By Leigh Smith

Today could be an incredibly volatile day on the currency markets, with the potential for some large movements for GBPUSD exchange rates. This is due to the amount of influential data that is due to be released by the US today. We have:

  • Revised GDP figures (1.30pm)
  • Consumer confidence (3pm)
  • House price index (3pm)
  • FOMC minutes (7pm)

All of these releases could have an impact on the cost of sending money to the US, or converting UK Pounds to US Dollars, so if you have a US Dollar requirement feel free to let one of our friendly brokers know who can be your eyes and ears on the markets.