Best Euro Rate Information
Bank of England do nothing and sit and watch at today’s interest rate meeting and take the view they don’t want to harm the humble recovery despite the recent rise in House Prices. Whilst this is good for those with a mortgage, if you are looking to buy euros the BOE has not done us …
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The Pound has leaped 60 points today and is knocking on 1.2200 again today. Also against the Us dollar it is trading back above 1.6700. This is on no news and the general feeling is that it will continue to rise today – fingers crossed for those of you looking to buy Euros
For today, the employment component of the non-manufacturing ISM survey and the ADP employment report will be closely watched. We would expect market reaction to be binary, with a stronger out turn in both likely to suggest upside risks for payrolls. However, in such scenario we think US Dollar exchange rate upside may be limited …