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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 18, 2019 3:30 pm | Brexit, GBP | by Ashleigh Fox

Pound Tumbles as New Brexit Deadlines Come into Focus

It had been a stellar run-up to the UK election for the Pound exchange rate, with gains across the board. But since the initial election euphoria, markets have come back down to earth. Not only does the UK face another year of uncertainty, but there are also two new Brexit deadlines in play. One will be the obvious end of year election when the UK is supposed to officially end its transition period. The new Conservative government has stated it won't extend the UK's stay in the EU beyond this point, so the UK could face a no-deal or cliff-edge departure by the close of 2020. This would leave the UK floundering and adopting World Trade Organisation rules--something that could put pressure on the Sterling exchange rate and the economy. But before that, markets have another reason to be concerned. According to EU insiders, June is the ...

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December 13, 2019 8:17 am | Brexit, EUR, GBP, USD | by Ashleigh Fox

Pound Rockets as Conservatives Gain Majority

The Pound surged across the board in the later hours of Thursday and throughout Friday morning after the Conservative Party secured a majority as many polls had anticipated. Once the exit polls were released, indicating a landslide Tory victory, the Pound jumped to near three-and-a-half-year highs versus the Euro (GBP/EUR) and to the highest level against the US Dollar since May 2018. GBP/EUR reached a high of 1.2077, while GBP/USD hit levels of 1.3514. Now, the Conservative Party will attempt to pass its Brexit deal in the coming weeks to rule out a no-deal exit on January 31st. Following that, Prime Minister Boris Johnson will be tasked with organising trade arrangements before the close of 2020. The government has previously stated it won't extend the deadline past the end of the year, but EU representatives have been reported as saying it would be impossible to complete ...

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October 1, 2019 2:29 pm | AUD, GBP, USD | by Ashleigh Fox

Australian Dollar Falls Following RBA Rate Cut – More Cuts Ahead?

Overnight, the Australian Dollar experienced some movement when the Reserve Bank of Australia (RBA) opted to cut interest rates by 25 basis points to 0.75%. The move was largely expected, and came as the third reduction to the cash rate in five months. The Australian Dollar exchange rate initially spiked on the news before falling back as markets reviewed RBA comments. While the Reserve Bank of Australia may be attempting to stimulate low inflation and employment, the central bank may be giving itself a headache in other respects, such as housing. Since the first rate cut in June--which was followed by another in July--house prices in Sydeny and Melbourne have risen by around 3.5%. Meanwhile, inflation has only registered a 1.6% increase. RBA Governor Philip Lowe commented: 'The low level of interest rates, recent tax cuts, ongoing spending on infrastructure, signs of stabilisation in some established ...

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September 24, 2019 12:56 pm | Brexit, EUR, GBP, USD | by Ashleigh Fox

Pound Higher as Supreme Court Rules; GBP/EUR, GBP/USD Forecast

The Pound has been trending higher against a basket full of majors this morning. Brexit developments have been unfolding, with the Supreme Court ruling that Boris Johnson's prorogation of Parliament was unlawful. Lady Hale gave her judgement, saying that the prorogation was 'unlawful, void, and of no effect', that the decision impeded Parliament, and 'the effect on the fundamentals of democracy was extreme.' Since the news, many politicians have called for Johnson's resignation. Labour leader Jeremy Corbyn said Boris Johnson needed to 'in the historic words, consider his position'. The SNP has also called for Boris to resign, with Joanna Cherry saying: 'Boris Johnson's position is untenable and he should have the guts to resign.' Meanwhile, Nigel Farage, former UKIP leader and head of the Brexit Party has called for Johnson's chief of staff, Dominic Cummings to resign, Tweeting:  Liberal Democrats leader Jo Swinson also suggested Boris Johnson ...

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September 4, 2019 12:22 pm | Brexit, EUR, GBP, Politics, USD | by Ashleigh Fox

Pound Recovers as Markets Eye Brexit Extension and Snap Election

The British Pound exchange rate has been strengthening in Wednesday's European session after falling to its lowest level in three years yesterday. Boris Johnson suffered a defeat in the House of Commons on Tuesday night, which has offered the British currency some support as MPs have taken control of the Parliamentary agenda. Today, MPs will vote on whether the possibility of a no-deal Brexit on October 31st can be ruled out--an event which could see the Pound Euro and Pound US Dollar exchange rates supported further.  However, Boris Johnson has threatened to hold a snap election in October should the bill be made into law, and proceeded to kick out 21 Conservative MPs from the Parliamentary party who rebelled against him. No-Deal Brexit Risk Drives Pound Sterling Exchange Rate The risk of a no-deal Brexit has been driving a lot of market movement; Goldman Sachs has now placed ...

