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By Myles Birkett

Friday saw the release of US GDP figures, and as with many of their recent figures released, they were somewhat disappointing. Figures showed the American economy had grown but not at the rate experts had hoped. With this in mind, the concerns of the US slipping towards a double dip recession are becoming all to real, and as it is seen as a benchmark for the global economy the knock-on effects are bound to be seen on many currency pairs.

The FED chairman, Ben Bernanke, stated ‘unconventional’ policies were not overlooked and could be used to boost the US economy.

For more infomation on this data release and how it  will affect your transaction, please fill out the forms below to be contacted.

By James Matthews

The Dollar continues to fluctuate in 1.50s today pushing back towards the mid mark as it looks to head back toward the 1.60 mark this morning.

Whilst levels remain fairly volatile against the Pound this article will take a look ahead at the most important data ahead for the Dollar.

FRIDAY 26th AUGUST: This could potentially see a very radical change in GBP / USD rates with both UK and US GDP figures due out on this day. If one set of figures up whilst the other down then expect the currency pair to react accordingly. UK GDP is released at 9.30 followed by US at 13.30

if you’re looking at trading between this pair then why not look at a forward contract with one of our experienced dealers today on 01494 725353.

By Myles Birkett

With seven of the last eight recessions in the US being led to recovery via housing, it doesnt look like the same will follow in todays climate. The latest data leaving the USA, Homes Sales, showed that Month on Month figures were down 27% . A massive dissapointment adding to a long line of negative data releases for the Buck. With all of this infomation not falling favour to the dollar what better time to contact someone who can give you the infomation you need for a smooth transaction.

Fill out the form below to get in contact with someone who can help you with any currency requirements you may have.

By James Matthews

Two important data releases are due out today that could have a significant impact on the Dollar. Durable Goods are classed as goods that are planned to be in service for three years or more – automobiles and appliances for example. As these tend to be expensive items they are sensitive to the state of the economy and thus the orders for these products are a useful indicator as to the current state of the economy and inhabitants’ perspective of the economy. Any significant deviation from the predicted figures is likely to see a corresponding valuation of the Dollar.

Housing Sales are often the most linked industry to the economy as the price of Houses are the most significant purchases people make. Not only are House Sales sensitive to the economy but they can help to stimulate it, as a New House purchase often triggers other puchases such as appliances, for instance.

These figures are due for release at 13.00 and 15.30 respectively so get in touch with your currency broker on FREEPHONE 0800 328 5884 to make the most from your transfer.

By Myles Birkett

After much debate on how the Canadian Retail Figures would come out today, they have finally been released, with some immediate effect on the loonie. Figures released came out worse than expected proving, as some experts thought, a dip in the strength of the Canadian dollar. The figures showed peoples consumer confidence wasn’t what was predicted and this has been relayed in the slight dip of its strength.

Act now and fill out the enquiry form below to see how the figures released might be affecting your currency needs.