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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

November 14, 2018 2:54 pm | EUR, GBP, USD | by Charlie Murray

Pound Exchange Rate Sinks amid Brexit and UK Inflation Data

The Pound to US Dollar (GBP/USD) and Pound to Euro (GBP/EUR) exchange rates fell on Wednesday, after making gains in Tuesday's session. The GBP/EUR exchange rate reached a seven-month high in Tuesday's trading as it looked like a Brexit deal might be on the cards. Brexit Optimism on Irish Backstop and UK Wage Growth Boosts Pound Exchange Rate News that negotiators might have come to an agreement on the Irish backstop issue buoyed investor sentiment in the Pound exchange rate. Also supporting Sterling was economic data which showed wage growth had reached an almost 10-year high. Wages excluding bonuses hit 3.2% in the three months through September on the year according to the Office for National Statistics (ONS). ONS Senior Statistician Matt Hughes said: 'With faster wage growth and more subdued inflation, real earnings have picked up noticeably in the last few months.' However, Wednesday hasn't been as positive for ...

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November 11, 2018 7:00 am | AUD, Brexit, CAD, GBP, NZD | by Ashleigh Fox

Pound Exchange Rate Forecast: GBP/AUD, GBP/CAD, GBP/NZD Week Ahead

The Pound Australian Dollar (GBPAUD), Sterling Canadian Dollar (GBPCAD) and Pound New Zealand Dollar (GBP/NZD) exchange rates could all be in for some market movement in the week ahead with a raft of economic data due to reach markets.  For the UK, Average Weekly Earnings and Employment Change numbers will be in focus on Tuesday, followed by Consumer Price Index (CPI) figures on Wednesday. A rise in inflation could help the Pound regain some ground. However, Brexit has struck again and Sterling witnessed some losses in recent trading as optimism over a deal ebbed. With the resignation of UK Transport Minister Jo Johnson and calls for another referendum, there may be some Brexit-inspired twists and turns in the week ahead for GBP/AUD, GBP/NZD and GBP/CAD. Pound Australian Dollar (GBPAUD) Exchange Rate Forecast Tuesday will see the release of both Australian Business Confidence and Consumer Confidence which could give ...

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November 10, 2018 7:45 am | Brexit, EUR, GBP, USD | by Ashleigh Fox

Pound Exchange Rate Forecast: GBP/EUR, GBP/USD Week Ahead

This week, the Pound exchange rate managed to reach a three-week high versus the US Dollar (GBP/USD), hitting highs of $1.3176. Brexit optimism boosted the British currency as it seemed a deal could be close. However, things took a downturn by the end of the week as the Irish border issue reared its head once again. Additionally, Friday saw Transport Minister Jo Johnson resign on account of UK Prime Minister Theresa May's Brexit plan. He also suggested there should be another referendum. GBP/EUR, GBP/USD Exchange Rate Forecast In the week ahead there are plenty of factors that could influence the Pound to Euro (GBP/EUR) and Pound to US Dollar (GBP/USD) exchange rates. Influential UK labour market will be out on Tuesday, including the important Average Weekly Earnings and Employment Change numbers. A rise in weekly wages could prove to be a positive event for Sterling, but a ...

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November 8, 2018 10:10 am | Brexit, GBP, NZD, USD | by Ben Scott

Pound Exchange Rate: GBP/EUR, GBP/USD, GBP/NZD in Tight Range

The Pound exchange rate began Thursday in a tight range against the US Dollar (GBP/USD), Euro (GBP/EUR), and New Zealand Dollar (GBP/NZD). It's a relatively quiet day in terms of economic data, leaving political events and central bank developments to take the helm and direct movement. Pound Exchange Rate (GBP/EUR, GBP/USD) Gains on Brexit The Pound has gained some broad-based support on Brexit optimism, and regular news reports encouraging that a deal is close have continued to boost the Sterling exchange rate. Meanwhile, lacklustre Eurozone data has failed to help the common currency gain any ground, while US midterms take their toll on the US Dollar. US Midterm Elections Deal Blow to Trump and US Dollar Exchange Rate Although the outcome of the midterm elections was expected by many, the result has been a shock to US President Donald Trump's stability. With the Democrats gaining control of the House ...

