Welcome to the Ebury® Blog
Expert market insight and updates to help you navigate the ever changing global currency markets.
Ebury acquires Prime Financial Markets and establishes presence in Africa
Ebury acquires South Africa-based firm specialising in advisory & intermediary services in treasury and financial markets space
A jump in new US virus cases kept the safe-haven currencies well bid on Thursday. Meanwhile, sterling fell back below the 1.26 level amid ongoing Brexit uncertainty.
Continued improvements in global economic data offset concerns surrounding the increase in US virus cases last week. Read on to find out how this is impacting the major currency pairs.
The latest US labour report came in much stronger-than-expected but the result was a limited reaction in currency markets. Read the full article to find out why and what the real test for the dollar will be.
Reports that an early human trial for a COVID-19 vaccine had yielded positive results was enough to buoy the market yesterday. Business activity data out of the US yesterday was highly encouraging and Sterling is on the up.
Surprisingly Dollar moved lower yesterday as US virus cases rose to a record high although losses were capped by ongoing concerns surrounding the pace of global COVID-19 infections. The latest nonfarm payrolls report is due this week and sterling leaps higher.
FX markets were buffeted as trading opened for the week yesterday with ongoing uncertainty surrounding COVID offsetting recent improvements in economic data. Brexit concerns continue to weigh on the pound as the euro heads back towards 1.12 level.
Last week was a very mixed one for global financial markets with an uptick in US contagion numbers causing a worldwide stock market wobble. Currency markets also had an uneven performance with G10 currencies trading in tight ranges while Latin American ones generally fell and Asian ones generally rose. Read the full analysis here plus, what to look out for and expect from GBP, EUR and USD.
Many nations around the world are implementing mobile payment networks but Kenya has been at the forefront of this initiative for over a decade. Mobile payments has been a growing effort in the country and has essentially created a banking segment for the unbanked. However, cross border payments still have limitations which our payment specialist John Moran explores.