Posts by Currency Global

Ultimate Guide to Transferring Money Abroad

Transfer money abroad

Transferring Money Abroad – the only guide you are ever going to need. Sterling’s dramatic depreciation post-Brexit means both individuals and businesses need to ensure that they are getting maximum value for their currency. Since July’s referendum result in which the UK voted to leave the European Union, the Pound has lost over 16% of…

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Market News – 18 December 2017

Currency Global

We would like to wish all of our clients a Happy Christmas and a prosperous 2018! STERLING Sterling was one of the weakest G10 currencies last week with uncertainty surrounding Brexit continuing to be the main focus. Steep declines were seen on Friday after German Chancellor Merkel and EU Commission President Juncker warned the next…

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Market News – 13 November 2017

Yosemite

STERLING Sterling was one of the strongest G10 currencies last week. The UK currency began the week on the front foot after optimistic remarks from UK Prime Minister Theresa May regarding Brexit and comments from US Commerce Secretary Ross on the prospects of a free-trade deal between the two countries. Further political baggage attached to…

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Market News – 9 October 2017

Brexit

STERLING The Pound was the weakest of the G10 currencies last week as the odds were slashed that UK Prime Minister Theresa May would leave Downing Street before the end of the year. The Daily Telegraph reported on Thursday that May could be gone by Christmas as up to 30 MPs plot to oust her…

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Market News – 2 October 2017

Plaza Espana Barcelona

STERLING The Pound rose against most of its G10 peers last week, aided by EU Barnier’s comments, stating that they are not there yet, but have seen some clarity on certain points following the fourth round of Brexit talks. Elsewhere, Bank of England Governor Carney’s rhetoric in the 20th Anniversary of Independence was largely rebuffed…

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Market News – 25 September 2017

Hong Kong

STERLING The pound fell last week, retracing some of the prior week’s bullish run, as Bank of England Governor Mark Carney walked back recent rate hike comments. Brexit, which prompted Mark Carney to cut U.K. interest rates for the first time in seven years in 2016, is now pushing in the other direction. In a…

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Market News – 18 September 2017

London

STERLING Sterling was the strongest G10 currency last week following an unexpectedly hawkish statement from the Bank of England. The majority of the Monetary Policy Committee are of the belief that if the economy continues to follow a path consistent with the prospect of an erosion of slack, along with a gradual rise in underlying…

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Market News – 11 September 2017

Petronas Towers Malaysia

STERLING The pound saw a modest gain on balance last week. Stronger-than-expected manufacturing production figures released on Friday provided a boost although data impulses from earlier in the week were to the downside after construction and service sector PMI fell short of expectations. Brexit negotiations also appear to have stuttered with EU Brexit Minister Barnier…

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Market News – 04 September 2017

MN Sunset

STERLING The Pound rose against most of its G10 peers last week, despite another round of Brexit negotiations ending with little progress. However, UK PM Theresa May’s trip to Japan showed that there was a road ahead for British companies, while Sterling will have also benefited from a modest uptick in GFK consumer confidence and…

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Market News – 29 August 2017

Santorini

STERLING The pound was little changed for the most part last week. Losses seen on Wednesday were reversed on Thursday and Friday after UK GDP was confirmed at the flash readings of +0.3% Q/Q and +1.7% Y/Y. Brexit impulses were limited although the UK government did state on Monday that they were confident they will…

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