Today's Euro Forecast

Sterling has dropped recently as many releases have shown that the UK economy is recovering slower than first expected. The recent talks of further Quantitative Easing (QE2) has also meant further pressure on the Pound vs Euro exchange rate. Previously, when the BoE has commented about the policy of printing more money we have seen Sterling fall against the single currency. The Euro has been gaining strength against the Pound following a raft of weaker than expected UK data so this trend may continue during the week.

This is a brief summary of today's report. If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email MeFor more information please do not hesitate to email teh@currencies.co.uk

Bank of England Interest Rate Decision

The Bank of England interest rate has remained the same for 17 months and it is unlikely that this will change today. Exchange rates for the Pound have dipped slightly this morning in the run up to the announcement but could drop even further if more Quantitative Easing is proposed. Later this afternoon Sterling exchange rates could drop owing to the US jobless claims out at 130pm.

This is a brief summary of today's report. If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email MeFor more information please do not hesitate to email teh@currencies.co.uk

Currency Forecast for Sterling Euro

We have seen Sterling improve against the Euro this morning following some positive figures from the BRC concerning the Shop Price Index. Also, the issues surrounding the recent stress tests show that sovereign debt was not included and Germany's problem is that they may need to come with a further €100bn to plug the gap. Sterling is currently up by 0.47% as of 1130am this morning. Sterling has also increased against the US Dollar in the run up to BP's announcement due out at 12pm. Worth keeping a close eye on the foreign exchange rates this afternoon following the release of the report which could be quite damning.

This is a brief summary of today's report. If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email MeFor more information please do not hesitate to email teh@currencies.co.uk

Today's Sterling/Canadian Dollar exchange rate

Good morning readers,

First of all let me apologise for being absent on this blog for a while as I'm sure many of you were thinking where have I been. Anyway, the blog will again be daily updated to keep you up to speed with the daily currency movements. Today's focus will be on the Sterling Canadian Dollar exchange rate which has slipped recently to below 1.60. With the UK's economy under pressure particularly with public sector job guts expected in October the Pound could drop even further against the Loonie. For a more detailed view feel free to email me personally on teh@currencies.co.uk and I will endeavour to answer your currency questions.

This is a brief summary of today's report. If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email MeFor more information please do not hesitate to email teh@currencies.co.uk