Interest Rates Remain on Hold in Europe and the UK

Yesterday in both the UK and the Eurozone the interest rates were kept on hold as expected, on top of this there was no amendment of the Quantitative Easing programme in the UK and as a result the two decisions passed reletively without notice. However, following the European Central Bank (ECB) announcement Mario Draghi, head of the ECB, gave an announcement which saw Sterling Euro exchange rates pushed up over the 1.21 level hitting the highest level we have seen for a year and although these rates were only short lived it did mean some clients were able to make the most of these excellent opportunities. Later today in the UK we haev industrial production figures and manufacturing production figures while today we also have Gross Domestic Product figures out for the Eurozone and an estimate for the UK. These could be crucial economic data releases for GBP EUR, so if you need to buy Euros make sure you speak with one of our experienced currency brokers today who will be more than happy to discuss your requirements, the market outlook and the options available to you. You can call us for free on 0800 328 5884 or if calling from abroad on 0044 1494 725353, alternatively you can email me on trh@currencies.co.uk

US Non-Farm Payroll

Today the US announce their latest non-farm payroll data which shows the number of people in employment excluding the seasonally effected agriculture industry. This number is often such a large figure that it can be very different to that of the predicted figure which can cause major market volatility. As a result any client who is looking to transfer USD should be aware of todays data release which is due at 1:30pm and speak to one of our knowledgeable currency brokers prior to the data announcement. In the meantime in Canada today we have unemployment figures which similar to the US can be crucical and so should be keenly watched by anyone with a CAD requirement.

Call us today for a live quote on 0800 328 5884 or email me on trh@currencies.co.uk