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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.
Anyone exchanging the Dollar could be in for a bumpy ride.
2 key pieces of data are out today.
First off the bat is preliminary GDP. Analysts are expecting quarterly growth of 2.4%.
The big one is the FED interest rate decision later which is closely followed by a press conference discussing the decision making.
No change is expected at 4.5%, but tensions remain between the FED Chair, Jerome Powell, and the US President around this topic.
Earlier in the afternoon there's also the Canadian interest rate decision. Again, no change is expected, but their base rate is already down to 2.75%.
Thursday is absolutely awash with scheduled news stories, so anyone wanting to remove risk from imminent currency exchange transactions might want to consider their position.
Throw into the mix breaking global news stories and it could be a good day to take risk off the table for currency conversions.
US: 13:30 Preliminary GDP Report
CAN: 14:45 BoC Interest Rate Decision
CAN: 15:30 BoC Press Conference
US: 19:00 FED Interest Rate Decision
US: 19:30 FED Press Conference
Thursday: News Throughout The Day
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.
