|
Daily Market Report | Currency insight from Excel Currencies |
| |
|
| Written by Dan Waterman December 4th 2024 |
|
Will he, won't he? French Prime Minister faces a no-confidence vote..
|
| So judgement day is here for France and the Euro. After a snap election was called in June and an outcome that produced greater instability, we once again pay attention to political uncertainty in Europe's second biggest economy.
The Euro has lost 1% of its value so far since the shenanigans began a week ago and it could be about to witness some further loss. Michel Barnier is expected to lose the vote, which would mean his resignation and a back to square one scenario for France.
IF, Barnier manages to win, we will see the Euro's fortunes change for the short term at least. But we expect GBP v EUR to test 2024's high point and possibly beyond, because uncertainty and instability brings nervousness amongst investors and this will weigh on the single currency.
With plenty of EU & US data still due out this week, expect daily volatility in all financial markets once the France result has been finalized. .
|
|
Expected mid-market ranges for December 4th 2024 | | |
|
On this day - | In 1619, colonists from England celebrate the first Thanksgiving in America
In 1791, Britain's 'The Observer' is first published, the oldest Sunday newspaper in the world
In 1829, Britain outlaws "Suttee" in India
In 1918, US President Woodrow Wilson sails for Versailles Peace Conference in France
|
|
|
| Open an account | No credit checks are required and it takes just 2-minutes to register. It is free to set up, maintain and close and there is no-obligation to trade with us.
|
| | | | How we keep your funds safe | Let us answer and explain the most important question you should be thinking when considering using a company like us to transfer your money abroad.
|
| | Why choose us? | Read what sets us apart in the industry, how we take a different approach to overseas payments & why we should be your choice.
|
| | Hedging | A key component to our offering is risk management of your funds. Here we explain some important products you should be considering when moving a large sum abroad.
|
|
|
How we can help | Since 2004, we have been helping customers move their money overseas safely, quickly and at a preferable rate of exchange. Whether your requirements are purchasing a dream property abroad or your business is paying suppliers for products, we can help.
We are the exclusive currency partner to many well established real estate agencies and solicitors worldwide and we consult a varied customer base who have large requirements for foreign exchange. | Our team of experienced currency consultants will save you an enormous amount of time and money, by getting to know you, your requirements and your risk appetite. Your dedicated account manager will be there to offer you expert guidance to ensure your money goes further. | Get in touch with us today for a personal service that you won't get anywhere else on 01322 221 121 or email us at info@excelcurrencies.com |
|
Referral Rewards | Referrals are the lifeblood of our business. Good reviews are our metric for success. We are driven by making a difference in peoples lives when it comes to overseas payments and if you know anyone that could benefit from our service, please let us know here.. | We have some great rewards to offer | | |
|