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Moneycorp Currency Round Up

EUR weekly currency update For a second week the British pound shared the tail-end slot with the US dollar. Having lost an average of -0.9% the previous week they are down by -1.4% over the last seven days, sterling with a loss of two euro cents. Its problems were a mix of economic and political issues. Inflation slowed unexpectedly to 2.6%, reducing the theoretical upward pressure on interest rates, and the second round of Brexit talks in Brussels apparently got off to a difficult start. The euro's principal advantage was Mari Draghi, the president of the European Central Bank. Following…

Why did the Euro rise and US dollar fall?

Euro proliferate while the USD receives a massive Blow According to the European Central Bank, the US dollar is suffering a massive decrease while the Euro steadily increases. The Euro sky-rocketed to a nine-day increase above the US dollar. President of the European Central Bank, Mario Draghi…

China forced labour causing the US Dollar to slide

How listing of China among worst human trafficking offenders will affect US dollar The United States of America (USA) has revealed its intentions of listing the People’s Republic of China among the worst offenders when it comes to human trafficking as well as forced labor. The move is likely to a…

Euro official currency of 19 out of 28 states of the Union

The Euro is an international currency used by the institutions of the European Union, the same way it is the official currency of 19 out of 28 states of the Union. History The Euro was virtually born in 1999, being a goal of the European Union since the 1960’s, and began to circulate in 2002, r…

Postponing the health-care bill sinks the price of the Dollar

Dollar sinks So why is the US Dollar at such low price? If you are an expert or just a regular man that has an interest in the currency than this article may be what are you looking for. We will discuss what is happening with the dollar and how does it sinking from day to day. You probably heard…

Safe Transfer of Money

Big businesses and organisations often need to transfer a lot of money offshore. This could be needed to buy property. A large sum could also be required to make a large purchase. This purchase could be of any kind. But whenever you would need to send a huge amount overseas, the task is quite…

Egypt's economy has finally started to see signs of recovery

Has Egypt's economy finally started to recover after the fall of President Mubarak where the new lift in currency transfer limits announced on Wednesday 14th June will be the test. Early this year Egypt faced a major dilemma over its currency policy. The announcement to float' the Egyptian Currency…

Banks charging what they like on money transfers

High street banks charges for overseas money transfers In an article appearing in the Guardian, when in January this 2017 senior Santander executives assembled in the principality of Andorra, the group's “innovation director” warned that a big part of its profits were facing risks. This was due to the…

How Brexit has affected the pound

12 months on and it is interesting to see just how much Brexit has affected the pound so far. The pound is down against a basket of currencies, notably it is down 15% against the US, Australian and New Zealand dollars and 13% against the Euro. The pound had a reprise on Wednesday when data showed a…

Election 2017: The game is constantly changing

In the Eurozone, the euro was on average flat against the other dozen most actively-traded currencies for a second week. It was unchanged against the US and Canadian dollars, the Japanese yen and the British pound. The ranges were moderate too: a cent and a half each in the case of sterling and the…

Sterling was last week’s top performer

Sterling was last week’s top performer. It came on the back of better than expected data combined with continued optimism about an election win for Theresa May. Expectation is high that there will be a Conservative victory in the General Election on 8th June which has given a boost to S…

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