Overseas property news - This week's exchange rate news

This week's exchange rate news

 

Exchange rates have levelled out in the last week, and most are behaving in a "rangebound" manner as we await the next round of monthly data releases...

This means that most of the best exchange rates for sending money overseas are sitting within a fairly narrow range, without any overall direction.

Perhaps we are seeing a bit of breathing space as the markets come to terms with the Pound's recent rally - which has made sending money abroad much cheaper across the board.

This week, there are a lot of significant economic data releases around the world, which are likely to introduce some more volatility to exchange rates.

Check below for the announcements which are relevant for you, and make sure you keep an eye on rates before and after each one if you are considering taking advantage of any spikes in the market.

Tuesday 30th

Australia - new home sales (1.00am)

UK - Nationwide house price survey

UK - GDP data for Q1 (9.30am)

USA - June consumer confidence survey (3.00pm)

Wednesday 1st

Australia - retail sales (2.30am)

UK - manufacturing inflation (9.30am)

USA - May home sales (3.00pm)

Thursday 2nd

Australia - trade balance (2.30am)

Eurozone - unemployment rate (10.00am)

Eurozone - interest rate decision and accompanying speech (12.45pm)

USA - average weekly earnings (1.30pm)

USA - non-farm payroll data (1.30pm)

Friday 3rd

USA - market closed for bank holiday

Switzerland - CPI inflation data (8.15am)

Eurozone - retail sales for May (10.00am)

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