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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

December 13, 2018 8:49 am | Brexit, EUR, GBP, Politics, USD, ZAR | by Ben Scott

Pound (GBP/USD, GBP/EUR) Exchange Rate Climbs as Brexit Resumes

Pound exchange rates are recovering in Thursday morning's European session after Theresa May managed to survive a vote of no confidence last night. However, the margin of victory wasn't overly convincing, with May winning by 83 votes. Theresa May heads back to Brussels today for talks, but the EU remains firm that there's no scope for renegotiation. German Government Minister Stephan Mayer commented: 'My perception is that Theresa May did negotiate quite well. After one year of negotiations the treaty which lays on the table isn’t too bad for both sides. It is not possible to achieve any better deal than that which is not laying on the table.' Pound Exchange Rate (GBP/EUR, GBP/USD) Forecast: Pressures Lie Ahead Theresa May is attempting to gain legal reassurances over the Irish backstop issue in the hope that her deal will be supported by MPs when the time comes to vote on ...

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December 11, 2018 9:16 am | Brexit, EUR, GBP, Politics, USD | by Ashleigh Fox

Pound Exchange Rate (GBP/EUR, GBP/USD) Climbing as Wage Growth Hits Decade High

The Pound experienced a terrible day for trading on Monday when Theresa May and Brexit politics saw Sterling sink by around -1.60%. The Pound to US Dollar (GBP/USD) exchange rate hit 20-month lows as it tumbled to levels of 1.25. The Pound to Euro (GBP/EUR) exchange rate reached three-month lows too. Theresa May Halts Brexit Vote, Pound Exchange Rate (GBP/EUR, GBP/USD) Sinks Theresa May announced that the planned vote on her Brexit agreement scheduled for today, 11th December, wouldn't go ahead as it would be defeated when put to MPs. Instead, the British Prime Minister decided to withdraw the vote to enable her more time to go back to the European Union and ask for reassurances over the Irish backstop issue. There was plenty of chaos in Parliament as MPs debated the event, and the Pound exchange rate began falling on the uncertainty. Today, the UK will release ...

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December 5, 2018 9:21 am | Brexit, GBP, Politics, USD | by Lauren Bessent

Pound Hits 17-Month Low (GBP/USD) on Brexit Debates

The Pound to US Dollar (GBP/USD) exchange rate hit a 17-month low in Tuesday's trading as Brexit dominated headlines during a volatile session. The vote on Theresa May's Brexit deal may not be until next week, but the British Prime Minister lost three votes yesterday in the House of Commons. Theresa May is now forced to hand out the legal advice pertaining to her Brexit deal after it was deemed the government was in contempt of Parliament. Brexit Debates Create Pound Exchange Rate Volatility May was handed another blow when Conservative Dominic Grieve proposed a motion which could impact the Brexit settlement. Grieve said: 'No longer must the will of Parliament - reflecting the will of the people - be diminished. Parliament must now take back control and then give the final decision back to the public because, in the end, only the people can sort this ...

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December 3, 2018 2:49 pm | Brexit, EUR, GBP, USD | by Charlie Murray

Pound Exchange Rate Slips Against US Dollar (GBP/USD) and Euro (GBP/EUR)

Despite an optimistic start to the day, the Pound to Euro (GBP/EUR) and Pound to US Dollar (GBP/USD) exchange rates both slipped in Monday afternoon trading. UK Manufacturing Data does Little to Help Pound Exchange Rate The UK's November Manufacturing Purchasing Managers' Index (PMI) showed an upswing from 51.1 to 53.1, but when analysts looked closer at the data they saw problems with the upswing. The increase was attributed to companies stockpiling products in case Brexit causes trade disruption. Additionally, new orders from international parties contracted for the second consecutive month in November. Two months in a row haven't contracted since 2016. IHS Markit Director Rob Dobson commented on the data, saying: 'While demand from the domestic market was a positive spur, in some cases as clients built up stocks in response to Brexit and other supply-chain uncertainties, manufacturers also reported a further decrease in new export business ...

