The four factors that affect the strength of a currency are economic stability, political certainty, acts of terror and acts of god so there are always surprises popping up on the markets.
Couple this with the fact that there is data due to be released for numerous other currencies with the key data being for the Dollar today and these releases will also have an effect on how many Dollars you can buy for your Gtreat British Pounds!
Inflationary data and retail sales data from accross the pond is released over lunchtime and later on this evening the Federal Reserve also have the beige book – an overview of American economic activity and policies previously and going forward.
Overnight the U.K Consumer Confidence is released at 00:01am so if you have upcoming requirements you need to be sharp and in a position to act quickly in order to maximise your return.
To ensure you are in the best position to do this, you should consider setting up a free no obligation trading facility with me at the company I work for – Foreign Currency Direct, I can then be a second pair of eyes on the market for you and although I cannot advise I can give you updates and my personal opinion based on market knowledge.
This is a brief summary of todays report. Click here to read the full report on our main website
If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me
Have a great day and thanks for reading!
I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
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