Cambridge Currencies

07/06/2026

The pound fell to around 1.334 against the dollar on Friday after a much stronger-than-expected US jobs report pushed the dollar to a near two-month high.

The week ahead is front-loaded with risk, and two events stand out:

Wednesday 10 June — US inflation (CPI), a key input to the Federal Reserve's decision the following week

Thursday 11 June — the European Central Bank rate decision, which could move GBP/EUR

The Fed (17 June) and the Bank of England (18 June) both decide the week after, so markets will spend this week positioning ahead of them.

If you have a GBP, EUR or USD transfer to make in June, the timing question matters more than usual. Our latest Week Ahead breaks down what could move rates — and what it means for transfers.

GBP/USD fell to 1.334 on a strong US jobs report. This week brings US inflation (10 Jun) and the ECB decision (11 Jun). Forecast and transfer guidance.

31/05/2026

The pound has no top-tier data of its own this week. The moves that matter will be made in Frankfurt and Washington — but with the Bank of England speaking three times, London can still surprise on tone.

Three threads for the week of 1 June 👇

→ Eurozone inflation (Tue) — a firm print likely locks in an ECB rate hike on 11 June. Euro-positive, sterling-negative for GBP/EUR.
→ US jobs report (Fri) — the week's biggest event. Recent US labour data has softened, so a weak number could lift GBP/USD; a strong one hands it back to the dollar.
→ No top-tier UK data — but Governor Bailey speaks Tuesday, Thursday and Friday, so watch the BoE's tone.

The BoE–ECB rate gap is still 175bp, the widest in the G10 — but it's no longer widening. That change in direction matters more than the size of the gap.

For euro buyers funding a property purchase, the days around Tuesday's CPI tend to move the rate more than any year-end forecast. For larger dollar transfers, Friday is the date to watch.

GBP/USD and GBP/EUR forecast for the week of 1 June 2026. Eurozone CPI and US payrolls drive the pound — see our week-ahead outlook and transfer guidance.

24/05/2026

UK inflation just dropped to 2.8%.

That is well below the Bank of England's own April projection of 3.1% for Q2.

Services inflation fell to 3.2% — the lowest reading since January 2022.

And Andrew Bailey speaks on Friday morning into a picture that has shifted under the MPC's feet.

If Bailey treats April's softer print as a temporary energy-driven effect, sterling holds its recent strength.

If he opens the door to an earlier cut, the pound has further to fall this summer than the market currently expects.

→ GBP/USD at 1.3434, near the upper end of its three-month range
→ GBP/EUR at 1.158, within touching distance of its 2026 high
→ US Core PCE Thursday — the Fed's preferred inflation gauge
→ Eurozone flash CPI Friday — the binary event for the euro
→ RBNZ rate decision Wednesday — only G10 central bank decision this week

Monday is a UK Bank Holiday and US Memorial Day. The week opens quiet on Tuesday and accelerates fast.

If you have a sterling transfer planned, this is a week where the data calendar matters more than the headline noise.

Pound sterling forecast for the week of 26 May 2026. Bailey speech, US Core PCE and eurozone CPI in focus. GBP/USD and GBP/EUR ranges and key events.

17/05/2026

This is the week UK politics overtook UK data as the dominant driver of sterling.

GBP/USD shed close to 2% last week as the Makerfield by-election made a Labour leadership challenge feel live for the first time. Gilt yields have widened against Bunds in lockstep.

The data calendar isn't quiet either:

• Tuesday — UK jobs data
• Wednesday — UK April CPI (07:00 BST) and FOMC Minutes (19:00 BST)
• Thursday — flash PMIs across the UK, Eurozone and US
• Friday — UK retail sales

April's Fed meeting produced an 8-4 vote — the most divided since 1992 — with three dissenters pushing to remove the easing bias before incoming Chair Kevin Warsh takes over in June.

For anyone with a sterling-funded transfer this week — Eurozone property, USD invoices, repatriating foreign income — the structuring question matters more than the timing question. A 50/50 spot-and-forward split takes the binary risk out of weeks like this.

