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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

October 20, 2018 7:45 am | EUR, GBP, USD | by Lauren Bessent

Pound, Euro, US Dollar Exchange Rate Forecast w/c 22/10

There are lots of economic events forecast to influence the Pound (GBP), Euro (EUR), and US Dollar (USD) exchange rates in the week ahead. From US growth numbers, to European interest rate decisions.  Pound Sterling (GBP) Exchange Rate Forecast The week ahead is quite quiet in terms of economic data. Tuesday will see the release of the latest CBI Business Optimism Index and CBI Industrial Trends Orders data. Meanwhile, Wednesday will bring with it the UK Financial Mortgage Approvals number for September. Friday will close the week with the CBI Distributive Trades number. Economic data has taken a bit of a back seat of late with Brexit so close. Brexit developments have been influencing Sterling since the vote, but with only 160 days to go, crunch time approaches. Comments from the EU and UK could create Pound Sterling exchange rate movements. With no November summit scheduled, investors will ...

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October 19, 2018 9:21 am | Brexit, EUR, GBP, TRY, USD | by Ashleigh Fox

Pound to Euro, US Dollar, Exchange Rates Begin Friday Firmer; GBP/TRY Climbs

The Pound exchange rate has begun Friday recouping some of the recent losses against the Euro (GBP/EUR) and US Dollar (GBP/USD). Today, markets are busy digesting the latest public sector finance figures, and the week's Brexit developments. Pound Exchange Rate Forecast: EU Extension Doesn't Go Down Well at Home With only 161 days to go until Brexit, Theresa May looks to be in an awkward position. The EU has deemed not enough progress has been made to hold a November summit. Meanwhile, May downplays the idea of an extended transition deal. This really only leaves the space between now and the January deadline to create a deal ahead of the March 29th Brexit day. There had been such high hopes for this week's Brexit summit. While no breakthroughs have been made, there's some optimism that progress is happening. The UK and EU seem to think there's good reason ...

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October 18, 2018 8:13 am | Brexit, GBP | by Ashleigh Fox

Pound Exchange Rate Reacts to Brexit Conundrum, UK Retail Sales Flop

Update: Sterling begins Friday in the region of 1.3020 versus the US Dollar (GBP/USD) and 1.1382 against the Euro (GBP/EUR). Yesterday, Theresa May got through the Brexit summit, while downplaying the idea there could be an extended transition period. While no special summit in November has been called, May has been left in a tricky predicament to quickly concrete a deal before the January deadline. The Democratic Unionist Party which props up May's Government commented on a transition extension, saying: 'Such an extension would cost United Kingdom billions of pounds, yet our fundamental problem with the EU proposal remains.' Additionally, UK Retail Sales contracted by -0.8% in September, a larger-than-forecast drop. The Office for National Statistics (ONS) said: 'In September 2018, the quantity bought declined by 0.8% when compared with August 2018, due mainly to a large fall of 1.5% in food stores; the largest decline in ...

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October 17, 2018 2:52 pm | Brexit, GBP | by Ashleigh Fox

Pound Sterling Forecast: This Week’s Brexit Events

The Pound exchange rate could face some extra volatility in the next few days on Brexit as leaders meet for the European Council summit. Between here and the December summit there's plenty that could happen to create Sterling movement. Here's the short-term expected schedule: 6pm: Leaders Arrive for the Meeting National leaders and the European Council President Donald Tusk will arrive. Comments to any media outlets could create some exchange rate movement. Statements made by UK Prime Minister Theresa May, French President Emmanuel Macron, German Chancellor Angela Merkel, and Donald Tusk will likely be the most influential. 7pm: Theresa May Takes the Stage  At around 7pm, UK PM May will address the EU 27. Her topic of speech is pegged to cover the UK's assessment of Brexit negotiations so far. May will push EU leaders to agree on a Brexit deal. 7pm Onwards: Working Dinner After Theresa May's speech, she'll leave the ...

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8:51 am | AUD, EUR, GBP | by Ashleigh Fox

Pound Exchange Rate (GBP/AUD, GBP/EUR) Falls on UK Inflation and Brexit

The Pound to Euro (GBP/EUR) and Sterling to Australian Dollar (GBP/AUD) exchange rates tumbled on Wednesday morning. Investors were disappointed with the latest UK inflation data amid a backdrop of Brexit negotiations. Update: As the session continued, Sterling still remained lower against a basket of currency majors, residing around -0.23% lower against the Aussie Dollar and -0.10% weaker against the Euro. UK Inflation Sinks, Dragging the Pound Exchange Rate Down The UK's inflation rate dropped from 2.7% to 2.4%, bypassing forecasts of 2.6%. Meanwhile, the core inflation rate dropped from 2.0% to 1.9%. The Pound exchange rate tumbled on the news as it alleviates some of the pressure on the Bank of England (BoE) to hike interest rates. Global Reach Chief Economist Eimear Daly said: 'We expect the impact of past Sterling depreciation to continue to fall out of the annual calculation, dragging CPI back towards the Bank of ...

