The Bank of England Monetary Policy Committee met earlier. The votes for an interest rate hike remained at 9-0 against, however two members of the committee said the decision was finely balanced.
There was also mention that Sterling strength could be lowering CPI (Consumer Price Index) faster than expected. This all contributed to GBP/EUR breaking 1.40. Proving very attractive to Euro buyers. If you procrastinate, hanging on for that extra buck it could cost you with the strong possibility of a hung parliament, Sterling could be dropping back soon.
Thank you for reading today’s Blog, I would greatly appreciate any feedback you have and would take pleasure in replying personally. I am more than than happy to assist you with any of your currency requirements. Feel free to e-mail me at [email protected] or call on 01494 787 478 and ask for Daniel Johnson.