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PremierFXAt last, there is news for clients of Premier FX, the Almancil-based foreign exchange company that abruptly closed its doors in late July, freezing its customers’ funds and failing to communicate - beyond a brief message on its website, apologising “for any inconvenience that this may cause.”

On 13 August, 2018, on the application of the FCA, the High Court made an Administration Order in respect of Premier FX Ltd.

Currencies DirectThe pound fell to a new 13-month against the US dollar at the end of last week as a collapse in the Turkish lira saw investors flock to USD.
Trade in Sterling appears muted at the start of this week’s session, with GBP/EUR flat at €1.1196, GBP/USD subdued at $1.2747 and GBP/CAD stable at C$1.6760. Meanwhile GBP/AUD and GBP/NZD are holding steady at AU$1.7506 and NZ$1.9363 respectively.
A fairly quiet start to the week in terms of data may leave trade fairly thin today, barring any major Brexit or US trade headlines of course…

Pound US Dollar exchange rate swings lower following upbeat Fed MeetingThe pound rallied against the majority of its peers on Thursday, with the currency finding some support on suggestions it had been oversold earlier in the week.
Sterling’s performance appears a little more mixed this morning however, with GBP/EUR rising to €1.1156, GBP/AUD climbing to AU$1.7480 and GBP/CAD holding steady at C$1.6730, while GBP/NZD edges down to NZ$1.9385 and GBP/USD plummets to $1.2860.
Whether the pound can continue its recovery will depend on today’s UK GDP figures, with an underwhelming result potentially propelling the currency to new lows…

Currencies DirectWhile trade in the pound remained thin on Wednesday in the run up to today’s Bank of England (BoE) rate decision, it still saw some notable movement against the US dollar in the wake of the Federal Reserve’s policy meeting.
Meanwhile Sterling remains largely static this morning, with GBP/EUR flat at €1.1246, GBP/CAD subdued at C$1.7035, while GBP/AUD and GBP/NZD hold steady at to AU$1.7728 and NZ$1.9325 respectively, Only GBP/USD appears to be bucking this trend so far as it tumbles 0.4% to $1.3082.
Looking ahead, the pound could see some significant volatility today as the BoE is expected to deliver a long-awaited rate hike.

Currencies DirectThe pound remained fairly stable against its peers on Friday, only really gaining against the US dollar as markets reacted to the latest US GDP figures.
Sterling starts today on a strong footing, with GBP/EUR rising to €1.1251 and GBP/CAD ticking up to C$1.7137, while GBP/USD is trading at $1.3116 and GBP/AUD and GBP/NZD are both holding steady at AU$1.7727 and NZ$1.9275 respectively.
Looking ahead the euro may start the week in a position of strength as economists forecast Germany will print some robust inflation figures later today.

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