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When Parliament votes on the Brexit deal on the 11th December, its decision will cause instant reaction across the currency markets. Whether tha reaction is good bad or ugly will depend on your position, but whichever way it goes it should be the stabilising finish to the Brexit process.
With markets sitting on uncertainty it means many investors are making huge bets about what way currencies will go. Whilst these choppy waters continue, it will be a rather turbulent time for anyone buying or selling currency. The trick to buying and selling at the right time is….there is no trick. You have to try to foresee events and reach a general conclusion about what way the wind is blowing rather than analyse every tiny detail of world events.
It is very rare that markets will shift so significantly to cause you massive gains or losses in the short term and so you should continue to buy and sell when it is necessary for you. You can be a little up or a little down, but usually it will remain roughly level within a 24 hour period.
The key is to watch for those events on the horizon that history tells you will make an impact. The Brexit debate on the 11th is one of those events.
So on the 11th keep your eyes and ears on the event itself, don’t wait and see what’s happened on the 10 o’clock news that night because by then it’ll be too late.
- COG customers help raise over £2000 for charity
Currency Online Group customers have now helped raise over £2,000 for Love Support Unite’s sustainable farming relief program which helps provide and secure food for a whole family for LIFE.
Thanks to their generosity, four families will benefit this year from LSU’s fantastic scheme. By providing education, tools, seeds and added support, those families will have everything needed to be able to farm and grow their own food. As well practical help, each family is taught the business skills required to sell surplus crops for cash, which will generate enough to buy more seeds, cover school fees and pay back the £500 micro loan within 24 months. This will go straight to another family in need who can then begin to support themselves. In 6 years each £500 raised will help lift families out of the cycle of poverty and will help positively impact communities in Malawi.
A HUGE THANK YOU TO ALL THOSE THAT DONATED SO FARE
This initial £2000 raised by COG’s brilliant customers will provide 12 families with food security for life.
We aim to continue to raise money and help as many families as possible, with this level of kind donations from COG customers.
Customers of COG can donate via an opt-in donation box on our website. You can donate from as little as £1 up to £10 when placing your order (example below) or via this just giving link https://www.justgiving.com/fundraising/currency-online-group
To find out more about the sustainable farming relief program see the link below:
Love Support Unite (LSU) was started in 2014 by Alice and Nina Pulford, following their experience of working with Tilinanu Orphanage in Malawi, a refuge provided by the Mkwandaire family for the most vulnerable children in the community. The 34 girls have lived there ever since and are fast becoming caring, clever and charismatic members of the community.
LSU works to lift communities out of the cycle of poverty and into a cycle of sustainability by integrating education, enterprise, nutrition and health through community-based projects that use sustainable infrastructure and resources. These projects help to create self-sufficiency and therefore food security, in turn breaking the reliance on aid throughout Malawi. The model incorporates the United Nations Global Goals for Sustainable Development.
LSU has given more than 8,000 people sustainable resources and learning opportunities through 8 projects that have expanded across 8 areas surrounding Lilongwe including a Medical Outreach, Adult Literacy classes, a Mother-Baby Wellbeing course, Tilinanu Vocational Centre, and Sustainable Famine Relief.
Director James Colvin is a proud trustee of LSU and has seen first-hand how the charity positively impacts the lives of many people in communities in Malawi. James will be visiting the projects and communities in Malawi this October and will share updates with COG customers.
To find out more about LSU or to make a donation please go to: http://lovesupportunite.org/