Investment portfolio managers will need to buy protection against further U.S. Dollar weakness.
The British Pound just hit a three-year high against the Dollar.
Data shows the Dollar falls when shipping activity slumps.
The Pound to Dollar exchange rate receded from near six-month highs of late and could be set for a further minor fall over the coming days, ahead of a major lift, as graceful and new takes to the great "Caribbean Blue," bearing gifts for more than a few.
Horizon Currency Ltd
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Global Currency Exchange Network Ltd T/A GC Partners. Global Currency Exchange Network Ltd is authorised by the FCA under the Payment Services Regulations, 2017 (FRN: 504346). Registered as a Money Services Business, regulated by HM Revenue & Customs ("HMRC") under the Money Laundering Regulations 2017. (Registration number is 12137189). Registered in England and Wales. Company number 04675786. Registered Office 3rd Floor 100 New Bond Street, London, England, W1S 1SP.
Payment Services are provided by Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited are authorised by the Financial Conduct Authority to provide payment services (FRN: 671508).