CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider (Saxo Bank). You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.

Staying on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking out for over the next couple of weeks…

Latest currency news

The pound has fallen back over the past couple of weeks as heightened Brexit uncertainty unnerves some GBP investors.

This uncertainty has also created some notable volatility in Sterling, which saw GBP/EUR trade between 1.17 and 1.15 before settling at 1.16, whilst lifting EUR/GBP from 0.85 to 0.86.

Meanwhile, GBP/USD has slumped from 1.32 to 1.30, and EUR/USD has stumbled from 1.13 to 1.12.

What’s been happening?

Trade in the pound has become increasingly erratic in recent weeks, with elevated Brexit uncertainty resulting in some dramatic swings in movement and weakness in GBP exchange rates.

At the same time, the euro faced some pressure in late March as Eurozone economic data continued to underwhelm, before stabilising in April as some data began to improve.

This has resulted in the US dollar being the strongest performer of the three currencies in the past couple of weeks, boosted by some robust US data and safe-haven demand.

What do you need to look out for?

Expect to see Brexit continue to drive volatility in the pound for the foreseeable future, especially if the UK crashes out of the EU without a deal.

While the outcome of Brexit will also impact the euro, the immediate focus for EUR investors will likely be on the European Central Bank’s upcoming rate decision.

Finally, the ongoing US-China trade talks will likely be in the spotlight for USD investors as a deal could undermine the US dollar as traders moving out of safe-haven assets.

Our friends at Currencies Direct

At Currencies Direct we’re here to talk currency whenever you need us, so get in touch if you want to know more about the latest news or how it could impact your currency transfers.

Since 1996 we’ve helped more than 250,000 customers with their currency transfers, just pop into your local Currencies Direct branch or give us a call to find out more.

Exclusive Offer for Collins Sarri Statham Clients & Newsletter Subscribers

Find out more

Get Started with CSS

Open an Account

Subscribe to our award winning daily newsletter

Voted "Best Market Newsletter" in 2012, 2014, 2015 and 2017 by the City of London Wealth Management Awards

Subscribe to our newsletter (Popup)

By signing up to our free email, you are consenting to receive these promotions. The newsletter is sent up to three times per day during the week and up to once per day over the weekend and is directed at UK residents. The newsletter contains company news, market movements, CSS research and promotions and breaking economic news. Occasionally our newsletter will contain advertisements from trusted partners. However, we will never give, sell or rent your email address to any other companies. If you want to stop receiving our free emails you can unsubscribe at any time by clicking on the link at the bottom of each email. You can read our privacy policy here.

No, thank you I am already subscribed