Yearly Archives: 2020

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.

Sterling rises on Cabinet shuffle

14 February, 2020

Simon Eastman

Yesterday saw the headlines dominated all day by the Cabinet reshuffle, with news agencies reporting in the morning and speculating as to what Boris would do. In the reshuffle, Boris sacked Andrea Leadsom, Esther McVey (housing minister), Theresa Villiers (environmental minister) and Geoffrey Cox (attorney general) and confirmed Priti Patel as Home Secretary, Dominic Raab […]

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Sterling continues to trade sideways against most majors

12 February, 2020

Rob Bastin

Yesterday’s trading session kicked off with some fresh UK data to digest. This came in the form of December’s growth figures in the Industrial and Manufacturing sectors, along with revised GDP for Q4 on 2019. The markets are taking a keen interest in this data currently due to the potential for a rate cut from […]

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Big week for data – could it mark the start of a downfall in GBP rates?

10 February, 2020

Matthew Boyle

Last week was a poor one for the Pound with little good news of any note, and one where it saw buying rates slowly slip back. With an underlying suggestion of an impending interest rate cut in the UK , combined with growing uncertainty of how the Trade deal with the EU will shape up, […]

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Sterling felt the pressure again on Thursday as UK-EU relations came to the fore

7 February, 2020

Simon Eastman

According to reports, the EU might be looking to renege on concessions made to the UK when the MiFID II rules were written, so they would no longer apply once the transition period is over and the UK’s financial position would be weakened on the global stage. Financial services are a major part of our […]

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Clear channel between the UK and EU in respective of trade deals

5 February, 2020

Luke Dyson

Following on from Brexit day the end of last week it has been a volatile time for sterling as we begin the month, From market open we have seen GBP/EUR and GBP/USD nearly loose two cents in a sell off following Boris and Barnier speeches. The large drop wasn’t solely down to both stating their […]

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The UK has left the European Union

3 February, 2020

Ashley Finill

It is now official, the UK has left the European Union as Boris Johnson delivered on his promise of getting Brexit done. The government will have until the end of the year to try and agree a trade deal with the EU, however striking a deal with the EU at this point is currently unlikely […]

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Bank of England leave Interest Rates Unchanged at 0.75%

31 January, 2020

Grace Rae

Yesterday was the big market event for this week’s trading. UK markets gave a sigh of relief following a few weeks of speculation that the Bank of England would cut interest rates. Prior to the results, analysts had predicted a 50/50 chance of a rate cut so traders waited in anticipation which resulted in only […]

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History in the making

29 January, 2020

Paul Newfield

In a historic vote later today, the European Parliament will debate and give their backing to the UK-EU treaty; Tuesday seeing the last attendance of a UK minister when Chris Pincher was in attendance at the General Affairs Council. This final hurdle is actually, strangely enough, more of a show of sorts as the outcome […]

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Uplifting local economic data

27 January, 2020

Maksim Tichonov

Over the course of last week, we saw some uplifting local economic data. There has been a bounce in business and consumer sentiment, with Confederation British Industry(CBI) survey backing up business optimism to its highest since April 2014. The GBP grew stronger against all its major pairings by the end of Thursday, potentially due to […]

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Brexit, Bank of England and interest policy

24 January, 2020

Rob Bastin

Yesterday whilst a quiet day on the markets, was a significant day for the progress of Brexit. Boris’s Withdrawal Agreement Bill was finally passed and received the royal assent to turn it into UK law. Boris’s ‘oven ready’ deal has however undergone a few disagreements over the exact ingredients, with a number changes made by […]

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