The end of QE end next week?

28 July, 2011


The Pound has shrugged off a few negative data releases this week, on speculation that the Bank of England might bring an end to Quantitative Easing at their monthly policy meeting next week. If they do, it would be seen as a positive sign for the UK economy, and for sterling.

Exchange rates have held up well, particularly against the Euro, given how bad this week’s GDP figures were. If you are sending money abroad, it often pays to take advantage of speculation in case the outcome is not as expected. Don’t forget it is possible to fix an exchange rate up to 2 years ahead.