Sterling Slipping Prior To BofE Meeting (Colm Gilhooly)

GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

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.