This has lead to Sterling gaining ground against most major currencies as when inflation is high it makes it harder to cut rates in the future, as this will only lead to inflation geting worse and as many regular readers will know an interest rate cut generally has a negative effect on the currency concerned and the markets move on rumour as well as fact.
If you are unsure about any upoming data and how in may effect the cost of your currency purchase please feel to contact me and I will happily assist, we also see the release of the Bank of England minutes tommorow morning which may well also have a large impact on the value of Sterling.
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
Have a great day and thanks for reading!
Daniel Wright
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