The US dollar has risen this afternoon following news that 192k new non-agricultural jobs were created in February.
Sterling has started the day on the wrong foot following reports from Halifax that UK house prices fell in February.
The euro has dominated the markets in the last day following hints from the ECB that EU interest rates could rise in April.
ECB President Jean-Claude Trichet has announced that interest rates will remain at 1.0% this month, but could increase in April.
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Not sure how the currency exchange rates work? Then take advantage of this simple explanation and all shall be revealed.
The US dollar has continued to fall in the last day as the markets react to the situation in Libya.
The ECB is set to release its latest interest rate decision this afternoon, and the markets are hoping for an increase. But is this in fact likely?
There are several factors that can influence your money transfer experience besides the exchange rates. Read this post to find out how to take advantage of them!
Planning to transfer currency? Then read this post explaining the two factors that affect the currency exchange rates you receive, and how to use them to your advantage.