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By ASP

The Bank of England and the European Central Bank will be releasing their interest rate decision today. Many people are expecting the ECB to lower interest rates by 0.25% which could cause Euro weakness. The ECB interest rate decision is at 12:45 and if they do lower interest rates it could be overshadowed by the BofE interest rate decision. Whenever we have an interest rate decision we also have the release of any further quantatitive easing. The BofE recently announced another round of QE at £75bn which caused over a 1% weakness on Sterling. There are whispers of further QE to come and if we do see that happen today it will almost certainly shift the markets. If you have any currency needs at the moment regardless of the currency required please get in touch with me on asp@currencies.co.uk to ensure you have the necessary contracts in place to mitigate any potential risk you’re facing.

By ASP

An EU summit is due for Thursday/Friday this week where it is expected that changes to the EU treaty will restore confidence in the Eurozone and set them on the road to recovery. I would therefore advise any clients with a Euro requirement to buy out there position before Thursday to ensure you aren’t subject to adverse market movements.

You can contact me to discuss the options available to you via asp@currencies.co.uk or register for a trading account via http://www.currencies.co.uk/register/