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.
May day for Theresa?
24 September, 2018
Nakhil Mahra
Friday saw the gains made by Sterling wiped off on the back of comments made by Theresa May. Following her meeting with EU negotiators in Salzburg, where they all but rejected the Chequers deal laid forward, May’s speech further dampened Sterling’s plight. With Theresa May adamant the Chequers deal is the way forward, her own […]
Read moreTheresa May rejected Michael Barniers plans on the Irish border
21 September, 2018
Pratheep Prabaharan
This week the pound strengthened and the rate spiked due to inflation figures coming in higher than expected. The spike was short-lived as Theresa May rejected Michel Barniers plans on the Irish border but managed to gain some strength after. The market is very sensitive and volatile, especially with Brexit uncertainty. Mrs May stated that […]
Read moreUK inflation boosts the Pound, but the Irish border remains key
20 September, 2018
Tom Arnold
Yesterday was an interesting day on the currency markets, with Sterling having a rather tumultuous day as a result of various data releases over the course of the morning. First up we saw the Pound drop as a result of news reports suggesting there was a major new disagreement between UK and EU negotiators over […]
Read moreFlat Trading Ahead Of UK Inflation
19 September, 2018
Simon Eastman
Tuesday saw sterling keep the gains it had made recently and hold steady as another day passed with little data releases of note. Against both the USD and EUR, sterling traded within a half-cent range all day. As China retaliated to recent trade threats from the US saying it would not be sending a delegation […]
Read moreSterling exchange rates at 6 week high
18 September, 2018
Rob Bastin
The week got off to a very flat start for the pound with no data releases due until Wednesday and Thursday. In contrast, the US Dollar continued to weaken further following Friday’s softer inflation figures, combined with a general increase in risk sentiment over the last week. GBP/USD gained around 0.6% throughout the day, peaking at […]
Read moreLack of data may threaten sterling gains
17 September, 2018
Paul Newfield
Last week, the pound managed to make gains of around a cent against the euro and a couple of cents against the greenback. The majority of ecostats that came in over the week were actually better than expected, with only industrial and manufacturing production down on the previous months’ level. Current levels are under threat […]
Read moreNo Deal Brexit advice papers released
14 September, 2018
Grace Rae
Markets were fairly muted yesterday following the interest rate decision from the Bank of England. The MPC unanimously voted 9-0 to leave rates unchanged at 0.75%, and keep bond targets and asset purchase facility as is. The European Central bank however had mentioned a subtle change will be made to end bond purchases at the […]
Read moreBOE and ECB Interest rate decision day
13 September, 2018
Grace Rae
The main topic of interest for market today will be the interest rate decision for both the Bank of England (12:00) and the European Central Bank (12:45). Although markets at are not expecting any change from either bank’s rate wise, with the UK’s rate remaining at 0.75% and the ECB at 0%, there have been […]
Read morePotential Brexit Deal strengthens Sterling across major currency pairs
12 September, 2018
Pratheep Prabaharan
The beginning of the week saw the GBPEUR rate spike up over half a cent. The pound strengthened following comments from EU chief negotiator Michael Barnier during a speech in Slovenia. He stated that we could expect a Brexit deal in 6-8 weeks. It was also mentioned in the news that November 13th is the […]
Read moreComments from Michel Barnier push exchange rates up
10 September, 2018
Simon Eastman
The week ended well for sterling seeing some of the highest trading levels in weeks against a basket of currency majors. The pound was helped by comments from Michel Barnier, who was quoted Friday afternoon as saying some of the white papers released from the UK would be “useful”, indicating some softening to his current […]
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