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November 5, 2018 3:44 pm | Brexit, EUR, GBP, Politics, TRY, USD | by Ashleigh Fox

Pound Exchange Rate: GBP/EUR, GBP/USD Climb on Brexit Outlook

Despite UK service sector data hitting a seven-month low, the Pound exchange rate (GBP/EUR, GBP/USD) remained resilient as Brexit positivity boosted the British currency. Brexit Keeps Pound Sterling Exchange Rate Climbing vs Euro and US Dollar The Pound Sterling to US Dollar (GBP/USD) and Pound Sterling to Euro (GBP/EUR) currency pairs rose after reports from the weekend that Theresa May had managed to secure a deal which would keep the UK in the customs union after Brexit. The GBP/USD exchange rate has reached highs today of 1.3040 while GBP/EUR has hit a pinnacle of 1.1445. However, Markit's latest Services Purchasing Managers' Index (PMI) did disappoint markets this morning when it fell from 53.9 in September to 52.2 in October. The decline saw the data hit a seven-month low as Brexit uncertainties weighed. The services sector makes up the majority of the UK economy, and therefore a decline in activity is ...

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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

November 14, 2018 2:54 pm | EUR, GBP, USD | by Charlie Murray

Pound Exchange Rate Sinks amid Brexit and UK Inflation Data

The Pound to US Dollar (GBP/USD) and Pound to Euro (GBP/EUR) exchange rates fell on Wednesday, after making gains in Tuesday's session. The GBP/EUR exchange rate reached a seven-month high in Tuesday's trading as it looked like a Brexit deal might be on the cards. Brexit Optimism on Irish Backstop and UK Wage Growth Boosts Pound Exchange Rate News that negotiators might have come to an agreement on the Irish backstop issue buoyed investor sentiment in the Pound exchange rate. Also supporting Sterling was economic data which showed wage growth had reached an almost 10-year high. Wages excluding bonuses hit 3.2% in the three months through September on the year according to the Office for National Statistics (ONS). ONS Senior Statistician Matt Hughes said: 'With faster wage growth and more subdued inflation, real earnings have picked up noticeably in the last few months.' However, Wednesday hasn't been as positive for ...

Read More
November 10, 2018 7:45 am | Brexit, EUR, GBP, USD | by Ashleigh Fox

Pound Exchange Rate Forecast: GBP/EUR, GBP/USD Week Ahead

This week, the Pound exchange rate managed to reach a three-week high versus the US Dollar (GBP/USD), hitting highs of $1.3176. Brexit optimism boosted the British currency as it seemed a deal could be close. However, things took a downturn by the end of the week as the Irish border issue reared its head once again. Additionally, Friday saw Transport Minister Jo Johnson resign on account of UK Prime Minister Theresa May's Brexit plan. He also suggested there should be another referendum. GBP/EUR, GBP/USD Exchange Rate Forecast In the week ahead there are plenty of factors that could influence the Pound to Euro (GBP/EUR) and Pound to US Dollar (GBP/USD) exchange rates. Influential UK labour market will be out on Tuesday, including the important Average Weekly Earnings and Employment Change numbers. A rise in weekly wages could prove to be a positive event for Sterling, but a ...

Read More
November 8, 2018 10:10 am | Brexit, GBP, NZD, USD | by Ben Scott

Pound Exchange Rate: GBP/EUR, GBP/USD, GBP/NZD in Tight Range

The Pound exchange rate began Thursday in a tight range against the US Dollar (GBP/USD), Euro (GBP/EUR), and New Zealand Dollar (GBP/NZD). It's a relatively quiet day in terms of economic data, leaving political events and central bank developments to take the helm and direct movement. Pound Exchange Rate (GBP/EUR, GBP/USD) Gains on Brexit The Pound has gained some broad-based support on Brexit optimism, and regular news reports encouraging that a deal is close have continued to boost the Sterling exchange rate. Meanwhile, lacklustre Eurozone data has failed to help the common currency gain any ground, while US midterms take their toll on the US Dollar. US Midterm Elections Deal Blow to Trump and US Dollar Exchange Rate Although the outcome of the midterm elections was expected by many, the result has been a shock to US President Donald Trump's stability. With the Democrats gaining control of the House ...

