Latest Currency Today Blog Posts

fcexchange-blog Global Economy News Posted on Monday 9th January, 2017
GB POUNDThe pound started the week trading at 1.1729 against the Euro (GBP/EUR) and 1.2339 against the US Dollar (GBP/USD). Official figures released on Tuesday showed the UK’s manufacturing purchasing managers’ index (PMI) rose to a two-year high, which allowed the pound to rally against the euro hitting its highest level in two weeks at 1.1810. Meanwhile, Britain and Ireland have set up a new trade network to offset the impact of ‘Brexit’. The British Irish Chamber of Commerce (BICC)

board-1193333_1920 UK Inflation has increased from 0.9% in October to 1.2% in November Posted on Wednesday 21st December, 2016
GB POUNDThe pound held on to its gains from last week as it started the week trading at 1.1920 against the Euro, and 1.2610 against the US dollar.Inflation in the UK has increased from 0.9% in October to 1.2% in November. This is the highest level since 2014. It is thought that the fall in food prices, higher fuel costs and food price deflation are the key factors behind the rise. The jobless rate in the UK has remained at 4.8%, an eleven-year low, but the number of people in work has dropped to