When buying or selling currency with us, your funds are held either in pooled client trust bank accounts, which meets the requirements set down by the FCA. Funds can be used to fulfil the contractual obligations...Read more
Weekly Forecast: 22nd Jan 2018
As expected Sterling had a good week across the board, dropping against only 1 of the top 20 major currencies and despite releasing poor retail sales figures for December.
It's a pretty quiet week data-wise for the Pound with Wednesday the only real day of interest. Wage growth has been falling behind inflation for a while now and needs to pick up, could this be the month of a string rise? Unemployment is expected to remain at record levels and £-€ rates could remain at current levels in the 1.13's.
All eyes will be on President Draghi Thursday and Governor Carney Friday, both speaking about their retrospective economies. Whilst the US government is still in shutdown after spending and funding issues. £-$ rates are very favourable at the moment and we may hit 1.40 this week if this carries on.
Today's report was brought to you by Excel Currencies
The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. The author(s) cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.