Tag Archives: the best pound rates
Bank Of England Minutes – Sterling Weakness
Following this morning’s decision, UK Interest Rates remain at historic lows (0.5%) and the current asset purchase programme (QE) remains at £200 billion. The tone of the minutes clearly reflects the change not just in the economic outlook for the UK, but also the global economy. There are references that imply QE may be considered if the current outlook remains and as predicted we have seen sterling weaken across the board. Notably against the Euro and the Dollar we have seen a gradual erosion of trading levels. For a detailed explanation of QE and the impact on exchange rates please see my earlier post this week http://www.poundsterlingforecast.com/2011/09/19/sterling-outlook-for-the-week-ahead-and-dollar-strength/ or get in touch to get up to the second information. You can fill in the contact form, call +44 1494 787 458 or e-mail jmw@currencies.co.uk
As Dan stated this morning we are award winning specialist currency brokers who can help clients save thousands on their currency transactions. If you are considering any currency exchanges why not speak to us to find out about a better deal. Please quote PSF when making your enquiries.
