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This week's exchange rate news

Monday, September 14, 2009

There was some good news at last for those of you making money transfers in Euros or US Dollars last week - the Pound found some strength after the Bank of England's decision on Thursday not to extent their programme of quantitative easing beyond £175 million...

This was seen as a broadly positive announcement and gave sterling an immediate lift.

Elsewhere, the Australian and New Zealand dollars both gained strength (became more expensive), with rates for buying Australian dollars falling to a new low below $1.92.

Anyone sending money to Australia should be concerned that the prospect of higher interest rates down under could generate more demand and therefore make the AUD more expensive again.

This week, most of the key monthly inflation data is out in the UK, Europe and USA.

These, and unemployment figures, will be key in showing which economies are coping best with the current economic conditions, and therefore are all likely to cause some volatility in exchange rates.

Monday

10am - European industrial production

Tuesday

2.30am - Reserve bank of Australia meeting minutes

9.30am - UK CPI inflation & retail price index

1.30pm - US PPI inflation & retail sales

Wednesday

8.15am - Swiss retail sales

9.30am - UK unemployment rate

10am - European CPI inflation

1.30pm - US CPI inflation

Thursday