Thursday, 10 September 2009

Sterling forecast - important day on the markets gbp eur gbp usd gbp chf gbp zar gbp aud gbp nzd gbp jpy gbp sek gbp dkk

The Pound is set for a rocky day on the markets today with one of the biggest data releases of the month due out at 12:00pm. Although I do not expect to see any change in interest rates the main focus will be on whether or not the Bank Of England decide to progess with further quantitative easing measures as they have done in the past few months.

Should this be the case Sterling may lose value as it has done following the announcements in the apst few months so it may be prudent to keep an extremely close eye on the markets at midday whether you have currency to buy or sell as some great opportunities may arise.

On a positive note this morning Halifax have released data regarding house prices and their latest report shows an increase of 0.8%. The housing market is a key indicator as to how the U.K economy is going so finally brings clients with Pounds to sell and other currencies to buy a little bit of light at the end of this long dark tunnel.

This is a brief summary of todays report, should you wish to make a currency enquiry Email Me
I will ensure I get back to you as soon as possible to discuss the options available to you. 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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