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Five Benefits of Using a Broker

Whether it’s for business or pleasure, when you transfer your money abroad you want to ensure you’re getting the most amount of currency for your money. Here are five benefits to using a currency broker over another payment provider.

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Latest GBP News

February 16, 2019 8:00 am | EUR, GBP, Politics, USD | by Ben Scott

Pound, Euro, US Dollar (GBP/EUR, GBP/USD) Exchange Rate Forecast this Week

Update: Monday morning has begun with the Pound to US Dollar (GBP/USD) and Pound to Euro (GBP/EUR) exchange rates trading slightly higher. The US markets are closed today for the annual Presidents' Day holiday, but trade deal optimism between the US and China has managed to push oil prices up to a three-month high.  Important meetings and calls on China Trade Deal, and more, today with my staff. Big progress being made on soooo many different fronts! Our Country has such fantastic potential for future growth and greatness on an even higher level! — Donald J. Trump (@realDonaldTrump) 17 February 2019 It's been a volatile week for the Pound, Euro, and US Dollar exchange rates and the week ahead could hold further volatility. Political developments will be ongoing as the half-term recess is cancelled for British politicians to try and break the Brexit deadlock, US-China trade talks resume, ...

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February 14, 2019 9:22 am | Brexit, EUR, GBP, INR, Politics, USD | by Charlie Murray

GBP/USD Hits One-Month Low, GBP/EUR Falling Ahead of Parliament Votes

Update: The Pound hit a one-month low against the US Dollar (GBP/USD) and tumbled against the Euro (GBP/EUR) as Brexit worries pushed the Sterling exchange rates lower across the board. It's expected that remain-supporting MPs will rebel against Theresa May on a number of amendments being voted on today. More political uncertainty could create significant Sterling movements. Interbank ranges seen so far today: GBP/EUR - 1.1312-1.1414 GBP/USD - 1.2773-1.2877 Yesterday, the Pound to US Dollar (GBP/USD) exchange rate experienced some volatility, while the Pound to Euro (GBP/EUR) managed to climb. Hopes for a delay in the UK's divorce to the EU were offset by soft UK inflation, which hit a two-year low.  The month of January saw a -0.8% contraction, while the annual figure dropped from 2.1% to 1.8%. The core measure held steady at 1.9%. Economist Tej Parikh commented: 'For the past two years, households have been squeezed between high prices ...

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February 13, 2019 10:05 am | Brexit, Central Banks, GBP, RUB, TRY, USD, ZAR | by Ashleigh Fox

GBP/USD, GBP/EUR Exchange Rates on Back Foot ahead of Parliament Voting

The Pound has begun Thursday's trading on the back foot against the US Dollar (GBP/USD) and Euro (GBP/EUR). Investors will be watching for the Eurozone Gross Domestic Product (GDP) growth stat due out this morning after Germany escaped recession by a whisker. Eurozone employment data will also be out, as well as US Advance Retail Sales stats. Yesterday, the Euro to US Dollar (EUR/USD) currency pair noted it's biggest one-day decline this year. Voting in parliament later today could create further GBP/EUR and GBP/USD exchange rate volatility. However, investors are expected to witness more significant volatility when another round of votes take place on February 27th. (Above update provided at 09:30am 14/02/19). The Pound to US Dollar (GBP/USD) exchange rate could feel the impact of UK and US inflation data today, after a positive day for Sterling yesterday. The British currency was bolstered by Bank of England ...

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February 12, 2019 9:25 am | AUD, GBP, INR, USD | by Lauren Bessent

Australian Dollar Exchange Rate Forecast: USD/AUD Climbing, GBP/AUD Softer

The Australian Dollar to Pound (AUD/GBP) and Aussie to US Dollar (AUD/USD) exchange rates have experienced an interesting few sessions of late. On Monday, the Aussie fell against the US Dollar (AUD/USD) to reach its lowest level since the start of January. In comparison, the US Dollar has been on a winning streak, rallying for the last nine trading sessions. Meanwhile, the Pound Sterling exchange rate was dented by Brexit uncertainty and economic data which showed UK growth had slowed. UK manufacturing also slipped into recession.   Australian Home Loans Sink -- Australian Dollar (AUD/USD) Exchange Rate Hits Lowest Level Since January Overnight, economic data showed Australian Home Loans sank in December, by far more than economists had forecast. The December figure was expected to contract by -2.0% after November's -0.9%. However, the actual reading came in far lower, at -6.1%. The Australian Bureau of Statistics (ABS) ...

