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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 Jumps on Strong UK Construction PMI, Weak US Manufacturing Report
From Market Pulse FX, today Similar articles
The pound has posted strong gains on Tuesday, as GBP/USD trades in the mid-1.51 range in the North American session. On the release front, British Construction PMI rose sharply to 59.1 points. Over in the US, Factory Orders posted a sharp decline of 3.4%. British PMIs continue to point upwards in the January reports. Construction PMI jumped to 59.1 points, up from 57.6 a month earlier. This easily beat the forecast of 56.9 points. On Monday, British Manufacturing PMI rose to 53.0 points...
GBP/USD ? Pound Lower Despite Steady UK Manufacturing Data
From Market Pulse FX, yesterday Similar articles
The pound has posted losses on Monday, as GBP/USD trades in the low-1.50 range. On the release front, British Manufacturing PMI improved to 53.0 points. In the US, the ISM Manufacturing PMI continued to soften, slipping to 53.5 points. British Manufacturing PMI rose to 53.0 points in January, up from 52.5 points a month earlier. This was very close to the forecast of 52.9 points. It was a different story in the US, as Manufacturing PMI slipped for a third straight month. The index dropped...
GBP/USD ? Pound Slides on Excellent US Jobless Claims
From Market Pulse FX, 5 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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