Sterling exchange rates continued their poor start to the week posting losses against the Euro and the US dollar. We have now seen the pound fall nearly 2 cents against the Euro this week.
Sterling has come under pressure following inflation figures this morning which remained flat at 3% against an expected release of 3.1%.
If levels had risen it may have given more scope for the Bank of England to consider raising interest rates (as it did earlier this month) but with levels falling it means we are likely to see the the central bank remain relatively controlled with their movements from here on in.
Should you need to arrange a money transfer the volatility we are currently experiencing really highlights how important it is to research the market. By looking at market trends and what data is due for release, you can put your self in a much stronger position to try and maximise your money transfer.
The purpose of this site is supply clients with market data but also to help clients with their transfers, As one of the market leaders in international money transfers we have tools at our disposal to try and reduce clients market exposure along with maximising their transfer. Should you wish to get further insight to our service or get a quote for an upcoming money transfer then please submit an enquiry here.Labels: Bank of England., EUR, Inflation, Pound, Sterling, US Dollar, USD
