There is an alphabet soup of data this week, with GDP and PMI, dire warnings from the IMF and interest rate decisions from the BoE, ECB and FOMC.
To make sense of it all, why not download our new quarterly forecast? Or call your trader on 020 7898 0541.
The big event this week is the interest rate decisions, however, which will undoubtedly move exchange rates over the next day and a half. To fix today’s rate and avoid a potentially sharp loss in the value of the currency you hold, give us a call.
January’s end – to much relief – and February’s start has been welcomed, in the UK, at least with the biggest strike day in over a decade and arguments on how bad a state the UK economy is really in, if at all, on the third anniversary of Brexit.
The pound remains in a curious position, with no clear direction against the euro for several months (but certainly stronger than the start of January), but around 2-3% stronger against the US dollar.
It’s a bit of a cliché to say that these are uncertain times – when are they not? – but it does sum up the situation. Economies are teetering on the edge of recession, inflation looks to be falling and then doesn’t, central banks may be in control or may not.
February can divide opinion. Either you hate the fact that winter is dragging on, or love the first signs of spring appearing. But either way we find that it’s the time that people firm up their plans to buy a property abroad, or start getting seriously excited about a retirement in the spring.
To get going with your own plans, why not register for the free, online international property event we sponsor – Your Overseas Home. You’ll get answers to all your international property, currency, visa, tax and other questions there, including some advice on when to retire, if moving abroad, which can have expensive tax implications. It’s on Saturday 25th March and you can register here.
In the meantime, with interest rate decisions looming, you have the opportunity to be proactive and sort out your currency today.
