Market insights

Pound Strength Versus AED

The Pound has gained 10% versus the Emirati Dirham since the start of the year.

This is a strong move overall where currencies tend to only fluctuate with a percent or two.

In real terms this means every £100k converted results in £10k extra of AED since January of this year which is significant.

It does look like the fizz is coming off the rate now, so it could be a good time to get any exchanges done.

Outside of this it's a slow start to the week for scheduled news.

However expect a US China trade deal to be announced before the end of the week.

Business news covers the US EU trade deal in detail which has bolstered the Dollar.

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Economic calendar

UK: Tuesday 00:01 BRC Shop Price Index

AUS: Wednesday 02:30 Inflation Report

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

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