Mortgage approvals came out a lot lower than expected opening up a possibility that the housing market may not be recovering at the pace first thought.
Also, Bank's preferred money supply fell at it's fastest monthly pace sine records began in 1982.
The bank of England hold their interest rate decision on Thursday at 12:00 and many eyes will be on whether or not there will be any further quantitative easing - I find it doubtful.
The reserve Bank Of Australia held interest rates last night although they were expected to raise to 4% - this has led to the Pound gaining considerable ground against the Australian Dollar so far this morning.
This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk
I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!
Daniel Wright
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[09:07:23] Chris Knights:
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