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Yesterday afternoon we had the US Department of Labor release their CPI figures for October, and against a predicted figure of 0.2%, the actual figure came out at 0.3% increase. CPI is a key indicator of inflation and therefore was seen as positive for the US economy, leading to GBPUSD exchange rates falling during the afternoon’s trading.

Similarly the trend has followed on this morning, with the cost of sending money to America increasing by 0.5%. If you have a currency requirement at the moment, feel free to submit an enquiry and one of our experienced award winning currency brokers will be in touch to explain the savings you could make.