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, January 18, 2010

This week sees important inflation data out in Canada, New Zealand, the USA and here in the UK. The monthly round of figures are important for exchange rates in each case, as inflation is a sign of economic activity and a driver of interest rates - all of which affects the value of a local currency...

If you are sending payments in Euros then the monthly ECB report on Thursday is worth looking out for - with Euro rates currently the best in 4 months it may be worth booking an exchange rate sooner rather than later in case of any optimism from the central bank which could put the price of a Euro back up again.

In addition, we have Canadian interest rates tomorrow and New Zealand retail sales on Wednesday, if you are making money transfers further afield. Don't forget that whichever currency you are buying or selling, it is possible to fix and guarantee your exchange rate in advance with a forward contract.

Breaking News: this morning's Rightmove house price index has shown a surprise increase in UK house prices, giving sterling a boost against most currencies.

This week's economic calendar:

Monday 18^th

US Bank Holiday

Midnight - Rightmove house price index

Tuesday 19^th

0930 - UK CPI inflation

1000 - German ZEW confidence survey

1330 - Canadian interest rate decision

2145 - New Zealand CPI inflation

Wednesday 20^th

0700 - German PPI inflation

0930 - Bank of England minutes & UK unemployment rate