Sterling Slipping Prior To BofE Meeting (Colm Gilhooly)

GBPCHF rates hit near 3-month highs

Positive house price data overnight has done little to lift sterling as the shine seems to be coming off the pound.  Yesterday’s low Manufacturing Production figure of just 0.1% suggests the UK economy still has a major imbalance.  There is a lot of inflation data out next week for the UK and for Europe, and whilst I don’t expect the Bank of England to do anything tomorrow, next week could be very volatile.  In my view it represents a good time to sell Euros as I think it will come under pressure again, although don’t expect sterling to rocket based on recent data.  If you need help with a currency transfer please do not hesitate to contact me Colm at cmg@currencies.co.uk  and I would be happy to try and get you the best exchange rate.