Pound rates continue to be off the boil - Market Insight 7th August 2023

August 7, 2023
Pound rates continue to be off the boil - Market Insight 7th August 2023

Following the expected rate hike in the UK towards the back end of last week the Pound has been under fire. GBP/EUR and GBP/USD both dropped in Friday trading.

Overall it's a quiet day for scheduled news so it looks like it will need a global news story to move things before early tomorrow when there's Chinese import and export data out.

Business news centres on renewed industrial action on rail networks and the cooling off of the house market.

Get your free quote now

Economic calendar

CHN: Tuesday 04:00 Import and Export Data

As ever we look forward to keeping you in the loop and look out for our next update.
‍
Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.
‍
Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.

All rights reserved. *Third party fees may apply.

Payment services are provided by Equals Connect Limited, registered in England & Wales No. 07131446. Registered Office: 3rd Floor, Vintners' Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited is authorised and regulated by the Financial Conduct Authority to provide payment services (FCA No. 671508).

For clients based in the European Economic Area, payment services for RegencyFX Ltd are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 - 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701).

For clients based in the United States, payment services for RegencyFX Ltd are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York, NY 10011.

For clients based in the United Kingdom and rest of the world, payment services for RegencyFX Ltd are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).

Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB). License No: XCML00000151326.

Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution. Firm Reference Number: 927951. , and All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.

Market insights