Buying Euro and Dollar rates showing concerning signs (Joshua Privett)
The Pound reached new lows on Friday for buying Euro rates, and the Dollar is testing some of the more extreme lows reach the Friday before-hand on the result of the Referendum.
Whilst the result of the Referendum marks a change in policy years down the line, the implications in financial markets have been felt acutely already. With the Pound experiencing its record falls, the future of the houseing market being questioned, and stock markets showing an utter lack of stability, the Bank of England have been forced to intervene.
In a speech on Thursday, Mark Carney, the Governor of the BoE, heavily hinted that a new round of quantitative easing and an interest rate cut may be necessary to protect the economy during this tumultuous time. Both of these policies are guaranteed to translate into Pound weakness, causing buying rates on Euros and Dollars.
QE is essentially a sophisticated form of printing money. Money is pumped into financial markets through bond purchases in order to stimulate growth. Simply put, the Pound loses value due to the increased supply in circulation, which is why markets immediately began to price in this devaluation of the Pound.
Interest rate cuts are more self-explanatory. The are a confirmation of poor economic performance to come, and demand for the Pound will be lower if investors can get greater returns elsewhere (a reason why the Australian Dollar has strengthened so heavily this past week of trading).
The interest rate decision and monetary policy statement comes out on July 14th. Markets, however, do tend to move ahead of events, which is why buying Euro and Dollar rates took a heavy hit before trading wound to a halt on Friday afternoon for the weekend.
Whilst there is a delayed fuse on this shift in monetary policy, the lack of certainty around the trajectory of a Brexit until a new leader is chosen will mean that the Pound will struggle to find traction on the currency markets.
I strongly recommend that anyone with a Euro or Dollar buying requirement should reach out to me on [email protected] to discuss the options open to you through a currency exchange specialist to limit your exposure to a volatile arena and make the most of what this market has to offer.
I have never had an issue beating the rates of exchange offered elsewhere, and these current buying levels can be fixed in place for a future purchase in order to avoid the uncertainty around a Brexit affecting your buying opportunities further down the line – effecively pre-booking your currency.
Source: http://www.poundsterlingforecast.com/2016/07/03/buying-euro-and-dollar-rates-showing-concerning-signs-joshua-privett/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
Things are really unstable and that’s where we got to be very crucial with how we go about everything. I always trade with careful approach and it helps me a lot to do it through OctaFX broker with their rebate program where I am able to earn 15 dollars profits per lot size trade and that’s even through the losing one’s too, so that’s why all this is ever so handy and useful for me and allows me to be comfortable with everything and I am able to enjoy making profits.