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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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Retail Sales fall
23 May 2012

Retail sales in the UK posted a shock fall in April, in more bad news for the UK economy.

The Bank of England minutes also showed that the monetary policy committee considered more Quantitative Easing this month, and the prospect of a further cash injection now seems inevitable. This will not be good news for the Pound, particularly if tomorrow's GDP figures confirm that the UK is again in recession.

The Pound has fallen significantly against the US Dollar in recent weeks, and has perhaps only been supported against the Euro due to the ongoing problems in Greece, where elections on June 19th will be a crunch test of the likelihood of Greece staying in the Eurozone.

International payment rates are particularly volatile at the moment and anybody with exposure, whether for business or personal transfers, should speak to their currency broker about the options available.

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