06/11/2019

FR Sterling Drifts Higher Against The Euro


GBP

FR Sterling drifted higher against the euro on Tuesday, but stayed within recent trading ranges after survey data showed that Britain’s services sector stagnated last month due to concerns about Brexit.

The Bank of England is set to hold interest rates unchanged at a policy meeting on Thursday and a national election is less than six weeks away. This means that investors will be watching closely for any changes in opinion poll trends for the major political parties before taking positions on the pound.

USD

FR The dollar strengthened on a better-than-expected ISM non-manufacturing PMI. Greenback also rose versus safe-haven currencies on growing signs that the United States and China are inching closer to a trade deal.

Key Announcements

None.


Why choose RationalFX?

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.

Whatever your reason for making overseas payments, we’re confident our currency specialists can save you time and money while providing peace of mind. Call our team now on: +44 20 7220 8181

06/11/2019

Sterling Drifts Higher Against The Euro


GBP

Sterling drifted higher against the euro on Tuesday, but stayed within recent trading ranges after survey data showed that Britain’s services sector stagnated last month due to concerns about Brexit.

The Bank of England is set to hold interest rates unchanged at a policy meeting on Thursday and a national election is less than six weeks away. This means that investors will be watching closely for any changes in opinion poll trends for the major political parties before taking positions on the pound.

USD

The dollar strengthened on a better-than-expected ISM non-manufacturing PMI. Greenback also rose versus safe-haven currencies on growing signs that the United States and China are inching closer to a trade deal.

Key Announcements

None.


Why choose RationalFX?

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.

Whatever your reason for making overseas payments, we’re confident our currency specialists can save you time and money while providing peace of mind. Call our team now on: +44 20 7220 8181