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February 11, 2019 3:44 pm | EUR, GBP, USD | by Ben Scott

Pound Exchange Rate Weekly Forecast (GBP/EUR, GBP/USD); Sterling Lower

The Pound's been on the back foot against the Euro (GBP/EUR) and US Dollar (GBP/USD) today after disappointing UK economic data came to light. UK Growth Contracts - Manufacturing Sector Enters Recession Pulling Pound Down The UK's economic growth came in at only 1.3% in the fourth quarter of 2018 on the year which pressured the Pound exchange rate lower. Forecasts had suggested a downturn from 1.6% to 1.4% could take place. The quarter itself only registered 0.2% growth, while the month of December alone contracted by -0.4% rather than flatlining at 0.0% as economists had expected. Brexit uncertainity, geopolitical tensions and trade wars, and a general slowing in the Eurozone have all been to blame for the slowdown and played into Sterling exchange rate weakness. Brexit uncertainty cl;early hitting UK GDP and investment. GDP growth in 2018 1.4pc, weakest since the financial crisis. Business investment has contracted in ...

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Latest Video Content

January 11, 2019 10:43 am | Brexit, GBP, Video | by Ashleigh Fox

Pound Sterling Exchange Rate Forecast: UK Economic Growth Hits Six-Month Low

The Pound exchange rate has been in a tight range against the US Dollar (GBP/USD) and Euro (GBP/EUR) on Friday morning, despite news that UK economic growth had hit a six-month low. The UK registered a 0.3% increase in growth in the three months through November, slightly lower than the previous 0.4% reading. Economic growth ...

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June 19, 2018 12:20 pm | GBP, USD, Video | by Ashleigh Fox

Pound to US Dollar Hits Lowest Level Since November as Exchange Rates Fall on Uncertainty

The Pound to US Dollar (GBP/USD) exchange rate hit a seven-month low on Tuesday as US/China trade war fears and Brexit uncertainty spooked markets. The GBP/USD exchange rate hit lows of 1.3158 - the weakest level seen since November 2017. It's not just the Pound taking a beating, other major currencies have been declining against ...

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Latest USD News

February 16, 2019 8:00 am | EUR, GBP, Politics, USD | by Ben Scott

Pound, Euro, US Dollar (GBP/EUR, GBP/USD) Exchange Rate Forecast this Week

Update: Monday morning has begun with the Pound to US Dollar (GBP/USD) and Pound to Euro (GBP/EUR) exchange rates trading slightly higher. The US markets are closed today for the annual Presidents' Day holiday, but trade deal optimism between the US and China has managed to push oil prices up to a three-month high.  Important meetings and calls on China Trade Deal, and more, today with my staff. Big progress being made on soooo many different fronts! Our Country has such fantastic potential for future growth and greatness on an even higher level! — Donald J. Trump (@realDonaldTrump) 17 February 2019 It's been a volatile week for the Pound, Euro, and US Dollar exchange rates and the week ahead could hold further volatility. Political developments will be ongoing as the half-term recess is cancelled for British politicians to try and break the Brexit deadlock, US-China trade talks resume, ...

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February 14, 2019 9:22 am | Brexit, EUR, GBP, INR, Politics, USD | by Charlie Murray

GBP/USD Hits One-Month Low, GBP/EUR Falling Ahead of Parliament Votes

Update: The Pound hit a one-month low against the US Dollar (GBP/USD) and tumbled against the Euro (GBP/EUR) as Brexit worries pushed the Sterling exchange rates lower across the board. It's expected that remain-supporting MPs will rebel against Theresa May on a number of amendments being voted on today. More political uncertainty could create significant Sterling movements. Interbank ranges seen so far today: GBP/EUR - 1.1312-1.1414 GBP/USD - 1.2773-1.2877 Yesterday, the Pound to US Dollar (GBP/USD) exchange rate experienced some volatility, while the Pound to Euro (GBP/EUR) managed to climb. Hopes for a delay in the UK's divorce to the EU were offset by soft UK inflation, which hit a two-year low.  The month of January saw a -0.8% contraction, while the annual figure dropped from 2.1% to 1.8%. The core measure held steady at 1.9%. Economist Tej Parikh commented: 'For the past two years, households have been squeezed between high prices ...

