UK BASE RATE: 0.50%
US FED FUNDS: 0.25%
EURO REFI RATE: 0.15%
UK consumer confidence climbed in August hitting a 9 year high suggesting a more upbeat economic outlook.
GBP/EUR has been fairly range bound and remains in trading this morning around 1.2650.
On the other hand, GBP/USD is now down to 1.6615 from 1.70 highs at the end of July.
September already upon us and the summer disappearing fast! US & Canadian Holidays today (Labor Day) so expect fairly quiet trading on the markets.
Have a good week.
* Rates shown are market rates within the last 24 hours, are indicative and for example purposes only. The actual rate will depend on the market rate at the time of dealing.