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Sterling’s freefall continued for another week, hitting a new 2017 low against the Euro last Friday. Investors are overall bullish on the Euro outlook but remain disinclined to buy into Sterling, while the UK economy’s outlook remains gloomy. The British Pound is also hit by forecast downgrades, with the latest one coming from Morgan Stanley,...Jim Makos
As the Bank of England decided against an interest rate hike last Thursday, disappointed Sterling backers removed their support on the British currency, letting it slide to new multi-month lows against the Euro last week. Meanwhile, the Eurozone’s currency enjoyed another positive week against the US dollar, despite last Friday’s strong US jobs data. Will...Jim Makos
Sterling’s decline paused last week, allowing a glimmer of hope to investors for a much-needed rebound. Euro’s climb, though, continued uncontested for another week, printing new multi-year highs against the US dollar. Can we pick the rally’s top that will probably allow some breathing room to Sterling? Below, we investigate the economic news and the...Jim Makos
There is rapid growth in the use of AI block chain technology, creating a secure and complete record of transactions, including cross border ones. At the same time, the use of Chatbots and other AI as an interface with the public is also on the rise. Swift has been one of the agencies to include...TransferGo Blog
A number of consultants and analysts who work with small to medium-sized businesses (SMEs) recommend doing business on an international level as one of the keys to success. Entrepreneurs are often willing to explore setting up a new business in another country to take advantage of the attractive supply and demand opportunities and favourable economic...TransferGo Blog
Euro came out stronger after last week’s European Central Bank meeting, which subsequently sent GBPEUR exchange rate to new multi-month lows. Sterling still struggles to reverse its downward course, harmed by anaemic progress in Brexit negotiations. Yet, the driving force for the short-term collapse against Eurozone’s currency has been undoubtedly Euro’s powerful rally rather than...Jim Makos