By Tom Higham

The Bank of England today released their latest minutes from this months interest rate decision. The minutes highlighted that the central bank had a split opinoin over whether to increase the Quantitative Easing programme with some members voting for a £25billion increase, one member voting for a £50billion increase and the rest voting for no rise. This shows that while the bank have very little control over the UK economy they also are undecided and not on the same wavelength.

This has been bad news for the Pound with the exchange rates falling across the board. Sterling lost over one cent against the Euro, half a cent against the Dollar. So, if you need to send money overseas then speak to an experienced currency broker by completing the contact us form so you can discuss all the options open to  you to help you get the best exchange rate.