About Worldwide Currencies

Whether you are making a one off payment or looking for a regular FX service, we have a solution that will cater to your specific requirements. Leaders in Foreign Exchange.

January 2021

Daily Report: 28th January 2021

2021-01-29T08:47:44+00:00

The Pound performed well yesterday across the board but has weakened back below key technical levels. Prime Minister Johnson will travel to Scotland today to call on the UK to work together during the pandemic after Scotland’s First Minister Sturgeon suggested a second independence referendum could happen. Yesterday, the Euro lost some strength as reports surfaced suggesting that ECB officials believe the possibility of an interest rate cut in the Eurozone is being underestimated by the market. German preliminary consumer price index inflation data is due later today which will be closely watched by the market. The [...]

Daily Report: 28th January 20212021-01-29T08:47:44+00:00

Daily Report: 27th January 2021

2021-01-29T08:46:44+00:00

Although coronavirus related deaths have now exceeded 100,000 in the UK, there is positivity about the vaccine rollout especially when compared to other countries. This is continuing to give the Pound an edge against both the Euro and the Dollar. The Euro has lost ground against the Pound over the last 24 hours. German consumer climate data came out worse than expected this morning at -15.6 compared to -7.8 that was forecast. Both Pfizer-BioNTech and AstraZeneca have suggested that they won’t be able to provide the expected number of vaccines to the EU due to production issues [...]

Daily Report: 27th January 20212021-01-29T08:46:44+00:00

Daily Report: 26th January 2021

2021-01-29T08:45:54+00:00

This morning, UK employment data including average earnings, claimant count change and the unemployment rate all came out better than expected. However, the unemployment rate continued to rise to 5% in the 3 months to November with redundancies also at a record high which led to the Pound seeing some weakness. Yesterday, German ifo business climate data disappointed the market with a reading of 90.1 compared to 91.5 that was forecast which weakened the Euro slightly. In addition, Italian PM Conte has decided to resign from the current government in order to form a new coalition. The [...]

Daily Report: 26th January 20212021-01-29T08:45:54+00:00

Daily Report: 25th January 2021

2021-01-25T10:07:56+00:00

The Pound has recovered most of the losses it experienced after the disappointing retail sales data released on Friday morning, with the focus shifting back to the UK’s vaccination rollout. Scotland’s First Minister Sturgeon has said that she hopes another Scottish independence referendum will take place if the SNP wins a majority in the Holyrood elections in May. The Euro remains weak against a stronger Pound but is performing well against an even weaker Dollar. On Friday, Eurozone flash manufacturing and services PMI data came out better than expected which gave the common currency a boost. France [...]

Daily Report: 25th January 20212021-01-25T10:07:56+00:00

Daily Report: 22nd January 2021

2021-01-25T10:06:47+00:00

The Pound has weakened as indications that lockdown restrictions will be extended has caused further concerns about what its economic impact might be. In addition, UK retail sales data released this morning showed a figure of 0.3% compared to 1.4% that was forecast which disappointed the market. On an annual basis, retail sales fell by 1.9% in 2020 which represents its largest decline since records began in 1997. The Euro has seen some renewed strength against both the Pound and the Dollar. ECB President Lagarde suggested that the central bank might not use all of its €1.85 [...]

Daily Report: 22nd January 20212021-01-25T10:06:47+00:00

Daily Report: 21st January 2021

2021-01-21T19:51:11+00:00

The Pound continues to remain supported due to the quick vaccine rollout in the UK with over 4.6 million people having their first dose of the vaccine already. Bank of England Governor Bailey has suggested that there should be a pronounced economic recovery in the UK which also helped Sterling hold on to its recent gains. The Euro remains weak against the Pound but is performing well against the Dollar. It is widely expected that the ECB will keep interest rates unchanged today but comments about a strong Euro having a negative impact on inflation could create [...]

Daily Report: 21st January 20212021-01-21T19:51:11+00:00

Daily Report: 20th January 2021

2021-01-21T19:49:54+00:00

This morning, UK consumer price index inflation for the month of December beat market expectations at 0.6% compared to 0.5% that was forecast. This has given the Pound a boost against both the Euro and Dollar. Yesterday, both Eurozone and German ZEW sentiment data came out better than expected which gave the Euro some strength initially. Italy PM Conte has won a confidence vote by the Senate to stay in power, but opposition parties are planning to ask President Mattarella to force Conte to resign. As expected, US Treasury Secretary nominee Yellen suggested that approving the proposed [...]

Daily Report: 20th January 20212021-01-21T19:49:54+00:00

Daily Report: 19th January 2021

2021-01-21T19:46:19+00:00

The Pound has held on to its gains with vaccine deployment minister Zahawi suggesting that the vaccine rollout is going as planned and everyone in the UK will be offered a vaccine by September. Overall, this has given Sterling an edge as this time frame is much more promising when compared to other countries. The Euro remains volatile for the time being. Italian PM Conte has won a confidence vote in Parliament but will face a similar test in the Senate today. Eurozone and German ZEW economic sentiment figures are due to be released this morning which [...]

Daily Report: 19th January 20212021-01-21T19:46:19+00:00

Daily Report: 18th January 2021

2021-01-21T19:49:00+00:00

The Pound has weakened across the board after strengthening substantially over the past week. The UK has closed its travel corridor with all UK-bound travellers needing a negative coronavirus test in order to be permitted entry. Bank of England Governor Bailey will be speaking later today which will be closely watched by the market. The Euro remains weaker against the Dollar for the time being. The Dutch government including PM Rutte has resigned over a scandal involving child benefits but will stay on as an interim government until parliamentary elections take place in March. Italian PM Conte [...]

Daily Report: 18th January 20212021-01-21T19:49:00+00:00

Daily Report: 15th January 2021

2021-01-21T19:48:54+00:00

The Pound has continued to build on its positive momentum against both the Euro and Dollar. This morning, UK GDP showed that the economy shrank by 2.6% in November which was caused by increased lockdown restrictions. However, this was better than a 4.6% contraction that was forecast. Both UK industrial and manufacturing production disappointed the market though which limited any further gains. The ECB Monetary Policy Meeting Accounts published yesterday showed that members were concerns about the strength of the Euro as it could have a negative impact on inflation. German economy minister Altmaier believes that economic growth will [...]

Daily Report: 15th January 20212021-01-21T19:48:54+00:00
Go to Top