Latest FX News

Bank Of England. (City of London)

BoE rate decision sets the tone for pound Sterling

Bank of England raises growth forecasts and leaves interest rates unchanged but pound Sterling has muted reaction. The BoE opted to leave interest rates unchanged at their COVID-19 crisis low of 0.1% and its quantitative easing programme at GBP 895BN
Bank Of England. (City of London)

GBP/USD and GBP/EUR soften ahead of Bank of England meeting

GBP/USD and GBP/EUR exchange rates retreat in anticipation of the BoE meeting although most market analysts expect policymakers to leave the central bank's main policy settings unchanged. The UK economy’s improved outlook failed to offer much support.
Russia Flag

Tensions Rise Between US and Russia Following Biden Sanctions

Mounting tensions between the US and Russia will see US Ambassador return to the US for consultations as Russian troops continue to storm Ukraine. US Ambassador to Russia, John Sullivan, was advised by Russian foreign policy official, Yuri Ushakov, to fly back to the US, though Mr Sullivan initially refused. Despite the initial reluctance, the US embassy has confirmed...
Phase two of Boris Johnson's lockdown easing strategy

British pound gains as shops reopen and NZ trade deal likely

Pound Sterling advances against all major trading rivals, including the US dollar and euro as the next stage of UK lockdown easing gets underway. The reopening of shops, pubs and other non-essential stores in England has already driven pound Sterling (GBP) higher against trading rivals...
New one pound sterling British sterling coin. Sterling reaction to UK employment data

Pound Sterling trades on a softer note amid vaccine concerns

Pound Sterling (GBP) has erased some of its 2021 gains in April - a month which historically sees the currency appreciate due to some profit-taking and the recent mixed vaccine news. The British pound has fallen lower against a host of rivals this week, including...
pile sterling notes sprawled out symbolising Sterling and UK economy

Pound Sterling falls vulnerable to some profit-taking

After hitting fresh highs against the euro and jumping above the USD 1.39 level, pound Sterling is trading on the backfoot amid some profit-taking. The British pound (GBP) surged near 14-month highs against the euro (EUR) and reclaimed losses against the resurgent greenback on Monday, in the wake of...

GBP/EUR records strongest quarter since 2015 amid optimism

Pound Sterling (GBP) has advanced by approximately 5% against the euro (EUR) during the first quarter of 2021 - its strongest quarter since 2015. With Brexit now in the background and recent economic indicators pointing towards a robust recovery for the UK economy, investors have found...
Pounds to euro

Pound Sterling boosted by easing of UK lockdown restrictions

Pound Sterling (GBP) has been subjected to volatility recently, and this could become a common trend of the coming days, which could prove frustrating for our clients looking to make a currency exchange. Not only do we welcome a new trading week and month but...
Vaccine supply crisis

Pound Sterling gains but vaccine supply chain risks weighing

Pound Sterling edges higher ahead of the weekend after EU and UK agree to co-operate but risks to Britain’s vaccine supply are limiting gains. Britain's progressive vaccine rollout has created a more stable and attractive environment for investors in the UK, particularly versus Eurozone countries, which have...
UK Retail Sales

Pound Sterling boosted by upbeat UK retail sales data

Pound Sterling (GBP) forecast for further gains against the euro (EUR) but can the UK currency maintain upward momentum against the US dollar (USD). Upside in GBP/USD appears to have been triggered by an improvement in risk appetite, which partially courtesy of the United States...
Pound Sterling

Pound Sterling falls against US dollar and euro

The British pound continues to struggle against its major currency competitors as a result of vaccination and post-Brexit concerns.
Bank Of England. (City of London)

Bank of England warns of risks to UK economy

Despite predictions that the UK economy will recover strongly, the BoE still maintains a cautious tone for the UK’s economic future.
japanese yen

Japanese Yen Rises as Investors Seek A Virus Safety Currency

Though the Japanese yen is rising against its currency competitors, the Japanese economy is expected to show weak data for Q1. Japan’s finance minister has previously warned against pushing up the Japanese yen (JPY), commenting that the Bank of Japan (BoJ) could be forced to...
Global economy

How are world economies and currencies coping with Coronavirus

Discover how coronavirus has impacted some of the world’s biggest economies and the outlook for the remainder of 2021.
pound sterling

Pound Sterling subdued following vaccine delay concerns

The UK’s vaccination programme could experience further disruptions due to delivery delays from India and a halt in exports from the EU.
Brexit - EU and British Flag

GBP Fails to rally against USD and EUR

Despite upbeat comment from the Bank of England, the British pound failed to advance against its major currency competitors.
pile sterling notes sprawled out symbolising Sterling and UK economy

British pound slips against USD, JPY and EUR after BoE event

After a brief run higher following UK Consumer Confidence data, pound Sterling exchange rates have tumbled as investors digest the BoE’s comments. Although the BoE expects to upgrade its economic growth forecasts at the May meeting, it stressed that it was too early to taper fiscal support...
Federal Reserve Building

GBP/USD cautious ahead of fed comments

The British pound to US dollar exchange rate is steady yet cautious as US dollar investors await comments from the Federal Reserve. The stance from the Fed during the March policy meeting is likely to also determine the US dollar’s (USD) strength against other major currency competitors, particularly...