News

Best rate for buying Euros this month

28 July, 2011

CurrencyIndex

This morning’s UK inflation figures came out higher than expected – giving the Pound a boost particularly against the Euro, which is now trading at its cheapest level for 3 weeks.

With more data due out this week, this could be a chance to get a relatively good rate for sending payments in Euros. Contact Currency Index for the latest live rates.

Inflation & unemployment this week

28 July, 2011

CurrencyIndex

Last week’s pre-budget report and this morning’s Rightmove house price index have done nothing to help the struggling Pound – there is a lot of data out this week before the Christmas period, which you can see on our weekly article by clicking here.

Contact Currency Index if you would like to discuss any aspect of your own foreign exchange requirements.

House prices up… but manufacturing down

28 July, 2011

CurrencyIndex

Mixed news in the UK today, as the Halifax house price survey showed a 1.4% increase in house prices in November – but official industrial production figures showed a drop of 8.4% in the year to October.

The Pound fell slightly this morning on release of the figures.

Meanwhile, if you need to send money to Canada, Canadian housing data showed a better-than-expected pick up, although interest rates were kept on hold as expected. The Canadian Dollar is currently trading around $1.72 against sterling [mid-market levels].

This week’s currency news 268

28 July, 2011

CurrencyIndex

Please click here to see our weekly article for this week’s currency news.

With interest rate decisions around the world, the pre-budget report in the UK, and plenty of other data out, this week could see some volatility. Contact Currency Index for the latest news and opinions.

GDP and Economic Recovery

28 July, 2011

CurrencyIndex

Please click here to see our article on the UK’s slow recovery compared to elsewhere in the world – and what it means for exchange rates.

This week’s foreign exchange news

28 July, 2011

CurrencyIndex

Please see our weekly currency article for this week’s important data releases.

For Euro-buyers, Thursday is the main day of interest, with the ECB’s monthly interest rate decision and accompanying speech, along with European GDP and retail sales.

US Data this afternoon

28 July, 2011

CurrencyIndex

Anyone who needs to send money to the USA should be aware of a raft of data releases due out this afternoon.

Yesterday’s GDP figure was negative, giving slightly better rates for transferring US Dollars. Today we have the following, all realeased at 1330 UK time:

• Durable Goods Orders
• Jobless Claims
• Personal Consumption
• Personal Income

Contact Currency Index this afternoon if you would like to discuss the implications for dollar rates on 0800 043 2623.

GDP revised up – but recession still with us

28 July, 2011

CurrencyIndex

This morning’s GDP figures showed a slight upward revision for the third quarter this year – but still indicate a 0.3% shrink in the economy for the period.

The UK economy has contracted for 6 consecutive quarters, the longest unbroken run since records began in 1955.

The revision was not worse than expected – so we have seen a mixed reaction on foreign exchange markets, with the Pound falling initially but recovering slightly after the announcement.

There is no further major UK data released this week.

Currency news due out this week

28 July, 2011

CurrencyIndex

Please click here to see our weekly article on this week’s important data releases.

Sterling outlook for 2010

28 July, 2011

CurrencyIndex

Please click to see our article for an overview on the current position of the Pound in international markets.