Money Transfer.co.uk

Compare money transfers, currency exchange and international transfer

Tue 10 Dec 2019 18:08GMT

Compare Money Transfers. Safe. Fast. Free.

A money transfer through a foreign exchange broker is the smart move. With excellent exchange rates and fee-free transfers, you could save time and money.

I need to send money...

January 2018 News Archive

Archived Daily FX News from the Money Transfer News Team...

British Pound to Euro Exchange Rate Surges on Hopes for Formal Brexit Delay Published: 23 Jan at 4 PM
Due to a stream of disappointing Eurozone ecostats published over the past week, the British Pound to Euro (GBP/EUR) exchange rate surged towards the end of Wednesday’s European session on the latest Brexit speculations. Despite mixed demand for Euro rivals, a weaker economic outlook has left the shared currency without strong support....
EUR USD Exchange Rate Rallies as Eurozone GDP Impresses Published: 30 Jan at 3 PM
The EUR/USD exchange rate rallied hard during the European session of Tuesday as markets reacted to the Eurozone’s latest GDP figures. <h2>Euro (EUR) Bolstered by Upbeat GDP Figures</h2> The Euro made strong gains in early trading this morning as the Eurozone publishes its preliminary GDP reading for the fourth...
GBP/AUD Exchange Rate Steadies on Renewed US Dollar Caution Published: 25 Jan at 2 PM
The Pound Australian Dollar (GBP/AUD) exchange rate remained within a narrow band on Thursday morning, limited by fresh concerns for the US Dollar (USD) but supported by growing optimism for a post-Brexit UK-US trade deal. The Pound’s performance was buoyed by new remarks from US Treasury Secretary Steven Mnuchin at the World Economic...
Strong Confidence Stats Push Euro to US Dollar (EUR/USD) Exchange Rate Up Published: 23 Jan at 4 PM
Forecast-Beating Eurozone Confidence Growth Increases Euro to US Dollar Demand The Euro has risen by 0.4% against the US Dollar today, following the release of data that shows growing economic confidence across the Eurozone. Initial ZEW economic sentiment figures have shown higher-than-forecast confidence index readings for Germany and...
Pound to New Zealand Dollar Exchange Rate Rises despite Inflation Slowdown Concerns Published: 16 Jan at 5 PM
Pound to New Zealand Dollar Exchange Rate Rises despite Slowing UK Inflation The Pound has made a minimal rise against the New Zealand Dollar today, despite the handicap news of slowing UK inflation rates. Basic annual inflation fell to 3% in December, while the core reading printed lower at 2.5%. While the base reading showed a...
US Dollar to Japanese Yen Exchange Rate Sheds 2 Yen Following Bank of Japan?s Latest Actions Published: 15 Jan at 5 PM
Despite recent strong US inflation data, the US Dollar to Japanese Yen exchange rate has fallen since last week. Investors have been digesting the latest Bank of Japan (BoJ) news, as the bank trimmed back on its purchases of long-term Japanese government bonds. After opening last week at the level of 113.03, USD/JPY tumbled by over two Yen...
High Hopes for ECB Interest Rate Hike Trigger Euro to New Zealand Dollar Exchange Rate Rally Published: 12 Jan at 1 PM
Euro to New Zealand Dollar Exchange Rate (EUR/NZD) Firms after ECB Minutes The Euro has risen by 0.8% against the New Zealand Dollar today, in addition to a 0.9% advance against the Australian Dollar. The Euro’s present strength comes from a European Central Bank (ECB) meeting on Thursday, in which the bank said that; ‘The...
Fears over ?No Deal? Brexit Leave Pound Exchange Rates Lower Published: 10 Jan at 3 PM
Pound Sterling (GBP) The Pound has failed to advance against the Euro or US Dollar on Wednesday’s trading session, due to persistent concerns about Brexit and Theresa May’s ability to govern. Mrs May has come under fire for failing to implement significant change during a recent cabinet reshuffle, which has led some to question how...
