Although UK interest rates are tipped to stay low as the Bank of England refrains from infusing the economy with more money and prevent a “triple-dip recession”, analysts are expecting to see an increase in the UK interest rate early this summer. —
In a recent blog post published earlier this week, currency exchange specialist Currency Solutions mentioned some of the key factors that will influence the rise of interest rates in 2013, not only in the UK, but also across the continent. According to the company’s blog, there is an ever-increasing speculation that a rise in the UK interest rate will come earlier than expected, following last week’s Monetary Policy Committee meeting. The rise, expected to also rise the Sterling, will be mainly influenced by the interest rate hype currently going on in all Europe, but also by political tensions in the Middle East.
“We will finally see the interest rate raise this summer”, says one of the analysts at http://www.currencysolutions.co.uk/. “There’s a good chance to see the Bank of England raise interest rates this year, 18 months earlier than what most economists predict, as a result of a strong recovery and rising inflation.”
Currency Solutions is an FSA-authorized currency specialist offering timely money transfers and bank-beating exchange rates, guaranteeing total security of funds and minimum currency risk. With more than 1,000 positive customer reviews and the reputation of a currency exchange company that offers first-class service to both corporate and individual clients, Currency Solutions can offer customers the needed security and peace of mind when it comes to cost-effective foreign exchange.
“I tried Currency Solutions for a business transaction and since then, I have used them for business and personal money transfers to various parts of the world. I find them to be “real people" and their service is good. Nothing seems a problem. My money always gets to the other end fast too.” – Currency Solutions customer.
More information about the current market trends and foreign exchange tools can be accessed at http://www.currencysolutions.co.uk/converter.
About Currency Solutions
Currency Solutions is a foreign exchange specialist that prides itself in saving clients’ time both with excellent service and exchange rates. They offer first-class personalized service with minimum currency risk and bank-beating exchange rates, completing all currency transfers in less than 24 hours.
Name: Bogdan Popa
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Organization: Currency Solutions
Address: Hobbs Court, 2 Jacob Street London SE1 2BG, UK
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