- The GB Pound slipped against the US dollar on Wednesday as eyes turn to the Bank of England minutes meeting. A continued run of poor UK housing and retail data as well as BoE’s forecast that inflation will fall below target within 2 years, has raised expectations further that rates will be cut before the year is out.
- The Bank of England minutes due at 0830 GMT are expected to show a three-way split, with seven members voting to leave rates on hold at 5.0 percent, one voting for a cut and one for a hike.
GLOBAL CURRENCY EXCHANGE NETWORK - Best foreign Exchange rates today
|
CURRENCIES
|
HIGH
|
LOW
|
|
GBP-EUR
|
1.264
|
1.2376
|
|
GBP-USD
|
1.8685
|
1.8382
|
|
GBP-AED
|
6.8541
|
6.7701
|
|
GBP-BRL
|
3.0524
|
2.9911
|
|
GBP-EGP
|
9.9457
|
9.6634
|
|
GBP-TRY
|
2.2207
|
2.1769
|
|
|
1.4806 |
1.4476 |
|
EUR-BRL
|
2.4115
|
2.3676
|
| EUR-AED |
5.4231
|
5.2463
|
|
USD-AED
|
3.6721
|
3.671
|
| USD-EGP |
5.338 |
5.1806 |
n.b these are just indication rates as of 8.30am on Wednesday 20th August
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