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UK Inflation due out tomorrow and impact on GBPEUR Exchange Rates (Tom Holian)
Sterling Euro exchange rates have picked up today breaching 1.28 levels as rumours persist of Eurozone QE on January 22nd and the Greek election due to be held on 25th January.
Due out in the morning we see the release of UK Consumer Price Index data which is a measure of inflation. The expectation is for 0.7% so anything different could see Sterling Euro volatility post the announcement.
The Retail Price Index which is the key measure of inflation is due to come out at 1.6% and this will be keenly viewed by the Bank of England as it provides a guideline to which way they may look at monetary policy going forward.
Recently some major UK banks have been offering 10 year mortgages for less than 3% which signals to me that the UK may not raise rates this year.
On Wednesday the Eurozone publishes industrial production data and I think we could see further Euro weakness after this announcement.
If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian [email protected]
Source: http://www.poundsterlingforecast.com/2015/01/12/uk-inflation-due-out-tomorrow-and-impact-on-gbpeur-exchange-rates-tom-holian/