Sterling under political pressure as UK CPI and FOMC Minutes dominate. GBP/USD, GBP/EUR and key central bank events for the week of 18 May 2026.

14/05/2026

UK Political Risk and Your International Transfer: A Hedge Playbook

How to hedge GBP transfers during UK political uncertainty. Forward contracts, limit orders and split transfers explained, with current rates and a worked example....

How to hedge GBP transfers during UK political uncertainty. Forward contracts, limit orders & split transfers explained — with current rates & worked example.

07/05/2026

We're delighted to share that Cambridge Currencies has been named Leading International Currency Transfers Company 2026 in Acquisition International's Global Excellence Awards.

The recognition reflects what our clients tell us matters most: a real specialist on the phone, tighter rates than the high street banks, and someone who actually understands their situation — whether that's buying a home in Spain, moving to Portugal, or running international payments for a UK business.

Thank you to everyone who has trusted us with their transfers since we launched in 2023. This one's for the team.

https://cambridgecurrencies.com/leading-international-currency-transfers-company-2026/

03/05/2026

Three central banks held rates last week. Not one of them looked happy doing it.

The Fed split 8-4 — its widest dissent in over 30 years. The BoE's Chief Economist voted to hike, not cut. Lagarde said the ECB "debated at length" a rate rise.

The common thread? Oil. Brent touched $114 before settling near $108 as the Strait of Hormuz remains effectively shut.

For sterling, this has translated into the strongest GBP/EUR levels of 2026 (~1.16) and a 2.6% gain against the dollar in April.

The week ahead's binary risk is Friday's US Non-Farm Payrolls. A hot wages print resets the dollar narrative; a soft one doesn't.

Full pair-by-pair breakdown and week-ahead calendar in this week's forecast.

Weekly currency forecast for 4–8 May 2026: GBP, EUR and USD outlooks after hawkish BoE, divided Fed and ECB hike bets, plus US Non-Farm Payrolls preview.

03/05/2026

What Is an International Money Transfer? Definition, Types, and How They Work

An international money transfer is the cross-border movement of funds from a sender in one country to a recipient in another, typically routed via banks or specialists using SWIFT or SEPA, with a currency conversion at an agreed rate. Here is how each type works, what they cost, and when you would use one....

An international money transfer is the cross-border movement of funds from a sender in one country to a recipient in another, typically routed via banks or specialists using SWIFT or SEPA, with a currency conversion at an agreed rate. Here is how each type works, what they cost, and when you would u...

26/04/2026

Three central banks. Twenty-five hours. One unusually expensive week to get your timing wrong.

The Fed decides Wednesday 29 April at 19:00 BST.
The Bank of England decides Thursday 30 April at 12:00.
The ECB decides Thursday 30 April at 13:15.

A 1–2 cent move on GBP/USD across those two days is realistic. On a £500,000 transfer that's £7,500 — entirely outside the client's control once the statements drop.

Where the consensus sits going in:
- Fed: ~98% probability of hold at 3.50–3.75% (CME FedWatch)
- BoE: All 62 economists in the Reuters poll expect hold at 3.75% — but markets are pricing two hikes by year-end
- ECB: ~74% probability of hold at 2.00%, with June live

The actual question for each isn't the rate — it's the tone. A hawkish BoE hold pushes GBP/EUR toward 1.16–1.17. A dovish one tests support around 1.14. Same for the Fed: language that explicitly removes 2026 cuts moves DXY a full point.

UK CPI hit 3.3% in March, with services inflation up to 4.5%. Brent closed Friday at $105 with the Strait of Hormuz still effectively closed. The energy pass-through is the macro story driving all three central banks this week.

For anyone with a GBP, EUR or USD payment scheduled this week — for property, invoices, or sale proceeds — the call is straightforward: complete before Wednesday, or fix today's rate with a forward contract. Leaving it to Thursday morning means buying the volatility.

Full week-ahead breakdown with scenario tables and the GBP/USD, GBP/EUR and EUR/USD ranges in the link below.

GBP/USD at 1.349, GBP/EUR at 1.153 ahead of Fed (29 Apr), BoE & ECB (30 Apr) decisions. Cambridge Currencies weekly forecast