Inflation falls at record rate – Pound vulnerable to further losses
28 July, 2011
Inflation figures out today showed UK prices in October grew 4.5%, down from September’s record levels of 5.2%.
Falling inflation will make the Bank of England more likely to cut interest rates, which could lead to an even weaker Pound and therefore worse exchange rates for those of you needing to send money abroad.
Initial reaction on the FX markets has been guarded, so consider securing your exchange rate before the next Bank of England interest rate decision in just over 2 weeks.
Don’t forget that commercial foreign exchange brokers can normally achieve better rates than you would get from your bank.
- 2020 (59)
- 2019 (190)
- 2018 (229)
- 2017 (253)
- 2016 (254)
- 2015 (253)
- 2014 (252)
- 2013 (287)
- 2012 (270)
- 2011 (576)
- Brexit deal to be done, or going, going, gone? 25 November, 2020
- Sterling starts the week down from the highs of last week 16 November, 2020
- Votes are in – albeit still being counted, will Donald trump Joe? 4 November, 2020
- No categories