2019-08-20 09:27
Good morning,
Yesterday’s movement proved choppy, with a GBP drop in market open, a midday tease at some pound recovery, and the day finishing with a sell-off to drop the GBPUSD back b… Read More
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2019-08-19 08:27
Good morning,
The week begins with the final euro inflation data out this morning at 10:00 BST, with no surprises anticipated from the flash estimates.
The sentiment on the pound this week h… Read More
2019-08-16 08:41
Good morning,
Today is a very thin day with data, as the week finishes off with a busy day yesterday.
We saw the pound piggybacking off some positive retail sales, crossing the 1.09 mark aga… Read More
2019-08-15 08:37
Good morning,
Yesterday’s key movement was driven around the macro fears bleeding around the globe.
The US yield curve inverted for the first time since the financial crisis in 2008, s… Read More
2019-08-14 08:53
Good morning,
As I mentioned in yesterday’s daily update, Tuesday saw the release of the first of 3 key data releases from the United Kingdom at 9.30am, the result, however, was not cl… Read More
2019-08-14 08:25
What’s new with PSD2?
At WorldFirst, we are committed to evolving, both to improve our product offerings for our customers, and to also keep up to date with vital regulatory or solutio… Read More
2019-08-13 07:41
Good morning,
The pound recovered some of it catastrophic Asian session losses yesterday against the Euro, not through any handiwork of its own, but by increased Italian election fears &ndas&hell…Read More
2019-08-12 08:49
Good morning,
In what seems to be a never-ending sense of déjà vu, GBP once again posted new lows against both the USD and EUR.
Upon the opening of the Asian trading session, o… Read More
2019-08-09 08:03
Good morning,
Yesterday provided the most obvious example of just how frustrating it is to analyse and understand how the pound trades; an extended rebound whilst the dust had seemingly sett… Read More
2019-08-08 09:18
Good morning,
Admittedly, the majority of the articles that I have produced recently have focused on the rapid deterioration of the pound in the face of continuing political pressure with re… Read More
2019-08-07 08:04
Good morning,
The pound continues to rattle between relatively tight trading zones against both the EUR and USD, as a lack of any negative Brexit headlines this week has allowed GBP to hang… Read More
2019-08-06 08:49
Good morning,
Yesterday, the market digested the back and forth between China and the US in the developing trade war, with remarks from the West on the yuan movement making headlines. Trump… Read More
2019-08-05 08:11
Good morning,
We start off the week shifting focus from the Central Bank and back onto the trade dispute.
Following last week’s tariff threats from Trump – to the tune of $300bn… Read More
2019-08-02 08:24
Good morning,
Shortly after the close of business in the UK yesterday, where the majority of the focus was on the near-term collapse of the GBP off the back of continuing brinkmanship betwee… Read More
2019-08-01 08:35
Good morning,
The markets have opened with more dollar strength today in the wake of the US policy announcement.
Why is this, when the Federal Reserve cut rates for the first time in 11 year… Read More
2019-07-31 08:12
Good morning,
This morning we are struggling to catch our breath from yesterday’s pound plunge, as the baton is passed over to the US where the Federal Reserve will confirm their rate… Read More
2019-07-30 10:12
It’s been a while since I’ve written on our blog, but what we’ve announced is the most significant development for WorldFirst customers, since we first launched individual… Read More
2019-07-30 07:22
Good morning,
It’s fair to say that despite yesterday being data silent, as always politics more than made up for it with regards to currency movements. The sterling tumbled to 28-mont… Read More
2019-07-29 09:21
Good morning,
Although we are starting off the week quietly on the data front, the week ahead is a busy one, likely determining market momentum for the remainder of summer, with particular f… Read More
2019-07-26 08:03
Good morning,
Today is a largely data quiet day, with digesting yesterday’s ECB meeting policy changes and the first statement as Prime Minister by Boris Johnson. There are GDP and inf… Read More
2019-07-25 07:31
Good morning,
It was a busy day in London yesterday as Boris Johnson began his term as Prime Minister, which saw Chancellor Philip Hammond and Foreign Secretary Jeremy Hunt resign alongside… Read More
2019-07-23 10:00
The foreign exchange industry has historically been dominated by traditional players who offer rates that haven’t always been customer-friendly. Today, real change is coming to the ind… Read More
2019-07-23 08:29
Good morning,
Following a tentative day of trading yesterday with very little impactful data, the markets are primed for a big week ahead with the UK front and centre today.
