All Eyes on Bank of England

Today the latest Bank of England (BoE) interest rate decision is due to be announced and while it is expected that exchange rates will remain on hold at the current record low of 0.5% the recent spate of positive economic data has meant there is an outside chance of a surprise move from the Central Bank. So, with this in mind today’s announcement will be closely watched by the markets and could lead to some volatility for Sterling exchange rates. Also announced today are the latest set of US jobless figures which will give a good insight into the job market in the States and with the figure expected to show an increase in the number of people out of employment we could see the Pound gain yet more ground against the Greenback. Currently Sterling is already close to a 6 year high against the USD and any further movement is likely to present clients with some incredibly good opportunities to buy Dollars. So, if you need to make an international currency transfer and would like to discuss your currency requirements, the options available to you and the current live exchange rates simply call through to our dealing floor. Our team of experienced and friendly currency brokers have great experience in assisting clients transfer funds internationally, whether you are buying a home abroad or need to send money to family abroad Foreign Currency Direct plc can help. 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 alternatively you can email me directly on trh@currencies.co.uk

FCD Currency World Cup

Remember to come back tomorrow to see the final of the FCD Currency World Cup as the Euro (Germany) takes on the Argentine Peso in what is likely to be a battle royale!