News

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 actually made some muted gains

20 April, 2018

Simon Eastman

Sterling actually made some muted gains across its major pairs yesterday deposit retail sales falling flat. With all the bad weather we had over the first quarter of the year, it’s not a surprise that the retail sales were expected to be down from the month before. Things were actually much worse than forecast though […]

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Weaker Sterling on weaker inflation

19 April, 2018

Pratheep Prabaharan

Sterling has weakened against the Euro after its 10 months high falling back below 1.15. UK inflation data was weaker than predicted at 2.5% against an expected 2.7% causing the pound to drop against all major currencies. We expect the Central Bank to raise interest rates by 0.25% at the next meeting in May but […]

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UK Inflation key for GBP performance

18 April, 2018

Rob Bastin

Tuesday’s trading kicked off the busy few days for the pound with the first important data releases for the week. Uk unemployment produced a mixed bag of results with the headline rate positively dropping from 4.3% to 4.2%, but claimant count change was more than double expectations of 5k with a result of 11.6k. Of […]

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Sterling continues to hold strong

17 April, 2018

Grace Rae

Yesterday was relatively quiet in terms of data with the focus being only on the US who posted an array of stats over the afternoons trading causing no huge surprises. The main release of Retail Sales showed an improvement from last month figures. Retail Sales rose to 0.6% posting 0.2% better than markets predicted but […]

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Pound breaks one year highs

16 April, 2018

Nakhil Mahra

Pound breaks one year highs Last week was a good week for Sterling, breaking key resistance levels against the Euro and hitting levels last seen in May 2017, more importantly closing last week at these levels is a positive sign for Sterling against the single currency. These gains were mainly supported by below average Euro […]

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GBP makes gains against Euro and USD – Time to Bank or Bust?

13 April, 2018

Matthew Boyle

Yesterday was a good day for the Pound as weak Euro industrial data combined with a currently weak USD allowed it to make gains. At present we are sat at peak levels against the single currency, going back to May 2017 and against the Dollar going back to June 2016. This is welcomed by many, […]

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Stable rates but for how long?

12 April, 2018

Paul Newfield

Yesterday Wednesday actually saw some movement in the GBP-EUR rates, as the pound lost nearly a half-cent against the single currency and the USD between 8 am and 12 pm, before correcting back up during the afternoon’s trading. The reason for the slump was UK manufacturing and industrial production figures came in well below expectation. […]

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Sterling still strong but may not be for long

10 April, 2018

Pratheep Prabaharan

The week started quietly yesterday with little data out across the major economic zones and as such little in the way of market movement for any of the major currencies. The market is quite stable as a result, with GBPEUR and GBPUSD both very rangebound just below recent highs. Again, there is not any critical […]

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Non farm payrolls sends USD lower

9 April, 2018

Robin Haynes

Friday’s main economic data came in the form of non-farm payrolls in the USA, the main monthly labour market measure taking into account seasonal adjustments for agriculture. Markets expected the American economy to have created 193,000 jobs in March, so the announcement of only 103,000, sent the US Dollar lower on foreign exchange markets – […]

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Pound struggled yesterday after some poor Eco Stat readings

6 April, 2018

Simon Eastman

After a quiet start to the trading month, we saw the pound struggle yesterday after some poor eco stat readings. We saw Markit services PMI figures released across Europe and the UK in the morning which all came out lower than expected, with the UK dropping to 51.7 from 54, showing the lowest level of […]

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