Visitors Now:
Total Visits:
Total Stories:
Profile image
By Pound Sterling Forecast (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

A window of opportunity for foreign currency buyers tomorrow (Dayle Littlejohn)

Wednesday, November 16, 2016 10:30
% of readers think this story is Fact. Add your two cents.

(Before It's News)

It has been well documented that Donald Trump’s appointment as President of the United States of America has given sterling a boost against most of the major currencies which is good news for foreign currency buyers. In addition, Unemployment numbers dropped today to a 11 year low to 4.8% (released by the office for National Statistics) providing further strength for the pound.

Retail sales is a measure of the total receipts of retail stores and is a key indicator to consumer spending. The monthly figure is set to rise by 0.4% and the yearly figure up by over 1%. If this is the case I expect the pound will spike further against most of the major currencies which provides a window of opportunity.

Longer term the UK’s Supreme Court decision in regards to Brexit, should continue to ask questions about the strength of the pound. It’s difficult to predict the Supreme Courts decision and how the UK will leave the EU, however the closer we get to the decision volatility will rise and therefore the gains we have seen could diminish. For foreign currency buyers before Christmas, in my opinion the spike in the market is worth taking advantage of.

If you are looking for a currency provider who can keep you up to date with exchange rate movement whilst being able to offer excellent exchange rates, feel free to email me Dayle Littlejohn drl@currencies.co.uk with the currency pair you are trading, the reason for your transfer and the timescales you are working to and I will respond with my forecast.

The type of clients I deal with on a day to day basis are high net individuals, property buyers/ sellers and business owners. In addition if you are already using a brokerage feel free to email me and we can compare exchange rates to make sure you are receiving the best rates possible drl@currencies.co.uk.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.