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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
What does the Bank of England do in August?
So the BoE has a target rate of inflation for the UK of 2%. The latest reading at breakfast this morning saw it almost double the target.
The economic theory is to put interest rates up to bring inflation down i.e. it costs more to borrow, so you spend less.
But when economic growth is sluggish, central banks are under pressure to lower rates to stimulate growth.
And with tax hikes almost nailed on in the Autumn, it's a bit gloomy for the average consumer.
How has all this affected currency rates? The answer is a mixed bag.
GBP/EUR is looking poor although April technical support held overnight.
GBP/USD dropped back a bit, but the overall trend sees Sterling dominating.
GBP versus most other currencies is a sideways affair in the short term.
UK unemployment dominates tomorrow with no change at 4.6% expected, and that's followed by US retail sales numbers, so plenty to get teeth into.
UK: Thursday 07:00 Unemployment Rate
US: Thursday 13:30
As ever we look forward to keeping you in the loop and look out for our next update.
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