Festive Lull on the Markets but still opportunities

29 December, 2014

Rob Bastin

The next few days offer next to nothing as far as data in concerned with the exception of some Consumer Confidence figures for the US tomorrow at 3pm. Thursday is of course another bank holiday before 2015 kick starts on Friday with UK announcements to lead the way. The usual raft of PMI figures will begin with Manufacturing at 9:30am on Friday alongside Net Lending to Individuals. Manufacturing PMI will also take focus in the afternoon for the US at 3pm.

In the meantime Currency Index will be here with opening hours until 1pm for the remainder of this year so that any late transfers of payments can still be made to your accounts. More importantly anyone with property completions in the new year can still take advantage of the extremely good Euro rates that currently sit less than a cent off the best exchange rate since 2008 and with many potential pitfalls and downside risks in the new year, the next few days could be a great opportunity to forward fix your exchange rate with as little as 5% deposit. Many other currencies are also at peak levels with the Australian Dollar and Japanese Yen both also trading within 1% of the best rates since 2008. Cable exchange rates are the only ones really suffering but this looks set to continue getting worse in the new year before improving.

From everyone at Currency Index we hope you have all had a fantastic Xmas and we look forward to speaking with you all very soon!