Euro to US Dollar Exchange Rate Falls as German Coalition Issues Remain Published: 8 Jan at 3 PM
Euro to US Dollar Exchange Rate Drops on Growing Concerns over German Coalition The Euro has fallen by -0.5% against the US Dollar today, as German coalition talks drag on. German Chancellor Angela Merkel’s CDU/CSU union took the most votes in the late 2017 federal election, although this was not enough to secure an outright...
Pound Mexican Peso Exchange Rate Predicted to Worsen If Trump Turbulence Continues to Boost MXN Published: 30 Jan at 5 PM
Pound to Peso Exchange Rate Worsened by UK Brexit Talks, Fears of Scottish Devolution The Pound has been soft against the Mexican Peso during Monday’s trading, having slumped by -1.5% in the pairing at a time of low confidence in the UK economy. As well as a lack of data leaving investors to focus on negative political developments,...
Markets Fear Long-Term Oil Price Slump, British Pound to Canadian Dollar Exchange Rate Fluctuates Published: 26 Jan at 1 PM
The Pound to Canadian Dollar has fluctuated relatively close to the week’s opening levels this week as the Canadian Dollar shifts between bullish and bearish on widespread oil price uncertainty. GBP/CAD began this week trending at around 1.6487 and has since hit a high of 1.6616 and a low of 1.6424 without sustaining any of these...
Pound US Dollar Exchange Rate Rallies after UK?s Grand Industrial Strategy is Unveiled Published: 23 Jan at 5 PM
Strong Pound Gains Follow PM’s Industrial Announcement, despite Trident Controversy The Pound has managed to triumph against the US Dollar on the first day under President Trump, partly because of this news but also because of some optimism-inspiring UK announcements. In the latter case, the Pound has been boosted by 0.9% against the...
Pound to Japanese Yen Exchange Rate Surges as Safe Haven Sentiment Dips Published: 19 Jan at 12 PM
The Pound has surged this week after recovering from sharp drops on Monday. Increased Brexit confidence left Sterling stronger and it has been able to capitalise on limo demand for ‘safe haven’ currencies like the Japanese Yen. GBP/JPY trended near a weekly high of 141.46 at the time of writing. Pound (GBP) Benefits from UK...
Hopes of Soft Brexit Fade before PM?s Speech, Pound Swiss Franc Exchange Rate Crashes Published: 16 Jan at 5 PM
Day of Defeat for Pound Franc Exchange Rate as Investors Pre-Empt Hard Brexit In an unwanted repeat performance from last week’s starting weakness for the Pound, Sterling has once again traded extremely poorly on the first day of the week. This time around, the major loss in GBP demand has come from investors and economists...
High Brexit Uncertainty sees Major Loss in GBP USD Pairing Published: 9 Jan at 4 PM
Poor Start to Week’s GBP USD Trading after Unclear May Comments Trigger Investor Rout After the UK was graced with rising PMI figures last week, the current one has started off on a comparatively flatter note by comparison. In addition to the Pound crashing initially because of alarming interpretations of Theresa May’s comments,...
USD JPY Exchange Rate Rallies as Concerns over Japanese Inflation Persist Published: 6 Jan at 1 PM
The US Dollar to Japanese Yen (USD JPY) exchange rate rallied this morning due to ongoing concerns over Japan’s anaemic inflation rate. US Dollar Japanese Yen (USD JPY) Bolstered By Inflation Worries After a steady decline in the first half of the week, the USD JPY exchange rate rallied earlier this morning as investors remained...
Mexican Peso (MXN) Fluctuates Following Central Bank Decision Published: 30 Jan at 2 PM
On Friday the Pound to Mexican Peso exchange rate jumped from a low of 22.2124 to a high of 22.4072 in response to Mexico’s Central Bank interest rate decision. The USD/MXN currency pair, meanwhile, also advanced from 14.782 to 14.8913 ahead of the publication of US fourth quarter growth data. Although many other central banks (including...
Exchange Rate Outlook: Russian Ruble (RUB) Slides, Russia Sanctions Cause Concern Published: 28 Jan at 3 PM
After registering its largest advance for two weeks, the Ruble softened as the week progressed. The Russian currency came under pressure as the European Union pressed for further sanctions to be placed on Russia over the renewed conflict in the east of Ukraine. Comments from Russian Finance Minister Anton Siluanov, regarding the likelihood of...
