Donations to Charitable Institutions

Momentum Ventures, a venture capitalist firm based out of Montreal, Quebec, Canada,had been keeping busy with a variety of initiatives that aim to create a positive impact on their environment and help the causes they care about. Last 2016, Momentum Ventures had started handing out monetary donations to charities and society organisations that they believe in, just like they believe in their own subsidiary businesses. Distributed throughout 2016 is a total of $75,000 in cash donations which is an amount that Momentum Ventures employees voted for, along with their chosen charities.

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In February of that year, the company donated a total of $25,500 to the Canadian Cancer Society, and then $25,000 to Unicef Canada in March 2016. “With the Canadian Cancer Society donation made earlier this year we were able to help make a donation that could help people across Canada, with this donation [Unicef Canada] we are able to extend our helping hand to those across the world,” Momentum Ventures CEO Matthew Keezer said of the latter, adding, “we look forward to future donations to worthy causes over the course of 2016.”

Companies that had established themselves in the industry have a tendency towards giving back to their community, being more generous to and creating a work-friendlier environment for their employees, or finding causes they could align themselves with their growth:

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On top of the 2016 donations, CEO Matt Keezer and his team extended their season’s greetings to two Montreal families to have a merry Christmas with a combined $3,600 in material benefits and assistance covering winter clothing, toys, transit passes, and other essentials. Under Keezer’s management, the company also initiated a 50% car subsidy to make purchasing eco-friendly hybrid and electric cars more of a reality, in consecutive years’ moves to make Momentum Ventures an environmentally- and socially-friendly workplace.

Introducing the Momentum Ventures Background

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Momentum Ventures has had a 100% proven track record in launching successful businesses ever since they started in 2007. As a venture capitalist company, they had attempted to introduce seven new businesses and all seven were consecutive successes. Their flagship brands and most popular ones include online travel businesses JustFly and FlightHub: JustFly is an online travel agency launched in 2014 that caters travel needs to the American demographic while FlightHub was launched in 2012, and has been Momentum Ventures’ biggest success to date, generating more than $1.5 billion in annual sales and serving millions of travelling Canadians yearly.

Conclusion

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Momentum Ventures is growing as one of the firms that makes a difference and approaches their business differently. The company’s winning streak is pushed by the strength of their endeavours as a team and as an enterprise. CEO Matthew Keezer had noted the importance they place on their personnel, and their winning strategy includes the people they value and what their team is passionate about.

If you have anything to add, feel free to leave your comments here below!

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Will Skyrocketing Debt Plunge the World into Another Financial Crisis?

Less than a decade ago, unsustainably high debt fueled the worst recession since the Great Depression, and millions of people all over the globe are still in various stages of recovery. But lest we think the worst is over, consider the fact that world debt overall is now far above the levels it was in 2008, and rising at a rate far higher than income. It appears that collectively and individually, we may be spending ourselves right back into another financial crisis, which could very well end up being worse than the last one.

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Where is all this debt coming from?

Among the egregiously overextended are numerous governments – Economist Intelligence said that total government debt has doubled since 2008 to $59 trillion – but governments aren’t the only offenders. Add household, corporate and bank debt, and the grand total was $199 trillion in mid-2014: an increase of 40 percent since 2007, according to a 2015 study by McKinsey Global Institute.

And one of the most dramatic increases has been in United States student debt. According to data collected by the Federal Reserve, outstanding student loans have swelled from to $589 billion in 2007 to $1.35 trillion in 2016, a 130% increase. This leaves 2016 graduates with an average student loan debt of $37,172, a 6% increase from the previous year alone. Graduates’ average earnings for the year are $50,556, which represents a 5% increase over the previous year, and a slight decrease from the $50,900 the average graduate earned in 2007. Despite having done exactly what governments and central banks wanted them to do to help end the Great Recession– take advantage of historically low interest rates to borrow and spend – more than seven million are in default on their student loans, and the economic picture for 2016 graduates overall is bleak.

Students aren’t the only ones whose debt levels are surpassing their ability to repay. Overall, the U.S. debt-to-GDP percentage increased from 217% in 2007 to 233% in 2014. Other countries, notably Greece, Italy, Spain, and Japan, have seen their debt-to-GDP ratios swell even further. In all these cases, the skyrocketing debt levels have left many people with little money left over for spending beyond basic necessities, which can only hurt economies that are dependent upon consumer spending to thrive. Still, governments continue to hold historically low interest rates to encourage spending, despite the fact that doing so sends a clear vote of no confidence in their economies.

