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This week's exchange rate news

Monday, February 15, 2010

We have a big week coming up for sterling, with key data out every day from Tuesday onwards, which is likely to shape the short term future of many exchange rates...

After last week's economic problems in the Eurozone, in particular Greece, we are seeing relatively good exchange rates for sending money in Euros once again. The Pound rallied towards the back end of last week, and while there is little of significance released on Monday 15^th, the rest of the week is a different story.

Tomorrow's inflation figure will be eagerly awaited by markets, and on Wednesday the Bank of England publish the minutes of their February policy meeting, at the same time as unemployment figures come out. On Thursday, key public borrowing numbers are released, and on Friday we have retail sales.

So whether you are sending Dirhams to Dubai or Euros to Utrecht, it is likely to be a volatile week. Do discuss your options with a currency broker to make sure you are not left exposed to adverse market movement.

This week's economic calendar:

Monday 15^th

Bank holiday in Canada, USA and some European countries

UK house prices (Rightmove)

Tuesday 16^th

0030 - Reserve bank of Australia minutes

0930 - UK CPI inflation

1000 - German & Eurozone ZEW economic sentiment surveys

1330 - Canadian manufacturing shipments

Wednesday 17^th

0930 - Bank of England minutes & UK unemployment rate

1330 - US import price index