Sterling exchange rates remained volatile last week particularly after Mervyn King suggested that a weak Pound would help the UK economy recover. This, in a week where the Eurozone came out of recession and a widening US trade deficit suggesting Americans are spending again, is weighing heavy on the British currency and may lead to further exchange rate losses in the weak ahead.
Date out this week includes New Zealand PPI, Japanese GDP, UK Rightmove house price index, US retail sales and UK retail price index figures which means we could see another turbulent week.
To keep up to date with what is going on the UK and around the world link to this blog where I will publish a daily market snapshot alternatively visit www.currencies.co.uk where you can open a free, no obligation trading facility giving you access to a personal currency broker who will personally keep you aware of market trends, spikes and conditions.
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