Even the student debt crisis isn’t insolvable

The U.S. government could make student indebtedness much less of a burden by taking a couple of straightforward measures, as other countries have done. First of all, reducing the interest rates charged for student loans would make a marked difference. As it stands now, the rates applied to student loans are higher than those applied to business and mortgage loans. Some suggest that there is a moral as well as economic imperative to cease treating student debt as a profit center, and that it would be appropriate for banks to charge at or near the base rate that the Fed charges them for working capital, currently near the 5% level.

In addition, extending the time period between graduation and the onset of student loan repayments would significantly ease the burden on students, who typically begin their careers at low wage levels, and for whom the almost immediate burden of student loan repayment cripples their ability to become consumers.

Also consider that student loans in the U.S. must currently be repaid within ten years, with monthly payments much higher than those paid by students in Germany, where the debt repayment is spread out over 20 years, or in England, where repayment of student loans is stretched out over 30 years. In Australia, students get an even bigger break, as they are not required to begin repaying their loans until their income reaches roughly $40,000. Once that income level is achieved, the student pays approximately 4% of their income until the loan is repaid. In addition to offering lower payments and longer payoff time, the Australian model is structured so as to increase or decrease the required payment amount in sync with the debtor’s income. This minimizes the burden in the event of decreased earnings. Students in the U.S. are given no such latitude, and are required to meet the established payments regardless of any fluctuations in their earnings.

In short, the burden placed upon students in the U.S. are onerous in comparison to that which students in other countries face. By treating an educated populace as long-term assets rather than shorter-term profit centers, the economic health of the country would be improved, as well as that of the graduates themselves. Without the crippling burden of massive debt hitting them during their early years in the workforce, students would become more capable consumers, driving the need for additional products and services, and expanding the workforce. It is possible – even likely – that the inevitable surge in the overall economy would reduce the need and temptation to go further into debt, thus avoiding the financial brinkmanship in which not just the U.S., but the world as well, finds itself at the present.

Current global trends aside, what can you do to avoid a personal financial crisis?

Making smart choices can keep you out of trouble

Although student loans are a big albatross for many, particularly in the U.S., it’s pretty clear that other types of debt – credit cards, personal loans, mortgages, small business loans – are problematic for millions who may still be financially fragile from the last global crisis. Debt isn’t necessarily a bad thing, of course, and in fact it’s often necessary to fund a business, make a major purchase or simply to build a credit history. But many people have found to their dismay that debt is a two-edged sword and can quickly become unmanageable if not handled properly.

Fortunately there are numerous resources to help consumers avoid problem debt or find a way out of a debt hole once they’re in too deep. For instance, online resources such as loan-comparison site and credit brokers provide much more than comprehensive side-by-side comparisons of lenders; they also include honest reviews from real customers, as well as abundant moneysaving tips and information about managing personal finances.

There is no reason for any prospective borrower with Internet access to make an uninformed choice. Being well-informed is a prerequisite to making intelligent choices about borrowing, saving, investing and anything else that will affect your bottom line. And ultimately that will be good for the global bottom line as well

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Why the internet has driven retailers online

Wondering Why the internet has driven retailers online?
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If you are thinking about starting a business, you have to consider where and how you’ll showcase your products to customers. A mere 30 years ago, your options were limited. You could have a brick-and-mortar building, or work out of your home, but you had to attract customers to your store. You had a limited region of coverage for sales, at least until your business expanded into other markets. Advertising was very different. The use of mass mail marketing was common, and you had to rely on word of mouth. Billboards and television commercials caught the eyes of your customers.

Fast forward to 2017, and the options for you as a business owner have expanded exponentially. Your customers can be from anywhere on the entire planet, via the internet. You can still send out mailers and advertise on TV, but if you aren’t taking advantage of the opportunity to develop your business online, you are missing out on your full business potential. Here’s why the internet has driven retailers online.

Potential for profits

It is expected that online sales via computers and mobile devices will be over $500 billion by 2020 in the US alone. E-commerce is growing at a faster rate than retail, with over 224 million shoppers spending more online every year. The bottom line is that there is money to be earned from online selling. To ignore it is to hobble your own business potential.

Online to enhance a physical site

Even if you aren’t ready or able to launch a website, you can still take advantage of the internet to build customers. If you establish a news feed, you will be reminding subscribers of your company every time that you post a new article. Posts on Facebook and Twitter also get your company name in front of subscribers, whose reposts are an open invitation to new customers. You can use online communications to invite customers to events at your store, publicize sales, and announce new products.

