Pound volatile on Brexit uncertainty, ECB speculation bolsters euro Trade in the pound was mixed during last week’s session as some upbeat UK economic data was met by growing Brexit uncertainty. Sterling continues to struggle this week as well, with GBP/EUR tumbling to €1.1367 and GBP/USD sliding to US$1.3406. Looking ahead, the Federal Reserve and [...]

The pound weakens and was placed on the back foot again yesterday as a disappointing services PMI weighed heavily on Sterling sentiment.

The pound got off to a mixed start this week, with investors initially skittish in reaction to the resignation of the Home Secretary, Amber Rudd.

Although yesterday’s UK manufacturing PMI fared better than expected, the overall picture for the sector during the first quarter was disappointing. However, global market conditions allowed the pound to eke out gains versus its stable peers. The pound remains on weak form this morning. Gains of 0.9% for the GBP/EUR exchange rate to €1.1469 currently [...]

The pound struck higher against the majority of its peers as the UK currency found considerable strength from a faster-than-expected uptick in wage growth.

The pound was hit by volatility again last week due to some disappointing economic data and rising speculation of a BoE rate speculation and hike.

The pound was hit by volatility again last week as some mixed economic data and Brexit developments weighed on the currency.

With a reduction of up to 0.25% BNP Paribas International are offering exclusive rates to clients of French Mortgage Xpress for the ‘Fixed Rate Interest Only mortgages in the summer of 2017.*

What’s been happening? The euro was Monday’s currency winner, recording (and holding) notable gains against the majors thanks to the outcome of Sunday’s first round of voting in the French election. With one of the anti-EU candidates, left-wing Jean-Luc Melenchon, out of the running, the odds of a ‘Frexit’ were reduced, and demand for the [...]

The residential property market in France is showing signs of heating up, according to an article in le Monde from last week (29 March). After the record number of 845,000 property transactions in 2016, sales are continuing to rise in the first months of 2017. While property prices in Paris and Bordeaux have risen by [...]