The final revision of UK Q3 GDP, released this morning, showed worse growth figures than previously expected, showing that the UK is still stuck in recession.
The news comes as a blow for anybody sending money overseas, as the Pound has struggled due to the UK recession, while other European economies have recovered much more quickly.
With no further major UK data out this side of Christmas, do speak to Currency Index now if you have any overseas payments to make.
Tuesday 22 December 2009
Monday 21 December 2009
Forex news this week
Although Christmas is just round the corner, there are still some significant data releases in the next 3 days, particulalry UK GDP which is revised tomorrow morning at 9.30am.
Please click here to see our weekly article with all the news likely to affect exchange rates this week.
Please click here to see our weekly article with all the news likely to affect exchange rates this week.
Tuesday 15 December 2009
Best rate for buying Euros this month
This morning's UK inflation figures came out higher than expected - giving the Pound a boost particularly against the Euro, which is now trading at its cheapest level for 3 weeks.
With more data due out this week, this could be a chance to get a relatively good rate for sending payments in Euros. Contact Currency Index for the latest live rates.
With more data due out this week, this could be a chance to get a relatively good rate for sending payments in Euros. Contact Currency Index for the latest live rates.
Monday 14 December 2009
Inflation & unemployment this week
Last week's pre-budget report and this morning's Rightmove house price index have done nothing to help the struggling Pound - there is a lot of data out this week before the Christmas period, which you can see on our weekly article by clicking here.
Contact Currency Index if you would like to discuss any aspect of your own foreign exchange requirements.
Contact Currency Index if you would like to discuss any aspect of your own foreign exchange requirements.
Tuesday 8 December 2009
House prices up... but manufacturing down
Mixed news in the UK today, as the Halifax house price survey showed a 1.4% increase in house prices in November - but official industrial production figures showed a drop of 8.4% in the year to October.
The Pound fell slightly this morning on release of the figures.
Meanwhile, if you need to send money to Canada, Canadian housing data showed a better-than-expected pick up, although interest rates were kept on hold as expected. The Canadian Dollar is currently trading around $1.72 against sterling [mid-market levels].
The Pound fell slightly this morning on release of the figures.
Meanwhile, if you need to send money to Canada, Canadian housing data showed a better-than-expected pick up, although interest rates were kept on hold as expected. The Canadian Dollar is currently trading around $1.72 against sterling [mid-market levels].
Monday 7 December 2009
This week's currency news
Please click here to see our weekly article for this week's currency news.
With interest rate decisions around the world, the pre-budget report in the UK, and plenty of other data out, this week could see some volatility. Contact Currency Index for the latest news and opinions.
With interest rate decisions around the world, the pre-budget report in the UK, and plenty of other data out, this week could see some volatility. Contact Currency Index for the latest news and opinions.
Friday 4 December 2009
GDP and Economic Recovery
Please click here to see our article on the UK's slow recovery compared to elsewhere in the world - and what it means for exchange rates.
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