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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.
We're still a month away from the UK Budget, and news stories are already moving currency markets.
Todays story was the OBR forecasting a 0.3% drop in UK productivity.
To put that into context, that's predicted to mean a further £20 billion required by the Government in the budget!
Whilst the official OBR forecast comes out at the same time as the budget on 26th November, this has caused the Pound to start the day in poor shape.
Expect more and more of this in the next month.
There are options to mitigate future risk including actual conversion, limit orders and forward contracts.
Your dedicated account manager at Regency FX is always on hand to talk through these options with you.
In the near term there's plenty of other news for the rest of the week to shake things up.
And it's all about interest rate decisions.
Canada, the US, Japan, and Europe are all making their decisions this week.
Canada and the US are expected to shave 25 points off each of their base rates whilst Japan and the Eurozone are expected to stick at their current rates.
Any decisions outside of those expectations could have far reaching repercussions to currency markets.
CAN: Wednesday 13:45 BoC Interest Rate Decision
US: Wednesday 18:00 FED Interest Rate Decision
JPN: Thursday BoJ Interest Rate Decision
EUR: Thursday 13:15 ECB 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.