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November 27, 2018 11:06 am | Brexit, GBP, Politics, USD | by Lauren Bessent

Pound Exchange Rate Lower on Trump Comments, UK CBI Retail Sales Rebound

The Pound exchange rate has slumped against other majors, not helped by US President Donald Trump's comments that Theresa May's withdrawal agreement 'looks like a good deal for the EU'. The President said it would prevent the UK from trading with the US. Trump's comments come at a time when Theresa May is trying to gain support for her deal before it's voted on in December, and it's been rumoured only two more letters of no confidence would need to be submitted to the 1922 Committee for a vote of no confidence to take place. Markets took Trump's comments to be significant, and The Pound to US Dollar (GBP/USD) exchange rate hit levels of 1.2733, almost a cent lower than the session high of 1.2819. The Pound to Euro (GBP/EUR) exchange rate is trading at lows of 1.1261, after session highs of 1.1306. UK politics look set ...

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Latest Video Content

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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June 15, 2018 9:14 am | EUR, GBP, USD, Video | by Ashleigh Fox

Pound to US dollar Exchange Rate Rises, Pound Euro Lower; China Trade Tensions Shake Markets

The Pound found itself trending lower against a basket of other currency majors on Friday, including the US Dollar (GBP/USD) and Euro (GBP/EUR). EUR Sinks as ECB Announces End of QE, but Interest Rates will Remain Low Thursday was an interesting day for markets when the European Central Bank (ECB) announced it would be phasing out its ...

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Latest USD News

December 13, 2018 8:49 am | Brexit, EUR, GBP, Politics, USD, ZAR | by Ben Scott

Pound (GBP/USD, GBP/EUR) Exchange Rate Climbs as Brexit Resumes

Pound exchange rates are recovering in Thursday morning's European session after Theresa May managed to survive a vote of no confidence last night. However, the margin of victory wasn't overly convincing, with May winning by 83 votes. Theresa May heads back to Brussels today for talks, but the EU remains firm that there's no scope for renegotiation. German Government Minister Stephan Mayer commented: 'My perception is that Theresa May did negotiate quite well. After one year of negotiations the treaty which lays on the table isn’t too bad for both sides. It is not possible to achieve any better deal than that which is not laying on the table.' Pound Exchange Rate (GBP/EUR, GBP/USD) Forecast: Pressures Lie Ahead Theresa May is attempting to gain legal reassurances over the Irish backstop issue in the hope that her deal will be supported by MPs when the time comes to vote on ...

Read More
December 11, 2018 9:16 am | Brexit, EUR, GBP, Politics, USD | by Ashleigh Fox

Pound Exchange Rate (GBP/EUR, GBP/USD) Climbing as Wage Growth Hits Decade High

The Pound experienced a terrible day for trading on Monday when Theresa May and Brexit politics saw Sterling sink by around -1.60%. The Pound to US Dollar (GBP/USD) exchange rate hit 20-month lows as it tumbled to levels of 1.25. The Pound to Euro (GBP/EUR) exchange rate reached three-month lows too. Theresa May Halts Brexit Vote, Pound Exchange Rate (GBP/EUR, GBP/USD) Sinks Theresa May announced that the planned vote on her Brexit agreement scheduled for today, 11th December, wouldn't go ahead as it would be defeated when put to MPs. Instead, the British Prime Minister decided to withdraw the vote to enable her more time to go back to the European Union and ask for reassurances over the Irish backstop issue. There was plenty of chaos in Parliament as MPs debated the event, and the Pound exchange rate began falling on the uncertainty. Today, the UK will release ...