Read More
February 13, 2019 10:05 am | Brexit, Central Banks, GBP, RUB, TRY, USD, ZAR | by Ashleigh Fox

GBP/USD, GBP/EUR Exchange Rates on Back Foot ahead of Parliament Voting

The Pound has begun Thursday's trading on the back foot against the US Dollar (GBP/USD) and Euro (GBP/EUR). Investors will be watching for the Eurozone Gross Domestic Product (GDP) growth stat due out this morning after Germany escaped recession by a whisker. Eurozone employment data will also be out, as well as US Advance Retail Sales stats. Yesterday, the Euro to US Dollar (EUR/USD) currency pair noted it's biggest one-day decline this year. Voting in parliament later today could create further GBP/EUR and GBP/USD exchange rate volatility. However, investors are expected to witness more significant volatility when another round of votes take place on February 27th. (Above update provided at 09:30am 14/02/19). The Pound to US Dollar (GBP/USD) exchange rate could feel the impact of UK and US inflation data today, after a positive day for Sterling yesterday. The British currency was bolstered by Bank of England ...

Read More
February 12, 2019 9:25 am | AUD, GBP, INR, USD | by Lauren Bessent

Australian Dollar Exchange Rate Forecast: USD/AUD Climbing, GBP/AUD Softer

The Australian Dollar to Pound (AUD/GBP) and Aussie to US Dollar (AUD/USD) exchange rates have experienced an interesting few sessions of late. On Monday, the Aussie fell against the US Dollar (AUD/USD) to reach its lowest level since the start of January. In comparison, the US Dollar has been on a winning streak, rallying for the last nine trading sessions. Meanwhile, the Pound Sterling exchange rate was dented by Brexit uncertainty and economic data which showed UK growth had slowed. UK manufacturing also slipped into recession.   Australian Home Loans Sink -- Australian Dollar (AUD/USD) Exchange Rate Hits Lowest Level Since January Overnight, economic data showed Australian Home Loans sank in December, by far more than economists had forecast. The December figure was expected to contract by -2.0% after November's -0.9%. However, the actual reading came in far lower, at -6.1%. The Australian Bureau of Statistics (ABS) ...

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February 11, 2019 3:44 pm | EUR, GBP, USD | by Ben Scott

Pound Exchange Rate Weekly Forecast (GBP/EUR, GBP/USD); Sterling Lower

The Pound's been on the back foot against the Euro (GBP/EUR) and US Dollar (GBP/USD) today after disappointing UK economic data came to light. UK Growth Contracts - Manufacturing Sector Enters Recession Pulling Pound Down The UK's economic growth came in at only 1.3% in the fourth quarter of 2018 on the year which pressured the Pound exchange rate lower. Forecasts had suggested a downturn from 1.6% to 1.4% could take place. The quarter itself only registered 0.2% growth, while the month of December alone contracted by -0.4% rather than flatlining at 0.0% as economists had expected. Brexit uncertainity, geopolitical tensions and trade wars, and a general slowing in the Eurozone have all been to blame for the slowdown and played into Sterling exchange rate weakness. Brexit uncertainty cl;early hitting UK GDP and investment. GDP growth in 2018 1.4pc, weakest since the financial crisis. Business investment has contracted in ...

Read More
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Latest EUR News

February 16, 2019 8:00 am | EUR, GBP, Politics, USD | by Ben Scott

Pound, Euro, US Dollar (GBP/EUR, GBP/USD) Exchange Rate Forecast this Week

Update: Monday morning has begun with the Pound to US Dollar (GBP/USD) and Pound to Euro (GBP/EUR) exchange rates trading slightly higher. The US markets are closed today for the annual Presidents' Day holiday, but trade deal optimism between the US and China has managed to push oil prices up to a three-month high.  Important meetings and calls on China Trade Deal, and more, today with my staff. Big progress being made on soooo many different fronts! Our Country has such fantastic potential for future growth and greatness on an even higher level! — Donald J. Trump (@realDonaldTrump) 17 February 2019 It's been a volatile week for the Pound, Euro, and US Dollar exchange rates and the week ahead could hold further volatility. Political developments will be ongoing as the half-term recess is cancelled for British politicians to try and break the Brexit deadlock, US-China trade talks resume, ...

