{"id":476,"date":"2011-01-04T10:57:41","date_gmt":"2011-01-04T10:57:41","guid":{"rendered":"http:\/\/www.mycurrencytransfer.com\/blog\/?p=476"},"modified":"2011-01-04T10:57:42","modified_gmt":"2011-01-04T10:57:42","slug":"rational-fx-vat-increase-means-up-to-an-extra-600yr-in-taxes-for-families-04012011","status":"publish","type":"post","link":"https:\/\/www.mycurrencytransfer.com\/blog\/rational-fx-vat-increase-means-up-to-an-extra-600yr-in-taxes-for-families-04012011\/","title":{"rendered":"Rational FX: VAT increase means up to an extra \u00a3600\/yr in taxes for families [04\/01\/2011]"},"content":{"rendered":"<div><span style=\"color: #666666; font-family: Arial;\"><span style=\"color: #666666;\"><\/p>\n<div>Happy New Year to all!<\/div>\n<p><\/p>\n<div>With the VAT increase coming into play at midnight last night we will begin to see the effects it will have on the UK\u2019s economy over the next few weeks, with families earning \u00a370k PA combined income being the most highly affected with up to \u00a3600 extra to pay per year in taxes. The argument really is, will this help an already fragile or are there likely to be more causalities with small businesses looking likely to be hit hard.<\/div>\n<p><strong>Yesterday\u2019s Market Movers<\/strong><\/p>\n<ul>\n<li> There was no data out from the UK yesterday due to a public bank holiday.<\/li>\n<li>In the euro zone we had data realised from German purchasing manager index for December, these figures came in at 60.7 these figures had little impact on the euro due to the quiet period of the year.<\/li>\n<li>In the United States we had 2 pieces of data firstly in the way of construction spending which came in at 0.4%, followed by ISM which saw a slight increase of 0.4% to 57.0 this also had little movement on the market due to thin trading at this point.<\/li>\n<\/ul>\n<p><strong>Today\u2019s Market Movers<\/strong><\/p>\n<ul>\n<li>Today Europe see\u2019s the German unemployment data released. These figures are looking to come out at -12k from -9k which is a slight drop. The euro zone will watch this data closely as it will go some way to represent the health of the largest economy in Europe.<\/li>\n<li>In the UK today we have M4 money, this is a measure of sterling in circulation in the UK this is considered as indicator of inflation.<\/li>\n<li>Also out in the UK are mortgage approvals these are looking to come in slightly higher at 47,000 which shows a healthy housing market and sterling positive.<\/li>\n<li>There are two pieces of information from the United States firstly coming in the of Factory orders these are looking to come in at -0.1% is key piece of information which gives an insight to inflation and growth in the US.<\/li>\n<li>Secondly we have the FOMC minutes, these meetings that review economic and financial conditions in the US. These are a clear guide to future interest rates and are closely watched by policy makers<\/li>\n<\/ul>\n<p><\/span><\/span><\/div>\n<p><span style=\"color: #666666; font-family: Arial;\"><span style=\"color: #666666;\"> <\/span><\/span><\/p>\n<div><span style=\"color: #666666; font-family: Arial;\"> <\/span><\/div>\n<div>\n<table style=\"border-collapse: collapse;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\" width=\"40%\" bordercolor=\"#000000\">\n<tbody>\n<tr>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> <\/span><span style=\"color: #666666; font-family: Arial;\">Currencies<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> High<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> Low<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> Support<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> Resistance<\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> GBP\/EUR<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\">1.1707<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.1568\u00a0<br \/><\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\">1.1600<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\">1.1710<\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> GBP\/USD<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.5586<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.5433<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.5350<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\">1.5560<\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> EUR\/USD<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.3396<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.3251<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.3300<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\">1.3460<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div><span style=\"color: #666666; font-family: Arial;\"> <\/span><\/div>\n<div><span style=\"color: #666666; font-family: Arial;\"><span style=\"font-family: Arial;\">We wish you a very nice day.<\/p>\n<div><a title=\"Request a FREE no obligation quote from RationalFX\" href=\"http:\/\/www.rationalfx.com\/\">The RationalFX Team<\/a><\/div>\n<p><\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Happy New Year to all! With the VAT increase coming into play at midnight last night we will begin to see the effects it will have on the UK\u2019s economy over the next few weeks, with families earning \u00a370k PA combined income being the most highly affected with up to \u00a3600 extra to pay per year in taxes. The argument [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,27,24],"tags":[52],"_links":{"self":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/476"}],"collection":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/comments?post=476"}],"version-history":[{"count":1,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/476\/revisions"}],"predecessor-version":[{"id":477,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/476\/revisions\/477"}],"wp:attachment":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/media?parent=476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/categories?post=476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/tags?post=476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}