Bank of England today 309

28 July, 2011


Take note of the Bank of England’s monthly policy meeting at 12.00 today, whatever your currency requirements there is likely to be some impact.

Interest rates, which used to be the monthly headline from the Bank, are at 0.5% and are not likely to change any time soon. However, the big question in recent months has been whether there will be additional funds pumped in to the economy via ‘quantitative easing’.

If the current £175bn programme is increased, we would expect to see the Pound fall significantly. If the amount is left as it is, there may be a small increase for sterling.

The decision is particularly hard to predict because last month the voting committee was split as to the right course of action, with Governer King voting for more action than most of his colleagues.

Whatever your currency needs, contact an experienced currency company today if you are concerned about your own forthcoming transactions.