In a surprise move the Monetary Policy Committee from the Bank of England have voted unanimously to keep interest rates on hold at 0.5%. Since August 2015 Ian McCafferty had been voting to hike the rates but he has now back tracked, which for me gives a clear indicator to the future of the pound for the foreseeable future.
As for the latest Inflation report, GDP growth has been cut this year from 2.5% to 2.2%. Mark Carney is now addressing the public and I expect sterling exchange rates to continue to fall for the rest of the week.
Its important when trading currency you analyse both of the currencies in question. If you have an upcoming currency transfer to make this week, month or year I would recommend emailing me with the currency pair (GBP/USD, GBP/EUR, GBP/AUD etc) and your individual requirement (buying a property abroad, paying a company invoice) and I will personally respond to you with my forecast and the process of using our company.
Quite simply we can give you economic information to help you time your transfer and can also offer you a better exchange rate than what you would receive with your bank and other brokerages. This can be anywhere between 1-5%. My direct email is [email protected] Dayle Littlejohn. Alternatively call me on 0044 1494 787 478 and ask the reception team to be put through to Dayle Littlejohn.
If you would simply like a comparison against your provider email me with the exact figures, time scales and the best number to contact you on and I will call you with our live buying price. This will take 2 minutes and could save you thousands!