Thank you, you should receieve a reply shortly.
Submit your details above and we will contact you with a competitive exchange rate from an FCA-regulated specialist
  • 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

    The year of 2015 has been extremely volatile for the sterling - euro currency pair exchange rates. At the start of the year, in January, one Pound was worth just over 1.27 Euros - 14 cents lower than now as we head into the last month of the year.

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.

Back to News
PMI knocked down
01 April 2014

A great start for the pound this week as we see sterling continue the strong performance on a run of very small data compared to most of the major currencies. Data from the UK fell short of expectations with mortgage approvals seeing a drop last month and the CCB data lacking its gains from early January. This saw net lending to people up, despite an unsettled week start for the Pound and investors particularly awaited further releases from the single currency region and across the pond.

Euro-zone inflation was to shortly follow which has dropped to just 0.8% on the year from 1.0% previously, raising further concerns over a deflation scenario over the coming months. The US data in the afternoon also carried weakness with the Chicago PMI figures dropping to 55.9 from 59.8 in February. New Fed chair Janet Yellen also spoke at lunchtime stating that the US ‘needs extraordinary support for some time’. With concerns over the US and Euro-zone figures traders eventually favoured the pound as rates rallied late in the afternoon.

Today sees the latest manufacturing PMI figures for the Euro-zone at 8am, UK at 9am and US at 1pm and 2pm. Euro-zone unemployment rate is also announced at 9am and so the day ahead is somewhat full of key data for the 3 majors. Keep in close contact with your currency broker to be ahead of the game should you be looking for any favourable exchange rates this week.

Bookmark and Share