Showing articles for July 2010

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Bank of England voice concerns over recovery

28 July 2010
Mervyn King, the Governor of the Bank of England, has suggested this morning that UK interest rates will stay low for the foreseeable future, given concerns about the strength of the UK recovery.

Low interest rates usually translate to a weak currency, so it is perhaps unlikely that we will see any significant gains for the Pound in the coming months.

Current exchange rates for sending money overseas are still around the best levels we have seen in 2010.

This week in currency news

05 July 2010
Most of this week's data releases come from the Eurozone, so those of you who are looking at sending payments in Euros should keep a close eye on exchange rates. The only major UK data is Friday's trade balance and PPI figures, while in the States we have a bank holiday today and very little of interest later in the week.

Monday 5th
0815 Swiss retail sales
0930 Eurozone investor confidence
1000 Eurozone retail sales

Tuesday 6th
0815 Swiss CPI inflation

Wednesday 7th
1000 Eurozone GDP

Thursday 8th
0230 Australian unemployment rate
0645 Swiss unemployment rate
0700 German trade balance

Friday 9th
0700 German CPI inflation
0930 UK goods trade balance & PPI inflation
1200 Canadian unemployment