Tag Archives: summit
Pound Sterling Information – A good end to the week for GBP? What may the Jackson Hole summit bring?
The pound has had a mixed week again, gaining ground against the Dollar and the ‘riskier’ currencies such as the Australian Dollar, New Zealand Dollar and South African Rand yet finding it tough against the hard to knock down Euro.
With the once again increasing speculation of a fully blown Spanish bailout due to numerous areas within Spain needing assistance of late I would have thought the Euro would have experienced a tough week yet we have seen quite the opposite – Personally I feel there is no smoke without fire and there is an awful lot of smoke over Europe at present so there is certainly a storm brewing in my opinion and we could see problems come to light on a much larger scale than we have seen before in these next few weeks and months.
We also have the Jackson Hole meeting over the weekend which may throw up absolutely anything, it is a meeting of Central bankers, policy experts and academics and may lead to a movement from Central banks at some point in the future putting new measures in place together in an attempt to assist the markets in this global crisis. This kind of activity could lead to huge volatility so please be aware if you have a pending currency transaction to carry out you need to have a proactive and efficient currency broker on your side assisting you all the way.
For a free, no obligation full discussion of your options and more detailed forecast relevant to your particular situation feel free to email me directly on djw@currencies.co.uk
It is always worth a second opinion and I have never had any trouble getting my clients the very best rate and I offer an extremely efficient service.
Euro has a positive day against most majors – how long will it last?!
Euro strength following overnight release – confidence is back but for how long?!
by Daniel on Oct.27, 2011, under Economic Information, Euro Strength, Media Quotes, euro weakness
The Euro has had a fine day against most major currencies today after some details came out from the well followed European summit.
Essentially confidence has be installed once again but personally I feel this will be short lived as the problems are just so big when you look a little deeper into them.
Italy alone has so much to pay out next year that I have no doubt we could see things all come to a head once again without the next few months, and in my opinion these measures are purely delaying the inevitable……. At a great cost!
This could be a great opportunity for those selling Euros to buy another currency, if you do have a transaction like this to carry out then do feel free to contact me directly djw@currencies.co.uk and I will be more than happy to assist you with your requirement ensuring you get not only a great rate of exchange but also a high level of customer service too. I look forward to speaking with you.
European Summit… Latest news
No major news from the summit of all summits so far… the latest being that Merkel has now mentioned she is looking at progress during this one and not an end result – Looks like we may need another summit on the summit!
Leaders are just arriving now for the big one…. personally I would be surprised to see major releases tonight as I feel they do not have and will not have a final answer that will be anywhere near good enough for the markets however this certainly does not guarantee that they will surprise us.
If i had to stick my neck out and make a prediction then I feel they will partially announce information this evening and follow up with the real nitty gritty in the next few days.
This will however lead to a nervous market throughout the week, and this does not only effect the Euro but all currencies worldwide.
Global uncertainty leads to investors becoming wary on risk, this in turn can mean that they seek a safe haven, the Dollar in fact has strengthened by over a cent in the past hour which seems to me that people do expect a muddled announcement later and risk aversion to be high.
No major movements from the AUD and NZD so far, I think the next 48 hours is key no matter what currency requirement you may have so make sure you are alert and ready to act fast should you need to as a lot of money can be mde and lost in situations such as this, you can use tools such as limit orders, stop losses and forward contracts.
If you would like more information on how these work or have a pending currency transaction be it buying or selling the Pound then do feel free to contact me directly djw@currencies.co.uk and I will be more than happy to help.
European Debt Summit latest – Euro strengthens once again!Investors still seem content that everything is going in to this to save the Euro…
Personally I just cannot believe we continue to see the Euro gather strength, I have seen all sorts of comments today like the Eurozone is like a patient post a major operation and will still need intense help for the recovery along with 24 hour care… that was my favourite!
The general feeling right now is that investors are feeling comforted that everything including the kitchen sink has been thrown into a solution but my opinion is just what do they do next when this doesn’t work?.. surely they are completely up sh*t creek without a paddle and this whole thing is really going to blow up.
The Euro may hold firm in the short term due to Chinese buying, general investment and the halo that currently somehow is staying above it, however I feel we are now looking at Europe carrying out a major plate spinning excercise – sooner or later one of the plates will fall and we all know the Greeks love to smash plates!
If you have a pending transfer and really would like to know just what is happening and why, along with ensuring you get the very best rate of exchange you can for your transfer contact me directly djw@currencies.co.uk or call me during office hours on +44 (0)1494 787 462 I will be more than happy to help. Media quotes are also welcome just feel free to get in touch.
