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U.S Federal Reserve announce QE3 and that interest rates will stay low until at least mid 2015
The Dollar has lost strength against most major currencies this evening following the decision from the Fed to announce Quantitative Easing once again leading to a great buying chance for those looking to buy Dollars or indeed Dirhams in the near term.
The Pound also found that sinking feeling against most other majors as it is widely felt that when the U.S sneezes the U.K catches a cold so this does suggest that we may see further QE further down the line for the U.K and that interest rates will not be creeping up for a while – A hike in interest rates is generally seen as positive for the currency concerned as it makes the currency more attractive to investors.
To be kept fully up to date with Sterling exchange rates and for a great analysis of your particular currency needs contact me directly by emailing [email protected] and I shall be happy to help you.
2012-09-13 15:00:29
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