Plus, we guarantee your rate before any money is exchanged.
Register now and enjoy better exchange rates than the banks.
Our flat rate transfer fee is now a thing of the past.
UKForex customers can enjoy worldwide money transfers with a £0 transfer fee. No gimmicks, no catch.
Register now and join the many others taking advantage of this great offer!
We are pleased to announce that you can now use your debit card to send GBP (£) with UKForex.
Simply log in and book a transfer like you usually would – and a ‘pay by Debit card’ button will appear.
United States Dollar:
Last week, the Fed maintained rates at 0.5%, leaving the probability of a hike in November at 19.3% (around the time of the Presidential election) and around 55% by the end of the year. Chair Yellen stated that the decision does not indicate a negative view on the US economy. Investors were left with mixed messages yet again, which in turn did little to establish sentiment as to the true value of the Dollar. Although the rate remained unchanged the Fed appears to be the only Central Bank establishing a hawkish stance to rate hikes allowing the USD to solidify its position as a global safe haven. This week’s calendar starts quietly with the first major release coming in the form of Consumer Confidence, due to fall from 101.1 to 98.6 on Tuesday. In terms of data releases, attention turns to Thursday’s final GDP q/q and unemployment claims. Both figures are expected to rise. Housing data, durable goods orders and PMIs are all also due out this week but are likely to take a back seat. The market will focus on speeches from key Fed members, most notably Fed Chair Yellen, speaking on both Wednesday and Thursday. Investors will look to see if Fed members contradict each other ... read more
Send money overseas at better rates than the banks.