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 [email protected] and I would be happy to try and get you the best exchange rate.
