Figures announced on Friday showed that 200,000 jobs were created in the US last month. This was about 150,000 jobs more than expected and meant that the unemployment rate dropped to close to the lowest level in nearly three years. In fact in 20011 over 1.6 million jobs were created in the States which came as welcome news to an economy which for much of last year was under the spot light. The Dollar has been gaining strength against Sterling over the past month which has resulted in some of the best Dollar selling levels we have seen for some time, in fact Sterling Dollar is now 8.5% down compared to the high of last year. So, if you need to sell US Dollars now could be a good time so please contact us today on 0800 328 5884.
In Europe more meetings are scheduled for President Sarkozy and Angela Merkel today but with the number of meetings between these two averaging at a meeting every 10 days there appears to be less anticipation on the results, it is almost becoming a case of “we have seen it all before”. On Thursday we see the interest rate decision for both the UK and Europe and as we remain at a 16 month high it may be worth securing your currency before this potentially volatile decisions. At Foreign Currency Direct plc we offer a number of contract types which includes limit and stop orders; these contracts mean clients can chose their best and worse case scenario and should the market reach those levels our systems will automatically buy the currency. These contracts mean that clients dont have to watch the markets 24/7 and should the market suddenly drop from the highs clients with a stop order will be protected while a short lived spike can present clients who have a limit in the system with good buying levels. If you would like a more detailed explanation of these and all the other contract types please do not hesitate to contact us today on our freephone number 0800 328 5884 or 0044 1494 725353 or email email@example.com