Pound in a quandry
17 January, 2014
The Pound is hovering around doing not very much at the moment, particularly against the Euro. Yesterday’s Eurozone and US inflation figures were as expected.
This morning at 9.30 we have UK retail sales for the Christmas period, and there is not a lot else due out to move rates. The Pound-Euro rate hasn’t moved much more than a cent over the last 30 days, while the US Dollar has been strengthening, making sending money in USD slightly more expensive as the month wears on, although still at very good levels compared to most of 2013.
Next week also starts off quietly for UK data, until Wednesday when we see the Bank of England minutes and UK unemployment along with public sector borrowing. So today and early next week could be a good window to consider booking your currency, given the potential volatility ahead.
The ONS recently warned that the UK’s economy is not perhaps recovering as well as had been thought, warning against early interest rate rises, and that could hamper the Pound over the coming weeks if it is borne out in economic figures.
- 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