Sterling Hits Buffers Again

Process to send international payment

Data just out indicated that manufacturing activity in the UK deteriorated for April, raising doubts over the pace of the economic recovery in the second quarter. This comes on the back of surprisingly downbeat UK GDP data released last week and has provided additional impetus to calls of further easing in Britain.

In absence of key catalysts in Europe, market focus in today’s trading session is likely to be on the US, wherein manufacturing activity is expected to indicate a slower pace of expansion for April. The manufacturing sector in the US seems to be losing steam as highlighted by yesterday’s sharp decline in regional business activity indices.

Company Details

Sterling Hits Buffers Again

Get a quick quote

Open Account with Currencies Direct

Currencies Direct are located at:
51 Moorgate,, Greater London,, , EC2 R6BH, United Kingdom

Get a Quick Quote

Newsletter Signup to CMT

Sign up to our foreign exchange newsletter to receive news updates directly by email

Compare Money Transfer will not Share your details!

Bank Exchange Rates Comparison

High St Bank Exchange Rate

All Rights Reserved: Copyright 2006 - 2018 Compare Money Transfer Limited offering FCA Regulated Suppliers - 34 New House, 67-68 Hatton Garden, London, EC1N 8JY. +44 (0) 843 357 4882