Currency Update

Sterling has continued its recent climb following yesterday’s comments from Bank of England Monetary Policy Committee member Andrew Sentance, hinting that the Bank’s programme of Quantitative Easing may be put on hold.

Later today we eagerly await the European Central Bank interest rate decision at 12:45 and press conference at 13:30.

On the interbank market Cable (GBPUSD) has pushed through 1.6230 and currently trades at 1.6265, whilst the Pound is also trading above 1.12 against the Euro. EURUSD is currently trading just below 1.45 at 1.4493.

Currency Matters can offer a number of products and strategies which can help you manage your currency risk. Please contact the dealing team for more information.

 If you would like to discuss any upcoming foreign exchange requirements, please do not hesitate to contact the dealing team on 01695 581669.