Another interesting week ahead with releases regarding the Greek bailout package probably being the main talking point to start the week off, thuis could push the market either way dependant on what comes of it and it is so important to be on the ball this week as the release could come at any time and could have a huge effect on exchjange rates.
Also this week we see the release of some key inflation data tommorow for the U.K - The last set of inflationary datacame out higher than expected and led to Sterling strength against a basket of major currencies so it is certainly one to keep an eye on. High inflation is generally battled by raising interest rates and a hike in interest rates is generally seen as positive for the currency concerned.
On wednesday of this week it is time for the Bank of England minutes from the last interest rate decision and will show exactly how much support there was behind ending the Quantitative Easing programme so once again may lead to volatility.
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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