Currencies Brief – 21st August 2017

Currencies Direct, the UK based foreign exchange broker and hassle free international payment provider has reported that pound weakened with no economic data to offer. With two deadly terror attacks in spain, pound gained only against euro. Trump is seen as a major factor in dollar decline. The full article can be read in this link - https://www.currenciesdirect.com/en/news/currency-news/terror-attacks-in-spain-but-pound-remains-weak

"We are now back in the days of more political uncertainty which does leave more questions on the economic outlook so perhaps leading towards more uncertainty for the pound in the coming days," said Alexandra Russell-Oliver, a strategist at Caxton FX in London. The full article can be read in this link - https://in.reuters.com/article/uk-britain-sterling-idUSKCN1B10ST

Dollar edged up in early asian trading, Euro is steady against its major counterparts and speculators reduced the negative bets on US dollar reports reuters. The full article can be read in this link - https://in.reuters.com/article/usa-navy-crash-idINKCN1B1064

Brexit might influence pound fortunes this week. Strategists at HSBC Holdings Plc, including Daragh Maher, recommend selling the pound against the dollar at current levels. The full article can be read in this link - https://www.bloomberg.com/news/articles/2017-08-20/pound-vulnerable-as-u-k-prepares-to-provide-brexit-plan-details

Rupee opened higher against dollar on account of currency selling by banks and exporters. According to Angel Broking, USDINR spot is expected to appreciate. The full article can be read in this link –

http://economictimes.indiatimes.com/markets/forex/rupee-opens-8-paise-higher-against-dollar-at-64-07/articleshow/60152619.cms

www.xferisfree.com is an upcoming currencies comparison startup. Our mission is not only to help you find the best rates possible but also to provide you the relevant offers that would enable you to buy for less. We intend to provide you with shopping coupons of your favourite brands so that you get a value of more than the money that you paid as transfer charges - thereby making your transfers virtually free. And we would publish articles that would help one decide the best way to transfer money. We are an affiliate  of TransferWise, Xendpay, Azimo, Currencies Direct, Orbit Remit, and World Remit

Please support by using our services and spreading the word.

Thank you very much indeed!