The Tory leaders… Read More
2019-07-22 08:20
Good morning,
Today is an extremely quiet start to what looks to be a very busy week with regards to market movers, with no significant data releases or speeches being made all day. Inflatio… Read More
2019-07-19 08:44
Good morning,
Data isn’t a key driver today, with no significant releases to finish the week off.
Out of the US, a dovish tone was emitted from key FOMC board members yesterday regardi… Read More
2019-07-18 08:14
Good morning,
Pound feels the pressure
The pound took another steep fall yesterday, continuing its trend by beating yearly lows against the euro over the last six years. The reason for the m… Read More
2019-07-16 08:03
Good morning,
It was an active day yesterday for the New Zealand dollar, as it reached a three month high against the US dollar following positive inflation reports for Q2 and a recent drive… Read More
2019-07-11 07:36
Good morning,
We have a very busy day ahead across the board with central bank commentary, inflation reports and monetary policy statements.
Overnight we had Australia’s inflation repo… Read More
2019-07-10 08:50
Good morning,
Things have seemingly gone from bad to worse for sterling after close of trading in the UK markets yesterday, with key levels of $1.25 and $1.1150 being breached following sent… Read More
2019-07-09 08:38
Good morning,
Yesterday proved to be a slightly calmer day with today expected to be much more of the same, presenting a good opportunity for fixing trade requirements in the lead up to the… Read More
2019-07-08 08:38
Good morning,
We kick off the week with a fairly quiet data calendar, but volume should be picking up quickly as the US re-joins after the bank holiday and long weekend.
At 7 am this morning… Read More
2019-07-05 08:57
Good morning,
After a thinly traded Thursday, we welcome the US markets back as we head into the weekend, with the US non-farm payrolls taking centre stage today.
An expected rise of 160,000… Read More
2019-07-04 08:19
Good morning,
Today is fairly data quiet as the US markets, in particular, are closed for the 4th of July national holiday – complete this year with a glittering military hardware disp… Read More
2019-07-03 07:38
Good morning,
The pound tumbled lower yesterday following Mark Carney’s speech which depicted a rather bleak warning around the tariff war. Policymakers could find themselves grossly u… Read More
2019-06-28 07:52
Good morning,
We’re back! Apologies to those who have not been receiving their regular market updates.
Today we kick off with the G20 summit in Osaka. The much-anticipated meeting betw… Read More
2019-06-19 08:59
Good morning,
Yesterday was a choppy day for Dollar pairs as Trump and Xi confirmed that a phone call took place and that they would (all being well) be meeting at the Japanese G20 summit. T… Read More
2019-06-11 07:39
Good morning,
GBP: Earnings data at 09:30
We have a cluster of employment data being released at 09:30. This covers the Claimant rate, Average earnings and Unemployment rates – given t… Read More
2019-06-07 09:21
Good morning,
USD: Employment data and Tariffs the order of the day
US labour data is due out at 13:30 so be on standby for extended volatility in the afternoon – The FOMC members have… Read More
2019-06-05 13:38
Good afternoon,
USD: Non-Farm employment data on Friday
We have the non-manufacturing PMI reading from May due out at 15:00. This will receive more attention than usual, following on from th… Read More
2019-06-04 08:32
Good morning,
EUR: Key inflation data due
We have high impact news for the Euro at 10:00 BST with Consumer Price Index YoY and April’s unemployment rate due. Inflation has been priced… Read More
2019-05-29 07:18
Good morning,
USD – Treasury cites concerns over nine countries’ currency practices
American lawmakers were focused on other currencies than the dollar yesterday publishing the l… Read More
2019-05-23 07:38
Good morning,
GBP: Theresa May clings on
Today the Conservatives will have to front up to the European parliamentary election results which are likely to yield a heavy defeat. In light of th… Read More
2019-05-22 08:52
Good morning,
GBP: New push for Theresa May to go
Laura Kuenssberg, BBC political editor, has hinted that there is a new push underway to oust the PM this weekend which would coincide with t… Read More
2019-05-21 08:07
Good morning,
EUR: Austrian Government set to collapse
Following the release of film footage showing the Freedom Party’s leader My Heinz-Christian Strache offering exclusive government… Read More
2019-05-20 09:50
At WorldFirst, we know first-hand that building an international business can be full of challenges, long hours, and setbacks. But we also know just how worth it all of the hard work is.
