No K.O. For The Pound
Currency Exchange Rates Update The Pound was the best performing major currency in the first half of 2023. However, things took a downward turn with September being the worst month of the year to date for the pound. Providing an opportunity for currency sellers to take advantage of much better recent rates despite plenty of […]
Can The Pound Recover From A Dreadful Few Weeks?
Currency Exchange Rates Update The Pound has had a dreadful couple of weeks, losing ground against all of its major currency peers and touching an 18-week low against the Euro and a 26-week low against the US Dollar last week. What’s In The News? In The UK… Good news Good news for mortgage payers and […]
Are Interest Rates ‘Near The Top Of The Cycle’?
Currency Exchange Rates Update The first half of September has seen the Pound come off its summer highs against its main rivals. Losing 1.4% against the Euro; 2.8% against the US Dollar; 2.5% against the Australian Dollar and 1.9% against the Canadian Dollar. What’s In The News? In The UK… The current base rate set […]
Is A Recession Coming?
Currency Exchange Rates Update As we start the last week of the month, shortened by the UK Summer Bank Holiday. August has been far from quiet in the currency markets. Against the Euro, the Pound sank on the 11th of August to trade at its lowest level since May. It then gained nearly 2% in […]
No Sign Of A Let-up In Activity In The Global Currency Markets
Currency Exchange Rates Update Halfway through the month and still no sign of a let-up in activity in the global currency markets. Against the Euro, the Pound fell steadily in the first half of the month. Dropping over 1.2% from the July highs. But it is now showing signs of stabilising and is still trading […]
Will Volatility In The Markets Take A Holiday This Year?
Currency Exchange Rates Update… Today marks the end of yet another volatile month in the foreign exchange or currency markets. The Pound hit its highest level against the Euro since August 2022 on 11 July. By 20 July, it had fallen to its lowest level against the Euro since May. Its since reversed again and […]
Watch Out For Budget Day
An interesting start to the month just got more interesting despite all the ‘doom and gloom’ from the main-stream media as the Pound gained over 1% in value against the Euro and over 1.5% against the US Dollar in the last 3 days. Against the Aussie Dollar, the Pound has hit its highest level since […]
One Year On…
Introduction So much has happened in the news in the last 12 months. But for me, Putin invading the Ukraine on the 24th February 2022 is a sobering anniversary! Pound Sterling News The UK narrowly avoided slipping into a recession in the second half of 2022. For the whole year, the UK economy grew by […]
The Pound Is At A February High
The Pound Sterling News The first half of February saw the Pound drop to a 4-month low against the Euro on the 5th February, a 4-week low against the US Dollar on the 7th February and its lowest level against the Aussie Dollar on the 2nd February since last September before recovering to register a February high against […]
The Value Of The Pound Against Its Main Competitors
It’s been a nervy start to 2023 for the Pound Sterling. In the first fortnight of the year, the Pound rose by 1.3% against the Euro. In the first 9 days of the year before falling right back to where it started. Against the US Dollar, the Pound has fared better. In the first 5 […]