GBP - EUR GBP - USD GBP - AUD GBP - ZAR GBP - NZD Interest rate decision day for the U.K

Sterling has started early morning trading off staying reasonably stable against most major currencies, although it has lost minor ground against the Australian Dollar due to unemployment DROPPING over there - quite a sign that they a seem to have managed to avoid major problems during this global situation.

The Pound has also gained once again gained a large amount of ground against the South African Rand and is 1.24% up at the time of writing this report - this looks to be due to South Africa's biggest union threatening to strike at state power utility Eskom from next week onwards essentially shutting down power accross the country to press wage demands.

Interest rate decisions are due out today at 12:00pm and 12:45pm for both the U.K and the Eurozone respectively and although no major movements in rates are expected any announcements on Quantitative easing for the U.K or hints for future economic stimulation in the head of the European Central banks speech afterwards may cause volatility.

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