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Latest News at MoneyTransfer.co.uk

Latest currency exchange news at MoneyTransfer.co.uk.
Pound Euro (GBP/EUR) Exchange Rate Steady as England’s Covid-19 ‘Pingdemic’ Threatens Economic Recovery Published: 29 Jul at 3 PM
The Pound Euro exchange rate held steady today as the UK’s ‘pingdemic’ crisis, with the NHS Covid-19 track-and-trace app contacting nearly 700,000 people in the past week, has dampened confidence in the UK’s economic recovery. The pairing is currently fluctuating around €1.17. Health secretary Sajid Javid also added that ‘no...
Pound Australian Dollar Exchange Rate Steady as UK Factory Output Soars Published: 22 Jul at 3 PM
The Pound to Australian Dollar exchange rate held steady today following the release of the latest UK factory output and orders data, which surged at its quickest rate since 1974. The pairing is currently fluctuating around AU$1.86. Rain Newton-Smith, the chief economist at CBI, however warned: ‘Businesses have already endured a...
Pound Euro Exchange Rate Falls on Growing Concerns Over the UK’s Jobless Crisis Published: 8 Jul at 2 PM
The Pound Euro exchange rate fell by -0.8% today as worker shortages and England’s rising unemployment crisis weighs on confidence in the nation’s economy. The pairing is currently fluctuating around €1.16. GBP suffered following figures from the jobs websites Adzuna and Indeed showing that hospitality, transport, care, and...
GBP/EUR Exchange Rate Sinks as UK PM Warns of ‘Extra Precautions’ After July’s Lifting of Lockdown Measures Published: 1 Jul at 4 PM
The Pound Euro exchange rate fell by -0.3% today following news that the UK-EU financial services equivalence deal ‘has not happened’, according to UK Chancellor Rishi Sunak. This left the pairing trading around €1.16 at the time of writing. Sterling has suffered from growing concerns over tensions between the UK and the EU, despite...
Pound Euro Exchange Rate Falls as Bank of England Shocks Markets With Surprisingly Dovish Statement Published: 24 Jun at 5 PM
The Pound Euro exchange rate fell by -0.5% today after the Bank of England (BoE) released a surprisingly dovish statement about UK growth and inflation, which it said would likely be ‘temporary’. The pairing is currently fluctuating around €1.16. Sterling struggled today after the BoE predicted that inflation is likely to rise above...
Pound Euro Exchange Rate Rises as Eurozone Wage Growth Falls Below Forecasts Published: 17 Jun at 5 PM
The Pound Euro exchange rate rose today despite the latest Eurozone inflation gauge for May confirming forecasts and rising by 0.2%. The pairing is currently trading around €1.16. Analysts at Reuters commented: ‘A sharp spike in energy prices and more expensive services boosted euro zone consumer inflation in May as expected …...
Pound Euro Exchange Rate Steady Ahead of ECB Rate Decision Published: 10 Jun at 12 PM
The Pound Euro exchange rate held steady today ahead of the European Central Bank’s (ECB) interest rate decision, which is expected to remain at 0%. The pairing is currently trading around €1.15. The Euro failed to gain on the Pound (GBP) with Eurozone markets speculating over whether the ECB will dial back its Pandemic Emergency...
Pound Japanese Yen Exchange Rate Edges Higher as UK Services Sector Growth Hits 24-Year High in May Published: 3 Jun at 2 PM
The Pound Japanese Yen exchange rate rose by 0.2% today as UK service sector growth hit a 24-year high in April. The pairing is currently fluctuating around ¥ 155.67. Sterling benefited from the release of the latest UK services PMI for May today, which beat forecasts and rose from 61.0 to 62.9 last month. Tim Moore, economics director...
GBP/NZD Exchange Rate Dips Despite Hawkish Bias from the Reserve Bank of New Zealand Published: 27 May at 10 AM
The Pound New Zealand Dollar (GBP/NZD) exchange rate fell by -0.2% despite the Reserve Bank of New Zealand’s (RBNZ) hawkish bias this week by forecasting a possible rate hike next year. The pairing is currently trading around NZ$1.93. The New Zealand Dollar’s gains against the Pound – which shot up by 1% yesterday – proved to be...
Pound Euro Exchange Rate Sinks as Indian Variant Fears Dampen Confidence in UK Economy Published: 20 May at 2 PM
The Pound Euro exchange rate fell by -0.2% today as the Indian variant of Covid-19 has weakened confidence in the UK’s ability to recover its economy in the months ahead. The pairing is currently fluctuating around €1.15. Sterling traders have become increasingly jittery over the prospect of a delay in the Government’s efforts to...