Japanese Yen Gains after Inflation Comments, GBP/JPY, USD/JPY Exchange Rates Lower Published: 27 Jan at 12 PM
On Tuesday the Japanese Yen advanced on the majority of its currency rivals after Japan’s economy minister asserted that neither the Bank of Japan (BOJ) nor the government has set a target date for achieving 2% domestic inflation. According to Tokyo-based industry expert Yuji Saito; ‘The government seems to have relaxed its attitude...
FX Outlook: Pound (GBP) Higher against Peers Thanks to Positive Interest Rate Comments Published: 26 Jan at 5 PM
On Monday the Pound gained on the US Dollar thanks to unexpectedly bullish interest rate remarks from a Bank of England (BoE) official. Last week the GBP/USD pairing fell to an 18-month low as the minutes from the latest BoE meeting showed that policymakers were united in voting for interest rates to hold at record lows in the face of...
Pound Softens Versus Indian Rupee (GBP/INR) as BoE Minutes Continue to Weigh Published: 23 Jan at 1 PM
The Pound fell against the Indian Rupee on Friday after a disappointing week for Sterling. The British currency dropped against other majors this week when it emerged that the Bank of England had no policymakers willing to vote in favour of interest rate hikes at the last meeting in early January. The result saw many investors price in rate...
Pound Falls against South African Rand Despite BoE Inflation Comments Published: 22 Jan at 3 PM
The Pound posted widespread declines on Wednesday in reaction to the release of minutes from the most recent Bank of England policy meeting. The minutes outlined a change of heart among policymakers on the subject of interest rates. Monetary Policy Committee members Martin Weale and Ian McCafferty had previously voted in favour of immediate...
Exchange Rate Focus: Japanese Yen (JPY) Advances after BOJ Decision Published: 21 Jan at 3 PM
Last week’s currency market turmoil has bled into trading over the last few days and the actions of several major central banks are being closely scrutinised. While economists and investors are waiting with baited breath for the European Central Bank’s potentially explosive policy announcement (due to take place tomorrow) the Yen was...
Swiss Franc (CHF) Weakens after Last week?s Surge, Euro Gains Published: 19 Jan at 6 PM
After surging by over 30% against the majority of its currency counterparts last week following the Swiss National Bank’s decision to remove its peg with the Euro and cut its interest rate further into negative territory, the Franc pared gains on Monday. With markets starting to regain some equilibrium following last week’s veritable...
New Zealand Dollar Advances on US Dollar, Euro after SNB Decision Published: 16 Jan at 2 PM
The New Zealand Dollar strengthened during the Australasian session, advancing to an over six-week high against the US Dollar and achieving record levels against the Euro in the wake of yesterday’s Swiss National Bank announcement. To the total surprise of economists, investors and the currency market, the SNB opted to end its over 3 year...
US Dollar to Japanese Yen (USD/JPY) Exchange Rate Trending at 4-Week Low after Sales Data Published: 14 Jan at 5 PM
The US Dollar has been enjoying a bullish relationship with the majority of its currency counterparts in recent weeks due to speculation that the Federal Reserve intends to increase borrowing costs in the first half, if not the first quarter, of the year. However, the US Dollar to Japanese Yen currency pair tumbled to a one-month low...
EUR/USD at Nine-Year Low, Australian Dollar (AUD) Advances, Chinese Trade Improves Published: 13 Jan at 5 PM
The Euro to US Dollar exchange rate was languishing in the region of a nine-year low amid European Central Bank stimulus speculation and positive economic reports for the US. The day’s disappointing German Wholesale Price Index did little to support the common currency. Given that the Eurozone slid into deflation at the close of 2014, it is...
US Dollar to Indian Rupee (USD/INR) Exchange Rate Declines on Pared Fed Rate Hike Bets Published: 12 Jan at 2 PM
The US Dollar to Indian Rupee currency pair registered declines on Monday as investors bet that last week’s disappointing US employment figures will prevent the Federal Reserve from increasing interest rates in the first quarter of 2015. Friday’s US Non-Farm Payrolls report showed that the US economy added more positions than forecast,...
