Optimal Currency Latest News
Sterling Suffers as Powell Pours Cold Water on Market Rebound
Sterling Loses Ground The pound has taken a substantial knock over the last 24 hours as fears over the global economic [...]
Emergency Interest rate cut and the budget
Bank of England Emergency Rate Cut This morning the Bank of England has announced an emergency cut in interest rates to [...]
Single currency gaining on Market meltdown whilst GBD and USD gets hit
The Single has gained against the majors today despite the Eurozone being one of the most exposed global economies to the coronavirus. [...]
Corona virus strikes the Pound
Coronavirus and interest rate cuts The sell-off in the Pound has been astounding. GBP/EUR exchange rates shed four months of gains [...]
GBP/EUR drops back into the 1.19’s
Has the Pound Topped out? The Pound has retreated from its 2020 highs against the Euro, falling from 1.2074 on Tuesday [...]
GBP/EUR back in the high 1.18’s
Could Sterling gains be capped? We have seen the Pound gain against the Euro and US Dollar for the third consecutive [...]
Sterling Rises After UK GDP Data
Pound Strengthens After UK Ecostat Release The pound rose against both the US dollar and the euro on Tuesday after slightly [...]
Volatile Start to February for Sterling
Choppy Trade for GBP It's been an interesting start to the month for the pound, with average daily movements of around [...]
Sterling Rises After Employment Data
Pound Rises for Second Consecutive Day The pound rose against both the US dollar and euro on Wednesday, for the second [...]
Poor Inflation figures weaken Pound
Will the BoE cut rates? UK inflation figures were published yesterday morning (9:30am) which came in at the lowest reading seen [...]
Sterling Rebounds as Investors Buy the Dip
GBP/EUR Rises to 1.17 The pound staged a modest comeback against both the euro and the dollar on Tuesday as investors [...]
Pound Weakens as Bank of England policy makers hint at possible rate cut
UK Economic Growth slows to weakest since 2012 Yet another BOE policymaker has suggested the idea of cutting the central bank’s [...]
Choppy Trade for Sterling
Volatile Start to the Week for UK Currency The pound remained fairly subdued towards the end of last week as Thursday [...]
Happy New Year!
UK Manufacturing dips lower in December UK factory output fell at its fastest rate since 2012 in December as a tepid [...]
Sterling Falls After Bank of England Announcement
Sterling Drops After MPC Rate Announcement The pound fell against both the euro and the dollar on Thursday after two of [...]
Pound drops on fresh No-deal fears
Sterling loses one percent over night Traders awoke to more volatility this morning with reports coming out that Boris and his [...]
Conservatives win with a majority
Sterling hits 31 month-high against the Euro The Conservatives have won their biggest majority at Westminster since Margaret Thatchers 1987 election [...]
Choppy Day for Sterling
YouGov Poll Predicts Tory Majority The pound nose-dived against the single currency as markets opened on Wednesday morning after the latest, [...]
Pound Stable in run up to election
GBP/EUR sitting in high 1.18’s The pound has been relatively stable over the past two days trading and still holding on [...]
Sterling hits 31-month high against the Euro
14-point lead for conservatives The Pound has hit a fresh 31- moth high against the Euro today after two polls showed [...]
Sterling Rises Against US Dollar
Tough Day for US Currency The pound traded within a narrow range against the euro on Wednesday but made decent gains [...]