Budget & Lots of UK Data This Week

28 July, 2011


This week’s Budget on Wednesday will be grabbling most financial headlines, but there is also a lot of other UK data out which could affect the Pound and therefore exchange rates for sending money overseas.

Tomorrow’s CPI and RPI (inflation figures) are important, and on Wednesday this month’s Bank of England minutes are released along with jobless numbers and public borrowing.

On Friday, we also have retail sales and GDP.

All these are important releases which are likely to move exchange rates against sterling this week, as well as Wednesday’s budget speech at lunch time.

The Pound has been on a good run in the last 2 weeks, however this morning you are losing ground if you need to send money in Euros or transfer dollars to the USA. Has the market peaked? Nobody knows of course, but speak to your currency broker today for an experienced opinions.