Currency Information: The Pound loses value following Kings speech

Tuesday, 15 September 2009

The Pound loses value following Kings speech

Once again just as Sterling looks like it is moving in the right direction, Mervyn King has come out to talk down the U.K economy leading to Sterling weakness accross the board losing 1% against the Dollar, 0.86% against the Euro and the biggest loser of the day being 1.81% against the South African Rand!!!

King said that the economy is probably on the road to recovery however the recovery would be slow and risks to inflation are still to the downside.

Former member of the MPC David Blanchflower also blasted the way in which King handled potentially the worst recession since world war two, this unrest added to Sterlings woes.

This is a brief summary of todays report, should you wish to make a currency enquiry Email Me
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Have a great day and thanks for reading!

Daniel Wright`

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Having assisted many clients over the years that have requirements to send funds abroad I completely understand that each individual case needs to be dealt with in a different way.

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3) Once a rate is booked we generally ask for settlement within 2 working days, and once funds are received and everything in place we send your funds out as a 'swift' international transfer - they should arrive in your designated account within 1-3 working days.

Please feel free to email me at djw@currencies.co.uk or contact me personally - Daniel Wright on freephone 0800 328 5884 and I will be more than happy to assist.

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Currency Information

Tuesday, 15 September 2009

The Pound loses value following Kings speech

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