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Sterling Outlook - What's Influencing Forex Movements in the UK?
The honeymoon period with the new Conservative government is over.Read More >
National Statistics Office Reports 10% Drop in Overseas Holidaymakers Spending
The UK National Statistics Office has reported that overseas spending by British holiday makers has dropped by 10%. However, at the same time, spending in the UK by foreign tourists has increased by 4%.Read More >
Foreign Exchange Services for UK Businesses Overseas
The UK was once regarded as the “workshop of the world”, and exports still account for a substantial portion of UK manufacturing and commercial activities today.Read More >
Dealing with Foreign Exchange Risk
Transacting business overseas is a valuable commercial hedge against adverse market conditions at home as well as a mean of providing highly profitable opportunities to generate business growth.Read More >
UK Travel Money and Currency Exchange Options
Shop Around for Best Value Currency Exchange When Leaving the UKRead More >
Expat Voices
GBP/USD ? Pound Slips as UK Retail Sales Falter
From Market Pulse FX, today Similar articles
GBP/USD continues to lose ground, and the pound is struggling to stay above the 1.51 line early on in the North American session. British Retail Sales, a key indicator, had its worst performance since last May. Public Sector Net Borrowing also missed its estimate, as did CBI Industrial Order Expectations. The Bank of England released the minutes of its most recent policy meeting, and there were no surprises regarding the vote breakdown for the interest rate and asset purchase levels. In...
UK Pound Falls after Retail Sales Data
From Top Forex News, today Similar articles
After showing signs of mild recovery, the latest economic data out of the United Kingdom is proving disappointing. The result of the latest retail sales data is a lower pound, and speculation that things might not be turning around after all. (...)Read the rest of UK Pound Falls after Retail Sales Data (135 words) Posted on Forex News.
GBP/USD ? Pound Sinks As UK Inflation Tumbles
From Market Pulse FX, yesterday Similar articles
The British pound started off the week in fine fashion, gaining close to one cent against the US dollar on Monday. The good news didn’t last long, however, as the pound has coughed up these gains and then some, in Tuesday trading. GBP/USD was trading in the low-1.51 level early in the North American session. The catalyst behind the pound’s sharp drop was weak inflation numbers out of the UK, as a host of indicators missed their estimates. The pound has had a miserable May, and...
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