Personal Currency Transfer

Need to make large currency payments over £5000

Exchange Business Money

Set up re-occurring payments for your business

Bank Exchange Rates

High street banks Vs Currency Brokers

Top 10 Currency Brokers

Secure, Safe and transfer free over £5000

are we seeing the possibility of a nuclear exchange

Published on 14 August 2017 in News - Pages by Raffick Marday

Three things worked in the dollar's favour, helping it to strengthen by a cent against the euro and by a cent and a half against sterling. The first two were employment-related US statistics. Friday's figure for the monthly change in nonfarm payrolls showed 29k more people in work than analysts had predicted and Tuesday's "JOLTS" barometer of job openings showed a jump in the number of vacancies. Although neither statistic was massive, they were good enough to encourage investors to reduce their short positions.

The third factor was the escalating war of inflammatory words between the unpredictable leaders of North Korea and the United States. With the possibility of a nuclear exchange growing less inconceivable by the day investors were inclined to seek the safety of safe-haven currencies. The Swiss franc and the yen top that list but it also includes the euro and, ironically, the US dollar.

To find out how these currency movements can affect your transfers please contact moneycorp on +44(0)20 7589 3000 quoting ‘Bank Exchange Rates'. Alternatively start making transfers today by clicking here to open a free no obligation account.

Recent Posts

»

Leave a comment

Bank Currency Calculator

GBP Flag

1 = 1.17730

Euro Flag

1 = 1.17730

Change Currencies View Providers