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Currency exchange rates and news for 25th October The Bank of England has been unusually verbose recently, with both Andrew Bailey and Huw Pill talking openly about their fears over rising inflation’s levels over the winter months. The markets have taken them at the word, and a move upwards in the UK’s Base rate is …
Last week was, to borrow a phrase from football, a game of two halves. The first half was dominated by the price movements in the gas and oil markets and the Conservative Party conference, the second half by speculation over the latest US employment data. The volatility in the gas markets has been extraordinary and …
Currency Exchange news 11th October – Is now the time to make your transfer? Read More »
Last week was dominated by the strength of the US dollar, which took sterling down to nearly three cents off September’s highest level, with the euro also giving up a similar amount. Flows into the dollar were encouraged by the rise in yields on US treasuries and its safe-haven appeal as equity markets came under …
For much of last week, sterling played second fiddle to the dollar as it bobbled in a relatively tight trading range. This was hardly surprising ahead of what promises to be the busiest trading period since summer ended with both the Federal Reserve and the Bank of England meeting. Sterling ended the week on the …
This Week’s currency exchange news – 20th September 2021 Read More »
Currency exchange news for buying a house in Spain The dollar weakened all of last week in reaction to the perceived dovish tone from the Federal Reserve, this led to the expectation on tapering in September to fade. The primary beneficiary was the euro which in turn was helped by some seemingly hawkish statements from members of …
This Weeks currency exchange news 6th Spetmber 2021 Read More »
Last week the markets were overshadowed by the events unfolding in Kabul and across Afghanistan. With chaos seemingly engulfing the country, investors turned tail from riskier assets and sought the safe haven of the dollar. This change in sentiment pushed sterling down almost 1.5% whilst the euro to its lowest level for nearly a year. …
This weeks currency news, Exchange rates for Euros Read More »
Sterling enjoyed a solid week last week, touching its highest levels against the euro for 18 months in quiet trading before retreating on Friday as speculators took their profits. It was helped higher by a solid rebound in Gross Domestic Product which encouraged thoughts of the economy returning to pre-pandemic levels before the year is …
As expected, two events dominated the market’s last week, the monthly meeting of the Bank of England’s Monetary Policy Committee and the employment reports from the US. The Bank was moderately hawkish and is now firmly in the camp of central banks looking to tighten sooner rather than later. As expected, sterling gained against the …
Last week, the dollar put in its worst performance this year after the Federal Reserve meeting was perceived as less hawkish than analysts predicted. In actual fact, the Fed did say that “progress” was being made towards normalisation, but in a relatively quiet market, traders ignored the subtleties of language and decided to sell dollars. …
The currency markets had a quiet time last week, which is hardly surprising as we approach the peak summer holiday period. Ranges continue to get narrower, and volumes continue to decline. There were, however, some interesting developments, not least from the Bank of England. After both the Royal Bank of New Zealand and the Bank …
This weeks currency exchange news – 19th July 2021 Read More »