Bank of England voice concerns over recovery

28 July, 2011


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.