Sterling still in a Precarious Position despite Encouraging Unemployment Figures (Daniel Johnson)

This morning saw the release of UK unemployment figures which came in better than expected but has done little to bolster Sterling against the majority of major currency pairings. There are several significant factors causing the Pounds weakness. the pending EU referendum, the Chinese slow down and worrying inflation levels hindering any possibility of a rate hike.  The question is could things get worse? Personally having evaluated the situation in great detail if I was a CHF seller I would probably look at take advantage of current trading levels. All these attributing factors have pushed Sterling to 12 month lows against both the Euro and the Greenback and quite frankly I don’t things can get much worse. I wouldn’t procrastinate in the hope of small gains.

keep a very close eye on the markets in order to maximise my client’s trade and of late my predictions have proved reliable.I will be happy to assist with your currency requirements and will  guarantee to beat any competitors rate. There are consistent large trades going through today which potentially I can tag new clients on to in order to gain a very competitive rate.  If you have a currency requirement I would  recommend getting in touch by calling 01494 787 478 or e-mail me directly at [email protected] .Thank you for reading my blog it is greatly appreciated I look forward to hearing from you.