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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

September 18, 2018 3:36 pm | Central Banks, GBP, TRY, USD, ZAR | by Charlie Murray

Pound to US Dollar (GBP/USD) at Eight-Week High after UK Inflation Jump; GBP/EUR Climbs

The Pound to US Dollar (GBP/USD) and Pound to Euro (GBP/EUR) exchange rates managed to climb during Wednesday's European session after the UK's latest inflation print beat economists' forecasts. The UK's Core Consumer Price Index (CPI) came in at 2.1% on the year in August, climbing from 1.9%, while the non-core measure reached 2.7% from the former 2.5%. Sterling has reached an eight-week high against the US Dollar, trading above the 1.32 level as inflation hit it's highest level in six months. The Bank of England (BoE) could now find itself under more pressure to raise interest rates. Earlier: The Pound exchange rate put in a mixed performance on Tuesday, climbing against the US Dollar (GBP/USD), yet sliding against the Euro (GBP/EUR) and South African Rand (GBP/ZAR). However, Sterling still managed to climb by over 1.0% against the struggling Turkish Lira (GBP/TRY). Pound Exchange Rate ...

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September 14, 2018 9:48 am | Brexit, Central Banks, GBP, USD | by Lauren Bessent

Pound Hits a Six-Week High Vs US Dollar (GBP/USD); EUR/USD Recovers

The Pound reached a six-week high versus the US dollar (GBP/USD) on Friday, despite warnings about a no-deal Brexit from Bank of England (BoE) Governor Mark Carney. Bank of England's (BoE) Carney Warns Over Brexit Recession and Housing Price Slump The central banker suggested the impact of Britain leaving the EU without a deal could be similar to that of the Global Financial Crisis (GFC) in 2008, with the potential for house prices to drop by around a third. US Dollar weakness has been a theme this week, and with markets confident the UK and EU will reach a deal, sterling has had the opportunity to regain some ground. So far in Friday’s session, the Pound to US Dollar (GBP/USD) exchange rate has reached highs of 1.3138, while the sterling to euro (GBP/EUR) currency pair has hit levels of 1.1222. Both the Euro and Pound have been able ...

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September 11, 2018 11:06 am | Brexit, GBP, Politics | by Ashleigh Fox

Pound Exchange Rate Climbs on Brexit Optimism and UK Wage Growth (GBP/EUR, GBP/USD)

The Pound remained in a tight range against the US Dollar (GBP/USD) and Euro (GBP/EUR) exchange rates on Tuesday after economic data showed an upswing in UK wage growth.  Pound Exchange Rate Supported by Brexit Optimism and UK Wage Growth The Pound to US Dollar exchange rate broke through the 1.30 key psychological barrier on Monday and held above this level approaching midday in Tuesday's trading session. GBP/USD has so far today traded between interbank lows of 1.2988 and highs of 1.3086. Meanwhile, the Pound to Euro exchange rate traded at levels of 1.12 after a brief sashay down to 1.11.  The GBP/EUR currency pair has been trending between 1.1187 and 1.1250 so far in Tuesday's session. UK economic data showed a 3K change in employment in the three months through July, a little lower than the 9K forecast and significantly below the previous 42K reading. Meanwhile, the ...

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September 6, 2018 11:07 am | Brexit, GBP, USD | by Charlie Murray

Pound Exchange Rate Higher (GBP/EUR, GBP/USD); German Factory Orders Disappoint

The Pound exchange rate has been able to climb versus the US Dollar (GBP/USD) and Euro (GBP/EUR) on Thursday morning after German data disappointed and investors awaited high-tier US ecostats. Yesterday morning, the latest Markit Services Purchasing Managers' Index (PMI) beat market expectations coming in at 54.3, pointing to robust growth in the sector. The data follows other UK PMI readings this week and could point towards economic growth in the region of 0.4% in the third quarter, which would match Q2's expansion. Like the manufacturing and construction indices, the services report was marred with signs the sector is hitting its supply capacity, suggesting the UK is in the late stages of its expansion. Increased work backlogs and labour shortages have been features of all three reports. The fall in the US’s July Trade Balance showed signs that Trump’s trade tactics may be worsening the US’s trade ...

