Oct28
Today’s Currency Market
By Alex Ellis
As of today the Quantitative Easing policy adopted by the U.K. Government has officially ended. Although in recent weeks this has seemed to have a significant effect on the currency, the pound remains fairly stable.
Over the course of the next few days there is little data coming out which may affect the GBP exchange rates; however on Friday Nationwide is releasing housing price data which is expected to hit Sterling across the market. So buying now could be the safer option when selling pounds to buy another currency.
At 20:00 (GMT) The Reserve Bank of New Zealand will be meeting to set interest rates if they decide to change these rates then expect volatility in the market, this could affect the market for a number of days. So we could potentially see a Sterling rally against the New Zealand Dollar.
In order to maximise the saving when sending money transfers it makes perfect sense to consult and use an expert currency brokerage.
Archived in: Uncategorized








