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.

EU’s general affairs council agreeing a trade negotiation mandate

26 February, 2020

Luke Dyson

Following the EU’s general affairs council agreeing a trade negotiation mandate yesterday afternoon Pound sterling rallied back to the top end of the current market for the euro and dollar, with both nearly jumping a cent. As stated by the EU they now have a “reference point” agreed in which Michael Barnier can take forward […]

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Barnier still trying to throw a spanner in the works

24 February, 2020

Paul Newfield

Last week saw the pound deviate by as much as a cent-and-a-half against both the euro and US dollar before settling in the middle ground over the weekend. A lot of positive UK data (retail sales and house prices in particular) coupled with knock backs on talks with the EU seem to be the main […]

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Important data releases dictate Sterlings movements

21 February, 2020

Ashley Finill

It’s been another volatile week in the currency market largely being driven by various data releases across the globe. The UK posted both CPI and retail figures earlier this week which both came in much better than expected. Inflation figures posted at 1.8% which is a great deal closer to the Bank of England’s target […]

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Could we be experiencing the calm before the Storm?

19 February, 2020

Grace Rae

Following the stormy weather hitting the UK, the currency markets are seemingly doing ok, but could this be the calm before the storm? Although Brexit trade talks are not due to begin until March, reports are already making headlines. Yesterday the BBC reported that the EU’s Chief negotiator for Brexit Michel Barnier stating the UK […]

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Positive Sterling Boost Last Week

17 February, 2020

Tom Arnold

Last week was a very surprising one on the currency markets, with the main event turning out to be the UK cabinet reshuffle conducted by Boris Johnson and Dominic Cummings at the start of the week. Normally an event like this would barely trouble the currency markets, but the radical nature of the reshuffle caused […]

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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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