GBP, AUD Stronger, EUR, USD Exchange Rates Decline Published: 9 Jan at 6 PM
The currency market experienced notable volatility on Friday in response to a number of factors. The Pound ended the European session trending in a stronger position against the Euro, and with the GBP/USD pairing having moved away from its recent 17-month low. Sterling was supported by UK Manufacturing Production and Trade Balance figures,...
FX Today: EUR/USD at Nine-Year Low ? Eurozone Inflation Raises Stimulus Bets Published: 7 Jan at 5 PM
The Euro was trading in the region of a nine-year low against the US Dollar on Wednesday having fallen by almost 0.5% over the course of the European session in response to less-than-impressive economic reports from the currency bloc. The EUR/USD pairing hit a low of 1.1799 after the Eurozone’s Consumer Price Index showed that annual...
Exchange Rate News: Pound (GBP) Weaker against Euro (EUR) and US Dollar (USD) Published: 6 Jan at 6 PM
The Pound fell against almost all of its currency counterparts as the week progressed, posting a notable decline against the Euro (GBP/EUR) and US Dollar (GBP/USD). Demand for the British asset had been undermined at the close of last week as the UK published a disappointing Manufacturing PMI for December. The Markit report showed that the...
US Dollar to Brazilian Real (USD/BRL) Exchange Rate Gains as Growth Estimates Cut Published: 5 Jan at 5 PM
The US Dollar was trending in a stronger position across the board on Monday as investors bet that the Federal Reserve will increase interest rates in the first half (if not the first quarter) of this year in response to encouraging US growth and improvement in the nation’s employment sector. However, the USD/BRL pairing was able to advance...
Choppy? trading ahead of the Fed announcement Published: 30 Jan at 11 AM
Ahead of the latest policy announcement from the US Federal Reserve, the markets were choppy as both worldwide central banks and market makers positioned themselves ahead of the announcement. On a ‘no data’ day in the UK, a speech by Bank of England Governor Mark Carney caught the market’s attention. Carney was speaking in Scotland...
The pound remains steady at the top end of recent trading ranges Published: 29 Jan at 9 AM
The pound remained steady yesterday as the latest UK gross domestic product (GDP) came in exactly in line with expectations with a quarter-on-quarter expansion of 0.7% in the last quarter of 2013 and 2.8% year-on-year according to the initial estimates from the Office for National Statistics (ONS). The ONS have previously reported that the UK...
The pound is on the rise again Published: 28 Jan at 10 AM
Ahead of the publication of the latest GDP data for the UK economy later this morning, the pound made steady if unspectacular progress at the start of the trading week. The British Bankers’ Association (BBA) reported that the level of UK mortgages rose less than expected in December with 46,521 loans for house purchase worth a total of...
The pound eases from its recent record highs Published: 24 Jan at 3 PM
The pound eased against the euro yesterday after the Confederation of British Industry’s (CBI) Distributive Trades Sales Index dropped sharply from a reading of 34 in December 2013 to just 14 in January. The slowdown in sales seems to have been partly due to the impact of the “unseasonably mild weather” on fashion retailers who saw a...
Best Money Transfers From UK as The Pound Sterling Exchange Rate Soars Published: 23 Jan at 3 PM
The pound soared yesterday after another strong raft of UK economic data was published. It is now trading at a 6 year high against the South African Rand; a 4 year high against the Australian and Canadian dollars and a 1 year high against the Euro. The latest ‘shot in the arm’ for the pound came with the announcement from the Office...
Pound holds on to recent gains Published: 22 Jan at 11 AM
Ahead of the release of a raft of UK economic data, the pound kept hold of recent gains to continue to trade close to multi month highs against the euro and US dollar and multi-year highs against the Australian, New Zealand and Canadian dollars and South African Rand. Analysts expect the Office for National Statistics (ONS) to report...
The pound hits a new 12 month high against the euro Published: 21 Jan at 11 AM
The pound received a further boost yesterday on an otherwise quiet data day after property website Rightmove reported that UK house prices enjoyed their strongest ever start to a new year and rose year-on year at the fastest rate since November 2007 at the start of 2014. Rightmove reported that UK average asking prices rose by 1% or...
