Exchange Rate Outlook
Following two very busy days for the currency markets there is very little economic data due to be released today with Eurozone Tradebalance and US housing starts the two main economic data sets. However, next week we have UK inflation figures which will be crucial to the fortunes of Sterling exchange rates, we also have the latest Bank of England minutes and Retail sales while possibly the most important data set will be the UK Gross Domestic Product (GDP) figures. Next week is lined up to be very busy for Sterling exchange rates with some highly important economic data and it is likely to set the short term trend for Sterling exchange rates. Any weakness from these numbers could result in GBP falling from the current high levels and so if you need to transfer funds internationally then it may be worth speaking with one of our senior currency brokers today. You can call straight through to our trading floor for free on 0800 328 5884 or if calling from abroad call us on 0044 1494 725353.