Sterling not feeling the festive spirit in the lead up to Christmas (Daniel Wright)
The Pound does not appear to be too jolly in the lead up the Christmas showing slight losses against most major currencies so far this week.
We have a few key economic data releases in the next few days and with slightly thinner trading levels during this time of year you can see larger swings than normal off the back of normal economic data.
For anyone that has a currently requirement coming up in the next few weeks you must be aware that leaving a position open over the festive season can be a risky strategy, especially if you are not going to be fully available to watch the markets or transfer funds should there be a big movement in your favour or against you.
Public sector net borrowing figures have been released this morning for the U.K were a little worse than expectations and we also have Consumer Confidence figures out overnight tonight and GDP (Growth) figures on Friday morning.
This is not to forget that we also have the on-going and well publicised Brexit talks and the pending Supreme Court decision on article 50 which will no doubt lead to a large market movement. Expectations on the result of this decision are for early in January but as 2017 has shown us surprises can pop up and things do get leaked so do not be surprised if the market starts to move on rumours well in advance of this coming out.
All in all this year has been fairly jam packed with big political and Economic information which we hope we have kept you fully up to date with. If you carry out currency exchanges through your bank or a broker at present and you find our market information useful then why not give us a try. We do not only pride ourselves on providing up to date and non-biased market information but we also offer fantastic rates of exchange and a high level of customer service at the brokerage we work for too.
Pound Sterling Forecast has been running for 7 years and the brokerage we work for has been running for 17 years so we have a wealth of experience in assisting clients with currency exchanges so will be more than happy to help.
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