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.

The Pound last week hit its lowest level against the Euro for over 10 years

23 March, 2020

Robin Haynes

The Pound last week hit its lowest level against the Euro for over 10 years, and against the US Dollar since 1985. A combination of the devastating economic impact of Coronavirus-based social distancing measures & business shutdowns, and the under-reported effect on Brexit trade talks (which are not happening) mean that the UK currency has […]

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BoE Rate cut sees Pound claw back after Flash crash

20 March, 2020

Matthew Boyle

Yesterdays announcement by the Bank of England that Uk interest rates would be cut to 0.1% offered a small amount of respite in what has been a torrid few weeks for the currency. We have seen the pound lose significant ground across the board but significantly 13 cents against the Euro, and 15 cents against […]

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Last week compounded sterling weakness as we saw traders dump sterling daily

16 March, 2020

Simon Eastman

The last week compounded sterling weakness as we saw traders dump sterling daily, as Coronavirus took hold. We are ever-changing on advice from the government as the virus unfolds but one thing that isn’t changing is the effect this pandemic is having on the economy and the pound. We have seen the Bank of England […]

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Sterling in freefall with no respite in sight

13 March, 2020

Ashley Finill

This week we have seen another nightmare week for sterling as the Pound has lost just over 3 cents on the majors due to the current economic crisis due to the coronavirus spreading across the globe at an alarming rate. All economies throughout the world are being hit damaging stocks and shares with Sterling taking […]

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UK Budget 2020

11 March, 2020

Grace Rae

So far this week we have seen the Pound sitting at the lower end of its recent trading range with increasing fears it could weaken further amidst the growing concerns over coronavirus, the potential of more economic slowdown and the ongoing trade negotiations with the EU. All areas point to more added pressure on our currency. […]

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Worthy competitor found for Brexit news domination

9 March, 2020

Paul Newfield

Last week saw the economic and political worlds further gripped by continued Covid 19 panic; world markets have tumbled and in terms of the pound, particularly against the euro, we are now trading at levels last seen back in mid-october last year. Coronavirus seems to be the most unwelcome distraction from Brexit talks with the […]

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The Pound has been quite volatile due to developing trade negotiation mandate

6 March, 2020

Maksim Tichonov

Last week, the pound has been quite volatile due to developing trade negotiation mandate and we saw advancement on euro as well as the dollar. Unfortunately, a statement made by the prime minister suggested no key developments and a higher risk of a no-deal come December, therefore despite the bounce last week Sterling has lost […]

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Cliff edge sell for Sterling over the last week

4 March, 2020

Rob Bastin

After a cliff edge sell for Sterling over the last week, exchange took a much needed pause during yesterday’s session with rates finishing the day much where they started off. The morning started with some UK PMI data to digest, which provided a welcome surprise in the Construction sector with a growth reading of 52.6 […]

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Busy week ahead, lots of key data from around the world!

2 March, 2020

Tom Arnold

Last week was painful for the Pound after the recent highs, as Brexit once again came to the fore. Both the UK and EU set out their negotiating positions and it came as no real surprise that the UK is opting for a very aggressive stance, and threatening a “No Deal” outcome as soon as […]

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EU want some? Pound down as UK posed for potential No deal Brexit

28 February, 2020

Matthew Boyle

Yesterday saw a continuation of the Pound being sold off in a week where concerns for a No Deal Brexit again raised its head. Whilst Boris Johnson released his mandate to UK trade negotiators, Michael Gove addressed parliament, and both reiterated the stance that the UK would be prepared to end negotiations with the EU […]

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