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When will Spain be bailed out and how will this affect Euro Exchange rates?
It is highly likely that Spain will soon make a request for a bailout. No longer a question of ‘if’ but ‘when’ and I think we could see it occur this month. The wide ranging potential effects are likely to be Euro positive. If we look to history the bailing out of both Greece and Portugal gave the Euro strength. It is the unertainty of answers to the when and if questions which has caused Euro weakness in the last week.
If you are considering buying or selling Euros the Spanish bailout is the big event which is likely to move your exchange rate. If you are holding out hoping for some extra movement in your favour get in touch with me today to ensure you don’t suffer if the market takes an unexpected turn. Don’t be scared, but do be prepared…
This week there is lots of data to move Euro exchange rates with a number of economic data releases due on the UK, European and American economies. As well as waiting for an answer to the Spanish bailout question I would highlight the interest rate decision meetings on Thursday by the ECB and Bank of England plus the US Non Farm Payroll decision Friday.
Key to getting the best exchange rate is an understanding of what is driving the exchange rate as well as planning and managing your exposure to the inherent risk in the currency markets. To speak with a specialist about all of your options and preferential commercial exchange rates please feel free to speak with me Jonny directly on 01494 787 478 or email [email protected]
In my role as a specialist currency broker I have been assisting private and corporate clients moving money internationally for many years. As well as the blogs I have spoken at Emigration Seminars and been featured in numerous online and print publications. I look forward to hearing from you, thank you.
2012-10-02 21:40:55
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