Bac… Read More
2019-05-20 09:28
Good morning,
USD: Trade risk taking a break
We kick off the week with very few economic data releases, which is probably a good thing given how much we had to deal with last week. The small… Read More
2019-05-17 09:12
Good morning,
GBP: Timetable set up for May’s departure
Theresa May’s failure to deliver Brexit has been the elephant in the room for as long as I can remember. With the Commons… Read More
2019-05-16 08:34
It’s time to bring home your funds from even more locations around the world.
Following the recent launch of our SGD local currency accounts, we are delighted to announce the launch of… Read More
2019-05-16 08:28
Good morning,
GBP: Cross-party talks unable to shift sentiment
UK politics, as a whole, remains utterly useless this week with Labour continuing to take pot shots at the Conservatives and Th… Read More
2019-05-15 08:39
Good morning,
GBP: Lack of data prevents an upside
Yesterday’s wage data was unable to fire up the Pound as the drop in unemployment was muted by lower average earnings. GBPUSD remains… Read More
2019-05-14 08:28
Good morning,
USD: Gloves are off
Trump’s plan backfired spectacularly yesterday as China dished out their own $60 billion worth of US tariffs. China is now targeting US agricultural g… Read More
2019-05-13 08:34
Good morning,
GBP: Speech from Labour
The economic calendar for today’s trading is very thin, with no significant entries to discuss. Ulster Bank released its economic research into th… Read More
2019-05-09 08:17
Good morning,
USD: Trump decides to tax US consumers further
Yesterday saw the trade war between the US and China escalate further as the Trump administration clarified its intent to raise t… Read More
2019-05-08 07:46
Good morning,
GBP: Sterling’s brief rally is over
The pound didn’t deserve to rally on Friday and came down the other side of the mountain yesterday afternoon once it became clea… Read More
2019-05-07 07:51
Good morning,
GBP: Local elections offering sterling hope
Sterling has had an interesting bank holiday weekend, setting off like a rocket ship on Friday afternoon before settling down yester… Read More
2019-05-03 09:02
Good morning,
GBP: I don’t believe you
Sterling fell back from its elevated levels of late yesterday as investors called the Bank of England’s bluff on the possibility of interes… Read More
2019-05-02 08:37
Good morning,
GBP: A lot to focus on
Sterling will attract a lot of focus today although not all of that attention will be positive. Both the Bank of England meeting and the local elections… Read More
2019-05-01 08:17
Good morning,
USD: End of month weakness shouldn’t last
The dollar spent a lot of yesterday on the back foot. As fund managers end a month of investment, they typically rebalance the p… Read More
2019-04-30 10:31
Good morning,
CNH: A slower recovery
The main news from a quiet session overnight was the publication of the latest round of manufacturing sentiment data from China. Growth remained positive… Read More
2019-04-29 13:31
Good afternoon,
The week ahead in GBP
You don’t have to watch the news or read the papers to know that progress on Brexit has been non-existent ever since the extension to Article 50 t… Read More
2019-04-29 09:00
Good morning,
EUR: No trouble in Spain
Spanish elections over the weekend have failed to upset the euro with the already ruling PSOE party increasing their vote share and likely to begin a c… Read More
2019-04-26 08:41
Good morning,
USD: A strong week
What can we say that hasn’t already been said about the US dollar? Another round of strong data – durable goods orders and jobless claims yesterd… Read More
2019-04-25 08:35
Good morning,
USD: Keeps chugging higher
Yesterday was a six-week high in the USD and we open up this morning with the wider USD at the highest level in nearly four months. Strong tech earni… Read More
2019-04-24 09:01
Good morning,
GBP: Fresh monthly lows
Sterling is trading at its weakest in over a month against the US dollar this morning. Once again, this seems to be as much a function of a strong dolla… Read More
2019-04-18 09:33
Good morning,
GBP: Another round before Easter arrives
This week has not been an interesting one for sterling but, given the ups and downs of the past few months, most sterling watchers will… Read More
2019-04-17 08:12
Good morning,
GBP: Jobs numbers due
