October to December 2017 Currency Forecasts
The main aim of our quarterly currency forecasts is to highlight how important currency risk management can be to businesses with foreign currency exposure.
We have years of experience working in the foreign exchange industry and, if we have learned anything, it is that, despite what anybody might claim, nobody knows what is going to happen to any given currency pairing from one day to another.
The sad truth is there is no magic crystal ball to consult – we are often asked what is going to happen to the US dollar six months from now and we hold our hands up – we don’t know and neither does anybody else. At their best, currency forecasts can be considered useful guides to what could happen. At their worst, they are dangerous if you make a decision that is based on them.
It might strike you as ironic that inside our latest quarterly currency forecasts, we are essentially saying that they are not worth the paper they’re written on. However, while that statement is made with tongue firmly in cheek, it does help underline how they should be treated with caution. If the major banks can’t even decide on what is going to happen to a currency pairing over the next year, then what chance do the rest of us have?
We have revamped the document and have provided some detailed insight into some of the political and economic events that could influence currency movements over the next three months and beyond. In what direction is anybody’s guess, but it should provide you with some food for thought.
Inside you’ll find a summary of events in the last three months, what to look out for throughout the remainder of 2017, forecast charts, key focuses in the UK, Europe and US, major bank currency forecasts for the next 12 months, and some useful resources. Speaking of resources, why not head over to our Treasury Management White Paper page and download that?
We hope you enjoy reading it as much as we have enjoyed putting it together.
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