| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Cameron vs Miliband – Exchange Rate Forecast – ( Andrew Bromley )
Euro buyers had a shock window of opportunity yesterday evening, with that window still currently slightly open…
After poor UK export data this week analysts have predicted an artificial weakening of the Pound, in order to kick-start sales of goods to our Eurozone counterparts. As the Euro has been the weakest major currency and our key trading partner – we’ve suffered as a result. Mark Carney (Governor of the Bank of England) is in Frankfurt this morning, discussing all things debt. Although no surprises have surfaced, Carney has mentioned that he thinks the next Interest rate move will be an increase, strengthening the Pound.
I personally would be inclined to take advantage of this spike, as the short to medium term future for the Pound looks bleak. Cameron vs Miliband last night shows a genuine start to the political timeline, with the pound expected to start falling shortly. Parliament breaks for the Election from next week so expect the slander to begin!
The US Dollar has had a very rocky past week, as speculation is still rife for both a summer and autumn interest rate hike! Janet Yellen (Chair of the US Federal Reserve) indicated that an April rate hike wouldn’t happen, however couldn’t rule out a hike in June. I personally think that the overwhelming direction for the Dollar is positive – good news for Dollar sellers!
If you’d like to take advantage of the current market positions, even if you don’t have full funds available now, I can help! Booking your exchange rate for say a property purchase in the future can be a very wise thing to do, as the last thing you want is for the market to crash and you can’t afford the house! Feel free to contact me on 01494 787 478 or email me directly [email protected]
Source: http://www.poundsterlingforecast.com/2015/03/27/cameron-vs-miliband-exchange-rate-forecast-andrew-bromley/
