TheMoveChannel.com | International Property

Subscribe to Newsletters

Please enter your Email address and we will send you more information:

Recent Related Stories

Send us a Property Story

If you have a passion for property and would like to write regular features for us we would love to hear from you!

This week's exchange rate news

Posted by Catherine Deshayes on Monday, November 02, 2009

No news seems to be good news for sterling at the moment - in the absence of much economic news, a mini-recovery across the board last week resulted in better commercial exchange rates for sending currency abroad to most countries...

This week, expect fireworks on the 5^th, when the Bank of England will announce whether further money will be pumped into the economy in the form of additional quantitative easing.

Analysts see this as a 50/50 decision - and in the past the Pound has dropped significantly each time more funding has been announced.

Elsewhere, key employment data is released in the USA on Friday in the form of non-farm payroll figures, the main monthly indicator of job creation in the States. This often has a significant effect on rates for sending money to America.

In Europe, Trichet's speech on Thursday may cause some volatility for the Euro, while the interest rate decision in Australia could spell bad news for the AUD rate if the Reserve Bank hike the lending cost as expected.

Monday

0930 - UK PMI manufacturing data

1500 - US September home sales

Tuesday

0330 - Australian interest rate decision

1500 - US factory orders for September

Wednesday

0030 - Australian retail sales trend

0930 - UK PMI services figures

1000 - Eurozone PPI inflation

1815 - US interest rate decision

2145 - New Zealand unemployment rate