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Thu 24 Aug 2017 04:08 GMT

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The latest FX market information, future forecasts, predictions, analysis and currency headlines from the leading FX professionals here at Send Money UK. Should you have a question on a currency exchange transaction you're looking to do in the near future, please use the contact us form to speak to a currency broker for assistance. Meet the team behind SendMoney news or contact them with any feedback

Pound Tumbles as UK Businesses Concerned over Impact of Brexit Published: 23 Aug at 4 PM
Sterling The Pound (GBP) fell against the majority of its peers in trade today as the Recruitment & Employment Confederation (REC) released its latest employer confidence data. The report suggests that firms are increasingly reluctant to invest and employ new workers in the face of rising Brexit uncertainty, with many businesses...
Sterling (GBP) Demand Limited since UK Inflation Report Published: 21 Aug at 3 PM
Pound Sterling (GBP) Last week’s UK Consumer Price Index (CPI) results from July continue to keep pressure on the Pound and leave the current unappealing. The report indicated that British inflation was slowing faster than expected, meaning pressure for the Bank of England (BoE) to tighten UK monetary policy was diminishing. With the...
US Dollar Slides before Fed Minutes are Released Published: 16 Aug at 5 PM
Pound Sterling (GBP) While the movement has not been universal, the Pound has nonetheless advanced against the Euro and US Dollar today. Elsewhere, however, Sterling has struggled due to the future implications for the jobs market. The good news has been that UK unemployment has fallen to the lowest level in 42 years, while jobless...
US Dollar Unsettled by Lower-than-Forecast Inflation Published: 11 Aug at 4 PM
Pound Sterling (GBP) The Pound has ended weekly trading in low demand, trading tightly against the US Dollar and declining against the Euro. This lacklustre movement is due to a lack of distinctive economic news, which has left the Pound and a number of other currencies rudderless. The Pound should leave the trading doldrums on...
Currency Markets Fluctuate as North Korean Tensions Continue to Spook Investors Published: 10 Aug at 3 PM
Sterling The Pound (GBP) was met by volatility on Thursday as the UK released its latest trade balance figures. According to the ONS the UK’s trade deficit jumped from a downwardly revised £2.52bn to £4.56bn in June, reaching a new nine-month high as imports continued to outstrip exports. It wasn’t all doom and gloom for...
Daily Currency Update: Pound Slides as Bank of England (BoE) Downgrades Forecasts Published: 3 Aug at 4 PM
Pound Sterling (GBP) The afternoon’s Sterling movements have been negative in virtually all cases. The Pound has fallen by over -0.8% against the Euro and US Dollar, as well as dropping by more than -1% against the New Zealand Dollar and Japanese Yen. This spread of poor exchange rates has been triggered by a gloomy set of statements...
Limp Sterling (GBP) Sees Mixed Wednesday Movement Against Majors Published: 2 Aug at 5 PM
Pound Sterling (GBP) The Pound saw limp trade for most of today’s trade session. Optimism about this week’s manufacturing PMI has largely been priced into Sterling already and the day’s construction PMI fell short of expectations. Markit’s UK construction PMI for July was only expected to slip slightly from 54.8 to 54.5, but...
GBP USD Strengthens Following Upbeat CBI Retail Data Published: 27 Jul at 3 PM
Sterling The Pound (GBP) rallied against the majority of its peers in trade today as the CBI published some upbeat data regarding the UK’s recent retail sales growth. The CBI reported a notable uptick in the pace of the UK’s retail sales growth in the year to July as the warmer weather helped to drive seasonal grocery and clothing...
European Central Bank (ECB) Hints at QE Discussions in Autumn Published: 20 Jul at 4 PM
Pound Sterling (GBP) The Pound tumbled on Thursday as investors reacted to June’s UK retail sales results. UK retail sales actually beat expectations in both major prints. Month-on-month retail sales improved from -1.1% to 0.6% while yearly retail sales rose from 0.9% to 2.9%. However, analysts noted that the figures overall rounded...
Conservative Infighting Rumours Limit Pound Demand, US Dollar Under Pressure as Fed Hike Odds Weaken Published: 17 Jul at 5 PM
Pound Sterling Political jitters weighed down the Pound at the start of the week, with various reports circulating in the media alleging infighting within the cabinet. Coupled with the resumption of formal Brexit negotiations this soured the mood towards Sterling, with investors still wary of the prospect of the UK leaving the EU via the...

Recent Financial News

Here's the latest Google News stories for sending money abroad related news.

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