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April 8th, 2016
The shock of yesterday’s ‘Brexit’ polling data has been compounded today by the news that taxpayers will fund a pro-EU leaflet campaign. Pound Sterling (GBP) has weakened against the US Dollar (USD) and the Euro (EUR) in response to the news, which provoked outrage among ‘Brexit’ supporters.
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This article was provided by TorFX, a valued partner of RelocateUSA. TorFX is a leading expert in currency exchange, and can help you secure a competitive exchange rate when transferring money.
The ‘Brexit’ referendum has once again reared its head. Even the Queen has now become embroiled in the row and the resulting fallout has once again weakened appetite for Pound Sterling (GBP), mostly allowing the US Dollar (USD) and Euro (EUR) to advance.
This article was provided by TorFX. TorFX is a leading expert in currency exchange, and can help you secure a competitive exchange rate when transferring money.
Another swathe of bad news from the UK economy has kept Pound Sterling (GBP) weak over the past seven days. A volatile global stock market has seen the Euro (EUR) fluctuate wildly, while the US Dollar (USD) has been weakened by confusion over the likely path US interest rates will take.
This article was provided by TorFX, a valued partner of RelocateUSA. TorFX is a leading expert in currency exchange, and can help you secure a competitive exchange rate when transferring money.
More uncertainties in China and a continued tumble in global oil prices have weighed heavily on currency and equity markets across the world. Pound Sterling, the US Dollar and the Euro have all felt the effects of Chinese fears, with the stock markets posting significant losses as investors look for safer assets in which to invest their money.
This article was provided by TorFX, a valued partner of RelocateUSA. TorFX is a leading expert in currency exchange, and can help you secure a competitive exchange rate when transferring money.
The first week of 2016 is one that many investors will wish to forget, as poor data regarding the Chinese economy sparked fears of a slowdown. Chinese traders rushed to sell off domestic shares, causing the Chinese authorities to activate a new system which suspended trading in order to control losses.
Almost all of 2015 was dominated by Federal Reserve interest rate hike speculation, with investors constantly revising bets of when the Fed was likely to increase borrowing costs based on the latest US data releases.
Read MoreA weak UK Gross Domestic Product reading helped to bolster the US Dollar against the Pound on Tuesday, while the Euro began to regain strength on the back of better-than-expected surveys of Eurozone business sentiment.
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