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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

January 14, 2020 5:06 pm | CHF, EUR, USD | by Charlie Murray

Swiss franc Hits Near Three-Year High as US Marks SNB as Currency Manipulator

The Swiss Franc hit its highest level versus the Euro (CHF/EUR) in almost three years on Tuesday after developments from the US. After the calming of recent US-China trade tensions, the US has removed China as a 'currency manipulator', but has now added Switzerland to the list. Other countries on the list include Germany, South Korea, and Japan.  The US Treasury Department stated that it had concerns about Switzerland's currency practices, and suggested the nation had 'markedly' increased foreign exchange purchases since the middle of 2019. In recent years, the Swiss National Bank has intervened in currency markets, buying foreign currencies to ease demand for the Franc. The Swiss Franc, or Swissie, is seen as a safe-haven asset, meaning in times of geopolitical tensions or uncertainty, markets tend to seek it out, causing it to rise. Another currency with a similar safe-haven status is the Japanese Yen, and ...

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December 13, 2019 8:17 am | Brexit, EUR, GBP, USD | by Ashleigh Fox

Pound Rockets as Conservatives Gain Majority

The Pound surged across the board in the later hours of Thursday and throughout Friday morning after the Conservative Party secured a majority as many polls had anticipated. Once the exit polls were released, indicating a landslide Tory victory, the Pound jumped to near three-and-a-half-year highs versus the Euro (GBP/EUR) and to the highest level against the US Dollar since May 2018. GBP/EUR reached a high of 1.2077, while GBP/USD hit levels of 1.3514. Now, the Conservative Party will attempt to pass its Brexit deal in the coming weeks to rule out a no-deal exit on January 31st. Following that, Prime Minister Boris Johnson will be tasked with organising trade arrangements before the close of 2020. The government has previously stated it won't extend the deadline past the end of the year, but EU representatives have been reported as saying it would be impossible to complete ...

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October 1, 2019 2:29 pm | AUD, GBP, USD | by Ashleigh Fox

Australian Dollar Falls Following RBA Rate Cut – More Cuts Ahead?

Overnight, the Australian Dollar experienced some movement when the Reserve Bank of Australia (RBA) opted to cut interest rates by 25 basis points to 0.75%. The move was largely expected, and came as the third reduction to the cash rate in five months. The Australian Dollar exchange rate initially spiked on the news before falling back as markets reviewed RBA comments. While the Reserve Bank of Australia may be attempting to stimulate low inflation and employment, the central bank may be giving itself a headache in other respects, such as housing. Since the first rate cut in June--which was followed by another in July--house prices in Sydeny and Melbourne have risen by around 3.5%. Meanwhile, inflation has only registered a 1.6% increase. RBA Governor Philip Lowe commented: 'The low level of interest rates, recent tax cuts, ongoing spending on infrastructure, signs of stabilisation in some established ...

Read More
September 24, 2019 12:56 pm | Brexit, EUR, GBP, USD | by Ashleigh Fox

Pound Higher as Supreme Court Rules; GBP/EUR, GBP/USD Forecast

The Pound has been trending higher against a basket full of majors this morning. Brexit developments have been unfolding, with the Supreme Court ruling that Boris Johnson's prorogation of Parliament was unlawful. Lady Hale gave her judgement, saying that the prorogation was 'unlawful, void, and of no effect', that the decision impeded Parliament, and 'the effect on the fundamentals of democracy was extreme.' Since the news, many politicians have called for Johnson's resignation. Labour leader Jeremy Corbyn said Boris Johnson needed to 'in the historic words, consider his position'. The SNP has also called for Boris to resign, with Joanna Cherry saying: 'Boris Johnson's position is untenable and he should have the guts to resign.' Meanwhile, Nigel Farage, former UKIP leader and head of the Brexit Party has called for Johnson's chief of staff, Dominic Cummings to resign, Tweeting:  Liberal Democrats leader Jo Swinson also suggested Boris Johnson ...

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September 4, 2019 12:22 pm | Brexit, EUR, GBP, Politics, USD | by Ashleigh Fox

Pound Recovers as Markets Eye Brexit Extension and Snap Election

The British Pound exchange rate has been strengthening in Wednesday's European session after falling to its lowest level in three years yesterday. Boris Johnson suffered a defeat in the House of Commons on Tuesday night, which has offered the British currency some support as MPs have taken control of the Parliamentary agenda. Today, MPs will vote on whether the possibility of a no-deal Brexit on October 31st can be ruled out--an event which could see the Pound Euro and Pound US Dollar exchange rates supported further.  However, Boris Johnson has threatened to hold a snap election in October should the bill be made into law, and proceeded to kick out 21 Conservative MPs from the Parliamentary party who rebelled against him. No-Deal Brexit Risk Drives Pound Sterling Exchange Rate The risk of a no-deal Brexit has been driving a lot of market movement; Goldman Sachs has now placed ...

