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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
The next 2 weeks are critical to currency markets and pose a high degree of potential risk.
Interest rate decisions are the primary focus for banks and traders.
Australia, the US, the UK and Europe are all making major decisions before the end of next week.
Rate cuts are highly anticipated for both the States and here in the UK.
Therefore, as it's expected, it's already "priced into" exchange rates. In other words traders have already traded with the belief that a rate cut will occur.
It's when things go against expectations that high volatility occurs.
Certainly, here in the UK, there's a mixed bag of news moving markets. Is there a "black hole" in public finances....or isn't there?
Does the Bank of England need to cut rates to stimulate growth? Or does it need to keep rates where they are to try and curb inflation?
We will find out over the coming 2 weeks.
Here at Regency FX we can help mitigate risk if you have an upcoming currency conversion with the use of limit orders and forward contracts.
For more information on either of those options please give your dedicated account manager a call.
AUS: Tuesday 03:30 RBA Interest Rate Decision
US: Wednesday 19:00 FED Interest Rate Decision
UK: Friday 07:00 GDP Report
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.
