Thursday, 3 September 2009

GBP EUR Volatile day expected with European retail sales and the ECB interest rate decision pending GBP AUD drops as Australia announce growth

A volatile day on the markets is expected today with retail sales data due out for the Eurozone this morning alongside the European Central Bank interest rate decision to be released at 12:45pm.

Although no interest rate changes are predicted all eyes will be on the head Trichet's comments and to see if there are any hints as to future rate hikes or economic tactics.

Australia also announced a 0.6% growth in their economy for the last quarter which again shows that they seem to have handled the global recession impeccably so far and led to Australian Dollar strength.

Should you have any upcoming currency requirements it may be prudent to get in contact with me to discuss the many options avaialble to you inclusive of forward contracts, stop and limit orders.

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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