Apr01
The potential impact of today’s political and economical data on the currency market
By Alex Ellis
Sterling exchange rates have hit a positive run this morning as German retail sales were released much worse than expected. Germany is seen as one of the major economies in the Euro zone and therefore typically if data is released worse than expected this affects Euro exchange rates.
Although tomorrow is Good Friday it is not a bank holiday in every country; the U.S. non-farm payroll data will be released tomorrow and in the past this has caused volatility on the currency market. For those looking to buy dollars use Currency Line to contact an experienced foreign currency brokerage who can outline your options in order to maximise your savings and minimise your risk.
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