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Foreign exchange and currency rates blog

»Data still mixed
We can all agree that the economic data releases at the moment are confusing. In the UK, the Nationwide survey last week showed UK house prices declining month on month by 0.9%, today the Halifax Survey reports house price increases of 0.2% from July. Positive consumer confidence figures were followed by disappointing PMI index figures, [...]
»The Euro stress tests - the real results
Back in July, 91 of Europe’s largest banks were required to disclose how much government liability from European countries they held on their balance sheets. Regulators said the data showed banks’ total holdings of that debt as of March 31st. At the time, worries about the Banks’ government-debt holdings were fanning fears about the health [...]
»US payroll data boosts confidence
Today is Labour Day in the US and in Canada which means very little work will be done anywhere. Going back to Friday, the stripped out version of the non-farm payrolls figure produced much stronger numbers than had been anticipated. The market now feels that removing the seasonally volatile short-term Government hirings gives a much more [...]
»Market awaits US jobs number
Today is the first Friday of the month, so all aboard the good ship Payroll, as US jobless figures are released this afternoon amid the usual scrum of forecasts and media hype. But it is an important data release, and the Dollar is treading water against the Pound and Euro until we get to see [...]
»Donating in July and August 2010. How did we do?
Well summer has come and gone, and despite the dip in attendance in the office due to holidays we have managed to raise the princely sum of £381.80 during July and August. This is a great achievement as we haven’t had any additional activities, this is just good honest donating on Dress Down Friday! So [...]
»A mixed menu
Yesterday was an eventful day for the Euro as it made significant gains versus both Sterling and the Dollar. The British pound hit a 3 week low against the Euro as the UK Manufacturing PMI came in well below expectations at 54.3 in August following a reading of 56.9 in July. Nationwide house price data [...]
»Meet the team: Zoe Duncombe
Zoe Duncombe: Head of Global Strategic Partners With 10 years of sales and marketing experience within the foreign exchange and payment arena, I have followed the private client, commercial client and the strategic partner model with great interest. There have been some obvious developments and changes, especially within the traditional affiliate model in the UK. Private [...]
»Protecting Your Inheritance
If you’re one of the 1.2 million British pensioners planning to enjoy your retirement abroad, it’s really important to protect your inheritance by understanding the tax implications for your inheritance which are not only affected by UK law but also by taxation law in the country you are now resident in. Forewarned is forearmed! Every country [...]
»Tips: How to generate traffic to your website
Building a search engine friendly website or webpage is not rocket science. Here are our top tips to help maximise your chances of getting your website listed higher in search engine results. Make quality content a priority. Structure content using h1, h2, h3,<strong>, <p> tags. Title, keywords, descriptions relevant to each page. Use and link keywords and phrases within [...]
»Bickering at the FOMC
The highlight overnight was the release of the minutes from the August 10th Federal Reserve Open Market Committee meeting. Some Federal Reserve officials were concerned that a decision to keep securities holdings unchanged would inadvertently signal an intention to resume large-scale asset purchases. Also, a few policy makers said the economic effects of the decision [...]