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September 5, 2018 12:04 pm | Brexit, Central Banks, GBP | by Charlie Murray

Pound Exchange Rate Sinks Despite Services Pick-Up; Carney Creates Headlines

This morning the Pound exchange rate has fallen against the Euro (GBP/EUR), US Dollar (GBP/USD) and other majors across the board, despite an upswing in UK service sector data. The Pound's had a tough start to the week; yesterday, the UK’s Markit/CIPS Construction Purchasing Managers' Index (PMI) proved that July’s stellar 14-month high was an outlier, caused by the sector playing catch-up from weather dampened activity at the start of 2018. Construction still recorded reasonable growth in August, however, albeit more moderate. UK Construction Falls as Brexit Bites Yesterday's Construction PMI reiterated a sentiment in Monday's Manufacturing PMI: Brexit uncertainty is holding back investment spending. Investment accounts for only 17% of UK GDP. The limited contribution of investment to UK output caught many economists off-guard in the immediate aftermath of the Brexit referendum. The Brexit uncertainty inspired decline in investment was not enough to plunge the UK into ...

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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

September 18, 2018 3:36 pm | Central Banks, GBP, TRY, USD, ZAR | by Charlie Murray

Pound to US Dollar (GBP/USD) at Eight-Week High after UK Inflation Jump; GBP/EUR Climbs

The Pound to US Dollar (GBP/USD) and Pound to Euro (GBP/EUR) exchange rates managed to climb during Wednesday's European session after the UK's latest inflation print beat economists' forecasts. The UK's Core Consumer Price Index (CPI) came in at 2.1% on the year in August, climbing from 1.9%, while the non-core measure reached 2.7% from the former 2.5%. Sterling has reached an eight-week high against the US Dollar, trading above the 1.32 level as inflation hit it's highest level in six months. The Bank of England (BoE) could now find itself under more pressure to raise interest rates. Earlier: The Pound exchange rate put in a mixed performance on Tuesday, climbing against the US Dollar (GBP/USD), yet sliding against the Euro (GBP/EUR) and South African Rand (GBP/ZAR). However, Sterling still managed to climb by over 1.0% against the struggling Turkish Lira (GBP/TRY). Pound Exchange Rate ...

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September 14, 2018 9:48 am | Brexit, Central Banks, GBP, USD | by Lauren Bessent

Pound Hits a Six-Week High Vs US Dollar (GBP/USD); EUR/USD Recovers

The Pound reached a six-week high versus the US dollar (GBP/USD) on Friday, despite warnings about a no-deal Brexit from Bank of England (BoE) Governor Mark Carney. Bank of England's (BoE) Carney Warns Over Brexit Recession and Housing Price Slump The central banker suggested the impact of Britain leaving the EU without a deal could be similar to that of the Global Financial Crisis (GFC) in 2008, with the potential for house prices to drop by around a third. US Dollar weakness has been a theme this week, and with markets confident the UK and EU will reach a deal, sterling has had the opportunity to regain some ground. So far in Friday’s session, the Pound to US Dollar (GBP/USD) exchange rate has reached highs of 1.3138, while the sterling to euro (GBP/EUR) currency pair has hit levels of 1.1222. Both the Euro and Pound have been able ...

