This morning we have seen Sterling Euro exchange rates continue to rise pushing close to the best levels in 4 years despite the news still sinking in that the UK is in recession. The current levels are presenting some fantastic opportunities for clients looking to buy Euros and with a whole raft of economic data due this week it may be worth taking advantage of the current exchange rates. At Foreign Currency Direct we offer clients a number of different contract options including a forward contract where, for a small deposit, you can fix the current rates of exchange for a period in the future so you know exactly how much your currency costs. This helps take some of the risk out of the market, provide peace of mind and is perfect to help clients’ budgets. Call us for more information on 0800 328 5884.

This week there is a huge amount of economic data due which could have big impacts on the currency exchange rates. Below are a few of the key releases but for a more in depth look at the week ahead call one of our currency broker:

Today

  • Canadian GDP – 12:30pm

Tuesday

  • Australian Interest rate decision – 3:30am
  • UK Purchasing Managers Index – 9:30am

Wednesday

  • UK house price index
  • Germany unemployment – 8:00am
  • EU Purchasing Managers Index – 9:00am
  • UK Mortgage Approvals – 9:30am
  • US employment change – 1:15pm

Thursday

  • ECB Interest rate decision – 12:45pm

Friday

  • EU Purchasing Managers Index – 8:00am
  • EU Retail Sales – 10:00am
  • US Non-Farm Payroll – 1:30pm