GBP The pound posted an impressive recovery against the dollar yesterday despite there being no fundamental changes in the currency market. Sterling’s appreciation appears to be a technical move resulting from quarter end re-balancing. Yesterday, EU chief negotiator Barnier rejected the UK’s plan for the City of London’s access into the EU. Barnier said the […]
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Based in the heart of London’s financial district Canary Wharf, RationalFX has traded over $10billion in currencies across the globe. Take advantage of our competitive exchange rates, market expertise, suite of FX products and online payment platform when you make bank to bank transfers in over 50 currencies worldwide.
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Market News and Analysis
GBP Sterling remained highly volatile on Tuesday and was affected by worse than expected GDP data. The British economy shrank by 2.2% in the first quarter which was the biggest drop in GDP since 1979. The Bank of England has warned that GDP could have contracted by more than 20% during the first six months […]
GBP Sterling continued to trade at recent lows as Brexit worry continues to force pressure on the currency. The pound dropped to three month lows against the Euro and a one month low against the US Dollar, as a worse than anticipated Brexit deal became more likely over the weekend along with further worry that […]
GBP Sterling fell to June lows against both the EUR and USD on Friday as both weaker investor risk appetite and doubts the UK will yield any progress from this weeks UK-EU trade discussions contributed to a weaker GBP. Since the UK’s decision to leave the European Union the GBP has been trading in line […]
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