UK Interest Rates

How low could they go?

The Bank Of England's monetary policy committee meet today to decide on the path of future monetary policy and interest rates. It is widely expected amongst economists that we will see a reduction in interest rates to 0.25% - the first change by the Bank of England since the 5th March 2009.

Other options that the bank may explore will be further stimulus in the form of quantitative easing, corporate bond buying an extension to the funding for lending scheme and perhaps a bigger rate cut than the 25 basis points predicted.

Any or all of the above may be explored with the pound set to endure a volatile day in the currency markets.

To find out how this could affect you, contact our dedicated currency market expert Ben Amrany from FC Exchange follow this link or phone and ask for him and quote "Cle France" on 020 7989 0000.

We will update you later today with the result and market impact.

Thursday 4th August at 11:45 - £1.00 GBP = 1.1978 EUR

Do you want more information ?

So if you need to buy or sell sterling and would like to be kept up to date with all the latest data releases and exchange rate movements then feel free to contact myself Ben Amrany. If you are buying or selling a house in France we will make sure your monies are in the right place at the right time, we work hand in hand with you and Cle France.

For more information on the currency service I can provide please feel free to contact myself...

Ben Amrany from FC Exchange follow this link or phone and ask for myself and quote "Cle France" on 020 7989 0000.

You may contact me directly using this form (click here) with your requirement and I will explain the options that are available to you in getting the best exchange rate.