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Latest EUR News

January 14, 2020 5:06 pm | CHF, EUR, USD | by Charlie Murray

Swiss franc Hits Near Three-Year High as US Marks SNB as Currency Manipulator

The Swiss Franc hit its highest level versus the Euro (CHF/EUR) in almost three years on Tuesday after developments from the US. After the calming of recent US-China trade tensions, the US has removed China as a 'currency manipulator', but has now added Switzerland to the list. Other countries on the list include Germany, South Korea, and Japan.  The US Treasury Department stated that it had concerns about Switzerland's currency practices, and suggested the nation had 'markedly' increased foreign exchange purchases since the middle of 2019. In recent years, the Swiss National Bank has intervened in currency markets, buying foreign currencies to ease demand for the Franc. The Swiss Franc, or Swissie, is seen as a safe-haven asset, meaning in times of geopolitical tensions or uncertainty, markets tend to seek it out, causing it to rise. Another currency with a similar safe-haven status is the Japanese Yen, and ...

Read More
December 13, 2019 8:17 am | Brexit, EUR, GBP, USD | by Ashleigh Fox

Pound Rockets as Conservatives Gain Majority

The Pound surged across the board in the later hours of Thursday and throughout Friday morning after the Conservative Party secured a majority as many polls had anticipated. Once the exit polls were released, indicating a landslide Tory victory, the Pound jumped to near three-and-a-half-year highs versus the Euro (GBP/EUR) and to the highest level against the US Dollar since May 2018. GBP/EUR reached a high of 1.2077, while GBP/USD hit levels of 1.3514. Now, the Conservative Party will attempt to pass its Brexit deal in the coming weeks to rule out a no-deal exit on January 31st. Following that, Prime Minister Boris Johnson will be tasked with organising trade arrangements before the close of 2020. The government has previously stated it won't extend the deadline past the end of the year, but EU representatives have been reported as saying it would be impossible to complete ...

Read More
September 24, 2019 12:56 pm | Brexit, EUR, GBP, USD | by Ashleigh Fox

Pound Higher as Supreme Court Rules; GBP/EUR, GBP/USD Forecast

The Pound has been trending higher against a basket full of majors this morning. Brexit developments have been unfolding, with the Supreme Court ruling that Boris Johnson's prorogation of Parliament was unlawful. Lady Hale gave her judgement, saying that the prorogation was 'unlawful, void, and of no effect', that the decision impeded Parliament, and 'the effect on the fundamentals of democracy was extreme.' Since the news, many politicians have called for Johnson's resignation. Labour leader Jeremy Corbyn said Boris Johnson needed to 'in the historic words, consider his position'. The SNP has also called for Boris to resign, with Joanna Cherry saying: 'Boris Johnson's position is untenable and he should have the guts to resign.' Meanwhile, Nigel Farage, former UKIP leader and head of the Brexit Party has called for Johnson's chief of staff, Dominic Cummings to resign, Tweeting:  Liberal Democrats leader Jo Swinson also suggested Boris Johnson ...

Read More
September 4, 2019 12:22 pm | Brexit, EUR, GBP, Politics, USD | by Ashleigh Fox

Pound Recovers as Markets Eye Brexit Extension and Snap Election

The British Pound exchange rate has been strengthening in Wednesday's European session after falling to its lowest level in three years yesterday. Boris Johnson suffered a defeat in the House of Commons on Tuesday night, which has offered the British currency some support as MPs have taken control of the Parliamentary agenda. Today, MPs will vote on whether the possibility of a no-deal Brexit on October 31st can be ruled out--an event which could see the Pound Euro and Pound US Dollar exchange rates supported further.  However, Boris Johnson has threatened to hold a snap election in October should the bill be made into law, and proceeded to kick out 21 Conservative MPs from the Parliamentary party who rebelled against him. No-Deal Brexit Risk Drives Pound Sterling Exchange Rate The risk of a no-deal Brexit has been driving a lot of market movement; Goldman Sachs has now placed ...

Read More
August 8, 2019 9:59 am | EUR, GBP, USD, ZAR | by Lauren Bessent

Pound Euro Depressed, US Dollar Unmoved by Data, Rand Hits Lows

Macroeconomic data is thin on the ground, and what has been released of late is having little impact on major currencies. The Pound – Euro rate (GBP/EUR) remains depressed despite poor German manufacturing data, whilst Sterling – US Dollar (GBP/USD) was unmoved by slow growth in US consumer borrowing. The worsening economic situation in South Africa has, however, proved sufficient to drive GBP/ZAR up to seven-week highs. Weak German Economic Data Fails to Dent Euro Exchange Rate Despite mounting fears of a recession in the Eurozone after Germany’s Industrial Production reading fell faster than had been expected yesterday, the Pound – Euro exchange rate (GBP/EUR) remains close to recent lows. The news from Germany was sufficient to provide some short-lived support for Sterling, but with an increasingly complex constitutional problem brewing in Westminster as Boris Johnson bids to force through Brexit at whatever price, confidence in the ...

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