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With Sterling suffering from a tough bank Holiday week just gone there is talk of a continuing loss against the majority of the major currencies.

This week sees the Sterling Interest Rate Decision which with the Construction, Services and House Price Data coming out poorly for the UK last week it would seem very unlikely that it would seem very unlikely that an interest rate hike will occur or numbers will improve in favour of the hike. This would suggest that there is unlikely to be any major strength for the Pound this week.

Thursday is likely to be a big day for the US Dollar with Jobless Claims and Trade balance figures due to be released. With these predicted to show a slight increase it would seem that the Dollar is likely to gain against a weakening Pound again this week.

Keep in contact with your Currency Broker though for updates on upcoming data releases in order to get the possible rate on your currency transfer.