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This week's exchange rate news

Monday, August 24, 2009

Another bad week for sterling last week saw a fall in value against most major currencies. Although UK inflation figures on Tuesday and retail sales numbers on Thursday were positive, worrying public borrowing figures, along with some good news in Germany and the USA, meant that GBP struggled to make any gains at all...

Against the Aussie and New Zealand dollars, the news was even worse, with money transfers to Australia currently trading at fresh lows of around $1.96.

This morning's news that business confidence is at its highest for two years may give the Pound a short-term boost, but most of the other news this week comes from overseas. Speak to a reputable currency broker if you would like to discuss your own requirements.

Monday

1.30pm - Canadian retail sales

Tuesday

7am - German GDP

Overnight - Nationwide house price survey

3pm - US house price index & consumer confidence

Wednesday

9am - German business climate survey

3pm - US new home sales

11.45pm - New Zealand trade balance

Thursday

No major data

Friday

9.30am - UK GDP & Government spending

Picture by lusi 

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