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Prime Minister’s Questions today to give hints at Pound to Euro and Pound to Dollar’s next move (Joshua Privett)

Wednesday, March 22, 2017 1:57
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(Before It's News)

Pound to Euro and Pound to Dollar exchange rates have been on quite a positive trend since last Thursday, and how Theresa May handles and approaches her final grilling in the House of Commons before the triggering of Article 50 next week, will provide useful signposts for how the Pound will continue trending.

Inflation data yesterday which increased the likelihood of an interest rate hike in the UK in the near future provided an economic argument for a boost in Sterling value against the likes of the Euro and the various Dollars, but we are now firmly moving forward in the realm of politics once more.

The Pound has suffered on occasion over the past few weeks with the two delays in the triggering of Article 50. Initially it was to avoid triggering this before the SNP Conference two weekends ago to avoid adding fuel to the fire. Secondly it was a tactful delay given that the anniversary of the Eurozone was last weekend.

So markets are not necessarily worried about the triggering of Article 50 itself, but rather the setting.

Will SNP members during PMQ’s today push May into a corner as we saw a few weeks ago, or will she do enough to win the public argument to avoid another Referendum?

Given that the market is so fluid and so much decision on currency investment and therefore exchange rate movement is based on conjecture, a premium will be put on being up-to-date with current forecasts and being able to move quickly, whether selling or buying Sterling, should the opportunity arise.

If you are planning to make a currency exchange involving the Pound and another foreign currency, it’s well worth your time getting in contact with me on  [email protected]  in order to ensure you make a well informed decision on when to make that particular transfer, as well as benefiting from highly competitive exchange rates from one of the UK’s leading foreign currency brokerages. Just provide me with a basic outline of your currency requirement and I will be back in touch with you as soon as possible.

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Source: http://www.poundsterlingforecast.com/2017/03/22/prime-ministers-questions-today-to-give-hints-at-pound-to-euro-and-pound-to-dollars-next-move-joshua-privett/

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  • You can’t really buy too much on these hints, as we have seen how unpredictable the market can be, so rather focus on the moment instead of imagining it too early. I do it all fabulously well through help of OctaFX broker. They are amazing with having wide range of benefits from small spreads at 0.1 pips to high leverage up to 1.500, stop out level of just 15% while there is superb cash back too where I get 50% on all trades even if they are lost.

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