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September 6, 2018 11:07 am | Brexit, GBP, USD | by Charlie Murray

Pound Exchange Rate Higher (GBP/EUR, GBP/USD); German Factory Orders Disappoint

The Pound exchange rate has been able to climb versus the US Dollar (GBP/USD) and Euro (GBP/EUR) on Thursday morning after German data disappointed and investors awaited high-tier US ecostats. Yesterday morning, the latest Markit Services Purchasing Managers' Index (PMI) beat market expectations coming in at 54.3, pointing to robust growth in the sector. The data follows other UK PMI readings this week and could point towards economic growth in the region of 0.4% in the third quarter, which would match Q2's expansion. Like the manufacturing and construction indices, the services report was marred with signs the sector is hitting its supply capacity, suggesting the UK is in the late stages of its expansion. Increased work backlogs and labour shortages have been features of all three reports. The fall in the US’s July Trade Balance showed signs that Trump’s trade tactics may be worsening the US’s trade ...

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August 30, 2018 6:49 am | GBP, USD | by Ashleigh Fox

Pound Rebounds Against US Dollar and Euro (GBPUSD, GBPEUR) on Brexit Glimmer

The Pound was offered the opportunity to climb against the Euro (GBP/EUR) and US Dollar (GBP/USD) on Wednesday after EU negotiator Michel Barnier suggested that the UK could get a good Brexit deal. Barnier said: ‘We are prepared to offer Britain a partnership such as there never has been with any other third country.’ As a result, the Pound to US Dollar exchange rate clambered across the 1.30 mark while the Pound to Euro (GBP/EUR) exchange rate rose above 1.11 and has remained in this region today. Chief Economist at Global Reach, Eimear Daly commented: ‘Ahead of yesterday, the Pound was priced for a no-deal Brexit, the worst case scenario. Barnier’s comments brought a dose of reality to FX markets. The EU has a motive to reach an agreement with the UK and in the history of EU politics, an eleventh-hour agreement is usually reached. The Pound has ...

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August 29, 2018 6:49 am | EUR, GBP, USD | by Ashleigh Fox

Pound to Euro (GBP/EUR) Exchange Rate Climbs, GBP/USD Awaiting US GDP

The Pound to Euro (GBP/EUR) exchange rate has been climbing this morning, after falling to an almost one-year low this week as Brexit concerns weighed on markets. This week, French Prime Minister Edouard Philippe called for ministers to begin preparing for a no-deal Brexit as a contingency. France Prepares for No Deal Brexit, Pound Softens to Almost One-Year Low Vs Euro (GBP/EUR) The statement from the French PM’s office said that he had ‘tasked ministers to prepare contingency measures that would be necessary to mitigate the difficulties linked with this unprecedented challenge.’ It seems parts of the EU are getting jittery as Brexit progress fails to be seen; with the October deal deadline just around the corner, there’s a significant amount of work to be done, not to mention the potential for political instability should negotiations head south. Additionally, reports have surfaced that MPs could be denied access ...

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Latest EUR News

6:49 am | EUR, GBP, USD | by Ashleigh Fox

Pound to Euro (GBP/EUR) Exchange Rate Climbs, GBP/USD Awaiting US GDP

The Pound to Euro (GBP/EUR) exchange rate has been climbing this morning, after falling to an almost one-year low this week as Brexit concerns weighed on markets. This week, French Prime Minister Edouard Philippe called for ministers to begin preparing for a no-deal Brexit as a contingency. France Prepares for No Deal Brexit, Pound Softens to Almost One-Year Low Vs Euro (GBP/EUR) The statement from the French PM’s office said that he had ‘tasked ministers to prepare contingency measures that would be necessary to mitigate the difficulties linked with this unprecedented challenge.’ It seems parts of the EU are getting jittery as Brexit progress fails to be seen; with the October deal deadline just around the corner, there’s a significant amount of work to be done, not to mention the potential for political instability should negotiations head south. Additionally, reports have surfaced that MPs could be denied access ...