Sterling offered little and got less yesterday in reaction to the latest jobs numbers. There are few bright spots economically in the UK at the moment but… Read More
2019-04-16 08:09
Good morning,
GBP: Jobs numbers due
It is clear to see the lack of interest sterling now that Westminster is shut for a recess lasting another six days; GBPUSD has moved no more than 0.1% ov… Read More
2019-04-15 09:00
Good morning,
GBP: So, what now?
It has been nice to spend a weekend not having to watch the Sunday morning political shows, parsing the double speak of our nation’s decision makers to… Read More
2019-04-11 08:57
Good morning,
GBP: Halloween just got scarier
The EU and the UK agreed last night to a six month extension to the Brexit process, pushing the date of no-deal back until October 31st and knoc… Read More
2019-04-10 09:58
Good morning,
EUR: ECB to meet amid European strains
Typically European Central bank meetings take place on a Thursday but this month’s is today so as to allow ECB members the ability… Read More
2019-04-09 07:43
Good morning,
GBP: May in Europe
It’s all very quiet in sterling ahead of tomorrow’s key EU summit that will see the EU27 vote on whether – and for how long – to offe… Read More
2019-04-08 15:15
Good afternoon,
The week ahead in GBP
I took a few days to not look at my phone this weekend in order to get my head out of the Brexit bubble. Coming back to another week of cliff-edge decis… Read More
2019-04-08 08:54
Good morning,
GBP: Something has to give
The UK is once again less than a week away from leaving the European Union without a deal with this Friday at 11pm still the legal default as to when… Read More
2019-04-05 08:21
Good morning,
USD: Job data rebound
After February’s surprisingly low new jobs figure we expect things to pick back up with today’s reading showing around 190,000 jobs being adde… Read More
2019-04-04 07:33
Good morning,
GBP: Resignations, cross-party talks and Customs Union debate
The cross-party negotiations will continue today under the careful watch of global markets, with the upbeat mood r… Read More
2019-04-03 08:01
Good morning,
GBP: Finally some movement
Sterling is higher for the second day in a row as markets react to Prime Minister Theresa May’s plans to work towards a deal on Brexit with Jer… Read More
2019-04-02 08:12
Good morning,
GBP: Here we go again
Sterling slipped overnight following the announcement that none of the indicative votes for alternative Brexit plans gained a majority in the House of Com… Read More
2019-04-01 16:04
Good afternoon,
The week ahead in GBP
With the government’s Brexit plan once again defeated in the House of Commons, it is little wonder that a fair amount of fatigue has crept into st… Read More
2019-04-01 08:40
Good morning,
GBP: Solution in modifying May’s deal
Friday saw the government’s plans for a Brexit withdrawal agreement lose in the House of Commons by 58 votes, the third time t… Read More
2019-03-29 10:42
Good morning,
GBP: One last chance
Theresa May will ask parliament to vote on the Withdrawal Agreement part of her Brexit deal this afternoon. We have to ask why, given both the Labour party… Read More
2019-03-28 08:47
Good morning,
GBP: Parliament says ‘No’ seven times
No single Brexit plan – not the PM’s nor any alternative – put to the Commons yesterday has a majority again… Read More
2019-03-27 08:53
Good morning,
GBP: The only consensus is that there is no consensus
GBP has continued to trade either side of the 1.32 mark in the past 24 hours as we all get ready for another day, and even… Read More
2019-03-26 09:15
Good morning,
GBP: May loses again as Parliament take back control
Sterling rose last night on another defeat for the government in the House of Commons. MPs will now hold a series of indica… Read More
2019-03-25 15:44
Here at WorldFirst, we are continuously working to improve our services for online sellers. That’s why, as part of our ongoing mission to build the world’s best platform for glob… Read More
2019-03-25 09:06
Good morning,
GBP: Use your indicators
The moves of late Thursday night and Friday morning in Brussels have allowed sterling to bed down as we enter the final few days of the Article 50 peri… Read More
2019-03-22 08:49
Good morning,
GBP: Postponement signed off by EU
Last night the EU granted the UK two options. The first is a very short unconditional extension of two weeks until 12th April.
