At the point of writing this mini report Sterling had gained 0.27% against the USD, 0.40% against the Euro, 0.83% against the Australian Dollar, 0.28% against the New Zealand Dollar and the highest mover of the day again - 1.46% against the South African Rand.
All eyes will now be on the interest rate decisions due out tommorow for the U.K and the Eurozone at 12:00pm and 12:45pm respecively. Although there aren't any major surprises expeceted with interest rates there is the possibility of a release regarding further Quantitative easing for the U.K.
This has happened over the past few months and on each occasion has had a negative impact on the value if the Pound, however after having brighter data released over the past week or so it is unclear as to what stance the Bank Of England will take on this.
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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