Read More
December 5, 2018 9:21 am | Brexit, GBP, Politics, USD | by Lauren Bessent

Pound Hits 17-Month Low (GBP/USD) on Brexit Debates

The Pound to US Dollar (GBP/USD) exchange rate hit a 17-month low in Tuesday's trading as Brexit dominated headlines during a volatile session. The vote on Theresa May's Brexit deal may not be until next week, but the British Prime Minister lost three votes yesterday in the House of Commons. Theresa May is now forced to hand out the legal advice pertaining to her Brexit deal after it was deemed the government was in contempt of Parliament. Brexit Debates Create Pound Exchange Rate Volatility May was handed another blow when Conservative Dominic Grieve proposed a motion which could impact the Brexit settlement. Grieve said: 'No longer must the will of Parliament - reflecting the will of the people - be diminished. Parliament must now take back control and then give the final decision back to the public because, in the end, only the people can sort this ...

Read More
December 3, 2018 2:49 pm | Brexit, EUR, GBP, USD | by Charlie Murray

Pound Exchange Rate Slips Against US Dollar (GBP/USD) and Euro (GBP/EUR)

Despite an optimistic start to the day, the Pound to Euro (GBP/EUR) and Pound to US Dollar (GBP/USD) exchange rates both slipped in Monday afternoon trading. UK Manufacturing Data does Little to Help Pound Exchange Rate The UK's November Manufacturing Purchasing Managers' Index (PMI) showed an upswing from 51.1 to 53.1, but when analysts looked closer at the data they saw problems with the upswing. The increase was attributed to companies stockpiling products in case Brexit causes trade disruption. Additionally, new orders from international parties contracted for the second consecutive month in November. Two months in a row haven't contracted since 2016. IHS Markit Director Rob Dobson commented on the data, saying: 'While demand from the domestic market was a positive spur, in some cases as clients built up stocks in response to Brexit and other supply-chain uncertainties, manufacturers also reported a further decrease in new export business ...

Read More
November 27, 2018 11:06 am | Brexit, GBP, Politics, USD | by Lauren Bessent

Pound Exchange Rate Lower on Trump Comments, UK CBI Retail Sales Rebound

The Pound exchange rate has slumped against other majors, not helped by US President Donald Trump's comments that Theresa May's withdrawal agreement 'looks like a good deal for the EU'. The President said it would prevent the UK from trading with the US. Trump's comments come at a time when Theresa May is trying to gain support for her deal before it's voted on in December, and it's been rumoured only two more letters of no confidence would need to be submitted to the 1922 Committee for a vote of no confidence to take place. Markets took Trump's comments to be significant, and The Pound to US Dollar (GBP/USD) exchange rate hit levels of 1.2733, almost a cent lower than the session high of 1.2819. The Pound to Euro (GBP/EUR) exchange rate is trading at lows of 1.1261, after session highs of 1.1306. UK politics look set ...

Read More
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Latest EUR News

December 13, 2018 8:49 am | Brexit, EUR, GBP, Politics, USD, ZAR | by Ben Scott

Pound (GBP/USD, GBP/EUR) Exchange Rate Climbs as Brexit Resumes

Pound exchange rates are recovering in Thursday morning's European session after Theresa May managed to survive a vote of no confidence last night. However, the margin of victory wasn't overly convincing, with May winning by 83 votes. Theresa May heads back to Brussels today for talks, but the EU remains firm that there's no scope for renegotiation. German Government Minister Stephan Mayer commented: 'My perception is that Theresa May did negotiate quite well. After one year of negotiations the treaty which lays on the table isn’t too bad for both sides. It is not possible to achieve any better deal than that which is not laying on the table.' Pound Exchange Rate (GBP/EUR, GBP/USD) Forecast: Pressures Lie Ahead Theresa May is attempting to gain legal reassurances over the Irish backstop issue in the hope that her deal will be supported by MPs when the time comes to vote on ...

