The potential for more US interest rate hikes next year has strengthened the position of the US Dollar, but with Brexit and the European elections still at play, exchange rates could remain volatile in 2017.
With Donald Trump’s win in the US Presidential election and the High Court’s ruling on Brexit resulting in Pound strength, and the markets seemingly governed by politics rather than economic trends, further surprises are certainly not out of the question.
Brexit uncertainty continues to weaken the Pound and with little plans from Government, further losses could be on the horizon. Whilst this could continue for some time, political events in Europe and the US could present opportunities for those selling Sterling.
The Pound has begun September well with the first two days of trading recording three cent gains against the Euro, two cent gains against the US Dollar, and three cent gains against the Australian Dollar. The following article looks at what to expect from the Pound this month.
Pound Sterling finds stability in the wake of Brexit, but what implications does this have for the global economy? The following article looks at GBPEUR, GBPUSD and GBPAUD exchange rates over the coming days and weeks, highlighting any potential events that could impact your buying or selling requirements.
As the dust begins to settle on a post-Brexit Britain, what impact will it have on exchange rates? This article looks at factors that may impact Sterling, the US Dollar and Australian Dollar.
The US election is fast approaching and clients are asking what the implications for the US Dollar may be. This report discusses the potential outcomes of the election and their possible impact on the FED’s rate hike promise.
We have now entered into the final full month before the EU Referendum. I have so far been surprised by how much faith has been put in the polls, the value of the Pound is showing clear correlations to the jostling for position between the Remain and Leave camps and a potential Brexit.
The Pound has started to show signs of life recently, with gains against the Euro and the US Dollar. Whilst this change has been largely due to positive news on UK inflation, currency exchange rates are still being governed mostly by politics, with economics taking a back-seat.
Unsurprisingly one of the questions I have been asked most frequently in recent weeks is how the run-up to the EU Referendum will affect Sterling exchange rates, and what a Brexit might mean for the value of the Pound.