Online combined with a physical site

No matter how successful your brick-and-mortar business is, an online presence can help drive new customers to your door. Imagine that you are an artisan who sells handmade pottery and runs a storefront. Your customers are going to consist of the people living in the city where you sell. They may recommend your pots to friends, and eventually you may see customers from around the region, the country, and even the world. However, these people must call or write to you for your pots. Somehow, you must send them photos of your products for them to decide if they want to buy something.

The time invested alone in making a profit on the pots is staggering. With a small investment in a website, where you can showcase your pots, receive payments, and set up shipping, you will save time in customer contact. You will build your customer list by recommendations and search engine optimization (SEO). By using social media, you can update customers on new products. With a customer reward program, you can get positive reviews and return business. These efforts will all convert into sales with little to no work save the initial set-up.

Online presence only

Many stores operate solely online. Businesses that are only online can take advantage of the same networking and marketing opportunities as the potter, but they don’t have to pay for the cost of a building and all its attendant expenses, including employees and utilities. With your online presence, you can offer detailed information and videos on your company’s products and services. Customers can preview products and compare prices before they buy. One company that has made a success of an online-only presence is As Seen On TV. The company offers a variety of great products for the home, cars, pets, and more. It produces videos to show customers how its products are used, and the videos are just one way that the company drives sales.

Online is the future

The technology explosion is having a major impact on retail sales. Robotics can now put together customer orders. Analytics can tell you how to target certain audiences with specific products. Online payment systems are popping up to keep transactions safe and quick. Quick delivery of online products with drones is just around the corner.

Whether you are dipping your toe in the water, or basing your business solely online, there is an advantage to using the internet. Even a small investment can mean great profits. Start looking into how the internet can improve your business.

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Power outages are temporary but the damage might not be- Insure the future of your property with a UPS system

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Given the day and age in which we live, it is absolutely safe to assume that regardless of our occupations, we all have some type of electrically powered service that we would hate to lose. A lot of businesses today rely on data which is stored as digital information on large computers. Similarly, networks use large server rooms to house all the physical servers which host thousands upon thousands of ideas, notes, identity’s and overall information. Of course, it’s not all about computers. We could be talking about other power dependent gear  that can suffer a lot from a power outage.

Depending on where you’re sitting when a cut in power supply occurs, it could be a bummer, problem, or downright tragedy. If we’re talking about a large organization, a cut from electrical power can result in a sever loss of productivity that in the end translates to losing a lot of money.

Here’s where UPS systems come in. Just to clear the air, UPS stands for uninterruptible power supply or source. The purpose of these systems is to provide temporary backup for a power depended appliance/system/machine, so that virtually no downtime occurs in the case of a power cut from the main source. Keep in mind that UPS systems are different than backup power solutions in the sense that they are not designed to substitute a main power source, but rather to keep things going for a short period of time until the backup solution intervenes. Thus, UPS systems only hold enough power for a couple of minutes usually.

You can think of them as the hand you put over a leaking hole until you can strap a piece of tape in place, before cementing the hole. Or in other words, we are looking at the intermediate between the main solution and its backup. While it doesn’t sound all that critical the way it was portrayed just now, UPS systems have a crucial role in keeping systems running at all times. When the main power source goes down, it only takes the slightest instance before the UPS saves the day.

This both a productivity insurance mechanism as well as a safety precaution. When we say safety, we mean for both machine and potentially the user. Computer components often times get burnt due to power outages, while other situations make it dangerous to be left without a power source. When human lives are in danger.

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Dealing with small business accounting issues

It seems that every entrepreneur has dealt with small business accounting issues before
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In a small business it is common for employees to share job roles, including the role of taking responsibility for financial matters and the daily work of keeping business accounts up to date and chasing late payers. Such person(s) often have no training in accountancy and this can lead to issues arising that can be problematic.

Issue number one: collecting payments

Failing to secure payments is the most common and most dangerous issue a small business can deal with when it comes to accounting. The source of the problem can be customers deciding not to pay, but surprisingly often it is simply the inability of a business to reliably send an invoice. If a customer does not get a receipt or invoice they won’t be aware of any payment that is due – having receipt maker software is an efficient way to prevent this happening.

In terms of making sure all payments are made, good record keeping is the most important factor, while being diligent and persistent at following up unpaid accounts is also vital. This does not require any great financial skills – just make sure that a particular staff member is in charge of doing so and importantly, ask them to report on their progress.

