The pound is looking like it could be in for a very busy day as we have the all-important Super Thursday decision at 12 with the latest UK Interest rate decision, Meeting Minutes and the Quarterly Inflation Report. If you have a transfer to consider then making some plans in advance or around this transaction is vital as this could be the most important event for the pound this month. The tone on today’s meeting should definitely set the flavour for the pound for the rest of the month and maybe even beyond. If you have an urgent transfer and wish to get a live rate please call me on 01494 787 478 or please email firstname.lastname@example.org to get a comprehensive overview of the latest trends.
If you are looking at buying the pound you are at some of the best rates we have had this year and even in recent years to conduct such a transaction. This is because all of the uncertainty surrounding the Brexit plus the removal of the recent expectation that we might see the pound higher after a UK interest rate rise. Recently lower Inflation data has in the market’s eye made it less likely that we will see an interest rate hike this year. Overall therefore I would be expecting the Bank of England to echo these sentiments and sterling to fall but there is an outside possibility of the pound actually rising from a surprise.
If you have a transfer to make in the future then understanding the way the market reacts to these developments will be critical to the value of your currency exchange when it happens. Today’s news will be very important for clients buying or selling the pound so to get the latest news as this story develops please contact me Jonathan Watson by emailing email@example.com.
Thank you for reading and I look forward to hearing from you.