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August 6, 2018 6:44 am | EUR, GBP, USD | by Ashleigh Fox

Pound at 11-Month Lows (GBP/USD) – Pound to Euro (GBP/EUR) Exchange Rate Sinks

The Pound hit an 11-month low against the US Dollar (GBP/USD) on Monday while also falling against the Euro (GBP/EUR) as the UK’s Trade Secretary Liam Fox suggested that a no-deal scenario was now more likely than not. The Pound fell last week when Bank of England (BoE) Governor Mark Carney said there was an ‘uncomfortably high’ risk of a no deal Brexit taking place, and now it seems others are in agreement. Pound Exchange Rate Forecast to Sink Further if No Brexit Deal Emerges Just a year ago, Fox said that a deal between the UK and EU would be ‘one of the easiest in human history’, but now seems to have changed his opinion. Fox said: ‘I think the intransigence of the commission is pushing us towards no deal. We have set out the basis in which a deal can happen but if the EU decides ...

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July 27, 2018 9:20 am | Brexit, EUR, GBP | by Ashleigh Fox

French Growth Disappoints but Euro Still Climbs Against Pound (EUR/GBP) on Brexit

With French Gross Domestic Product (GDP) hitting the floor on Friday morning, markets might not be blamed for thinking the Pound could make some gains against the Euro (GBP/EUR), but with Brexit in the background, the Sterling exchange rate is feeling the pressure. French GDP Growth Sinks - EUR Exchange Rate Remains Stable French GDP came in at 0.2% in the second quarter on a quarter-on-quarter basis, while the annual figure slipped from 2.2% to 1.7% and it's now speculated that Emmanuel Macron's government will fail to hit its growth targets for 2018. The downturn has been attributed to industrial action in French transport. Statistics agency INSEE commented: 'In services, the slowdown was notably driven by the downturn in transport expenses (-3.2% after +1.0%) mainly in rail transport as a result of strikes.' Brexit Deal Rejection Keeps Pound Sterling Exchange Rate in Check However, while the market brushes off the ...

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July 24, 2018 11:19 am | EUR, GBP, USD | by Ashleigh Fox

Pound Exchange Rate (GBP/EUR, GBP/USD) Higher; CBI Data, BoE Broadbent Comments, Eurozone Growth in Focus

The Pound to Euro (GBP/EUR) and Sterling to US Dollar (GBP/USD) exchange rates are trading slightly higher on Tuesday as markets digest economic data and central bank developments. Pound Reacts to BoE's Broadbent Comments on Interest Rate Hikes Dovish comments by Bank of England (BoE) Deputy Governor Ben Broadbent did little to help the Pound yesterday. Broadbent was the last BoE speaker ahead of the August monetary policy meeting. The central banker suggested that the BoE's quantitative easing programme could cool inflation which may in turn result in a delayed interest rate hike. Data out from the Eurozone today has shown a slowdown in growth. The Eurozone Services Purchasing Managers' Index (PMI) came in at 54.4 in July, a slip from the previous 55.2 reading. However, the Composite PMI took a tumble too, falling from 54.9 to 54.3. The composite measure has declined on account of trade ...

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July 17, 2018 11:44 am | EUR, GBP, USD | by Ashleigh Fox

Pound Exchange Rate Forecast: GBP/EUR, GBP/USD in Tight Range – BoE, Weekly Earnings, Vote Leave in Focus

The Pound (GBP) exchange rate is reacting to news headlines this morning, currently trending in a tight range against the Euro (GBP/EUR) and US Dollar (GBP/USD) after central bank, economic, and political developments have all taken place. The Pound to Euro (GBP/EUR) exchange rate is trading between interbank highs of 1.1307 and lows of 1.1281 today, while the Pound to US Dollar (GBP/USD) exchange rate trends between the regions of 1.3227 and 1.3268. UK Wage Growth Falls as Unemployment Remains Stable, GBP/EUR in Tight Range The UK's Unemployment Rate number remained at 4.2% in the three months through May on the year. Meanwhile, Average Weekly Earnings softened from a positively revised 2.6% to 2.5% in the same time period, while Average Weekly Earnings Excluding Bonuses fell from 2.8% to 2.7%. Meanwhile, in positive news, the UK Employment Change stat printed above the 115K forecast to ...

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