Unicorn Ingredients, a leading British supplier of ingredients for the bakery and specialist breads markets has confirmed its latest range of seeds meets growing market demand for gluten-free products as well as ongoing demand for products that are nutritionally beneficial.
The main item being talked about at present is the inevitable interest rate hike in the USA, and this has been the cause of the recent realignment of Sterling to a 7week low. The triggering of article 50, must occur within the next 3 weeks, so how low can the pound go, or is this fully factored into the current rates?
The ‘Trump effect’ is having a very positive impact on the US dollar at present, as the executive orders do appear to, at least in the short term, provide a stimulus to the US economy and the Dow has responded in a corresponding manner. However, we are at the beginning of the ‘honeymoon’ and the USA is now downgraded by the Economist Intelligence Unit, to a ‘flawed democracy’ with declining trust and increasing inequality, leading to populist politicians …
We’re exhibiting at IFE 2017 (The International Food & Drink Event) at ExCel London from 19-22 March, where we will be showcasing our seed and grain range. Come and visit us at stand N1420.
2017 starts with much focus on developments in the USA, firstly the Fed reserve’s minutes indicate they are prepared to raise interest rates, three times in 2017, and faster than market players anticipated, this undoubtedly supports the dollar. The other will be the emerging fiscal policy of President elect Trump!
US Dollar strength has pretty much dominated the last month, and with data continuing in a positive tone from the USA, it seems an absolute dead cert that the Fed will raise interest rates in the states in December as planned. In the UK, the Autumn statement was well received, despite a significant gap in the public finances, but encouraged by plans to invest in UK infrastructure, and a settling of sentiment that ‘life after Brexit’ will continue!
Sterling down 4% again this past month against both € and $, is for our UK clients masking some favourable market movements. The Eurozone is bolstered by the roaring economy of Germany, that continues to support the zone, whilst the divergence from other countries challenges ECB policy and complicates the EU way forward …
Unicorn Ingredients Ltd are please to advise we have sponsored a young South African girl, Cornelia Kruger, to follow her dreams and take advantage of the Deanne McCrae Memorial Scholarship for 2016, awarded through The International Society of Rider Biomechanics in Lexington Kentucky. The course has its foundations set in sport science. Mrs. McCrae was […]
Brexit continues to be the over-riding sentiment impacting Sterling exchange rates at present. Will there be further interest cuts, what about more QE? Will it be a hard Brexit, impacting the financial services sector, or a softer more accommodating agreement?
Another month where all three primary currencies are basically at the same place they started the last couple of months at. There have been reasonably fluctuations, or trading range, within the month, but fundamentally we are in a stable phase at these levels post Brexit. From a UK perspective, all await information on how the economy has performed in the weeks since the referendum.