Election Imminent

Yesterday Jeremy Corbyn has backed the idea to have a general election on the 12^th of December.  Why this seems likely Still lots of uncertainty especially with the possibility of so many different outcomes. This has meant the rate has moved over half a cent within a couple of hours and is now strongest it has been since May. While this is a very positive outcome still the chance the rate could start fall depending on the ongoing uncertainty with Brexit. We have also seen the Value of House prices rise by 0.2% although this didn’t have much of an impact on the currency it is a positive for the UK economy and with talk of that percentage on the rise could be very sensitive for the pound going forward. Not a lot of other stats to talk about simply with the main focus being on Brexit.

Today at 8:55 we will see the Eco stats for Germany unemployment rates which is expect to be around 5% with anything over that could have a Positive effect to GBP- EUR. As well as this other European data at 10:00 including Business climate good result will have a positive effect on the euro and anything others will weaken it. some important USD data coming out at 12:00 elsewhere Canada will have an interest rate decision at 14;00. And to round it off US interest rate decision will be 18:00.

With the rate being the best in 5 months do keep close contact with your dedicated currency consultant to see how you can benefit from the improving rate in this uncertain time.