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By ASP

On Thursday 10th November the Bank of England will release their interest rate decision. This is also the time they would announce any further quantative easing if any. Last montht the BoE kept interest rates on hold at 0.5% and i would expect them to do the same this week, equally i wouldn’t expect further Quantative Easing following last months £75bn program. However in recent months we have seen many unexpected data releases and if you have any currency to buy currently it may be worth taking advantage of market order to mitigate any on-going risk you have.

By ASP

Today will see the release of the Federal Reserve Interest Rate Decision. Current rates are at 0.25% and although it isn’t expected to change, the uncertainty in the Eurozone may cause a change in plans and any rate hike would cause market volatility.

To be kept up to date on how data releases can affect your currency requirements please register for an account manager here or e-mail me at asp@currencies.co.uk

By ASP

The Eurozone problems re-emerged last night following the Greek prime minister George Papandreou’s decision to put the EU rescue package in the hands of Greece by calling a referendum. Analysts have agreed that this could send the Euro into some serious problems as the Greek austerity measures are seen as a key aspect of the whole eurozone rescue plan.

With all of the protests in Greece it seems inevitable the long awaited rescue package could all fall apart at the last hurdle however no clear date for the referendum has been giving so buying oppourtunites could be limited.

By ASP

The Bank of Japan intervened on the currency markets today in an attempt to weaken the well supported Yen. The Yen has weakened by 2.10% on the pound at the time of writing which is obviously great news for the Japanese export trade with companies like Cannon making gains on the stock market in early trading.

This kind of central bank intervention is generally frowned upon by the market as it raises fear and uncertainty and i feel it is likely we will see a lot of USD strength throughout today as investors look for that “safe haven” currency.

To ensure you’re using the best contract option available to you for your currency needs please contact me on asp@currencies.co.uk

By ASP

Following the last minute deal at the EU summit on Wednesday currency markets shifted throughout Thursday. This ammount of movement is a clear indicator that investors risk appetite has been restored with over a 2.38% change on GBP/AUD rates. Expect continued volatility over the next few trading sessions with a particular focus on the first week of November as their are a substantial ammount of data releases which always cause volatility.