GBP/USD - Both currencies are weakening but USD is weakening faster. If you are exporting and being paid in USD - now might be a good time to ocnsider locking in a forward contract price. This will ensure your profit is protected.
GBP/EUR - Euro seems to be finding some strength as Eurozone debt issues lessen. Things brings to an end a run of form for GBP but looking at the recent bank of England minutes I would be surpised if Euro held its ground against GBP. So if you are importing in EUR dont rush to buy EUR at this price - but if your are Exporting this may be a good opportunity to lock in some GBP at this price. This was not expected to happen so take advanatge.
Posted in Daily Market News on May 30 2014
The US Fed kept interest rates on hold last night but some details in their statement were picked up by investors as being negative for the USD. The Fed said that the recovery was “likely to be modest in the near term” which was to be expected.VIEW FULL ARTICLE
Posted in Daily Market News on Sep 22 2010 by admin