At present, confidence in the U.K and indeed the Pound is slightly higher than it has been over the second half of the year but still reasonably low compared to other major world economies.
Carry trading is also playing a major part in the markets of late as well - this Particularly effects the Australian Dollar, New Zealand Dollar and South African Rand strength.
Carry trading is where an investor will borrow funds in a currency with a low interest rate (Japanese Yen,Dollar and British Pound) And then invest them in a currency with a much higher interest rate (Australian Dollar, New Zealand Dollar and South African Rand) - The investor then gets a higher return on their funds.
When confidence in the global markets becomes shakey investors tend to unwind their carry trades and pull the funds back into perceived 'safer havens' hence these currency pairings tend to move slightly differently than others from time to time.
For an insight in to what is due out next week and how it may effect any upcoming currency transfers you may have then do feel free to get in touch with me directly on the email or contact number at the top of this page.
THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website
If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.
Have a great day and thanks for reading!
Daniel Wright
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