Sterling continues to be resilient against major currencies, maintaining its strength against the euro yesterday and boosted early this morning with positive data (in the currency market’s view anyway) on inflation.
UK prices rose ahead of expectations to 0.6% year-on-year and 0.3% on the previous month. Figures for the Eurozone come out later this morning so it will be interesting to see the relative numbers. There is also a speech from the governor of the Bank of England Andrew Bailey that the markets will be keeping a close eye on.
Do keep your trader’s number handy in case there is a further spike in sterling today, that’s worth securing for the year ahead, 020 8108 5337.
Speaking of your trader, the success of Smart (we have just been nominated for another award, alongside Barclays and HSBC) is based on service, but also on the huge value of having a named trader. That person will stick with you from first registering for an account right through to purchasing your property, moving abroad or whatever you have planned.
The other benefit is that if you then recommend that trader to a friend or colleague who needs a service-oriented currency and payments specialist, that is the trader they will get. You can do that here whether they are an individual or a business with currency exposure.
It’s been a bleak week in many ways, so helping friends out has never been more important.
