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  • Pound up after sterling May speech

    23 January 2017

    It was an exciting and action-packed last week for investors and traders alike, not only here in the UK but also across the pond.

  • Attention turns to the Bank of England today

    03 November 2016

    Yesterday was a relatively quiet day in the way of data, the morning posted a positive October figure of 53.5 for EUR Markit Manufacturing PMI...

  • Euro rates through 2015

    02 December 2015

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Currency Market News

Our blog is below, to help you understand what's moving currency rates and affecting the cost of your international payments. For some friendly guidance on your own transactions, either for your business or yourself, simply fill in the form above and an FCA-regulated currency broker will be in touch to assist you, without any cost or obligation.

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Attention turns to the Bank of England today
03 November 2016

Yesterday was a relatively quiet day in the way of data, the morning posted a positive October figure of 53.5 for EUR Markit Manufacturing PMI, slightly above expectations of 53.3. UK Construction PMI also came in positive, posting 52.6 for October. 0.8 above market expectations and the highest figure seen since March this year. Although positive, this failed to make any real impact on the rates and the market saw no reaction of the back of the good data. As our doors closed for the day, the US opened with the Fed’s Monetary Policy statement and interest rate decision which came in as expected,  unchanged with a view that the hike could now be in December.


This morning we have EUR Unemployment data, and UK Market Services PMI,  then the spotlight turns to  the Bank of England at midday when their latest interest rate decision is due to be announced, along with quarterly inflation report and meeting minutes.  Should the Bank choose to not make any further cuts we could potentially see a small recovery for the Pound and it could bring a good buying opportunity.  At 12:30, BoE Governor Mark Carney speaks, where he could make comments on their decision and the banks expectations for the UK’s economic outlook moving forward.  Also at 12:30, US Jobless Claims data is due, followed by US Markit Services PMI, Non-Manufacturing PMI and Factory Orders in the afternoon.


If you have an upcoming currency purchase be sure you stay in close contact with your CI account manager as the data released over the next few days could certainly lead to some precarious movements in the rates. If you have a likely transfer to make in the coming months, it is valuable to get in touch in good time to discuss you options to secure your currency. Our forward contracts permit you to lock in at today’s rates for up to 2 years ahead, a great tool to consider and can help you manage your risk in the current market trend. 

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