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Pound still finding it a struggle despite positive Retail Sales (Daniel Wright)
The Pound has had a tough day again on the markets barely gaining any ground against most major currencies and virtually trading sideways against the Euro.
Despite a fairly good economic data release with Retail Sales looking up, nothing seems to be able to kick-start the Pound back into a period of strength again.
Tomorrow we see Public Sector Net Borrowing figures for the U.K which is again expected to be slightly better than we have seen of late and should lead to a little Sterling strength but do not expect a major spike on what seems like a fairly comfortable and quiet market awaiting the next big news from Europe.
Those with a pending currency transfer either buying or selling the Pound should still however ensure that they keep a very close eye on the market as although quiet and fairly stable at present there is a lot going on behind the scenes at Central Banks and Governments and we could quite easily see a large movement happen some point soon – More than likely surrounding what happens regarding Europe which may effect all major currencies as attitude to risk changes globally.
If you want to be kept up to date with the very latest market movements and then to get the best exchange rate as and when you do decide to carry out your transfer then I can help you with both. Do feel free to contact me directly and I will deal with you personally, with years of experience on the market and dealing with currency transfers large and small you will certainly be in the right hands – You can email me directly on [email protected]
2012-10-18 12:25:44
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