Weekly market headlines:
Upcoming key market updates this week may affect your plans to send money abroad. Starting tomorrow, several key market reports will be released in the UK and the US. These could move the exchange rate and impact how much you get when you transfer money.
Here’s what’s happening:
- Tuesday: The UK will share new figures on wages and unemployment. These show how the economy is doing and can affect the strength of the pound.
- Wednesday: The US inflation report is released. This may provide clues as to whether the US may look to cut interest rates in the near future. If interest rates change, it often causes markets to move.
- Thursday: We’ll see the latest figures for the UK economy (GDP), as well as data on manufacturing and industry. The economy is expected to shrink slightly, and this could cause the pound to move.
If you’re planning a transfer this week, whether it’s a property payment, investment, or sending money to family speak to a Lumon currency specialist today. Call +44 (0)204 506 5672 to explore your options.
