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FOMC Minutes show a split decision on rate hikes (Daniel Wright)
The latest set of Federal Reserve minutes from the last interest rate decision released this evening have actually shown that even the Fed are currently torn on when to raise interest rates.
An interest rate hike or more the timing of the interest rate hike has been key to the strength of the Dollar over the past few months with many major analysts expecting to see a hike this summer.
Now that it appears that the members of the Fed are actually quite split you would imagine that the Dollar may actually gain strength but at present it is still the best of the three majors.
With numerous problems within the Eurozone and a pending tight election for the U.K expected to hold Sterling back the Dollar is still well and truly holding ground.
Personally I expect this to continue however depending on the result of the election there is a high chance of a Sterling fight back should there be no major changes in terms of Government for the U.K.
If you have the need to exchange any currency in the coming days, weeks or months then it is key to have a proactive and efficient currency broker on your side for it. The company we work for has won awards both for our exchange rates and customer service so even if you are already set up with a broker it may be well worth you getting in touch with me directly and should save you money.
You can email me (Daniel Wright) on [email protected] with a brief description of what you are looking to do and I will be more than happy to contact you personally. I look forward to hearing from you.
Source: http://www.poundsterlingforecast.com/2015/04/08/fomc-minutes-show-a-split-decision-on-rate-hikes-daniel-wright/
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