Sterling has retraced this afternoon as the Bank of England held its base interest rates steady at 0.5% as most had expected. Looking at tomorrow and watch out for German inflation figures at 07:00. Levels are forecast to fall from 1.2% to 1% and could put pressure on the Euro tomorrow morning. With Germany the backbone of the Euro Zone these figures will be closely monitored as the single currency area is currently facing pressure from deflation.
Should you have an upcoming foreign exchange transaction to arrange and you would like further information on the currency service we can provide then please contact the office on 01494 787478 or email Mike at [email protected]