The pound reaches a new 4 year high against the Aussie Published: 17 Jan at 8 PM
The pound reached its highest level against the Australian dollar since September 2009 after the publication of the worst job market report down under for 8 months increased speculation that the Reserve Bank of Australia (RBA) will cut interest rates from its already record low to bolster the faltering Australian economy. The pound was...
Risk appetite dominating the markets Published: 16 Jan at 12 PM
Better than expected economic and company result data from the US have driven most worldwide stock markets to record highs with the S&P 500 in New York and the DAX in Frankfurt hitting all time record highs and the FTSE100 index hitting an 8 month high. This despite the latest mortgage lending data from the Council for Mortgage...
Pound steady after inflation data Published: 15 Jan at 8 AM
The pound initially fell but regained its morning losses in the afternoon after the Office for National Statistics (ONS) reported that UK consumer prices gained just 0.4% in December to reach a level of 2% year-on-year, shy of the 2.1% annual rate envisaged by analysts. Meanwhile, the euro received some support yesterday after a surge in...
The pound continues to fall Published: 14 Jan at 8 AM
The pound fell for the second consecutive trading day yesterday on the back of some mixed UK economic data. On the plus side, the National Institute of Economic and Social Research (NIESR), a well respected ‘think-tank’ reported that the UK economy expanded at a 0.7% rate in the three months ending in December after they recorded...
The pound reaches a 12 month high against the euro Published: 9 Jan at 11 AM
The pound reached yesterday afternoon its highest level against the euro since January 2013 ahead of the Bank of England policy announcement due at lunchtime today. Investment bank Goldman Sachs is predicting that the Bank of England will not increase UK interest rates in 2014 regardless of the unemployment rate in the UK. Bank of England...
All eyes on tomorrow?s policy announcements Published: 8 Jan at 9 AM
Before the latest policy announcements from both the Bank of England and the European Central Bank due out tomorrow, the pound regained most of Monday’s losses after the British Chambers of Commerce (BCC) announced that the UK economy is growing as a solid pace with 2014 off to a 'fantastic start'. In its latest quarterly survey of...
The pound comes off its recent high?s Published: 7 Jan at 11 AM
The pound opened the first full trading week of the year on the back foot following the publication of disappointing UK services sector data which came in at a 6 month low and below analysts’ expectations. Commenting on the data, Chris Williamson, Chief Economist at Markit, pointed out that "If borne out by the official data,...
GBP/USD Falls From Two-Year High Published: 3 Jan at 4 PM
Although the Pound brushed a two-year high against the US Dollar earlier in the week and continues to receive underlying support from the impressive economic data emerging from the UK, the British asset slipped against the ‘Greenback’ before the weekend. Sterling faltered against the US asset yesterday as the pace of expansion in the...
Pound Stronger After Manufacturing PMI Published: 2 Jan at 5 PM
With markets returning to normal after the Christmas and New Year breaks the Pound was able to consolidate gains against the Euro during European trading. The British currency was supported by a report showing that the UK manufacturing sector expanded for a ninth month in December. Although the pace of expansion slowed slightly, the...
Euro Dollar Exchange Rate Highest Since Nov 2011 Published: 31 Jan at 10 AM
The euro continues to trade at its highest level against the dollar since November 2011 as the dollar fell yesterday on unexpectedly poor US GDP data and the Federal Reserve voted to keep its low interest-rate policy unchanged and agreed to maintain its $85 billion a month bond-buying programme to help stimulate economic growth in the US in...
Money Transfers to France/Spain Suffer as Pound Euro Exchange Rate 13 Month Low Published: 29 Jan at 10 AM
A combination of risk appetite, a calmer and more positive outlook for the euro zone and very poor economic data out of the UK have combined to leave the pound struggling at the beginning of 2013 and it is now trading at multi month lows across the board. Yesterday it hit a thirteen month low against the euro; a five month low against both...
Send Euros Abroad: Euro Pound Exchange Rate Hits 11 Month High Published: 25 Jan at 10 AM
The euro zone continues its rip-roaring start to the year with the publication of better than expected preliminary purchasing managers’ index (PMI) data which shows the composite (manufacturing and services) output in the region rising for the third month in a row. According to Markit, trends were far more varied by country, notably...
