10/04/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • April 10, 2018
  • No Comments

The exchange rates are listed at the bottom of this article. Please note they are for indication only. For a live quote please contact us.

Sterling hit a two-week high today after a top policymaker said the Bank of England should not delay in raising interest rates after a recent strong pick-up in the world economy.

Ian McCafferty, one of the two members of the nine-strong Monetary Policy Committee who voted for a rate rise last month, said in an interview that wage growth might prove stronger than most of his colleagues thought, adding to the pressure that inflation is running about the BoE’s target.

The BoE raised rates for the first time in more than a decade in November and a recent string of strong data including house price data on Monday have virtually sealed the case for a second rate increase in May.

The Bank of England should not delay raising interest rates again, he said, pointing to the possibility of faster pay rises and the recent strong pick-up in the world economy.

McCafferty said he could not be certain about whether to vote again for a rate rise until May’s policy meeting, but there had been no data or Brexit developments so far to make him think he was wrong in March to vote to raise rates to 0.75 percent.

GBP/EUR 1.1489
GBP/USD 1.4162
GBP/AED 5.1940
GBP/AUD 1.8341
GBP/CHF 1.3531
GBP/CAD 1.7975
GBP/NZD 1.9290
EUR/USD 1.2310
GBP/ZAR 16.998

Leave a Reply

Your email address will not be published. Required fields are marked *

What's Going On?

Currencies 4 You Ltd is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House Victory Way Admirals Park, Crossway, Dartford, Kent, DA2 6QD. Currencies 4 You Ltd’s Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Currencies 4 You Ltd is partnered with Ebury Partners UK Limited as its Programme Manager. Ebury Partners UK Limited are authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution. (Reference Number 900797). | Terms and Conditions | Privacy Statement | Careers