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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.
On Wednesday the FED is expected to to keep the US interest rate at 3.75%.
This is expected to be followed by the Bank of England doing the same on Thursday.
Up until 2 weeks ago cuts at both central banks were nailed on.
The Reserve Bank of Australia actually hiked rates overnight.
Inflation, previously believed to be under control, is seen as the catalyst and firmly back in the spotlight.
Not only are oil prices soaring, but a lesser known commodity is equally problematic.
Urea, the main ingredient in commercial fertiliser, is primarily produced in the Middle East.
At time of writing it's estimated that over 500,000 metric tonnes is sat on hold in the Straits of Hormuz due to the Iran conflict.
The impact on global agriculture could be vast without a swift resolution to the blockade holding freight up.
With all that in mind, interest rate decisions are one of the strongest causes of volatility in exchange rates.
Whilst hikes, holds and cuts are priced in based on expectation, any variance to what's anticipated could have profound effects on what's acheived in a currency exchange.
We would encourage anyone wanting to de-risk to speak to their Account Manager as soon as possible to talk through options for imminent or future conversions.
US: Wednesday 18:00 FED Interest Rate Decision
UK: Thursday 12:00 BoE Interest Rate Decision
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.
