More good news for GBP

28 July, 2011


Further boosts for the Pound this morning – unemployment is down slightly (15,000 less claims in Decemeber compared to November), and the Bank of England revealed that its decision to keep quantitative easing on hold this month was unanimous.

Both announcements gave the Pound further momentum against the Euro as well as other European currencies, and rates have also improved for buying the Australian, Canadian and New Zealand Dollars.

Tomorrow morning’s UK public borrowing numbers are the next focus. If you are worried that the run of good news might come to an end tomorrow, contact Currency Index today to discuss securing your rate for your overseas currency transfer.