Buying Euro, Dollar and Australian Dollar exchange rates saw large rises yesterday, providing a breath of fresh air for anyone who had been watching market rates recently and been disappointed at the stagnant nature for Pound exchange rates over the past two weeks.
Much of the discussion which is boosting the Pound across the board is centered around increased global risk – seen from heightened tensions in American foreign policy, directed at the Middle-East and North Korea.
The Australian Dollar’s value has been harmed the most by recent events, as riskier currencies such as the AUD (risky due to their low volume in global circulation and high dependence on commodity prices) being sold off heavily in this current climate – which has run parallel with a massive improvement in gold’s value.
However, the phrase ‘it’s all relative’ comes to mind. The current situation for the UK and the Brexit is no-longer forefront in the mind of investors, and with the current escalation in tensions between the US and Russia over the Syrian conflict, and with slowing employment growth in the US, it seems some of the negative atmosphere in global currency trading has shifted away from the Pound. Creating opportunities and with expectations that more may manifest as we wait to hear how negotiations with Russia go over the next dew days.
If you are planning to make a currency exchange involving the Pound and a foreign currency, it’s well worth your time getting in contact with me on email@example.com in order to ensure you make a well informed decision on when to make that particular transfer, as well as benefiting from highly competitive exchange rates from one of the UK’s leading foreign currency brokerages. Just provide me with a basic outline of your currency requirement and I will be back in touch with you as soon as possible.
I have never had an issue beating the rates of exchange on offer elsewhere, so a brief conversation could save you thousands on a prospective transfer.
In an evolving political situation, a premium is put on being in touch with market movements on a continual basis, and this is part of my role here as a trader to keep my clients informed of opportunities and any sharp or gradual changes in currency trends.