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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

October 20, 2018 7:45 am | EUR, GBP, USD | by Lauren Bessent

Pound, Euro, US Dollar Exchange Rate Forecast w/c 22/10

There are lots of economic events forecast to influence the Pound (GBP), Euro (EUR), and US Dollar (USD) exchange rates in the week ahead. From US growth numbers, to European interest rate decisions.  Pound Sterling (GBP) Exchange Rate Forecast The week ahead is quite quiet in terms of economic data. Tuesday will see the release of the latest CBI Business Optimism Index and CBI Industrial Trends Orders data. Meanwhile, Wednesday will bring with it the UK Financial Mortgage Approvals number for September. Friday will close the week with the CBI Distributive Trades number. Economic data has taken a bit of a back seat of late with Brexit so close. Brexit developments have been influencing Sterling since the vote, but with only 160 days to go, crunch time approaches. Comments from the EU and UK could create Pound Sterling exchange rate movements. With no November summit scheduled, investors will ...

Read More
October 19, 2018 9:21 am | Brexit, EUR, GBP, TRY, USD | by Ashleigh Fox

Pound to Euro, US Dollar, Exchange Rates Begin Friday Firmer; GBP/TRY Climbs

The Pound exchange rate has begun Friday recouping some of the recent losses against the Euro (GBP/EUR) and US Dollar (GBP/USD). Today, markets are busy digesting the latest public sector finance figures, and the week's Brexit developments. Pound Exchange Rate Forecast: EU Extension Doesn't Go Down Well at Home With only 161 days to go until Brexit, Theresa May looks to be in an awkward position. The EU has deemed not enough progress has been made to hold a November summit. Meanwhile, May downplays the idea of an extended transition deal. This really only leaves the space between now and the January deadline to create a deal ahead of the March 29th Brexit day. There had been such high hopes for this week's Brexit summit. While no breakthroughs have been made, there's some optimism that progress is happening. The UK and EU seem to think there's good reason ...

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8:28 am | CNY, Politics, USD | by Ben Scott

Will USD/CNY Break Through Red Line? Trade War Impacts Chinese Economic Growth

Since June, the US Dollar to Chinese Yuan (USD/CNY) exchange rate has been climbing sharply, which is unsurprising given the amount of disruption trade tensions have created. The Chinese Yuan to US Dollar (CNY/USD) exchange rate recently hit a 22-month low. The currency pair has fallen by around 10% since April. However, the Yuan is forecast to break through a key level against the Dollar later this year or next year, which could create additional selloffs. If the USD/CNY exchange rate reaches 7.00, the red line will be crossed. Strategist Mark Chandler said: 'Its a red line because it's psychological and also because China previously seemed to defend it verbally.' Trade Tensions Weigh on Chinese Economy and CNY Exchange Rate Trade tensions have also had a negative impact on Chinese growth, with the third quarter registering 6.5%, the weakest number on record since early 2009 when the Global Financial Crisis ...

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October 17, 2018 6:30 am | EUR, GBP, USD | by Ashleigh Fox

Pound Sterling (GBP/EUR, GBP/USD) Forecast Today – Brexit and Inflation

Update: The Pound begins Wednesday's trading in a tight range against both the US Dollar (GBP/USD) and Euro (GBP/EUR) as investors wait for UK inflation data. However, overnight it was announced that chief EU Brexit negotiator, Michel Barnier, was open to adding a one-year extension on to the UK's Brexit transition. However, the extension would come at the price of a 'two-tier' Irish backstop, to negate a border being put in place. The Brexit summit will occur in Brussels tonight, and Barnier has suggested to the other 27 member states that they were ready to pitch new ideas to the UK Prime Minister in a bid to reach an agreement by next month. Brexit is expected to be a significant driver of Sterling this week. As the session continued, Sterling remained lower against a host of other currency majors, including the US Dollar and the Euro, as ...

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October 16, 2018 1:30 pm | Central Banks, NZD, USD | by Charlie Murray

Pound Climbs Vs US and New Zealand Dollars (GBP/USD, GBP/NZD)

The Pound Sterling to US Dollar (GBP/USD) exchange rate and Pound to New Zealand Dollar (GBP/NZD) currency pair were charging higher on Tuesday after UK wage growth data surprised markets. Although there may be a backdrop of Brexit chaos as both sides try to clinch a deal, the latest labour market figures were enough to buoy investor sentiment in the Pound. UK wage growth hit a nine-year high, coming in at 3.1% on the year which fuelled Sterling gains. US Dollar Forecast: Federal Reserve Meeting Minutes Approach Coming up, US Industrial Production, Manufacturing Production, and the NAHB Housing Market Index will all be released in Stateside trading. Wednesday could be an interesting day for the US Dollar when the Federal Reserve releases it's meeting minutes from the September 26th Federal Open Market Committee (FOMC) meeting. However, the minutes' revelation may not be as influential as normal. Global Reach ...

