We hope you're well.
It’s a great time to transfer dollars as Sterling climbed back above 1.40 against the US dollar this morning, with investors worried about the US’s long-term increased fiscal and current-account deficits fuelling another round of dollar selling.
Already under pressure from a US Treasury department seemingly keen to see the dollar weak to support domestic exports, the dollar is being further burdened by The White House’s commitment to both huge spending on infrastructure and a $1.5trn tax cut.
Coupled with increasing confidence for global growth this year and a buying preference for other currencies (the euro is back close to its 3-year high vs. the USD), forecasters are expecting the dollar to remain under pressure.
To find out more about moneycorp and how to sign up to the programme click here
moneycorp Affiliate Team
moneycorp is a trading name of TTT Moneycorp Ltd which is authorised and regulated by the Financial Conduct Authority for the provision of payment services. All customer funds are safeguarded in segregated client bank accounts.