Forex focus_ should i buy or sell us dollars now_ – telegraph europe market futures

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As Charles Purdy of Smart Currency Exchange ( smartcurrencyexchange.com) said: “The timing of increases in UK interest rates continues to be unknown, with early 2016 being ever more likely.

“But we are starting to see uncertainty from the US as well, about when US interest rates will be raised and how quickly future increases will happen. European stock market futures Two reasons for this: falling inflation as energy costs collapsed and US exports being hurt by the strong dollar.”

Still investors flock to the safe-haven provided by the dollar. Usd stock Edward Knox of Caxton FX ( caxtonfx.com) explained: “This will continue to bolster the dollar price so long as the Greek debt debacle continues to cast a long shadow over the eurozone and the geo-political concerns in Syria and Russia-Ukraine


march on unabated.”

Trevor Charsley at AFEX ( afex.com) said: “The closer we get to the UK election the more uncertainty will be priced into the pound, pushing it lower against the dollar.

“After the election, if Labour/SNP forms a government the downward trend for sterling will be back in force. 1111 binary Even with a Conservative victory the market will ask when the referendum on UK membership of the European Union will take place. Is the futures market open This will provide more uncertainty, something that neither markets nor investors like.”

“If you’re more of a gambler and can hold off buying, you could just buy some of the dollars you need now, and hope that the rate moves higher in the weeks ahead to buy the remainder.

“Overall, we view the current exchange rate as favourable still for those wanting to convert dollars into pounds as its better than could be achieved during the whole of 2014.”

Josh Ferry Woodard of TorFX ( torfx.com) also came down on the side of buying dollars now. Euro 2016 today match He said: “Sterling is currently trading close to its highest level so far this year against the dollar, making it a fairly good time to buy dollars with pounds.

“However, it is worth bearing in mind that the exchange rate is currently around 17 cents lower than it was at it’s highpoint in June last year, so there is scope for further sterling gains if BoE rate hike bets accelerate over the next few months.”

David Lamb from FEXCO ( fexco.com) was definite, saying: “It is important for any Brit to know that we are currently sitting at the best levels to purchase US dollars since the beginning of the year. Bloomberg stock futures market It’s also worth knowing that the pound is anticipated to deteriorate over the course of this year.”

For those earning in dollars and wanting pounds, he added: “Considering that we are still within the best prices since August 2013, now is a good time to change up into sterling.”

“Hang on for lower levels. Yahoo futures indices Lots of uncertainty around the globe means that people buy dollars for safety. Cad usd exchange rate The US will raise interest rates before the UK as well, so all in all that means a lower £/$ rate to come.”

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