Interest rates today

28 July, 2011


Today sees the Bank of England and European Central Bank both announcing their monthly interest rate decisions.

If the BoE cuts rates at mid-day, you might expect to see the Pound weaken and for those of you who need to send money abroad that would not be good news.

However, Euro exchange rates will also be affected by the ECB’s announcement 45 minutes later, which could swing things either way.

Whatever happens, make sure you are in touch with an experienced dealer at a currency company who can help you with your individual requirements.