Login

Market Comment - 7th March 2022

Posted by Andy DyerMarch 7, 2022

Good morning,

All eyes continue to be on the Russian invasion of Ukraine. As the conflict enters its 11th day there is further escalation in sanctions as both Visa and Mastercard cease operations in Russia with American Express to follow.

The ongoing conflict is pushing the price of oil ever higher with a barrel now at 13 year highs of $123.

Outside of this global news story the fx markets remain reasonably calm although the stock market in London is taking a bit of a battering.

The Pound remains strong versus the Euro but the Dollar is heavily favoured by traders at the moment so the Pound is looking increasingly weak over the pond.

As ever we look forward to keeping you in the loop and look out for our next update.

Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.

Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.

Today’s Economic Calendar

EUR: 09:30 Sentix Investor Confidence

© 2022. RegencyFX Ltd. All rights reserved. *Third party fees may apply.

Payment services for RegencyFX Ltd are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: The Steward Building 1st Floor, 12 Steward Street London E1 6FQ.

The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199). In the US Currency Cloud operates in partnership with CFSB. CFSB fully owns the bank program and services are provided by The Currency Cloud Inc.

Currency Pairs, Approved Jurisdictions and Non-Permitted Activity

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram