This week’s currency news 416

28 July, 2011


Please see our weekly article for a list of this week’s currency data releases:

The Pound improved last week for 3 reasons:

1. Surprise increase in UK house prices
2. Negative US data (poor non-farms employment data on Friday)
2. Negative Euro data (interest rates only cut by 0.25% last week)

This week it will be interesting to see if the Pound comes back down, or consolidates at a higher level. To make sure you achieve the best Euro rates or the best rate for sending dollars, contact your currency company today.