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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 Falls as UK Inflation Remains High
From Market Pulse FX, today Similar articles
The pound is not having a good day in Tuesday trading. GBP/USD has dropped over one cent and is struggling to stay above the 1.56 line in the North American session. The chief culprit for the pound’s drop was CPI, which was higher than what analysts had expected. The BOE has already voiced concern that its inflation target of 2% is too low, and today’s figures will only reinforce that concern. In the US, the markets got their first look at some key data. Building Permits and...
GBP/USD ? Pound Edges Lower Ahead of British Inflation Data
From Market Pulse FX, yesterday Similar articles
GBP/USD is showing some movement as we begin the week. The pair crossed above the 1.57 line in Monday’s European session, and climbed as high as 1.5750 before edging lower. The pound had an excellent week, gaining about two cents at the expense of a broadly weakened dollar. In economic news, Rightmove HPI was sharply lower, dropping to a five-month low. In the US, Friday’s UoM Consumer Sentiment was a disappointment but PPI rose nicely. On Monday, Empire Manufacturing...
GBP/USD ? Almost Unchanged as US Posts Solid Data
From Market Pulse FX, 5 days ago Similar articles
After posting gains throughout the week at the expense of the US dollar, the pound is almost unchanged in Thursday trading. In the North American session, the pound is trading in the mid-1.56 range. The pair has shrugged off strong US employment and retail sales numbers which were released earlier in the day. The sole UK release was a speech in Helsinki by BOE Deputy Governor Paul Tucker. It's been a quiet week up until now for US events, but that changed on Thursday, as the US posted...
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