Browse historical reporting from the Money Transfer UK newsroom.
The aftermath of the European election results continue to be felt with the pound continuing to fall against the majority of the 16 most actively traded currencies in the foreign exchange market. In a quiet news day in…
For the second day in a row, the pound fell against the majority of the 16 most actively traded currencies as the repercussions of last week’s European and local elections are still being felt with the Liberal Democrat…
The pound fell away from recent highs against the majority of the 16 most actively traded currencies in the market yesterday after the announcement over the weekend that UKIP had won last week’s European elections. This…
Ahead of the European elections, the pound benefited from a further batch of data which underlined the growing economic recovery in the UK. The Office for National Statistics (ONS) reported that the volume of UK retail…
The pound rose to hit a new 16 month high against the euro yesterday after the Office for National Statistics (ONS) reported that the UK CPI increased by 0.2% in April to 1.8%, up from a reading of 1.6% in March. This…
The markets were quieter than normal as a lack of economic data led to smaller than usual trading volumes ahead of a busy midweek. The markets continue to take stock of the latest comments on the UK housing market from…
Risk aversion made a return to the market yesterday after some poor data out of the euro zone and decidedly mixed data out of the US spooked the markets. Overall risk appetite and the euro in particular was hit by…
The pound fell heavily yesterday against the majority of the 16 most actively trade currencies after a ‘dovish’ report from the Bank of England and the latest UK employment data. Presenting the latest quarterly inflation…
The pound, having opened the week rising to a new 16 month high against the euro held on to the gains yesterday. The British Retail Consortium (BRC) reported that UK retail sales rose by 4.2% in the 12 months to April…
The Pound was treading water on Tuesday as the currency’s rally came to a halt ahead of tomorrow’s Bank of England inflation and UK unemployment data reports. Sterling edged lower from a 16-month high against the Euro…
The pound rose to a 3 month high yesterday afternoon against the euro after the Bank of England’s Monetary Policy Committee (MPC) voted to maintain unchanged both the benchmark interest rate at 0.5% and the stock of…
The pound held on to the strong gains made on Tuesday after the Organisation for Economic Co-operation and Development (OECD) predicted that the UK economy will grow by 3.2% in 2014 and 2.7% in 2015 which if it…
The pound opened this short trading week close to a 15 month high against the euro and at a 4 ½ year high against the US dollar as UK economic data continues to improve. Markit reported yesterday that both the UK…
The pound remains within a percent of the best rates against the euro for 15 months and very close to a 5 year high against the dollar after the latest batch of economic data from the UK showed that the economic recovery…
The pound traded at a 5 year high against the US dollar yesterday after another poor set of US economic data put the dollar under pressure. The US Commerce Department reported that US gross domestic product expanded at…
