

Markets to focus on US Non-farm Payrolls

9 January, 2015

Rob Bastin

Thursday’s trading was relatively uneventful with a few data releases announced but with little affect on exchange rates. After a torrid start to the New Year, the Euro was in focus during the morning session when latest Retails Sales figures for the Euro-zone were released and figures met expectations with 0.6% growth on the month but fell just shy on the yearly figure of 1.5%.

Read more

Have we seen the best Euro rate for now

8 January, 2015

Robin Haynes

Yesterday we saw rates for sending Euros abroad stabilise somewhat – despite the morning’s news that the Eurozone economy is technically now in a phase of deflation.

Read more

Roller coaster day for the Pound

7 January, 2015

Tom Arnold

Yesterday was a bit of a roller coaster for the Pound, with plenty of movement both up and down following various releases and market openings around the world.

Read more

Archive

  • Categories

  • No categories