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The pound has propelled yet further to twenty month high on a basket of other currencies.
The Pound is set for a busy week with some expecting that this week’s focus on inflation. Trade balance figures and GDP figures from the Eurozone tomorrow will affect the Sterling rate against the Euro whilst the US will be experiencing a wealth of data from Tuesday to Friday.
What is going to happen to exchange rates in the future? Is the Euro in real jeopardy? This a natural question for anyone who will be buying or selling overseas property in 2011 where the loss or gain due to currency fluctuations may be in the thousands. No amount of technical analysis, research or crystal ball gazing can give a definitive answer. However, we can consider the currency events...
The Pound is starting the week at the 1.16s against the Euro – lower than last Monday when we came off the starting blocks at 1.17 but the Pound has actually regained some ground over the weekend from lower falls to 1.154 on Friday and 1.153 last Wednesday when we saw decidedly low GDP figures knock the Pound down.
