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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

June 24, 2019 8:48 am | AUD, EUR, GBP, USD | by Ashleigh Fox

British Pound Eyes Fifth Day of Gains Over US Dollar (GBP/USD), AUD/USD AUD/GBP Climbs

The Pound US Dollar exchange rate (GBP/USD) has been gaining since early last week. A whole host of factors have combined to provide support, including a resolute tone from the Bank of England (BoE) over interest rates, despite downgrading UK economic growth forecasts. Broad-based losses for the US Dollar after the Federal Reserve struck a more cautious note on the outlook for the US economy added further support for Cable, with the Pound now two-and-a-half cents up on last week’s lows. Gains are continuing in Monday’s early trade, despite the weekend’s news that could disrupt the Conservative Party leadership campaign. Boris Johnson is under increasing pressure to explain a domestic dispute, while a small number of rogue Conservative MPs also appear ready to support a vote of no confidence in him, should he be put forward as Prime Minister next month. Pound-Euro Exchange Rate Struggles for Direction Sterling ...

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June 17, 2019 7:00 am | EUR, GBP | by Charlie Murray

Pound Euro Exchange Rate Forecast W/C 17th June

The Pound to Euro (GBP/EUR) exchange rate could be in for some significant fluctuations this week amid political developments, central bank decisions, and economic data.  Monday will begin with the UK Rightmove House Prices data for June. The previous reading only came in at 0.1%, and given Brexit uncertainty, a large jump is unlikely, but a positive number could help to buoy the Pound. ZEW Surveys and Inflation Data in Focus Tuesday will begin with the Eurozone's final inflation reading for May, as well as Eurozone and German ZEW Surveys detailing economic sentiment which could be influential for the Euro exchange rate. Wednesday will be an interesting day for the UK with the UK Consumer Price Index (CPI) for May. A rise in inflation could put some more pressure on the Bank of England's (BoE) Monetary Policy Committee (MPC) to reconsider its stance on monetary policy. Additionally, the UK ...

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June 14, 2019 9:01 am | AUD, Brexit, Central Banks, EUR, GBP, NZD, Politics, USD | by Ashleigh Fox

Pound Choppy on Brexit Developments: BoE Interest Rates in Focus

The British Pound has begun today trading slightly lower against the US Dollar (GBP/USD) and Euro (GBP/EUR). In general, markets don’t like uncertainty and foreign exchange is no exception to this. Few may see a hard Brexit making much sense for the UK economy, but there’s now a little more clarity over who the next Prime Minister may be--a development that was at least briefly applauded. There's no escaping the fact that the British Pound (GBP) remains beaten down against the likes of the Euro (EUR) and US Dollar (USD) given the ongoing questions that hang over the country’s future direction, but some clarity may now be emerging. British Pound Exchange Rate Cheered by the Prospect of Political Certainty The British Pound found some support yesterday, albeit only briefly, after a resounding win for Boris Johnson in the first round of the Conservative Party leadership elections. He ...

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June 13, 2019 8:47 am | AUD, Brexit, Central Banks, EUR, GBP, USD | by Charlie Murray

Pound Gains Despite Labour Defeat; ECB, Trump, Russian Ties Pressure Euro

The Pound has begun today trading lower against both the Euro (GBP/EUR) and US Dollar (GBP/USD). The Sterling Dollar exchange rate is trading at levels of 1.2672, while the Pound Euro currency pair resides at around 1.1216. There may be limited economic data in circulation right now, but the political agenda is ensuring that foreign currency markets remain volatile. From the idea that a new UK Prime Minister could still force through a no-deal Brexit against the will of parliament to Donald Trump threatening to interfere with Russian gas supplies to Europe, uncertainty looks set to remain very much in vogue. Euro Weakness sees Pound (GBP/EUR) Rise for a Second Day The British Pound posted a second day of gains over the Euro (GBP/EUR) yesterday, despite yesterday’s defeat in parliament for Labour. The opposition party had tabled a motion that would have stopped the UK leaving the EU ...

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June 12, 2019 8:32 am | AUD, EUR, GBP, USD | by Lauren Bessent

British Pound Rises on BoE Rate Hike Optimism; Gains Limited as Brexit Continues

Political uncertainty continues to act as a significant break on the Pound’s fortunes. Despite better than expected economic data yesterday, the Sterling exchange rate only saw modest gains over the US Dollar (GBP/USD) and Euro (GBP/EUR). Further clarity over who may win the Conservative Party election and whether this means a general election can be averted could now be the most significant driver as to whether the Pound can make a sustained move higher. British Pound Rises on Hopes of BoE Optimism, Despite UK Political Woes The Pound jumped yesterday after better-than-expected wage growth figures emerged. The solid performance here added weight to the idea that despite Brexit uncertainty, the Bank of England (BoE) may soon find itself as the outlier in terms of monetary policy. Unlike the Federal Reserve and the European Central Bank (ECB) who are both now on a dovish footing, the inflationary pressures ...

