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This week's exchange rate news

Posted by Catherine Deshayes on Monday, June 15, 2009

Overseas property buyers will be pleased to see the Pound last week recover it's loses from the previous week's election turmoil, and continue to push up with new highs across the board...

This has been caused by a continuing improvement in sentiment towards the UK economy, with many investors predicting the worst of the recession could already be behind us.

As a result, we saw the best US Dollar rates and the best Euro rates we have seen this year.

This week, watch out for the following data releases which are likely to affect exchange rates (all times BST).

US Dollar

Tuesday 1.30pm - US Producer Price Index (PPI)

Wednesday 1.30pm - US Consumer Price Index (CPI)

Wednesday 5pm - US Federal Reserve Chairman Speech

Euro

Tuesday 10am - German Economic Sentiment Survey

Wednesday 10am - European Trade Balance

Pound

Tuesday 9.30am - UK Consumer Price Index (CPI)

Tuesday 9.30am - UK Retail Price Index (RPI)

If you have any requirements for buying or selling currency, speak to a specialist currency broker who will be able to explain the impact on your transaction for your individual circumstances.

Picture by lusi