GBP/USD currency pair slipping

GBP/USD drops after weak UK data The GBP/USD cross has fallen nearly a cent over the course of today’s trading session, with the currency pair slipping from $1.3023 to $1.2933. Sterling lost ground across the board after weaker than forecast data from the UK’s manufacturing sector, with the purchasing managers index (PMI) coming in at … Read more GBP/USD currency pair slipping

CAD rates of exchange

CAD rates of exchange It has been a choppy ride for the Sterling to Canadian Dollar exchange rates lately, with mid market prices fluctuating between highs just below 1.75 to lows just above 1.67, in just the last couple of weeks. To put this into monetary terms, a typical transfer of £200,000 would see you … Read more CAD rates of exchange

AUD Update – GBP/AUD rises over the last 24 hours.

James Baxter Senior Currency Broker T: 01442 892 062 GBP/AUD has risen around one percent over the last 24 hours after the publication of slightly lower than expected inflation numbers from Australia this morning. There are no further data releases to note from either country today so we may be in for a quiet day … Read more AUD Update – GBP/AUD rises over the last 24 hours.

GBP/USD exchange rate keeps climbing

Written by Arron Morris Senior Currency Broker T: 01442 892 065 The GBP/USD cross rose to $1.2573 this morning, its highest level since 27th March following comments from President Donald Trump. Trump told the Wall Street Journal that the U.S dollar “is getting too strong” and that he would like Janet Yellen and the Federal … Read more GBP/USD exchange rate keeps climbing

UK to convert EU law into Domestic Law

Adam Wiffen Currency Broker T: +44 (0) 1442 892064 Yesterday the British government set out plans to convert European laws into domestic law, giving the UK public some much needed certainty as we leave the Bloc. As most are aware on Wednesday, Prime Minister Theresa May formally notified Brussels of Britain’s intention to leave the … Read more UK to convert EU law into Domestic Law

CAD News for the Day

Written by: Richard Beaumont T: 01442 892 060 There was a lack of any Canadian data out yesterday but this didn’t stop the exchange rates moving as speech by BoE Gov Carney weakened the Pound. Today the only release of note will be Crude Oil Inventories from the US. This is forecast to show expansion … Read more CAD News for the Day

Will Sterling Ever Stop Falling

Sterling/Euro Peaked this week on Thursday, prior to the bank of England Interest rate decision and the low coming moments after the rate cut was announced. Within two hours purchasing €300,000 would have become almost £4,000 more expensive. GBP/EUR and GBP/USD What’s Been Moving Sterling Crosses The continuing effects of post-brexit Britain is still weighing … Read more Will Sterling Ever Stop Falling

Non-Farm Payrolls cause rates to tumble

Non-Farm payrolls affect GBP/USD It was a volatile day for cable with a movement of over 1% on the cross, from a session high of 1.3173 to a low of 1.3024. It was the first Friday of the month, which meant the release of this month’s employment figures from the USA. Renowned for being one … Read more Non-Farm Payrolls cause rates to tumble

Bank of England perform historic rate cut

In today’s report we will take a look at yesterday’s historic events from the bank of England, what affect it had on Sterling crosses and what else may affect the markets in the coming days trading. Bank of England Rate Cut The Pound staged a slight rally in the early hours of trading yesterday getting … Read more Bank of England perform historic rate cut

Interest rates are the lowest in the Bank of England’s 322 year history

Canadian Dollar exchange rates As you will see from the Graph below the Sterling to Canadian Dollar exchange rates have taken a tumble today, making it a lot more expensive to by the Loonie. In today’s report, let’s look at what has caused these movements and what you can do minimise the damage, if you … Read more Interest rates are the lowest in the Bank of England’s 322 year history