Bank of England’s quarterly inflation report

Published on in Foreign Exchange News by

Sterling edged higher on Tuesday after better than expected UK industrial and manufacturing figures.

Manufacturing output fell 2.9% in June after a 1.2% rise in May; beating forecasts of a 4.1% fall on the month. Industrial output dropped 2.5%, following a 1% increase in May but did better than the forecast 3.4% decline.

The numbers came ahead of the Bank of England’s quarterly inflation report which is due today. It is widely expected that they will slash their growth and inflation forecasts for 2012 and beyond; opening the door for further quantitative easing later this year. Traders will scrutinise whether Governor Mervyn King is dovish in his comments and he his likely to be questioned as to why QE and low interest rates are not boosting Bank lending.

Main Currency Pairs * Yesterday Today
GBP/EUR 1.25920 1.25900
GBP/USD 1.56160 1.55900
GBP/CAD 1.55990 1.55380
GBP/NZD 1.90380 1.91400
GBP/AUD 1.47610 1.47610
GBP/AED 5.73360 5.72620
EUR/USD 1.24030 1.23820
GBP/CHF 1.51110 1.51120
GBP/ZAR 12.7900 12.7633
GBP/SEK 10.4915 10.4320
GBP/JPY 122.340 122.050
GBP/PLN 5.09600 5.14380
GBP/SGD 1.93800 1.93840
EUR/PLN 4.04780 4.08830
EUR/CHF 1.20140 1.20110
GBP/MAD 13.8550 13.8900
PLN/EUR 0.24700 0.24460
GBP/CZK 31.6000 31.6400
GBP/DKK 9.37300 9.36660
GBP/HKD 12.1098 12.0840
GBP/HUF 348.700 349.320
GBP/NOK 9.30130 9.20540
GBP/INR 86.2800 85.7700
GBP/THB 49.0620 49.0620

Recent Posts

» «

Comments are closed.

Live Currency Calculators

1 GBP = 1.13724 EUR

1 EUR = 0.8793 GBP

Change Currencies

Free Currency Calculators Mobile App

Best iTunes currency converter mobile app

Free iTunes Mobile AppiTunes currency calculator mobile app for free. Find live currency exchange rates for your iPhone or iPad.

Best Google Play currency converter mobile app

Free Google Play Mobile AppGoogle Play currency calculators mobile app for Android phone. Free on google play getting live interbank exchange rates.

© 2018 Currency Calculators : All Rights Reserved : Google Currency Calculators - Bing Currency Converter- Yahoo Currency Calculators