Home » Currency Note » Currency Note » Economics takes centre stage

Chinese Manufacturing PMI data slipped below 50 and back into contraction for the first time in over two years and sent equities into a tailspin on the first day of the New Year. This continued the volatility that had been a feature of December.

There was also some rhetoric from Xi Jinping on the trade talks. Despite saying that agreement was in the best interests of both countries, he also suggested that China would not forego anything that was important, casting further doubt on President Trump’s claims that ‘big progress’ was being made. Trump has been notably quiet tweeting about his influence on stock markets since they turned lower.

In the UK we started the year with the usual unwelcome hike in rail fares, even more ironic given the appalling performance of many operators in 2018. Chris Grayling, currently the Transport Secretary, once again sidestepped responsibility blaming the increase on pay rises.

We will also see PMIs through the week, though it looks that FTSE has already taken its lead from international markets and headed lower. All quiet on the Brexit front for the moment, but be prepared for the noise to pick back up next week once Parliament reconvenes.

No-one knows exactly what’s going to happen over the coming months, so do make sure to protect your budget against volatility by locking in the exchange rate with a forward contract. Speak to your Personal Trader on 020 7898 0541 to find out more.

Find out how we can help you

Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.

Protect against risk

Avoid losing money and protect against currencies moving against you.

Dedicated trader

Dedicated currency trader working with you to get the best value for your money.

Secure and efficient transfers

Secure, quick and efficient transfers. Authorised by the FCA.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Keep up to date

Get regular, jargon-free currency market updates delivered directly to your inbox.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Refer a friend or business

Recommend our services to your friends, family or colleagues and earn great rewards.

You have Successfully Subscribed!