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Sterling is likely to fall next week, have you made plans for the future?
Sterling economic data has been very poor lately except for the Unemployment data. GDP and Inflation have both been falling for the UK which paints a very worrying picture of the state of the UK in the next few months. Normally if one data set is poor (particularly an important one like GDP) the other data releases that feed off it are poor too. I think it likely the Bank of England will pick up on this too and as such any moves for sterling are likely to be much lower in the future.
If you are considering any currency transfers in the future understanding the market is key to getting the best deal. The current sterling rates on offer are very impressive compared to the kind of levels we have had for the last few years, just expecting the rates to keep on rising could easily lead to disappointment. On balance I think if you have any currency to buy with sterling moving sooner rather than later is sensible!
If you are planning on any currency exchanges in the future or there is anything potentially I can help with please let me know by emailing [email protected]
Source: http://www.poundsterlingforecast.com/2015/10/30/sterling-is-likely-to-fall-next-week-have-you-made-plans-for-the-future/
To be honest I don’t plan too far instead I prefer to keep things straight forward, as that is what will help us get better results. I can be pretty aggressive with things given I have rebate program to work with and that’s provided by OctaFX broker, as they give me 15 dollars profits per lot size trade and that includes the losing trades as well, so even if I don’t have plan I can still make it pretty big due to such high level of freedom.