Pound Japanese Yen Exchange Rate Falls Despite Growing Confidence in UK Economic Outlook Published: 13 May at 2 PM
The Pound Japanese Yen exchange rate fell by -0.2% today despite growing confidence in the UK economy after GDP data for March rose by 2.1%. The pairing is trading around ¥153.79 at the time of writing. Sterling benefited yesterday as the latest UK growth data highlighted that the nation’s economy had improved from the Government’s...
Pound Euro Exchange Rate Dips: EUR Rises as German Factory Data and Eurozone Retail Sales Beat Forecasts Published: 6 May at 2 PM
The Pound Euro exchange rate fell by -0.3% today after the single currency received a boost from encouraging Eurozone economic data. Today saw the Eurozone’s latest retail sales report for March beat forecasts and rise by 12% month-on-month. This has left the pairing currently trading around €1.15 at the time of writing. Today also saw...
Pound Australian Dollar (GBP/AUD) Exchange Rate Rises as Tensions Between Australia and China Mount Published: 29 Apr at 12 PM
The Pound Australian Dollar exchange rate rose today following yesterday’s release of the latest Australian inflation gauge. The nation’s inflation figure rose less than expected, dampening confidence in Australia’s economic recovery. The pairing is currently trading around AU$1.79. Sarah Hunter, chief economist for BIS Oxford...
British Pound to Canadian Dollar Exchange Rate Plummets from Month Best after Bank of Canada (BoC) Published: 22 Apr at 3 PM
Despite Canadian Dollar weakness earlier in the week, the currency experienced a fresh surge in demand after yesterday’s Bank of Canada (BoC) policy decision and the British Pound to Canadian Dollar (GBP/CAD) exchange rate plummeted again. Since opening this week at the level of 1.7305, GBP/CAD has been trending with an upside bias as...
Pound to US Dollar Exchange Rate Advances on Weaker US Dollar but Gains Limited Published: 15 Apr at 3 PM
While the Pound struggled to mount much of a recovery against other major currencies this week, the Pound to US Dollar (GBP/USD) exchange rate has been gradually advancing. The Pound is benefitting from weakness in the US Dollar. Last week saw GBP/USD tumble from the level of 1.3830 down to 1.3705, as the Pound was sold in a bout of...
British Pound to US Dollar Exchange Rate Struggles to Recover after Profit Taking Hit Published: 8 Apr at 2 PM
The past week has seen both the Pound and US Dollar sold from their best levels, but the British Pound to US Dollar (GBP/USD) exchange rate is tumbling as the Pound was hit particularly hard by a shift in market appetite. Both currencies have seen strong movement in recent weeks, leading to GBP/USD volatility. Last week, GBP/USD dipped...
Euro to US Dollar Exchange Rate Struggles Near 2021 Worst despite Forecast-Beating Eurozone PMIs Published: 1 Apr at 1 PM
Despite fresh signs of resilience in the Eurozone economic outlook, the Euro to US Dollar (EUR/USD) exchange rate has been struggling to recover from this week’s lows as the US Dollar remains broadly appealing in comparison. Unless upcoming US data disappoints investors, the Euro may have a difficult time mounting a more solid recovery....
Pound to US Dollar Exchange Rate Near Month-And-A-Half Worst as US Growth Report Comes In Published: 25 Mar at 3 PM
The British Pound to US Dollar (GBP/USD) exchange rate has been tumbling this week, as investors seeking safer assets buy the US Dollar against a weaker Pound. While the pair flounders near lows, markets await tomorrow’s key UK and US data. Since GBP/USD opened this week at the level of 1.3869, the pair has been trending with a bearish...
Pound to US Dollar Exchange Rate Gains Limited as Markets Digest BoE and Fed Decisions Published: 18 Mar at 3 PM
After trending lower for half of the week, the British Pound to US Dollar (GBP/USD) exchange rate has been attempting to climb since last night’s Federal Reserve decision. However, today’s Bank of England (BoE) decision did little to bolster Sterling higher. Since opening this week at the level of 1.3921, GBP/USD has seen mixed...
Euro to US Dollar Exchange Rate Continues Recovery despite ECB’s Dovishness Published: 11 Mar at 4 PM
Investors continued to buy the Euro to US Dollar (EUR/USD) exchange rate today, with the pair still recovering from the lows seen at the beginning of the week. The US Dollar has been tumbling since US inflation data was published yesterday, which is boosting Euro appeal despite a cautious tone from the European Central Bank (ECB). Last...

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