Welcome to the Ebury® Blog

Sterling ticked modestly upwards yesterday, back above the 1.31 mark against the US Dollar after three consecutive weeks of losses.

Ebury today announced their first office opening outside of Europe in Toronto Canada, to be led by Matthew Acton-Davis as Country Manager.

With the notable exception of Sterling, which fell sharply, the major G10 currencies traded in fairly narrow ranges last week.

The Pound fell by over 1.5% against its major peers yesterday, despite the Bank of England raising rates for the first time in over 10 years.

The Bank of England’s MPC is expected to raise interest rates today, more than a decade after the last time rates were hiked in the UK.

Ebury, one of the fastest growing fintechs for corporate global transaction services, today announced the opening of a second office in the UK.

The Pound rose to a more than two week high, while the Dollar remained fairly range bound ahead of tonight’s FOMC meeting.

Sterling rallied on expectations for higher rates in the UK, while the Dollar sold-off after conspiracy charges against a former Trump ally.

Last week we saw very cautious FX trading into Thursday's ECB meeting. The policy meeting largely followed the script; asset purchases were tapered to 30 billion a month and the program was expended for 9 months.

The Euro slumped by over one percent against the US Dollar to its lowest level since mid-July on Thursday after the ECB extended its QE programme.