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November 5, 2018 3:44 pm | Brexit, EUR, GBP, Politics, TRY, USD | by Ashleigh Fox

Pound Exchange Rate: GBP/EUR, GBP/USD Climb on Brexit Outlook

Despite UK service sector data hitting a seven-month low, the Pound exchange rate (GBP/EUR, GBP/USD) remained resilient as Brexit positivity boosted the British currency. Brexit Keeps Pound Sterling Exchange Rate Climbing vs Euro and US Dollar The Pound Sterling to US Dollar (GBP/USD) and Pound Sterling to Euro (GBP/EUR) currency pairs rose after reports from the weekend that Theresa May had managed to secure a deal which would keep the UK in the customs union after Brexit. The GBP/USD exchange rate has reached highs today of 1.3040 while GBP/EUR has hit a pinnacle of 1.1445. However, Markit's latest Services Purchasing Managers' Index (PMI) did disappoint markets this morning when it fell from 53.9 in September to 52.2 in October. The decline saw the data hit a seven-month low as Brexit uncertainties weighed. The services sector makes up the majority of the UK economy, and therefore a decline in activity is ...

Read More
November 2, 2018 11:58 am | Brexit, EUR, GBP, Politics, USD | by Lauren Bessent

Pound Sterling Exchange Rate: GBP/EUR, GBP/USD Edge Lower

The Pound exchange rate has broken above the 1.14 level versus the Euro (GBP/EUR), while the Pound Sterling to US Dollar (GBP/USD) currency pair trades above 1.30 in today's session.  Update: The GBP/EUR and GBP/USD exchange rates began to edge lower in Friday afternoon's session. The US Change in Non-Farm Payrolls stat came in at 250K in October, a far sight higher than the 200K forecast. However, the previous month's figure was negatively revised lower, to 118K. GBP/USD Gains Three Cents while GBP/EUR Hits Two-Week High Although GBP/EUR has since fallen, breaking through the 1.14 key psychological barrier has been an interesting development in today's trading. Positive Brexit news is keeping the Pound buoyant, allowing the GBP/USD exchange rate to trade three cents higher than it had earlier in the week. The GBP/EUR exchange rate has hit two-week highs. Reports that the UK and Brussels had secured a financial services ...

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Latest EUR News

November 14, 2018 2:54 pm | EUR, GBP, USD | by Charlie Murray

Pound Exchange Rate Sinks amid Brexit and UK Inflation Data

The Pound to US Dollar (GBP/USD) and Pound to Euro (GBP/EUR) exchange rates fell on Wednesday, after making gains in Tuesday's session. The GBP/EUR exchange rate reached a seven-month high in Tuesday's trading as it looked like a Brexit deal might be on the cards. Brexit Optimism on Irish Backstop and UK Wage Growth Boosts Pound Exchange Rate News that negotiators might have come to an agreement on the Irish backstop issue buoyed investor sentiment in the Pound exchange rate. Also supporting Sterling was economic data which showed wage growth had reached an almost 10-year high. Wages excluding bonuses hit 3.2% in the three months through September on the year according to the Office for National Statistics (ONS). ONS Senior Statistician Matt Hughes said: 'With faster wage growth and more subdued inflation, real earnings have picked up noticeably in the last few months.' However, Wednesday hasn't been as positive for ...

