Wednesday, 7 May 2008

Interest rate decision looms

This morning has seen Sterling lose ground against most major currencies once again as investors start to consider the possibility of a .25% rate cut tommorow at midday.

Speculation had been that we would see the BOE hold rates in May with a view to seeing how their recent cuts had affected the current economic situation, but after weak PMI data coming out yesterday a few opinions have changed.

Keep in close contact in the next 24 hours or so, as a interest rate decision day can be one of the biggest movers on the currency markets, and you could see small spikes in your favour that will be well worth taking advantage of in this rocky market.

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

www.currencies.co.uk

Have a great day and thanks for reading!

Daniel Wright

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