Accounting methods and software

Thankfully there is a host of software solutions to make accounting problems less likely to occur. If you automate your accounting processes using software, you can make sure you don’t, for example, send payment to the wrong supplier – which could really harm your cash flow. Software will also make it a lot easier to report your business accounts to the tax authorities, while having a prepared set of accounts that are tidy makes it easier to sell your business or to gain investment.

It can be problematic in some businesses when staff members are used to performing accounting tasks in an old fashioned manner, with pen and paper. Though keeping files and rows of filing cabinets served businesses well over the years, it is not effective these days – your business productivity will be impeded, and you may struggle to effectively connect with some customers and suppliers who would expect electronic record keeping.

Finding professional help

It is unexceptional for businesses to outsource their accounting functions. In fact, almost all businesses outsource at least some element of it – for example, the filing of final accounts with the government. Every accounting process can benefit from professional help – from invoicing, through to debt collection.

A qualified accountant will also introduce you to the more interesting parts of financial reporting, producing tables and charts which would give you an insight into where your business is profitable – and where it is not. Large corporations produce detailed financial reports for a reason: keeping track of the numbers behind your business is an informative exercise that can help you improve business performance.

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Crew, Double and King Cab: Pointers for Picking the Perfect Pickup Truck for Your Business

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Choosing a pickup truck for your business is a big decision. A good truck will last you years, so you want to make the right choice.

There are numerous factors to consider, including the size, number of doors, engine size, price, fuel economy, performance, and more. Here are some of the main considerations to help you make the right decision when you choose your next one.

Types of Pickups

Firstly, you should know about the different types of pickup trucks available so you can choose the most suitable for you requirements.

Compact pickups, as the name suggests, are smaller. They come in a wide range of styles, including those with four-cylinder and V6 engines.

Then there are full-sized pickup trucks. These are larger and tougher than compacts, and they also tend to come in more configurations.

The 1500-series is the basic pickup truck, and this is often used for family cars as well. However, you may require a larger model, like a heavy duty 2500 model or even a 3500 model like the RAM 3500. These are more serious vehicles that are suitable for carrying heavy loads and hauling large trailers.

Number of Doors

This is one of the basic issues to consider. The number of doors you choose will mainly depend on whether you will use it as a family car as well. If so, a four-door model is most suitable. However, two doors are usually fine if you will use it for work rather than family.

4WD

Whether you get a 4WD or not depends on how you will use it. If you are planning to use your pickup in the snow and mud, or on long off-road journeys, then it will be essential. However, rear-wheel drive is fine for heavy loads on good roads.

You can also get a full-time 4WD model, where the front-wheel-drive is used when needed to give more traction.

Safety Features

Safety features are essential in any type of vehicle. Pickup trucks did not used to have a great safety record, but that has changed. These days, you can find safety features including electronic stability control (ESC), which is mandatory on lighter pickups and helps to prevent them from rolling over.

Chest-level air bags at the side are common in the front seats, and curtain-style airbags in the sides are also common. Traction control is another good safety feature that can help on slippery surfaces.

Always look at the safety features of a pickup when you are choosing a model because safety is one of the most important things to consider.

Fuel Economy

Fuel economy is another important issue to consider. The better fuel economy will be for lightweight and smaller models, and heavy trucks will not be so great but you may need the power. Always compare models, however, to find out which pickup will get you further.

Price

Prices range considerably for pickup trucks, and you can pay anything from $20,000 to over $60,000. You tend to get what you pay for, so compare prices until you find a suitable model within your budget.

Choose What You Need

Choosing a pickup truck is a decision you don’t want to rush. So take a look at the options on the market, read reviews, go and see different pickup trucks, and take them for a drive. Consider all the features listed here, and then find the perfect vehicle for your needs.

Brooke Robson runs her own trucking business and is a tomboy who is happiest hanging out with the lads than with the ladies. She writes about auto tech, the trucking industry and shares some business tips.

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Tech Success: Top Apps for Managing Your Workers, No Matter Where They Are

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Not long ago, businesses only needed remote employee management plans when they employed traveling sales reps, site-repair crews, delivery drivers and other road warriors. Today, with the Internet enabling desk workers to work out of home just as effectively as they might out of the office, telecommuting is common. Remote work has grown 80% over the past decade.

Every business that allows such flexibility needs a plan; telecommuting employees still need to be managed, and they still need to collaborate. If you’re beginning to set up a telecommuting program at your business, it could be a challenge in the beginning to find the right tools. There are apps that every business with remote employee management needs should explore.

