pound exchange rate struggles against the Euro

Pound slightly higher following yesterday’s Budget on UK Growth but US Dollar was the big mover on a day that promised so much more for the pound. Good morning, The pound, the best performing currency in the past year, strengthened after the Bank of England said further gains are possible as Britain’s economy expands amid …

Is Travel FX Safe to Buy Euros Online

Here is a common question we are asked or see on review sites before they Buy Euros Online Hi all Has anyone ever bought Euros online before or more specifically from Travel FX? I am a bit concerned because it is done via a bank transfer straight to the companies account, not via debit card, …

Bank of England talks up the pound exchange rate

Bank of England talks up the pound exchange rate Though the FOMC decision has received the bulk of the global foreign exchange markets yesterday, but the UK was brimming with event risk and news of its own. February’s labour data kicked off the day. The 34,600 filing drop in jobless claims was much larger than …

Us Dollar Outlook improves against the Euro Exchange Rate

Us Dollar Outlook improves against the Euro Exchange Rate for the first time in four days as bets are placed that the US Dollar printing program (Quantitative Easing) will come to a end at today’s FOMC meeting. The FOMC meeting will give a lot of direction for other exchange rates as well as the Euro …

Pound exchange rates beaten to a pulp

Pound exchange rates beaten to a pulp especially against the euro exchange rate. Foreign exchange traders have fallen out of love with the pound and happy to sell pounds across the board today. Whilst the Crimea story/conflict is blamed one would have thought that the British Pound would have been a safe haven fro currency …

Foreign exchange traders buy euros even with bad data

Foreign exchange traders buy euros even with bad data. Today the German economic expectations worsened in March 2014 as the ZEW Indicator of Economic Sentiment fell for the fourth consecutive month to 46.6 (52 consensus and 55.7 in February). But Foreign Exchange Traders ignored this and started buying euros again with reckless abandon. Why do …

Dont mention the euro exchange rate

US Dollar exchange rate For the US Dollar the CPI for February is released. The annual headline rate has been down this year and markets do expect this pattern to continue. Today in the UK there is no real data once again. Tomorrow sees a release of key data for the UK. Pound Exchange Rate …

South African Rand and Turkish Lira

South African Rand and Turkish Lira are the two currencies that no one wants to own! Both currencies over the last year have fallen in value by a third – and thew outlook in both currencies is for further falls. According to UBS AG the Turkish Lira is still 12% overvalued and the South African …