FindCurrency.com

By ASP

The Bank of Japan, Bank of England, Reserve Bank of Australia and the European Central Bank are all releasing there interest rate decisions next week which is obviously going to cause huge market volatility. We offer a huge range of contract options that are designed to help to minimise your exposure to the currency markets. To find out what options would suit you best please contact me on asp@currencies.co.uk.

By ASP

The US has been seen as the safe haven over the past few weeks and any data coming out of the US currently is having a great effect on the market, however GDP data is one of the biggest market movers regardless of the economic time so no mater what currency you’re looking to buy/sell today please ensure you keep an eye out for this release. U.S Q2 GDP Annualised figures are expected to show growth of 1.2% but any deviation from this figure is likely to cuase significant market movment for all major currencies. I personally feel that the Dollar has more space to move towards the 1.60 mark so i would expect a positive day for GBP clients looking to buy USD.

To ensure you are using the best market tools to minimise your exposure to these volatile markets please contact me on asp@currencies.co.uk

By ASP

In the last week speculation and breaking news have caused suprising swings in the currency markets. The Euro weakened against Sterling earliest this week after Eurozone officials played down the opinion that the aggresive plans were emerging to help deal with the Greece debt crisis that is impending. This news moved markets by over 1% however the concern is still there for people buying Euro.

Especially when a member of the MPC (monetary policy comittee), Ben Broadbent, fuelled the view that another round of Quantative Easing is on the horizon. His exact statement was “the economy would not have to weaken much more to warrant more stimulus”. With the interest rate decision next week and all eyes focused on the Euro rescue plans it is once again setting up to be very unerving times for people witha currency requirement.

To ensure you don’t draw the short straw when approaching your currency requirement please contact me on asp@currencies.co.uk and i will allocate you an account manager who can explain the different contract options available to you to help minimise your exposure.

By ASP

In early morning trading yesterday the pound slipped slightly after Ben Broadbent a member of the Monetary Policy Comitee suggested the weak global economy should take the pressure off the UK’s current high rate of inflation. He also said that Sterling was likely to remain weak for sometime and he was very close to voting for another round of QE at the last meeting. This is a clear inidicator QE could recommence as early as next week and if not i’d expect to see it implemented by November/December. If you have any upcoming needs for foreign currency i’d strongly advise taking advantage of the current rates available as they may not be around for long.

If you don’t have the full funds available for a 10% deposit you can place a forward contract to lock your rate of exchange for up to 2 years! This can be a great way to avert your risk in what are very volatile markets currently. To ensure you get the best rate of exchange please call me – Adam Peddie – on 0044 1494 725 353, alternatively you can e-mail me on asp@currencies.co.uk.

By ASP

Some people would argue we are already in a second credit crunch with all of the recent movements on the stock and currency markets and I don’t think it could argue with them. Christine Lagarde (MD of the International Monetary Fund) has said that the path to recovery is now “steeper and narrower” than any other time in the last 3 years. This kind of comment is clearly translated into uncertainty and unpredictability on the markets with currencies rates like the GBP/USD fluctuating by over 7% in the last month. If you had been spending £200K and buying USD over the last month the difference you would have seen at the high compared with the low was a massive $21,804.

To ensure you mimise your exposure to what are very volatile markets currently please get in touch with me at asp@currencies.co.uk to be allocated one of our industry leading currency brokers.