What could impact sterling exchange rates this week?

On a relatively quiet day for the pound data wise sterling has continued on from last last week posting gains against a number of currencies. We have reached a near three week high against the US dollar and multi year highs against the Australian and New Zealand Dollar.

Today has been quiet in terms of data but I have highlighted what may have an impact on the pound for the rest of the week:

– Tuesday 21/11 – UK Public Sector Net borrowing figures
– Tuesday 21/11 – UK Inflation Report
– Wednesday 22/11 – UK Budget/Autumn Forecast Statement
– Thursday 23/11 – UK Gross Domestic Product (GDP) 

As you can see we have a busy week this week, with Wednesdays Budget the key area to focus. This will be Chancellor Philip Hammond’s first budget and the first to be held in the autumn in over 20 years.

Should you have an upcoming money transfer to arrange and you would like more information on the full currency service we provide then please get in touch. As one of the UK’s largest currency brokers we have access to commercial exchange rates to help maximise our clients money transfers. For more information please get in touch here.

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