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Sterling stages a comeback – 26th June 2017

  Sterling stages a comeback - 26th June 2017 Sterling ended the week looking slightly more robust than when it started. The upturn was due to a combination of lower UK government borrowing and a more hawkish tone from the Bank of England chief economist on Wednesday. The...

US raises interest rates – 15th June 2017

  US raises interest rates - 15th June 2017 Immediately ahead of London's opening yesterday Sterling moved higher across the board for no obvious reason and managed to hold onto these gains until just before the ONS published the UK employment data.  On the plus side, the...

Time for an interest rate hike – 14th June 2017

Time for an interest rate hike - 14th June 2017 It is widely expected that the US Federal Reserve will announce a 0.25% increase in US interest rates tonight with the increase already factored into the price of the US Dollar. If the decision is "no-change" then the...

Election Impact on your Currency Transfers

Cast your mind back to May 17th 2015 and the last general election, when David Cameron was elected as Prime Minister after winning a clear majority. Mr Cameron’s success came as a big surprise as the pre-election polls predicted another hung parliament. The surprise gave...

Nothing to see here – 10th May 2017

Nothing to see here - 10th May 2017 The Australian Treasurer's budget, which he delivered yesterday, had minimal impact on the currency markets and meant that the credit ratings agencies, Fitch and Moody's, confirmed Australia's triple-A credit rating. Despite the possible downgrade to Australia's credit rating, investors were...