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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 – Economic Uncertainty
Pound Sterling (GBP) The British Pound has weakened and is nearing its lowest levels of 2023 against the U.S. Dollar. While the currency appears oversold, it’s unlikely to see a strong recovery unless there’s a policy shift in the UK. Economic challenges such as stagnation, rising unemployment, and increasing debt are dragging down the Pound, […]
Daily FX Report – Challenged Markets
Pound Sterling (GBP) The British Pound weakened against several major currencies, including the Euro, amid persistent concerns over rising borrowing costs in the UK. These worries about the country’s financial stability have undermined confidence in the Pound, leading to its struggles against other currencies. Market sentiment remains cautious, with fears that the government may face […]
Daily FX Report – Momentum Loss
Pound Sterling (GBP) The British Pound is declining as investor confidence in the UK’s fiscal outlook wanes. Concerns about debt sustainability, surging government spending, and rising inflation are driving the currency lower. This reflects growing doubts about the UK’s economic management, with the Pound losing value against other major currencies. Markets are reacting negatively to […]