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Emerging Opportunities


Balloon enthusiasts rise early to catch beautiful sunrises - a bit like Heritage Pay Currency Dealers

Last weeks, the US and China both impose further tariffs on imports. However, concerns over trade and other downside risks to global growth are being swamped in a tsunami of robust data on the US economy. As a result, markets expectations are moving closer to the Fed’s view that rates will need to continue to rise until 2020. Markets are now pricing in two rate hikes for 2019, on top of the two that the Fed is expected to make in the next 2 months. This would take the rate up to 2.875%. Last year's market consensus was that US rates would stop around the 2% level!

Recent concerns have recently eased somewhat about emerging markets. However, as a specialist currency provider to Africa, we will keep watching closely the effect of rising US interest rates on emerging market currencies - especially over the next 2 years.

See you next week! To discuss how the above may affect you, please contact your Currency Dealer at Heritage Pay on +44 (0) 203 858 7274.


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+44(0)207 117 2934

128 City Rd, London, EC1V 2NX, United Kingdom

Heritage Pay Limited is registered in England and Wales - Company No. 11129859
©Heritage Pay Limited, 2018, All rights reserved..
For our terms, please visit: https://www.currencycloud.com/legal/terms/ 

For clients based in the European Economic Area, payment services for Heritage Pay Limited are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 - 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701).

For clients based in the United Kingdom and rest of the world, payment services for Heritage Pay Limited are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).

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