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We are pleased to announce that you can now use your debit card to send GBP (£) with UKForex.
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United States Dollar:
The GBP seems to be in a strange limbo. The Uncertainty is causing downward pressure but the low rates and recent sell off appears to be driving buying activity. Despite the pessimistic rhetoric that is echoed through the media, the city appears confident. The FTSE 100 is posting gains and the initial shock appears to have been pushed aside as an overreaction and the fallout seems contained. Still these are early days, no agreement has been reached and these weighty issues are very much up in the air. What goes up must come down but it appears that until article 50 is invoked an odd stability has emerged. The stocks that have benefitted most have been Housebuilding and financial with travel stocks suffering from the weaker GBP, causing less to wish to convert to another currency and travel abroad. Travel stocks sentiment was further hurt by the attack on an airport in Istanbul. Today we have the current account, GDP and a speech from Carney to finish the ... read more
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