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.

UK unemployment hits 17 year high

12 October, 2011

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Unemployment in the UK has risen to 2.57m, the highest for 17 years, according to figures out this morning.

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Greece payout likely to go ahead as inspectors agree reforms

11 October, 2011

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The Euro has begun to strengthen (become more expensive) as the EU, IMF and European Central Bank all now agree that Greece is likely to have €8bn of extra bailout funds approved.

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This week’s currency news 542

10 October, 2011

CurrencyIndex

This week we do not have any major UK data due out, although it’s a busy week in the USA which will be of note to clients looking to buy or sell USD…

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King fears ciris is ‘worst ever’ as banks hit by credit downgrade

7 October, 2011

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The Bank of England Governer, Mervyn King, fears the current economic crisis could be the worst ever seen in the UK, in an interview with Sky News.

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Bank of England injects 75bn into the economy

6 October, 2011

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Sterling fell rapidly as the Bank of England announced plans for an additional £75bn of Quantitative Easing today. This was significantly more than the £50bn that analysts thought may be injected, while many observers thought the Bank would wait until November before acting.

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UK economic growth slower than expected

5 October, 2011

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UK GDP has been revised down, showing growth of just 0.1% between April and June…

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Euro rate comes off 9 month high, while US Dollar continues to increase in price

4 October, 2011

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The Sterling to Euro rate hit a new 9-month high overnight, but has fallen back against sterling today, as we await UK GDP figures tomorrow morning at 9.30am.

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This week’s currency news 03 Oct 2011

3 October, 2011

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As the Eurozone soverign debt crisis continues, a focus this week’s news releases scheduled around which are likely to affect exchange rates…

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German parliament supports Greece bailout

29 September, 2011

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As international auditors arrive in Greece to assess the extent of the country’s debt problems, Germany’s parliament has this morning approved new powers for the Eurozone’s crisis fund…

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Pound, Euro both steady as rescue plan is discussed

27 September, 2011

CurrencyIndex

As markets await news from Eurozone officials on a renewed strategy to help Europe’s ailing banks, the Euro has remained relatively stable against sterling, with relatively good rates available for sending payments in Euros…

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