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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

June 24, 2019 8:48 am | AUD, EUR, GBP, USD | by Ashleigh Fox

British Pound Eyes Fifth Day of Gains Over US Dollar (GBP/USD), AUD/USD AUD/GBP Climbs

The Pound US Dollar exchange rate (GBP/USD) has been gaining since early last week. A whole host of factors have combined to provide support, including a resolute tone from the Bank of England (BoE) over interest rates, despite downgrading UK economic growth forecasts. Broad-based losses for the US Dollar after the Federal Reserve struck a more cautious note on the outlook for the US economy added further support for Cable, with the Pound now two-and-a-half cents up on last week’s lows. Gains are continuing in Monday’s early trade, despite the weekend’s news that could disrupt the Conservative Party leadership campaign. Boris Johnson is under increasing pressure to explain a domestic dispute, while a small number of rogue Conservative MPs also appear ready to support a vote of no confidence in him, should he be put forward as Prime Minister next month. Pound-Euro Exchange Rate Struggles for Direction Sterling ...

Read More
June 14, 2019 9:01 am | AUD, Brexit, Central Banks, EUR, GBP, NZD, Politics, USD | by Ashleigh Fox

Pound Choppy on Brexit Developments: BoE Interest Rates in Focus

The British Pound has begun today trading slightly lower against the US Dollar (GBP/USD) and Euro (GBP/EUR). In general, markets don’t like uncertainty and foreign exchange is no exception to this. Few may see a hard Brexit making much sense for the UK economy, but there’s now a little more clarity over who the next Prime Minister may be--a development that was at least briefly applauded. There's no escaping the fact that the British Pound (GBP) remains beaten down against the likes of the Euro (EUR) and US Dollar (USD) given the ongoing questions that hang over the country’s future direction, but some clarity may now be emerging. British Pound Exchange Rate Cheered by the Prospect of Political Certainty The British Pound found some support yesterday, albeit only briefly, after a resounding win for Boris Johnson in the first round of the Conservative Party leadership elections. He ...

Read More
June 13, 2019 8:47 am | AUD, Brexit, Central Banks, EUR, GBP, USD | by Charlie Murray

Pound Gains Despite Labour Defeat; ECB, Trump, Russian Ties Pressure Euro

The Pound has begun today trading lower against both the Euro (GBP/EUR) and US Dollar (GBP/USD). The Sterling Dollar exchange rate is trading at levels of 1.2672, while the Pound Euro currency pair resides at around 1.1216. There may be limited economic data in circulation right now, but the political agenda is ensuring that foreign currency markets remain volatile. From the idea that a new UK Prime Minister could still force through a no-deal Brexit against the will of parliament to Donald Trump threatening to interfere with Russian gas supplies to Europe, uncertainty looks set to remain very much in vogue. Euro Weakness sees Pound (GBP/EUR) Rise for a Second Day The British Pound posted a second day of gains over the Euro (GBP/EUR) yesterday, despite yesterday’s defeat in parliament for Labour. The opposition party had tabled a motion that would have stopped the UK leaving the EU ...

Read More
June 12, 2019 8:32 am | AUD, EUR, GBP, USD | by Lauren Bessent

British Pound Rises on BoE Rate Hike Optimism; Gains Limited as Brexit Continues

Political uncertainty continues to act as a significant break on the Pound’s fortunes. Despite better than expected economic data yesterday, the Sterling exchange rate only saw modest gains over the US Dollar (GBP/USD) and Euro (GBP/EUR). Further clarity over who may win the Conservative Party election and whether this means a general election can be averted could now be the most significant driver as to whether the Pound can make a sustained move higher. British Pound Rises on Hopes of BoE Optimism, Despite UK Political Woes The Pound jumped yesterday after better-than-expected wage growth figures emerged. The solid performance here added weight to the idea that despite Brexit uncertainty, the Bank of England (BoE) may soon find itself as the outlier in terms of monetary policy. Unlike the Federal Reserve and the European Central Bank (ECB) who are both now on a dovish footing, the inflationary pressures ...

Read More
June 11, 2019 8:26 am | Brexit, EUR, GBP, JPY, USD | by Ben Scott

Pound Jumps as UK Labour Data Impresses, British Politics Limit Gains

The British Pound was able to climb against the Euro (GBP/EUR) and US Dollar (GBP/USD) yesterday on better-than-forecast UK labour market data. The GBP/USD currency pair manages to trade above the 1.27 barrier as UK Average Weekly Earnings came in at 3.1% and employment registered a growth of 49K. However, the Pound has remained under pressure from Brexit uncertainty and the current Conservative Party leadership race. Voting will begin tomorrow.  Wednesday has begun with GBP/EUR trading at levels of 1.1236, while the GBP/USD currency pair trends in the region of 1.2744. Yesterday: A combination of political uncertainty in Westminster, plus the damaging impact the Brexit saga is having on the UK economy as a whole are combining to keep the Pound under pressure against both the US Dollar (GBP/USD) and Euro (GBP/EUR). With more high-profile economic news to come in the near-term and questions over where the ...

