FindCurrency.com

By ASP

Last time a hurricane hit the US we saw violent market volatility as oil prices soared however this time around it seems the hurricane hasn’t had quite the same effect. By many standards hurricane Irene could have been much worse but oil prices aren’t the only thing to cause market volatility. The real fall out of the hurricane will become apparent over the next few weeks however initial cost estimates have come in at $10-12 billion. This is obviously an astronomical figure and could cause spikes in the market over the next few weeks. To ensure you maximise the potential of market currently please get in touch with me at asp@currencies.co.uk to discuss the different contract types available to you.

By ASP

Unlike the Eurozone, US and UK, things are looking good for Australia. Their interest rates are 4.25% higher than the UKs and expectations for data being released this week are better than expected. Retail sales and Private Capital Expenditure are expected to be higher MoM and you wouldn’t be wrong to think that the recovery the GBP has been making against the AUD is only a short term thing.

For advice on how this Australian Dollar strength could affect your upcoming currency needs please contact me on asp@currencies.co.uk.

By ASP

The CBI Distributive Trades Survey released by the Confederation of British Industry has shown a reading 4% lower than expected at -14%. This survey can generally be used to show the confidence of consumers within the UK and with UK GDP figures being released tomorrow, it is setting up to be an extremely volatile day.

To ensure you receive the best rate of exchange please call for Adam Peddie on 0044 1494 725 353.

By ASP

This Friday will see the release of the US growth figures with Ben Bernanke making a press conference stragith after. With poor new home sales figures released yesterday it is looking likely that growth will be lower than expected.

If this is the case it is likely Ben Bernanke will have to at least broach the subject of quantative easing which would probably cause quite substantial USD weakness. If you have any upcoming requirements this week please get in touch with me at asp@currencies.co.uk to discuss the options available to you.

By ASP

With all the uncertainty and volatility on the foreign exchange market currently what better way to put your mind at rest than holding your exchage rate for up to 2 years! For a small deposit you can secure a forward contract that will ensure you’re cost base is consistent.

For more information on how to make the most out of your currency requirement please contact me on asp@currencies.co.uk or register via www.currencies.co.uk/register and select my name – Adam Peddie – from the drop down “select the dealer” menu.