Will Sterling Recover? (Daniel Johnson)

The Brexit vote saw Sterling plummet in value. Economists predicted further drops in the pounds value when UK data filtered through. It was surprising to see a lot of the figures come in above expectations, Sterling rallied as a result. It seems the attitude of the British to keep calm and carry on is coming to halt as data released this month has mainly been negative, particularly retail sales and we have seen Sterling again start to fall.

Although I feel the pound may weaken short term, I do think Sterling will recover against the New Zealand Dollar but it will be a slow recovery. Trade negotiations post -brexit  will be long and arduous so do not expect 2.20 anytime soon.

If  you have a currency requirement it is crucial to be in touch with an experienced broker. The timing of your trade is vital during such volatile  times, If you have an experienced broker on board he/she can keep you up to date with what is happening in the market to help you make an informed decision. Should you find our information useful and you would like me to assist with your trade I will be happy to help you personally. If you inform me of the the currency pair you are trading, volume and time scale and I will provide a free trading strategy to suit your needs. I work for one of the top brokerages in the country and as such I am in a position to better virtually every competitors rate of exchange. You would also be looking at saving anything up to 4% in comparison to high street banks. Please do get in touch by contacting me at [email protected]. Thank you for reading my blog.