Privalgo’s 24-hour promise. By your side through the US Election.
The Value in volatility. A helping hand in times of turmoil.
Today’s world is a very confusing place. Pandemics, deaths, Elections and negotiations, just to name few of the trials and tribulations that we all have to deal with in 2020. Information is fluid and like a wave changes its shape on a daily basis. The assistance of an expert is paramount in navigating through these murky waters.
The US election is probably, by far, one of the most talked about events around the world. Biden or Trump? The President of the most powerful country on earth is about to be democratically elected into office and the implications and ramifications are endless, the value of currency is at the top of the list. With far-reaching impacts, the next few days could change the world’s course of events for at least the next four years.
AS A RESULT
Privalgo expects there to be incredible volatility over the next 24 hours, which is why our offices will be open through the night to assist you with any questions or trades that you may have. Our team of experts will be on hand to help you understand the changes in currency movements and how they may affect you.
Volatility mixed with uncertainty, misinformation and a dash of propaganda results in a chaotic mess. This is where the use of a guide becomes an absolute necessity.
Historically speaking, fluctuations in foreign exchange currencies are directly linked to current affairs. Changes in social and economic events have a direct impact on the strength of one currency over another.
2015 Greek debt Crisis:
January 5th GBP:EURO = 1.2779 – March 11th GBP:EURO = 1.4154 = +10.75% Movement.
2015 China emerges as the world’s largest economy:
January 1st GBP:USD = 1.5545 – December 31st GBP:USD = 1.4739 = -5.5% Movement.
Brexit Vote, June 23rd, 2016:
June 14th GBP:USD = 1.4117 – June 23rd GBP:USD = 1.4879 = +5.17% Movement.
June 23rd GBP:USD = 1.4879 – June 27th GBP:USD = 1.3219 = -12.56% Movement.
June 21st GBP:EURO = 1.3030 – July 7th GBP:EURO = 1.1669 = -10.44% Movement
2016 US Election, November 8th, 2016.
November 8th GBP:USD = 1.2381 – November 11th GBP:USD =1.2602 = +1.76% Movement.
November 11th GBP:USD = 1.2602 -November 18th GBP:USD = 1.2346 = -2.03% Movement.
2019 UK Election, December 12th, 2019.
December 2nd GBP:EURO =1.1678 – December 13th GBP:EURO = 1.1984 = +2.62% Movement.
2020 COVID-19 Pandemic, March 11th, 2020.
March 9th GBP:USD = 1.3133 – March 19th GBP:USD = 1.1487 = -12.53% Movement.
Historical movements in currency markets can show an indication as to volatility that may be expected over the coming weeks. Let Privalgo guide you through these turbulent times, with a catalogue of products, a wealth of expertise and a commitment to customer service.
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We are authorised by the Financial Conduct Authority (FCA) as an electronic Money Institution under the Electronic Money Regulations (2011). Our FCA Firm Reference number is 900887