Off the point slightly, an EC survey of 32 banks published a few days ago shows that excitement and readiness in Europe, five months before the introduction of euro notes and coins, is hardly reaching fever pitch. As for the greenback, it has had a quiet week by its own high standards, but here's a timely seasonal reminder. Traditionally, the dollar tends to slow down during the summer months. On the worldwide scene, swings and roundabouts continue to be the theme for a number of currencies. In one part of the world, the Swedish krona continues to struggle badly despite efforts by the country's central bank to prop it up.
Interest rates look highly unlikely to change next week, either in Europe or London.
On the UK front, the market sees very little chance of a bold or unexpected move by the Bank of England. That's despite the simple fact that the UK manufacturing sector, at least, is effectively in recession. Shaun Moore is senior manager, Rick Management Services, Northern Bank. Guide Overseas Delivery Patten Commission Personals Sitemap St.