The Japanese yen added almost 1.5% against the US dollar yesterday, building on Tuesday’s strength and taking the currency pair’s monthly gains to almost 7%. This movement was largely influenced by hawkish commentary from Bank of Japan policymakers…
Read more
›
The euro gained over three-quarters of a per cent against the euro in July, which is beneficial to Europeans with any upcoming transfers to the US. To benefit from today’s rate, speak to your account manager about using…
Read more
›
British stocks, the FTSE 100 rose by 1.1% on Wednesday, soaring to the highest rate in over two months. One of the index’s largest constituents, HSBC jumped by 4%, which greatly contributed to these gains following increased profits…
Read more
›
The pound has hit the end of a long month in a strong position, very close to its best against a basket of currencies since the Brexit referendum eight years ago. It’s been a month bookended by a…
Read more
›
US consumer confidence picked up in July as optimism over the short-term job market spread. However, the picture was more mixed than it appeared, as respondents also reported concerns that price rises and interest rates might not improve…
Read more
›
Euro markets have a raft of data to dissect this week. Would German inflation move the dial, or would investors instead look to more representative data, like eurozone GDP. Judging by yesterday’s manic movements, it felt there wasn’t…
Read more
›
The pound is paying the price for the presumed actions of its central bank tomorrow. GBP/USD has fallen near its lowest in three weeks and GBP/EUR has fallen back from the levels it enjoyed in the middle part…
Read more
›
As a spell of warm weather crouched over northern Europe, the temperature in currency markets also heated up. A barrage of economic data (including German, French and eurozone growth figures) caused the euro to fluctuate throughout the day,…
Read more
›
