Dec17
Currency Market Update
By Alex Ellis
Today’s currency market sees the pound continue to rise as levels push the highest we have seen for over a month. This is as good a time as any to purchase some Euros, and as this current spike has lasted for a few days now, the general consensus is that it will reach a peak and then fall back down to the levels we have come to expect. In order to take advantage of these positive exchange rates, be sure to contact a currency specialist who can guide you through the process.
Meanwhile the Dollar has lost strength as levels have fallen back down to levels experienced over the majority of last week. This is on the back of the news that the U.S. has decided to hold interest rates at 0.25% as well as reiterating that they plan to keep them low for an extended period. This is seen as a negative for the US economy as it means that investors will look elsewhere.
Archived in: British Pound, Euro, US Dollar









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