Currency Online Group Waterloo Location has relocated as of 30th September 2024 - Please place your order and follow the instructions for collection.
Currency Online Group Waterloo Location has relocated as of 30th September 2024 - Please place your order and follow the instructions for collection.
Currency Online Group foreign exchange market update
Some of the UK’s largest Banks including Lloyds and Barclays
have now forecast a rally in the Pound through 2017, they expect the recently
oversold currency to retrace and improve against a basket of currencies.
The British pound has slightly edged off of recent lows
against the Euro and US Dollar, aided by UK services, PMI data and some large
Forex trading house taking profit. As we expected here at Currency Online
Group, the Great British Pound is set to avoid parity versus the EURO. Much
speculation has been cast due to the UK’s Brexit decision however, it is clear
from yesterdays strong UK construction data that the pound is hugely
undervalued and we fully expect it to strengthen in 2017.
Currency Online Group: Innovative Foreign exchange experts
in global Forex markets and analytical currency market specialists, at the
forefront of deliverable foreign exchange fintech market trends.
The Chinese stock market
crash in the
summer of 2015 also raised concerns about the slowdown in the country’s
economy, but it remains a fast-growing market. With Chinese visitors expected to
double spending from Chinese visitors to £1bn by 2020, said they were already
among the highest spenders – ringing up £2,688 a head. Chinese visitors already
account for almost a quarter of tourist spending in the UK.
Higher incomes have allowed millions of Chinese to start taking holidays
outside their country. The World Tourism Organisation estimates 100 million
Chinese will leave their country on holiday this year. While Asian countries
make up the top five destinations, France, Italy Switzerland and Germany are
also in the top 10.
As the ongoing Brexit issue wades on investors are still
nervy which is being reflected in the movement of the Pound.
With the help of Currency Online Group and its certified
FOREX partners, you can rest assured that these types of volatile market
movements are never going to catch you out. We specialise in assisting each and
every one of our clients and ensure we place them with one, or all of the
partners depending on their specific demands and needs.
International Money Transfers tends to be the enquiry we
receive the most, as so many of our clients trust in our expert FOREX knowledge
to bring them closer to the live market exchange rates and ensure they always
receive the best market price. Currency Online Group can not only help you with
market updates and technical analysis, we also specialise in forecasting and
hedging your future currency purchases so that you are always buying above your
cost price!
Forward contracts are also a very useful FOREX tool that we
can assist you with. By taking Currency Online Groups expert market advice and
using forward purchasing contracts in the correct manner, our clients have
gained hugely in these uncertain and unprecedented times. With our advice and
the advice of our superb foreign exchange partners, most of our clients have
already taken out forward contracts before the pound began to decrease in value
and are now reaping the rewards of seeking expert financial advice within the
FOREX market.
For help with forward buying, 0% forward contracts, hedging,
market analytics, hedging future exposure and complete FOREX advice; Contact
Currency Online Group and the specialist currency team here. We offer
FOREXcellent rates and have FOREX partners who have been helping customers with
currency for hundreds of years combined.