Chinese Dragon Breathes Sparks

High St Bank Exchange Rate

Chinese worries continue to scare markets as the nation’s trade data released earlier today fell far short of expectations, casting doubts on whether the sputtering global economy will regain traction any time soon. This comes on the back of the ECB’s downbeat assessment of the Eurozone economy yesterday. With Italian and Spanish economy languishing in recession, there is a strong possibility that next week’s Eurozone GDP data could reveal a contraction for the second quarter.

At home, output producer price inflation has cooled, strengthening belief that consumer price inflation might maintain its downward trend next week and head much closer to the BoE’s target rate of 2%.

Company Details

Chinese Dragon Breathes Sparks

Get a quick quote

Open Account with Moneycorp

Moneycorp are located at:
The Zig Zag Building, 70 Victoria Street, Greater London, SW1E 6SQ, United Kingdom

Get a Quick Quote

Newsletter Signup to CMT

Sign up to our foreign exchange newsletter to receive news updates directly by email

Compare Money Transfer will not Share your details!

Bank Exchange Rates Comparison

High St Bank Exchange Rate

All Rights Reserved: Copyright 2006 - 2018 Compare Money Transfer Limited offering FCA Regulated Suppliers - 34 New House, 67-68 Hatton Garden, London, EC1N 8JY. +44 (0) 843 357 4882