The past few interest rate decisions have not bought any rate changes as such, but have dragged up the issue of quantitative easing which has had a negative impact on the value of the Pound.
Quantitative easing is effectively where the government pump more money into the economy and as you can imagine if there is more of a particular currency available then its value decreases.
It also becomes slightly worrying for investors as whilst other major economies like germany and France are announcing their recession coming to an official end, we in the U.K are still throwing vast amounts of money at the situation.
This week also brings out a string of other important data releases for the U.K inclusive of House prices, industrial production, consumer confidence and the other larger release of note - GDP estimate at 00:01am on 10/09/09.
The GDP estimate is an estimation as to how much the economy has grown or contracted in the U.K and as the marklet moves on rumour as well as fact can lead to high volatility.
Obviously the markets move 24 hours a day and although we can't be here to watch rates for you during releases such as this there are options available including limit and stop orders - pick up the phone or email should you wish to discuss how these work.
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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