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By ASP

Tomorrow we will see the release of the Bank of England interest rate decision and the European Central Bank interest rate decision. We are expected to see another round of QE from the BoE soon and should this happen it is highly likely to be Sterling negative however with regards to the BoE interest rate I would expect it to remain at 0.5%.

The ECB currently have an interest rate set at 1.5% however their are talks of a revision to 1.25% which may cause investors to move their money to currencies with higher exchange rates therefore causing Euro weakness.

To find out the contract options we have available to help minimise your currency exposure please contact me on 01494 725 353.

By ASP

The UK Gross Domestic Product (GDP) figures are being released today at 9:30 for the second quarter. The figures are predicted to stay at 0.7% growth however should there be any deviation from this it is likely to cause Sterling volatility.

A lot of institutions like the Bank of England have recently downgraded the UK growth outlook which makes me more inclined to predict we could see worse than expected GDP figures. If this was the case it will almost certainly cause Sterling weakness as investors are looking for indicators on the European Central Bank and the Bank of England interest rate decisions on Thursday.

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.