The shelf-life… Read More
2019-03-21 09:25
Good morning,
GBP: Leaving it to the last minute
We may have been premature in calling last week ‘Hell Week’ given yesterday’s goings-on in both London and Brussels with an… Read More
2019-03-20 09:57
Good morning,
GBP: Brexit to get another three months
This morning it has become clear that any extension that the UK will seek from the European Union will be ‘short’ and likely… Read More
2019-03-19 09:55
Good morning,
GBP: Speaker interference
Sterling is higher this morning following yet another twist in the ongoing game of Brexit. Speaker Bercow’s decision to not allow another meanin… Read More
2019-03-18 09:32
Good morning,
GBP: Crunch time
It may have taken nearly two years but we are finally getting to the crunch point of Brexit negotiations. Of course, these negotiations are not between the EU… Read More
2019-03-15 10:27
Good morning,
GBP: A delay and only a delay
Barring the European Union declining to offer the UK an extension or offering one on terms that the UK is unable to accept, the UK will not be lea… Read More
2019-03-14 10:33
Good morning,
GBP: Extend and pretend
Sterling ran higher last night as MPs voted both on amendment and motion to prevent the government from actively seeking a no-deal Brexit. Some of that… Read More
2019-03-13 14:20
Here at WorldFirst, we believe that selling on global online marketplaces should be just as easy as selling locally.
Since our humble beginnings in 2004, we have made significant strides tow… Read More
2019-03-13 10:18
Good morning,
GBP: Another day, another defeat, another chance
As has been widely expected, the government lost its second meaningful vote on its own Brexit plan. Sterling whipped up, down a… Read More
2019-03-12 09:03
Good morning,
GBP: Deal looking more possible than ever
The mood music around sterling today is a lot more positive than it was 24 hours ago. The news that Theresa May will be bringing legal… Read More
2019-03-11 16:17
Good afternoon,
The week ahead in GBP
We have taken to calling this coming week ‘Hell Week’ at WorldFirst. Any time the fate of the UK and the pound are put in the hands of our e… Read More
2019-03-08 07:51
This week sees International Women’s Day being celebrated all around the world – a day to recognise the historical, cultural and political achievements of women everywhere. It&rs&hell…Read More
2019-03-07 09:20
Good morning,
EUR: Long-awaited ECB meeting
Whilst the ECB’s current rate policy remains on hold, there will be a renewed focus on GDP and inflation projections. Both are currently exp… Read More
2019-03-06 09:23
Good morning,
GBP: Market still prepping for a no-deal
Yesterday’s speech from Bank of England Governor, Mark Carney, was well rounded, focusing on both sides of the coin. A series of… Read More
2019-03-05 09:19
Good morning,
AUD: Central bank holds
Last night the Reserve Bank of Australia left interest rates at 1.5%, giving way to some modest Aussie strength across the board. The accompanying comme… Read More
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