EUR/GBP gained momentum near 0.8436 following the European Central Bank’s (ECB) decision to reduce interest rates to 2.0% from 2.25%, matching market anticipations. In its accompanying statement, the European Central Bank (ECB) pledged to stabilise inflation at its medium-term target of 2%. Projected headline inflation is expected to average 2.0% in 2025, 1.6% in 2026, […]
The European Central Bank (ECB) is set to announce its latest policy decision on Thursday, which is likely to affect market sentiment regarding the euro. The market expects the ECB to continue with easing measures at the June meeting, implementing another 25 basis point cut to reduce the deposit rate to 2.00%. This would represent […]
GBP/USD lost momentum near 1.3514 as investors await the BoE Monetary Policy Report Hearings before Parliament. Market expectations suggest that the Bank of England (BoE) will continue its easing of monetary policy in June, driven by a stronger-than-anticipated UK Consumer Price Index (CPI) and robust growth in UK Retail Sales for April, influencing the pound. […]
Imagine yourself at the crowded markets of the famous Borough, looking for currency exchange bureaus nearby, looking to exchange your pounds for euros. Sounds quite different from your regular finances, right? That is currency exchange, an easy-to-learn concept deep-rooted in global finances and has the power to alter them! Let’s take a deep dive into […]
Imagine this: You’re planning a long family trip to Scotland, excited about exploring the beautiful sites. You’ve carefully planned your whole itinerary, packed your bags, and found all the places your family will love eating. However, through this, you forgot to convert your currencies from Euros to GBP. The next day, you get time to […]
Well, entering the 20s is exciting! The rush of adrenaline brings a sense of elation as you approach the finish line of your degree or prepare to step into your first job and exciting new work opportunities. There are countless beginnings ahead, all contributing to laying a strong foundation for your life! While you’re eager […]
Navigating currency exchange can be quite perplexing, particularly with daily rate fluctuations, unexpected fees, and uncertainty about the optimal time or location for a transaction. Whether you are travelling, studying abroad, or sending money internationally, understanding the dynamics of foreign currency can help you save time, reduce stress, and conserve money. Often, it’s difficult to […]
GBP/USD climbed to 1.3413, following the release of April’s hotter-than-expected United Kingdom (UK) Consumer Price Index (CPI) data. The annual headline Consumer Price Index (CPI) increased by 3.5% in April after recording a 2.6% growth in March, as the Office for National Statistics (ONS) data indicated on Wednesday. The market forecast anticipated a 3.3% rise […]
GBP/JPY fell to 193.22, as the pound was buoyed by news of a fresh UK-EU agreement easing checks on food, livestock, and agricultural goods. Strong ties between the EU and the UK during potential global economic turmoil, stemming from the fallout of reciprocal tariffs imposed by US President Donald Trump, are expected to alleviate the […]
EUR/GBP increased to near 0.8437, as upbeat UK growth numbers bolstered the sterling. The UK economy expanded by 0.7% QoQ in the three months to March 2025, following a 0.1% increase in the final quarter of 2024, surpassing the estimated 0.6% rise during the reported period. The UK GDP rose 1.3% year-over-year (YoY) in Q1 […]
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