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Latest EUR News

October 20, 2018 7:45 am | EUR, GBP, USD | by Lauren Bessent

Pound, Euro, US Dollar Exchange Rate Forecast w/c 22/10

There are lots of economic events forecast to influence the Pound (GBP), Euro (EUR), and US Dollar (USD) exchange rates in the week ahead. From US growth numbers, to European interest rate decisions.  Pound Sterling (GBP) Exchange Rate Forecast The week ahead is quite quiet in terms of economic data. Tuesday will see the release of the latest CBI Business Optimism Index and CBI Industrial Trends Orders data. Meanwhile, Wednesday will bring with it the UK Financial Mortgage Approvals number for September. Friday will close the week with the CBI Distributive Trades number. Economic data has taken a bit of a back seat of late with Brexit so close. Brexit developments have been influencing Sterling since the vote, but with only 160 days to go, crunch time approaches. Comments from the EU and UK could create Pound Sterling exchange rate movements. With no November summit scheduled, investors will ...

Read More
October 19, 2018 9:21 am | Brexit, EUR, GBP, TRY, USD | by Ashleigh Fox

Pound to Euro, US Dollar, Exchange Rates Begin Friday Firmer; GBP/TRY Climbs

The Pound exchange rate has begun Friday recouping some of the recent losses against the Euro (GBP/EUR) and US Dollar (GBP/USD). Today, markets are busy digesting the latest public sector finance figures, and the week's Brexit developments. Pound Exchange Rate Forecast: EU Extension Doesn't Go Down Well at Home With only 161 days to go until Brexit, Theresa May looks to be in an awkward position. The EU has deemed not enough progress has been made to hold a November summit. Meanwhile, May downplays the idea of an extended transition deal. This really only leaves the space between now and the January deadline to create a deal ahead of the March 29th Brexit day. There had been such high hopes for this week's Brexit summit. While no breakthroughs have been made, there's some optimism that progress is happening. The UK and EU seem to think there's good reason ...

Read More
October 17, 2018 8:51 am | AUD, EUR, GBP | by Ashleigh Fox

Pound Exchange Rate (GBP/AUD, GBP/EUR) Falls on UK Inflation and Brexit

The Pound to Euro (GBP/EUR) and Sterling to Australian Dollar (GBP/AUD) exchange rates tumbled on Wednesday morning. Investors were disappointed with the latest UK inflation data amid a backdrop of Brexit negotiations. Update: As the session continued, Sterling still remained lower against a basket of currency majors, residing around -0.23% lower against the Aussie Dollar and -0.10% weaker against the Euro. UK Inflation Sinks, Dragging the Pound Exchange Rate Down The UK's inflation rate dropped from 2.7% to 2.4%, bypassing forecasts of 2.6%. Meanwhile, the core inflation rate dropped from 2.0% to 1.9%. The Pound exchange rate tumbled on the news as it alleviates some of the pressure on the Bank of England (BoE) to hike interest rates. Global Reach Chief Economist Eimear Daly said: 'We expect the impact of past Sterling depreciation to continue to fall out of the annual calculation, dragging CPI back towards the Bank of ...

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6:30 am | EUR, GBP, USD | by Ashleigh Fox

Pound Sterling (GBP/EUR, GBP/USD) Forecast Today – Brexit and Inflation

Update: The Pound begins Wednesday's trading in a tight range against both the US Dollar (GBP/USD) and Euro (GBP/EUR) as investors wait for UK inflation data. However, overnight it was announced that chief EU Brexit negotiator, Michel Barnier, was open to adding a one-year extension on to the UK's Brexit transition. However, the extension would come at the price of a 'two-tier' Irish backstop, to negate a border being put in place. The Brexit summit will occur in Brussels tonight, and Barnier has suggested to the other 27 member states that they were ready to pitch new ideas to the UK Prime Minister in a bid to reach an agreement by next month. Brexit is expected to be a significant driver of Sterling this week. As the session continued, Sterling remained lower against a host of other currency majors, including the US Dollar and the Euro, as ...

Read More
October 16, 2018 11:15 am | AUD, Central Banks, EUR, GBP | by Ben Scott

Pound Supported by Wages: GBP/EUR, GBP/AUD Exchange Rates Surge

The Pound to Euro (GBP/EUR) exchange rate and the Sterling to Australian Dollar (GBP/AUD) currency pair jumped on Tuesday after positive UK labour data came to light. British wage growth made an impressive jump to 3.1% on the year in the three months through August, defying forecasts to remain at 2.9%. The ecostat marked a nine-year high in wage growth, the best level since the depths of the financial crisis in 2009. Additionally, the UK Unemployment Rate held steady at a 43-year low. However, despite earnings marking their quickest rate of expansion since 2016, British workers are still earning less than before the crisis in real terms. Overall? Despite welcome real wage growth, real-terms pay still remains £12 below its pre-crisis peak. Earnings recovery has a long way to go. You can read more on low pay in Britain in our October 2018 research publication, Count the ...

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