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
Pound pushes for peak after inflation
26 March 2014

Yesterday was a marginally good day for the pound, with it gaining around half a cent against both the USD and the Euro. With the kick-off of morning data poor business sentiment data coupled with positive CPI Inflation data from the UK (1.7% from a predicted 1.6%) taking it to a four year low and started the shift in the pounds favour. This move continued as despite a small drop in the producer price index data- which in fairness is a release of minor note- retail price index data came in up on forecast at 2.7% from a predicted 2.6%.

Interestingly despite the relatively bad weather last month, which would normally effect these results, they showed a positive and overall it was a relatively good morning for the pound, although it should be noted its gains at present are marginal. As the American markets opened in the afternoon the pound was aided further with US data showing a reduction in the home price indices and also new home sales. This again helped the pound which over the day’s trading clawed back just over half a cent against the greenback which in the past week has seen renewed strength.

Today is a much more quiet day in terms of data for the pound, with the only data of note from the majors being USD durable goods orders and Bank stress test info – a heavy hitting report which can easily help shape US monetary policy and so too worldwide positions.

Elsewhere this morning we do have the RBA Governor Glenn Stevens speech which will be certainly interesting as we have seen the Australian Dollar gain almost 8 cents back against the pound in the past 6 weeks.

Bookmark and Share