What goes up

28 July, 2011


…must come down. The Bank of England today unexpectedly announced a further £50bn injection of cash into the economy – a shock move which has dented the Pound significantly.

Exchange rates dropped over 1c against both the Euro and US Dollar immediately after the announcement at 12.30pm.

Next we look to tomorrow’s PPI inflation figures in the morning, and at 2.30 the key monthly US emplyment data is announced.