This weeks exchange rate news
By Angela
|
Posted in Economy, General, Holiday, Inspirational, Miscellaneous Articles, Property, Tenerife, Things to Do, Uncategorized
|
Tagged Add new tag, Bank of England, currencies, exchange rate, interest rates, money, overseas, pound, Tenerife
The Pound has been falling at an alarming rate, following Friday’s weak GDP revision (showing last year’s economic contraction was even bigger than expected) and new worries about Quantitative Easing.
On Thursday, the Bank of England announced no change to interest rates. In virtually all currencies, sending money overseas is becoming rapidly more expensive due to falling exchange rates. Remember that it is possible to secure your exchange rate up to 2 years ahead to avoid exchange rate risk
Exchange rate fluctuations in Tenerife caused by the falling pound
This entry was written by
Angela, posted on
March 8, 2010 at 2:21 pm, filed under
Economy, General, Holiday, Inspirational, Miscellaneous Articles, Property, Tenerife, Things to Do, Uncategorized and tagged
Add new tag, Bank of England, currencies, exchange rate, interest rates, money, overseas, pound, Tenerife. Bookmark the
permalink. Follow any comments here with the .
Post a or leave a
trackback.