Read More
December 11, 2018 9:16 am | Brexit, EUR, GBP, Politics, USD | by Ashleigh Fox

Pound Exchange Rate (GBP/EUR, GBP/USD) Climbing as Wage Growth Hits Decade High

The Pound experienced a terrible day for trading on Monday when Theresa May and Brexit politics saw Sterling sink by around -1.60%. The Pound to US Dollar (GBP/USD) exchange rate hit 20-month lows as it tumbled to levels of 1.25. The Pound to Euro (GBP/EUR) exchange rate reached three-month lows too. Theresa May Halts Brexit Vote, Pound Exchange Rate (GBP/EUR, GBP/USD) Sinks Theresa May announced that the planned vote on her Brexit agreement scheduled for today, 11th December, wouldn't go ahead as it would be defeated when put to MPs. Instead, the British Prime Minister decided to withdraw the vote to enable her more time to go back to the European Union and ask for reassurances over the Irish backstop issue. There was plenty of chaos in Parliament as MPs debated the event, and the Pound exchange rate began falling on the uncertainty. Today, the UK will release ...

Read More
December 3, 2018 2:49 pm | Brexit, EUR, GBP, USD | by Charlie Murray

Pound Exchange Rate Slips Against US Dollar (GBP/USD) and Euro (GBP/EUR)

Despite an optimistic start to the day, the Pound to Euro (GBP/EUR) and Pound to US Dollar (GBP/USD) exchange rates both slipped in Monday afternoon trading. UK Manufacturing Data does Little to Help Pound Exchange Rate The UK's November Manufacturing Purchasing Managers' Index (PMI) showed an upswing from 51.1 to 53.1, but when analysts looked closer at the data they saw problems with the upswing. The increase was attributed to companies stockpiling products in case Brexit causes trade disruption. Additionally, new orders from international parties contracted for the second consecutive month in November. Two months in a row haven't contracted since 2016. IHS Markit Director Rob Dobson commented on the data, saying: 'While demand from the domestic market was a positive spur, in some cases as clients built up stocks in response to Brexit and other supply-chain uncertainties, manufacturers also reported a further decrease in new export business ...

Read More
November 23, 2018 9:33 am | AUD, Brexit, CNY, EUR, GBP, USD, ZAR | by Ashleigh Fox

Pound Exchange Rate: GBP/USD, GBP/EUR Unwind Gains Ahead of Brexit Summit

The Pound to Euro (GBP/EUR) exchange rate managed to climb by almost a cent on Thursday, while the Pound to US Dollar (GBP/USD) currency pair rose by around a cent and a half before retracing some of its gains. Euro and Pound Climb on Italy and Brexit Developments This week, the focus has been on Brexit developments, European data, and central bank decisions, as well as a global equities sell-off. The Thanksgiving holiday has seen US markets closed towards the end of the week, with a lack of economic data out of the States. investors in the Euro have been watching the state of affairs between Italy and the European Commission and the Euro gained some favour this week when it appeared a compromise could be made between the two sides. It's been a mixed week for Brexit. While Amber Rudd claimed a no-deal Brexit would be blocked ...

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November 16, 2018 11:04 am | EUR, GBP, USD | by Ben Scott

Pound Recovers Some Losses Versus US Dollar and Euro (GBP/USD, GBP/EUR)

The Pound exchange rate has begun Friday's session recouping some losses across the board. The Pound Euro (GBP/EUR) and Pound US Dollar (GBP/USD) currency pairs are trading in the region of 1.12 and 1.28 respectively. Theresa May held a press conference just after 5pm on Thursday following a host of resignations throughout the day. Seven people including several ministers resigned in the wake of Wednesday’s Cabinet meeting which saw Theresa May’s Brexit deal on the table. Brexit Secretary Dominic Raab resigned while Jacob Rees-Mogg submitted a letter calling for a vote of no confidence in May. 48 MPs would need to write to the 1922 Committee Chair to enact a vote of no confidence. Press Conference Does Little for Sterling Exchange Rate (GBP) Theresa May has been trying to gain the support of the Cabinet for her plan as the March Brexit day approaches. Two Brexit Secretaries have ...

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