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By Pound Sterling Forecast (Reporter)
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Sterling continues to Fall- 3yr low against the Euro – 31yr low against the Dollar (Daniel Johnson)

Tuesday, October 4, 2016 9:33
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Record Lows for the Pound – When should I trade?

Theresa May announced on Sunday that Article 50 would be invoked by the end of March 2017 and the markets reacted with the pound falling considerably against the majority of major currencies. It is going to be difficult for Stirling to start a rally with significant momentum considering the uncertainty surrounding trade negotiations.

Despite many analysts predicting 1.10 on GBP/EUR and further falls against the Dollar. I am not overly pessimistic, I feel the UK’s economy has a strong backbone and Sterling will recover. The question is when?

If we look at the Euro, it has some serious underlying problems. Draghi, the head of the ECB has thrown the kitchen sink at the Eurozones’ problems with inflation and it has had little if any impact. Throw into the mix Italian bad loans to the tune of €360bn, Greece’s Debt crisis, Deutsche Bank and the threat of further referendums from other EU countries and there is the strong possibility of Euro weakness over the next twelve months.

Looking at the Dollar, the main threat is Trump. If he gains power we could see the green back weaken considerably. He has threatened to limit trade with China which, without exaggeration could wipe trillions off  US GDP. His stance on immigration has a already caused the Mexican Peso to drop by 10%.

Simply put, in current market conditions it is more difficult than ever to know when to perform your trade. It is vital to have an experienced broker on board. There are contract options available that can be utilised in order to try and maximise your return. We will also attempt to time your trade by using spike notification while at the same time protecting your position with a Stop/Loss. If you would like me to help lease do not hesitate to get in touch by e-mailing me directly at


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