Pound Falls After Weak Retail Figures (Colm Gilhooly)

The pound has taken a hit this morning after retail sales figures came in below expectations and are another sign that the UK economy isn’t picking up quite as quickly as people forecast it would a few months ago.  The Bank of England minutes yesterday haven’t helped improve the situation, so it will be interesting to see how UK GDP figures come out tomorrow.  If these aren’t particularly robust we could see sterling slip back a couple of levels as confidence is shaken.

If you need to make a currency transfer, and want to get the best exchange rate, then feel free to email Colm at cmg@currencies.co.uk and I would be more than happy to help.  Foreign Currency Direct is a specialist currency transfer company and help clients to get better exchange rates than the bank and other sources.  We could discuss an overview of your requirement and suggest a few options that may help save you money.