Money Exchange: World economic growth forecasts slashed Published: 24 Jan at 11 AM
The International Monetary Fund (IMF) published its ‘World economic outlook’ yesterday, downgrading the growth forecasts for the global economy and advised that any economic upturn is expected to be more gradual than previously thought. The report states that in its opinion, while financial conditions improved in the fourth quarter of...
Transfer GBP Update: Pound Sterling Weakens Against Majors Published: 23 Jan at 12 PM
The pound continues to weaken against the majority of the 16 most actively traded currencies in the market after the publication of worse than expected UK public sector borrowing figures which further increases speculation that the UK could lose its coveted AAA credit rating. The Office for National Statistics reported government borrowing...
Cheap Money Transfers to France Unlikely as Pound Euro Exchange Rate Falls 10 Month Low Published: 22 Jan at 11 AM
With trading volumes sharply down with New York closed due to Martin Luther King day, the pound slipped to a new 10 month low against the euro after further forecast at the weekend that the UK faces a ‘triple-dip’ recession. In the only UK data out yesterday, the Centre for Economics and Business Research (CEBR) reported that UK house...
Exchange Rate News: Risk appetite makes a comeback Published: 18 Jan at 12 PM
World stock markets are trading just shy of a four year high this morning as the overnight data from China shows that Chinese economic growth has accelerated for the first time in two years in the last quarter of 2012 as the government’s stimulus measures make an impact. The data showed that Chinese gross domestic product expanded at an...
Money Exchange Update: Euro Slips for Second Day vs Dollar Published: 17 Jan at 11 AM
The full force of the economic slowdown continues at pace. Before Christmas, electrical retailer Comets went into administration. Last week it was the turn of photographic equipment retailer Jessops and so far this week we have seen HMV and Blockbuster all go into administration. Who could be next? Tomorrow’s retail sales data covering...
Transfer Pound Sterling - GBP Exchange Rate Steady on UK Inflation Data Published: 16 Jan at 2 PM
The pound enjoyed a steadier day in the markets yesterday as UK inflation data came in, in line with expectations. The Office for National Statistics reported UK inflation was unchanged in December as rising gas and electricity bills were offset by the easing of air fares and a drop in petrol prices. The Consumer Prices Index (CPI)...
Euro Exchange Rate Rises to 9 Month High vs Pound Sterling Published: 15 Jan at 10 AM
The euro rises to a nine month high against the pound The pound fell to a new nine month low against the euro yesterday as Friday’s data showing that the UK economy shrank by 0.3% in December, paving the way for the possibility that the UK will suffer its first triple-dip recession since records began. After the collapse of Jessops...
Currency Exchange Update: Euro Boost After BOE Comments Published: 11 Jan at 12 PM
The rise in risk appetite continues unabated improving the outlook for the high yielding risk based currencies like the Australian dollar, New Zealand dollar and South African Rand and diminishing demand for the safe haven currencies like the US dollar and Japanese Yen. The dollar has now dropped to its lowest level against the euro since...
Pound Sterling Money Transfers: GBP Exchange Rate Falls Ahead BOE Announcement Published: 10 Jan at 11 AM
Data out overnight from China showing that Chinese exports and imports rebounded strongly in December not only point to solid economic growth both in China and abroad for the year ahead but gave a big boost to overnight Far East Asian markets increasing risk appetite which favours the high yielding currencies like the Australian and New...
EUR Transfers: Euro Exchange Rate Gains as Pound Sterling Under Pressure Published: 9 Jan at 11 AM
The euro continues on its upward trajectory despite some poor data out of the euro zone yesterday as the pressure on the pound mounts following some poor economic data last week and an ever growing expectation that the UK faces the loss of its prized AAA credit rating when this comes up for review later on this month. The British...
Money Transfers: Pound Sterling Under Pressure Published: 8 Jan at 2 PM
The pound remains under considerable pressure against the 16 most actively traded currencies in the market as an endless stream of poor UK economic data continues to be published ahead of the Bank of England’s next Monetary Policy Committee meeting due this Thursday and the review of the UK’s AAA credit rating by Moodys. This morning,...