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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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Eurozone improvements sparkle
07 April 2014

A fairly positive week for the Pound Friday brought us data from the US, which included Non Farm Payrolls. Surprisingly, they had fallen below the expectations. All the results proving that Sterling was climbing against the EUR/USD – further to the morning data unemployment rates came in below setting a fall for the Dollar.


Overlooking the other major data releases last week included Euro-zone inflation dropped year on year to 0.8%, causing the European Central Bank to worry about a potential deflation scenario. Still this did not the European leaders signing off the next set of the Greece €8.5bn bailout package.
As we look much closer to home we have already this morning see the release of German Industrial data and Swiss inflation has come in above the expected which has given the Euro some small gains against the GBP/USD.


Below is the International Payments team’s likely volatile data, which could affect you when sending money abroad.


 


Tuesday:


 


BoJ interest rate decision & monetary policy statement and press conference


 


UK industrial and manufacturing production and GDP Estimate


 


Wednesday:


 


Trade balance and goods data from Germany and the UK


 


Federal Open Market Minutes from the US


 


Thursday:


 


Australian employment/unemployment figures


 


ECB monthly report


 


BoE interest rate decision


 


BoJ monetary policy meeting minutes


 


Friday:


 


Chinese, US and German Inflation figures


 


So, a fairly busy week worldwide, data wise. Not very much data released US wise so the main focus will be seeing how the battle between the Pound and the single currency perform against each other. With this in mind it is advised to stay in close contact with your Currency Index account manager to avoid missing out on the perfect time to trade.

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