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.

Lack of UK data sees weakening of the pound

6 February, 2019

Paul Newfield

Yesterday saw a good amount of data releases from the USA and Europe, with little to help support the pound, which started the week pretty flat against the other majors. Markit services from Germany, Italy and the UK, which was the only UK data yesterday, came in negatively, whilst those of Spain, France and the […]

Read more

Sterling started the week flat as Brexit concerns continue

5 February, 2019

Simon Eastman

Sterling started the week flat as Brexit concerns continue to keep the pressure on the currency markets. With only construction PMI to work with, which came in lower than expected, investors had little reason to buy the pound. The reading for the construction industry was expected to drop, but only slightly from 52.8 to 52.4, […]

Read more

Excellent Run for the Pound in January

4 February, 2019

Rob Bastin

After an excellent run for the pound in January, Brexit optimism is already fading and as such exchange rates have stalled and begun to correct over the last week. Whilst the markets have seemingly all but priced out any expectation of a ‘no deal’ scenario, the reality of the situation is that a ‘no deal’ […]

Read more

Is Brexit on deep freeze, or can the deadlock thaw?

1 February, 2019

Matthew Boyle

This week has been a busy one with the main focus, of course, being the UK parliamentary Brexit vote on Tuesday. Ahead of the vote with the market excited that a deal could perhaps be reached, a no-deal Brexit was off the cards, or article 50 could be extended we saw GBP>EUR rates push to […]

Read more

EU Shuts Door

31 January, 2019

Nakhil Mahra

After Tuesday’s votes, the PM would have been hoping to go back to the EU with renewed hope, after having as some called it ‘her best day since taking over’. Having seen Brady’s amendment pass allowing possibly some leverage to take the EU negotiators. However that was short lived as yesterday, Michel Barnier, speaking at […]

Read more

Prime Ministers plan is backed by MPs

30 January, 2019

Grace Rae

MP’s voted last night on amendments made to the withdrawal agreement, with all but two amendments defeated during the vote. Graham Brady’s amendment to replace the Northern Ireland backstop with alternative arrangements to avoid a hard border passed with a majority of 16 votes, and Caroline Spelman’s amendment to reject leaving the EU without a […]

Read more

Vote Day

29 January, 2019

Paul Newfield

With no eco stats yesterday and only US consumer confidence later this afternoon, the vote on the governments’ latest amendment to the Brexit deal, reportedly a “Plan B”, will take centre stage in what will be another defining moment in the latest from the Brexit saga. The voting for the latest incarnation of the document […]

Read more

A Strong Week for Sterling

28 January, 2019

Simon Eastman

Last week proved a winner for the pound as it made decent gains against its main pairings. We saw over 2 percent gains against the US dollar and the Euro, as support for Brexit “Plan B” seemed to snowball as the week rolled on, with the DUP offering their unwavering support to the Prime Minister […]

Read more

Sterling rally running out of steam?

25 January, 2019

Rob Bastin

Thursday’s trading saw the recent Sterling rally slow down after a 4% run in just 2 weeks. With no data out for the UK to react to, traders began taking profits from the recent gains as a cluster of key resistance levels have now been reached for the short term. GBP/EUR tested the same peak […]

Read more

Pound hits 2 month high against EUR & USD

24 January, 2019

Matthew Boyle

Yesterday saw the Pound rise to new 2019 highs against both the EUR and USD, taking it to the best rates we have seen in over 2 months. Following a decline in the unemployment rate on Tuesday, we saw the Pound start to gain ground, and it seems in the past few weeks the sentiment […]

Read more