Wednesday, 28 January 2009

Pound Sterling makes slight recovery - Good news for once!!

Yesterday saw Sterling spike slightly against a basket of major currencies following a rise in banking shares and alongside that further confidence in the banking sector which is greatly needed.

Also yesterday saw news that the government have organised a package of support for the U.K car industry which could be worth up to £2.3 billion.

Today is a generally quiet day data wise for the U.K although we do see the U.S Federal reserve interest rate decision this evening and also the decision for New Zealand. The decision over in the U.S isn't expected top have much of an effect on the markets although for the NZD we could see high volatility as a 1% cut is expected.

If you are unsure of any data due out that may affect any requiremnts you have then please feel free to contact me and I will be happy to talk you through any queries you may have.

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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