What could impact Sterling exchange rates this week? (Dayle Littlejohn)

The UK are set to release a host of Consumer Price Index numbers Tuesday morning. Consumer Price Index also known as inflation is a measure of price movements by the comparison between the retail prices of a representative basket of goods and services. With petrol prices falling throughout the UK to below £1 per litre, I wouldn’t be surprised to see inflation levels drop further and sterling lose ground throughout Tuesday trading period.

Wednesday morning is the latest Unemployment numbers coupled with Average Earnings figures. With Unemployment dropping throughout September and October and close to a 7 year low, I would be surprised to see any change and therefore the announcement to be a non-event.

Later in the afternoon Janet Yellen from the FED testifies in regards to the US raising interest rates. The general consensus is for the US to raise interest rates, which will have an impact on sterling exchange rates, however it all depends on which currency pair you are looking to trade to whether it will have a positive or negative effect on the exchange rate you receive.

If you have an upcoming currency transfer to make I would recommend emailing me with the currency pair (GBP/USD, GBP/EUR, etc) and your individual requirement (buying a property abroad, paying a company invoice) and I will personally respond to you with a forecast and the buying process. [email protected] Dayle Littlejohn. Alternatively call 0044 1494 787 478 Monday morning and ask the reception team to be put through to Dayle Littlejohn.

IF YOU WOULD SIMPLY LIKE A COMPARISON AGAINST YOUR CURRENT PROVIDER FEEL FREE TO EMAIL ME WITH THE EXACT FIGURES!! THIS TAKES 30 SECONDS AND COULD SAVE YOU THOUSANDS!! 

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