Read More
November 10, 2018 7:45 am | Brexit, EUR, GBP, USD | by Ashleigh Fox

Pound Exchange Rate Forecast: GBP/EUR, GBP/USD Week Ahead

This week, the Pound exchange rate managed to reach a three-week high versus the US Dollar (GBP/USD), hitting highs of $1.3176. Brexit optimism boosted the British currency as it seemed a deal could be close. However, things took a downturn by the end of the week as the Irish border issue reared its head once again. Additionally, Friday saw Transport Minister Jo Johnson resign on account of UK Prime Minister Theresa May's Brexit plan. He also suggested there should be another referendum. GBP/EUR, GBP/USD Exchange Rate Forecast In the week ahead there are plenty of factors that could influence the Pound to Euro (GBP/EUR) and Pound to US Dollar (GBP/USD) exchange rates. Influential UK labour market will be out on Tuesday, including the important Average Weekly Earnings and Employment Change numbers. A rise in weekly wages could prove to be a positive event for Sterling, but a ...

Read More
November 5, 2018 3:44 pm | Brexit, EUR, GBP, Politics, TRY, USD | by Ashleigh Fox

Pound Exchange Rate: GBP/EUR, GBP/USD Climb on Brexit Outlook

Despite UK service sector data hitting a seven-month low, the Pound exchange rate (GBP/EUR, GBP/USD) remained resilient as Brexit positivity boosted the British currency. Brexit Keeps Pound Sterling Exchange Rate Climbing vs Euro and US Dollar The Pound Sterling to US Dollar (GBP/USD) and Pound Sterling to Euro (GBP/EUR) currency pairs rose after reports from the weekend that Theresa May had managed to secure a deal which would keep the UK in the customs union after Brexit. The GBP/USD exchange rate has reached highs today of 1.3040 while GBP/EUR has hit a pinnacle of 1.1445. However, Markit's latest Services Purchasing Managers' Index (PMI) did disappoint markets this morning when it fell from 53.9 in September to 52.2 in October. The decline saw the data hit a seven-month low as Brexit uncertainties weighed. The services sector makes up the majority of the UK economy, and therefore a decline in activity is ...

Read More
November 2, 2018 11:58 am | Brexit, EUR, GBP, Politics, USD | by Lauren Bessent

Pound Sterling Exchange Rate: GBP/EUR, GBP/USD Edge Lower

The Pound exchange rate has broken above the 1.14 level versus the Euro (GBP/EUR), while the Pound Sterling to US Dollar (GBP/USD) currency pair trades above 1.30 in today's session.  Update: The GBP/EUR and GBP/USD exchange rates began to edge lower in Friday afternoon's session. The US Change in Non-Farm Payrolls stat came in at 250K in October, a far sight higher than the 200K forecast. However, the previous month's figure was negatively revised lower, to 118K. GBP/USD Gains Three Cents while GBP/EUR Hits Two-Week High Although GBP/EUR has since fallen, breaking through the 1.14 key psychological barrier has been an interesting development in today's trading. Positive Brexit news is keeping the Pound buoyant, allowing the GBP/USD exchange rate to trade three cents higher than it had earlier in the week. The GBP/EUR exchange rate has hit two-week highs. Reports that the UK and Brussels had secured a financial services ...

Read More
October 30, 2018 6:30 am | EUR, GBP, Politics, USD | by Charlie Murray

Pound Exchange Rate Forecast: GBP/EUR, GBP/USD Events this Week

The week ahead has plenty in store for the Pound Euro (GBP/EUR) and Pound US Dollar (GBP/USD) exchange rates. Whether it's political developments in Europe or high-tier data in the US, there's a number of factors that could turn investor heads this week.  Pound (GBP) Exchange Rate Awaiting BoE Interest Rate Decision The Pound's main event in the week ahead will be the Bank of England's (BoE) interest rate decision on Thursday. The central bank is largely expected to keep interest rates on hold in the run-up to Brexit, but there's the potential for market-moving comments when BoE Chief Mark Carney speaks after the decision. Carney's comments could be influential for the Pound exchange rate on many levels, especially when discussing Brexit and the future of monetary policy. UK Consumer Confidence stats will be out on Wednesday, while the latest Markit UK Construction reading will be out on ...

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