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30,000 payments processed each day
Over £17 billion transferred by over 150,000 clients in 2020
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Daily FX Report – Sterling Struggles Continue
Pound Sterling (GBP) The British Pound continues to struggle due to mounting worries over the UK’s public finances, disappointing economic figures, and increasingly dovish messaging from the Bank of England. Governor Andrew Bailey even suggested that interest rate cuts could be sped up if the job market deteriorates. While some experts believe the Pound is […]
Daily FX Report – Sluggish Sterling
Pound Sterling (GBP) The British Pound continues to weaken due to a sluggish economy and growing expectations that the Bank of England will cut interest rates more aggressively. Poor GDP figures, budgetary concerns, and a softening labour market have led to selloffs, especially against the Euro and U.S. Dollar. With markets now pricing in as […]
Daily FX Report – Growing Concerns
Pound Sterling (GBP) The Pound declined after UK GDP contracted by 0.1% in May, following a 0.3% fall in April—contrary to expectations of modest growth. Manufacturing and industrial production dropped significantly, with only limited support coming from a slight uptick in the services sector. Adding to the pressure were growing concerns over the UK’s rising […]