Read More
February 14, 2019 9:22 am | Brexit, EUR, GBP, INR, Politics, USD | by Charlie Murray

GBP/USD Hits One-Month Low, GBP/EUR Falling Ahead of Parliament Votes

Update: The Pound hit a one-month low against the US Dollar (GBP/USD) and tumbled against the Euro (GBP/EUR) as Brexit worries pushed the Sterling exchange rates lower across the board. It's expected that remain-supporting MPs will rebel against Theresa May on a number of amendments being voted on today. More political uncertainty could create significant Sterling movements. Interbank ranges seen so far today: GBP/EUR - 1.1312-1.1414 GBP/USD - 1.2773-1.2877 Yesterday, the Pound to US Dollar (GBP/USD) exchange rate experienced some volatility, while the Pound to Euro (GBP/EUR) managed to climb. Hopes for a delay in the UK's divorce to the EU were offset by soft UK inflation, which hit a two-year low.  The month of January saw a -0.8% contraction, while the annual figure dropped from 2.1% to 1.8%. The core measure held steady at 1.9%. Economist Tej Parikh commented: 'For the past two years, households have been squeezed between high prices ...

Read More
February 11, 2019 3:44 pm | EUR, GBP, USD | by Ben Scott

Pound Exchange Rate Weekly Forecast (GBP/EUR, GBP/USD); Sterling Lower

The Pound's been on the back foot against the Euro (GBP/EUR) and US Dollar (GBP/USD) today after disappointing UK economic data came to light. UK Growth Contracts - Manufacturing Sector Enters Recession Pulling Pound Down The UK's economic growth came in at only 1.3% in the fourth quarter of 2018 on the year which pressured the Pound exchange rate lower. Forecasts had suggested a downturn from 1.6% to 1.4% could take place. The quarter itself only registered 0.2% growth, while the month of December alone contracted by -0.4% rather than flatlining at 0.0% as economists had expected. Brexit uncertainity, geopolitical tensions and trade wars, and a general slowing in the Eurozone have all been to blame for the slowdown and played into Sterling exchange rate weakness. Brexit uncertainty cl;early hitting UK GDP and investment. GDP growth in 2018 1.4pc, weakest since the financial crisis. Business investment has contracted in ...

Read More
February 5, 2019 8:35 am | AUD, EUR, GBP | by Charlie Murray

GBP/EUR Climbs on UK Sales, GBP/AUD Trading Lower; RBA Holds Interest Rates

The Pound to Euro (GBP/EUR) and Pound to Australian Dollar (GBP/AUD) exchange rates could be in for some more volatility today. The GBP/EUR currency pair is currently trading around +0.22% higher, while the GBP/AUD exchange rate is around -0.50% lower. The Pound exchange rate had another volatile session on Monday when UK construction data showed a bigger-than-forecast decline attributed to Brexit uncertainty. However, despite the fall,  building work in some of the UK's key cities has remained upbeat. Brexit continued to influence the GBP exchange rates, with Sterling experiencing a short-lived rally off the back of reports suggesting free-flow trade would be facilitated in the face of a no-deal Brexit. US-China Trade Wars May Benefit Euro Exchange Rate It may not be all bad news for the Euro at the moment either. While the European Central Bank (ECB) may be considering implementing new stimulus measures to boost economic ...

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February 3, 2019 7:00 am | CAD, EUR, GBP | by Ashleigh Fox

Pound Euro (GBP/EUR), Canadian Dollar (GBP/CAD) Exchange Rate Forecast

The Pound to Canadian Dollar (GBP/CAD) and Pound to Euro (GBP/EUR) exchange rates will have plenty of opportunity to move in the week ahead, with the Bank of England's (BoE) interest rate decision, influential Canadian labour market data, and revealing Eurozone stats.  Pound to Euro (GBP/EUR) Exchange Rate Forecast This week it was revealed that Italy, perhaps somewhat predictably, had entered a technical recession. The data which showed a -0.2% contraction in Italian economic growth on the quarter raised questions over the populist government's anti-austerity agenda. Investors will be keeping a close eye on Eurozone economic data out in the week ahead, which may indicate the European Central Bank (ECB) needs to reintroduce some kind of stimulus measure. Monday will see the Eurozone Sentix Investor Confidence stat released, followed by the Eurozone Producer Price Index. The Markit UK Construction Purchasing Managers' Index (PMI) will also make an appearance, ...

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