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new to forex but want to convert GBP to USD due to the prices falling, should I?
I'm new to this, I'm in the UK and the falling pound compared to the USD is brutal. I have a duel currency account and the best rate from a broker I can get is about 1.221 to 1.224 I have looked at multiple forcasts and they look like going to fall even more to the point of 1.06 USD to the pound in the near future. I know these forcasts are far from 100 percent accurate. But I often buy things from China and other nations that deal in USD mostly. I feel the pound is falling and I want some type of safe haven so my savings dontbfak so gardbas I'm planning to leave the UK for good in 2024 or 2025 Do you think the GBP has fallen enough already so it's not worth exchanging to USD or do you guys think it's still worth it. Thanks for helping a newbie
Myanmar c.bank orders firms with up to 35% foreign ownership to convert forex
This is the best tl;dr I could make, original reduced by 35%. (I'm a bot)
2 Min Read.July 18 - Myanmar's central bank has ordered companies with up to 35% foreign ownership to convert foreign exchange into the local currency, state media reported on Monday, extending a rule aimed at relieving pressure on the kyat to include more businesses. In April, the central bank exempted foreign entities from the new policy after the rule had triggered an outcry among business groups and residents. Under the latest rules, a list of Myanmar companies with up to 35% foreign ownership had been sent to foreign exchange dealers, who are required to convert currencies and submit the amount by 6 p.m. on Monday, the Global New Light of Myanmar reported, citing a central bank announcement. Foreign chambers of commerce were also not immediately available for comment. Myanmar's central bank has announced a series of measures aimed at relieving pressure on the kyat including ordering businesses to deposit foreign currency at local banks and exchanging them within one working day and instructing ministries and local governments not to use foreign currencies for domestic transactions. Local companies and banks have also been told to suspend and reschedule repayment of foreign loans.
Summary Source | FAQ | Feedback | Topkeywords: foreign#1bank#2Myanmar#3central#4rule#5 Post found in /worldnews. NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
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