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This week's exchange rate news

Monday, February 08, 2010

As expected last week, the Bank of England did not extend the quantitative easing programme in the UK, in a widely expected move that was good news for sterling. The news had already been priced in to the market, and the Pound's value peaked on Thursday before falling back against many currencies on Friday and over the weekend...

This week, there is not a huge amount of data out, so the best exchange rates for currency transfers will depend on a couple of key announcements. Tuesday sees the UK's latest trade balance figures, and Wednesday morning's quarterly inflation report is likely to affect the Pound, depending on the Bank of England's outlook for the economy.

The only European news of note is GDP on Friday, while in the States we have retails sales on Thursday, and there is a US bank holiday next week on Monday 15^th.

This week's economic calendar:

Monday 8^th

No major data

Tuesday 9^th

0700 - German CPI inflation

0930 - UK trade balance

Wednesday 10^th

0930 - UK industrial production

1030 - UK Bank of England quarterly inflation report & King's speech

1330 - US trade balance

Thursday 11^th

0030 - Australian unemployment rate