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Pound weakens on proposed Brexit Customs Plan

Why has the Pound fallen today? Theresa May has revealed some details about the proposed new Brexit Customs Plan.  There are meetings today between the Prime Minister and Angela Merkel, but they don’t seem to be going as well as May had hoped. We’re…

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Sterling recovers slightly on BoE comments

Sterling found a little much-needed support today, on speculation that maybe the Bank of England will raise rates soon after all. There’s been a little uncertainty recently, with some members of the MPC wanting to raise rates, and other wanting…

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What affects exchange rates? How do you get the best deal?

Why do exchange rates matter? People from all walks of life are reliant on currency, from Private individual’s buying a property overseas, to companies paying invoices in a foreign currency. Market fluctuations can therefore have a huge impact on the cost. When deciding the best time…

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What could move GBP exchange rates this week?

Exchange Rates

Good morning. In today’s post, I’ll take a look at what data releases are due this week that could affect Sterling exchange rates. Some key events include UK growth figures on Friday, and speeches by various central bank members. A very…

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Politics and Central Banks to affect GBPEUR this week

GBPEUR

Good morning. GBPEUR rates have slipped into the €1.13’s this week, giving up the gains we saw last week. GBPEUR rose into the €1.14’s after the European Central Bank (ECB) cut growth forecasts. this had weakened the Euro and pulled…

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