Bank of England and European Central Bank interest rate decisions due today
At 12:00 and 12:45 respectively we see the release of interest rate decisions for the BOE and indeed ECB and although no changes to rates are expected today, all eyes will be of Quantitative Easing for the U.K and a potential interest rate cut going forward for the European Central Bank.
Should we see signs of a rate cut mentioned for the future in head of the ECB Jean Claude Trichet’s speech following the decision in Europe then we could see the Euro lose significant ground against all major currencies, should we see QE introduced by the Bank of England we could see the Pound lose significant ground against all majors… I t all points towards a very interesting day ahead for those with Sterling and Euro interest.
If you want to be kept up to sdate with the latest market movements and want to achieve a great level of exchange when you come to make your transfer then feel free to email me directly.. djw@currencies.co.uk and I will inform you jsut how I can help.
