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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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Ukraine tension looms over Europe
22 April 2014

Sterling took on board the challenge of new heights and more confidence in the currency as the UK economy picks up. The Bank of England are now in the tricky position of started the long task of curtailing stimulus packages and moving to a more firm monetary policy, which in all essence could start interest rate rises. In the short term we are unlikely to see such a sudden shift from the BoE and continuing the long hike the Pound is in a very good position to take strength as a higher yielding currency attract more than previous.

Looming over many traders’ heads at the moment is the ever-growing tension within Ukraine and with the West looking towards a more diplomatic solution across the border from Ukraine the neighbours continue a strong position on the current crisis. The threat of sanctions does nothing for either side except knock the confidence in the Rouble. Key analysts note the European hesitant attitude to any further moves in the line of sanctions. Germany being the biggest risk having many assets and business with Russia.

Today remains a very quiet day without many data releases so why not keep up to date with our team of brokers for your requirements to send money overseas.

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