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Sterling 'hardly affected by Bank of England rate decision'

The sterling hardly reacted to news that the Bank of England will leave interest rates at 0.5 per cent for the tenth month in a row, it has been reported.

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8 January 2010

Sterling 'hardly affected by Bank of England rate decision'

According to Travelex, the sterling was down 0.7 per cent against the dollar and dropped in value against the euro from 1.1097 euros to a pound to 1.1102 euros.

Those considering travelling to the US or Europe in the future may want to consider keeping an eye on exchange rate changes and locking into a good rate when it emerges.

This can be done using a prepaid currency card from providers such as Caxton FX, Fair FX and O2.

Locking into an exchange rate using a prepaid currency card can save travellers money on foreign exchange, giving them more money to save on vacation.

This can be much cheaper than buying currency last minute at the airport or on the high street.

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Best Buy Credit Cards

Credit Cards Balance Transfers Purchases APR Representative (Variable)
Tesco ClubCard Purchases Credit Card Logo Tesco Bank Logo Tesco ClubCard Purchases Credit Card Apply
 0%
9 months
2.9% fee
 0%
18 months
 
16.9%
Representative Example: The annual purchase rate is 16.9% p.a (variable) so if you spend £1200 your representative apr will be 16.9% p.a (variable)
Barclaycard Platinum With BT (27 Mths) Logo Barclaycard Logo Barclaycard Platinum With BT (27 Mths) Apply
 0%
28 months
3.5% fee
 0%
6 months
 
18.9%
Representative Example: The annual purchase rate is 18.9% p.a (variable) so if you spend £1200 your representative apr will be 18.9% p.a (variable)
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