Western Union:Sterling-denominated bills are markedly more affordable now than a mere two weeks ago. Sterling has depreciated more than five cents over that span, amounting to meaningful savings for customers that astutely choose to pay their invoices in the U.K. currency. Driving the pound lower and the dollar higher have been markets second thoughts about the health of the U.K. economy and strengthening conviction for U.S. interest rates to rise this year. The opening week of June features British manufacturing and services growth on Monday and Wednesday, respectively, and a Bank of England policy announcement on Thursday at which area interest rates are expected to stay put at record lows of 0.50 percent.
The material has been provided by InstaForex Company – www.instaforex.com