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||% Change||Difference on £200,000|
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.
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.
From the initial contact with the broker, through my dealings with the compliance folk, the experience was the same, a great blend of efficiency and friendliness, plus I got a great rate, well done Matt and the team.
Matt and Jonathan were excellent and most professional. Through out I felt I was in good hands – they took time to explain everything to me and were very patient when I was experiencing some technical problem with my own bank.
Matt was very helpful and efficient, very good service.