Daily Archives: March 23, 2011
The bank of England have just released the minutes from their last meeting and indeed there has been no change in the voting regarding an interest rate hike.
Some investors may have speculated that potentially one more member of the BOE may have voted in favour therefore the fact that they didn’t has led to weakness straight after the release.
This does now essentially push the probability of a rate hike in the U.K further back and for those of you that are not aware a hike in interest rates generally leads to strength for the currency concerned as it then becomes more attractive to investors.
If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just fill in the form on the right hand side and one of the experienced traders that write on this blog will be in touch shortly.