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Latest EUR News

June 24, 2019 8:48 am | AUD, EUR, GBP, USD | by Ashleigh Fox

British Pound Eyes Fifth Day of Gains Over US Dollar (GBP/USD), AUD/USD AUD/GBP Climbs

The Pound US Dollar exchange rate (GBP/USD) has been gaining since early last week. A whole host of factors have combined to provide support, including a resolute tone from the Bank of England (BoE) over interest rates, despite downgrading UK economic growth forecasts. Broad-based losses for the US Dollar after the Federal Reserve struck a more cautious note on the outlook for the US economy added further support for Cable, with the Pound now two-and-a-half cents up on last week’s lows. Gains are continuing in Monday’s early trade, despite the weekend’s news that could disrupt the Conservative Party leadership campaign. Boris Johnson is under increasing pressure to explain a domestic dispute, while a small number of rogue Conservative MPs also appear ready to support a vote of no confidence in him, should he be put forward as Prime Minister next month. Pound-Euro Exchange Rate Struggles for Direction Sterling ...

Read More
June 17, 2019 7:00 am | EUR, GBP | by Charlie Murray

Pound Euro Exchange Rate Forecast W/C 17th June

The Pound to Euro (GBP/EUR) exchange rate could be in for some significant fluctuations this week amid political developments, central bank decisions, and economic data.  Monday will begin with the UK Rightmove House Prices data for June. The previous reading only came in at 0.1%, and given Brexit uncertainty, a large jump is unlikely, but a positive number could help to buoy the Pound. ZEW Surveys and Inflation Data in Focus Tuesday will begin with the Eurozone's final inflation reading for May, as well as Eurozone and German ZEW Surveys detailing economic sentiment which could be influential for the Euro exchange rate. Wednesday will be an interesting day for the UK with the UK Consumer Price Index (CPI) for May. A rise in inflation could put some more pressure on the Bank of England's (BoE) Monetary Policy Committee (MPC) to reconsider its stance on monetary policy. Additionally, the UK ...

Read More
June 14, 2019 9:01 am | AUD, Brexit, Central Banks, EUR, GBP, NZD, Politics, USD | by Ashleigh Fox

Pound Choppy on Brexit Developments: BoE Interest Rates in Focus

The British Pound has begun today trading slightly lower against the US Dollar (GBP/USD) and Euro (GBP/EUR). In general, markets don’t like uncertainty and foreign exchange is no exception to this. Few may see a hard Brexit making much sense for the UK economy, but there’s now a little more clarity over who the next Prime Minister may be--a development that was at least briefly applauded. There's no escaping the fact that the British Pound (GBP) remains beaten down against the likes of the Euro (EUR) and US Dollar (USD) given the ongoing questions that hang over the country’s future direction, but some clarity may now be emerging. British Pound Exchange Rate Cheered by the Prospect of Political Certainty The British Pound found some support yesterday, albeit only briefly, after a resounding win for Boris Johnson in the first round of the Conservative Party leadership elections. He ...

Read More
June 13, 2019 8:47 am | AUD, Brexit, Central Banks, EUR, GBP, USD | by Charlie Murray

Pound Gains Despite Labour Defeat; ECB, Trump, Russian Ties Pressure Euro

The Pound has begun today trading lower against both the Euro (GBP/EUR) and US Dollar (GBP/USD). The Sterling Dollar exchange rate is trading at levels of 1.2672, while the Pound Euro currency pair resides at around 1.1216. There may be limited economic data in circulation right now, but the political agenda is ensuring that foreign currency markets remain volatile. From the idea that a new UK Prime Minister could still force through a no-deal Brexit against the will of parliament to Donald Trump threatening to interfere with Russian gas supplies to Europe, uncertainty looks set to remain very much in vogue. Euro Weakness sees Pound (GBP/EUR) Rise for a Second Day The British Pound posted a second day of gains over the Euro (GBP/EUR) yesterday, despite yesterday’s defeat in parliament for Labour. The opposition party had tabled a motion that would have stopped the UK leaving the EU ...

Read More
June 12, 2019 8:32 am | AUD, EUR, GBP, USD | by Lauren Bessent

British Pound Rises on BoE Rate Hike Optimism; Gains Limited as Brexit Continues

Political uncertainty continues to act as a significant break on the Pound’s fortunes. Despite better than expected economic data yesterday, the Sterling exchange rate only saw modest gains over the US Dollar (GBP/USD) and Euro (GBP/EUR). Further clarity over who may win the Conservative Party election and whether this means a general election can be averted could now be the most significant driver as to whether the Pound can make a sustained move higher. British Pound Rises on Hopes of BoE Optimism, Despite UK Political Woes The Pound jumped yesterday after better-than-expected wage growth figures emerged. The solid performance here added weight to the idea that despite Brexit uncertainty, the Bank of England (BoE) may soon find itself as the outlier in terms of monetary policy. Unlike the Federal Reserve and the European Central Bank (ECB) who are both now on a dovish footing, the inflationary pressures ...

Read More
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