This USD report will examine the factors that could affect exchange rates in the coming weeks to help you stay informed if you need to make a currency transfer. The table below shows the difference you would have received when buying £200,000 at the high compared to the low for the past month.

Currency Pair% ChangeDifference on £200,000
GBP/USD2.7%$7,100

Whilst US defence secretary James Mattis continued to talk down the chance of all-out war over the weekend, it will not remove the deep lying fear amongst many investors. Any further aggressive moves by the US, or indeed any increase in nuclear testing by North Korea, could enhance the gravity of the situation, which would have detrimental knock on effects for global peace and indeed on-going stability on the currency markets.

Now is the time to remove any market uncertainty and protect your currency positions wherever possible.

Key economic data releases this week

Looking ahead and there are some key releases for those clients with a USD requirement to keep an eye on.

Tomorrow we have the latest set of Retail Sales figures, which are expected to show a marked improvement from last month. With a figure of 0.4% growth predicted, expect additional volatility of USD rates if the figure comes outside of this remit. This is followed by a host of inflation data, which again is expected to be higher than last months.

On Wednesday, the latest FOMC minutes are released and this will be viewed with interest by investors, as it gives the markets a key insight into the current economic & financial conditions inside the US economy.

The week finishes with jobless data on Thursday, so expect further movement in the USD’s value as we head towards the weekend.

Thank you for reading today’s market report, I would greatly appreciate any feedback you have and would take pleasure in replying personally. I am more than happy to assist you with any of your currency requirements. Feel free to e-mail me here.

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Exchange rates on this page are interbank rates and indicate where the market is trading to show the performance of a currency pair. They are not indicative of the rates which we offer. The information on this web site is provided free of charge for information purposes only. It does not constitute advice to any person on any matter. Foreign Currency Direct plc. ("FCD") makes every reasonable effort to ensure that this information is accurate and complete but assumes no responsibility for and gives no warranty with regard to the same.