The Pound has had a fairly good start to the day today and is slightly up against the Euro, Australian Dollar, New Zealand Dollar and Swiss Franc.
Concerns over China are still impacting the market on a large scale as I had predicted back in early December. I felt that the Chinese problem had been swept under the carpet for the time being to get the festive period out of the way and then would more than likely come back with a bang however I didn’t think it would be quite this early in the year.
Due to this, the markets will remain shaky and you can be sure to expect quite a lot of market volatility for all major currencies which makes this a very tough period to predict.
The Dollar appears to be the main beneficiary of the current issues and the Antipodean currencies (AUD, NZD) are starting to feel the pinch as China has such a large impact on both of their economies.
I personally feel there is still a lot more to come from this and also I do not feel that the European problems are out of the way as of yet and they too will a their turn in the headlines at some point during the year.
If you are exchanging currency in the coming days, weeks or months for a property purchase or for your business then it is imperative you not only have a currency broker on your side, but that you have a proactive one that lets you know exactly what is going on and explains the various different contract types you can use to help maximise your funds or minimise your costs.
If you follow this site regularly or even if you have just stumbled across us then we have been around for over 5 years now and all writers on here work for a brokerage that has been around for almost 16 years and turns over half a billion Pounds worth of currency a year, so we have access to fantastic rates of exchange for all of our clients.
Should you wish to discuss your personally requirement in more detail with me (Daniel Wright) personally then please do feel free to contact me by email on [email protected] with a brief description of what you need to do and the timescales you are working to and I will be happy to reply rapidly. You can also call me during U.K office hours on 01494 787 478 – Please ensure you ask for Daniel Wright.