Showing articles for March 2011

Currency news reports are released all the time. You may struggle to find the time to keep up with the latest news affecting exchange rates, so leave that to Currency Index.

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No good news for Pound

30 March 2011
This week's lack of data releases has done nothing to help sterling, as speculation that the Eurozone interest rate could go up next week continues. In the absence of UK interest rate rises, the Eurozone base rate could leap further away, causing Euro strength and worse exchange rates for sending money to Europe from the UK.

If you have a requirement to send or receive foreign currency in the coming weeks, contact Currency Index who will be happy to keep you informed of the latest news and rates.

Trade balance narrows sharply in January

09 March 2011
Figures out this morning showed the UK trade gap is at its narrowest level for nearly a year, down to £7bn in January from £9.7bn in December.

Although good news for the UK economy, the figures are relatively volatile, so it is too early to say whether we are seeing a longer-term rebalancing of trade.

Tomorrow is a crucial day for sterling, with GDP estimate, industrial & manufacturing production, and the Bank of England's interest rate decision all released throughout the day.