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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 >


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GBP/USD ? Pound Slides on Excellent US Jobless Claims

GBP/USD ? Pound Slides on Excellent US Jobless Claims

From Market Pulse FX, 2 days ago Similar articles

The pound has taken a tumble on Thursday, losing about 100 points to the US dollar. In the North American session, GBP/USD is trading in the mid-1.50 range. In the UK, Nationwide HPI posted a gain of 0.3%, close to the estimate. CBI Realized Sales fell sharply to 39 points. US numbers were mixed, as Unemployment Claims sparkled, dropping to 265 thousand. However, Pending Home Sales declined 3.7%. US employment numbers have improved as the economy chugs along. This was underscored by...

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GBP/USD ? Stable Ahead of Fed Statement, Carney Remarks

GBP/USD ? Stable Ahead of Fed Statement, Carney Remarks

From Market Pulse FX, 3 days ago Similar articles

The pound has shown limited movement on Wednesday, as GBP/USD is trading in the mid-1.51 range. On the release front, BOE Governor Mark Carney will deliver remarks at an event in Dublin. In the US, all eyes are on the Federal Reserve, which will issue its monthly policy statement. Crude Oil Inventories slipped to 8.9 million, but easily beat expectations. The Federal Reserve will be in the spotlight later on Wednesday, with the release of a policy statement at the end of a two-day...

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GBP/USD ? Pound Jumps on Weak US Durable Reports

GBP/USD ? Pound Jumps on Weak US Durable Reports

From Market Pulse FX, 4 days ago Similar articles

The pound has posted strong gains on Tuesday. In the North American session, GBP/USD is trading just shy of the 1.52 line. It was a busy day on the releaser front. British GDP posted a gain of 0.5%. In the US, the news was mixed. Durable Goods Orders posted a sharp decline of 3.4%. Elsewhere, New Home Sales rose to 481 thousand, and CB Consumer Confidence jumped to 102.9 points. Preliminary British GDP for Q4 posted a gain of 0.5% in Q4. This was lower than the gain of 0.7% for Final GDP...

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EXCHANGE RATES

1 GBP = 1.221 EUR
2.513 AUD - Australian Dollar
2.361 CAD - Canadian Dollar
2.539 CHF - Swiss Franc
12.456 HKD - Hong Kong Dollar
2.694 SGD - Singapore Dollar
1.601 USD - U.S. Dollar
9.835 ZAR - South African Rand

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