Remote desktop software

When members of a team are spread out as they work on a project, nothing can bring them together as effectively as a shared screen. Many businesses make do, rigging up videoconferencing apps for the purpose. While these allow passive screen-sharing, however, participants on call are unable to make changes on shared computer screens. This is where apps such as TeamViewer come in.

TeamViewer works on every major mobile and desktop platform, and allows participants to actually use a shared computer as if it were their own. Not only does TeamViewer help make teamwork efficient, it helps with troubleshooting needs, as well. An employee with a computer issue can always call on support from colleagues headquarters. A tech who is able to look at and operate a device remotely is able to offer effective help.

Meeting software

Skype for Business is often improvised for online business meetings. Businesses employing these non-specialized software applications, however, miss out on a great deal. There are better ways to go about meetings, when one has access to custom-built applications. Specialized meeting apps such as Click Meeting offer features that businesses need — offline messaging, reliable connections, and webinar ability, among others. Multilevel meeting features are an important plus — they allow higher management in the middle of large, mixed meetings, to retreat for discussions.

Cloud storage

Just as remote desktop software helps employees who are geographically spread out, to get together and share their work in virtual conferences, cloud storage allows them to bring their resources together. When employees routinely save everything that they do to the cloud instead of a local drive, every piece of work that employees may create, or every file or resource that they may need, is always within reach. From Amazon Cloud to Dropbox, several cost-effective alternatives available.

Apps that help with logistics

When telecommuting workers need to actually travel to the office, a number of mobile apps help smooth the process. Weather Live Free, the weather app by Apalon Apps, helps foresee weather problems, Parking Panda helps find and reserve parking spots, Gas Buddy helps locate cheap gas, Card Munch organizes business cards, and Sign Easy helps with document signing needs.

Innovative technological solutions such as these help businesses realize the productivity efficiencies promised for telecommuting.

Jordan Greenwood runs a tech company and has remote workers dotted all over the globe. He writes about how technology has changed the world, running a business with it and much more besides.

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Thousands of Buy to Let Landlords May be Fined for Illegal Renting

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Photo by CC user Jthornett on Flickr.

An ever-growing threat looms in Wales. Thousands of buy-to-let landlords may be facing fines and prosecution due to failing to complete the registration for a new licensing system. Over 13,000 private Welsh landlords may be prosecuted, all have failed to register since the Welsh government instated the Rent Smart Wales scheme. Despite licensing being legally mandatory for a year, the private rental sector has still not met full compliance.

13,208 Applications Left in Limbo

Rent Smart Wales requires all landlords and letting agents to register their properties before they can self-manage their rental. The deadline for compliance was initially set at 23rd November 2016. Ever since then, it has been a legal offence to either let or manage a property without being issued the appropriate license. Only 64,248 registrations were submitted, with 13,208 applications started but not finished. Despite the mass infringement, those delayed need not worry yet. Carl Sergeant, minister and overseer of the scheme, stated that those who started the process will not face persecution. He also insisted that this “must not be seen as an excuse to ignore the law”.

Rent Smart Wales – Promoting Quality Rentals

Rent Smart Wales aims to bolster the quality of service and accommodation of rental properties throughout Wales. They offer extensive training courses, allowing landlords to better understand the situational benefits of rental properties. 96% of all landlords who receive training from Rent Smart leave feeling that the education has made them a better rental agent. Both in-person training and seminars are offered, as well as numerous online training solutions. If you are not registered, you are incapable of serving a valid section 21 notice for possession of your property. Non-compliance may result in the following action being taken:

  • Fixed Penalty Notices (either £150/£250)
  • Rent Repayment Orders
  • Rent Stopping Orders
  • Criminal Prosecutions and Fines

Act Now to Prevent Prosecution

Time is running thin for those who are not yet compliant. Sargeantstated “My message to private landlords is clear. You must take action to comply with the requirements of the law”.Registration costs £33.50 online and £80.50 completed on paper. The amount of properties which you own is irrelevant to the cost. The Property Rental Factory from AXA can help you through the process, while offering useful advice on how to improve both the quality and income of your rental.

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How Businesses Can Save Money by Shopping Online for Toner Cartridges

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The paperless office isn’t quite here yet, and many people think it shouldn’t ever happen, because print on paper is a primal thing – we just need a bit less of it! Not everything can be done digitally just yet, which is why you’re probably still looking around for the best deals on toner cartridges for your business.

By using a laser printer you’re already spending less anyway, as toner is typically cheaper than inkjet ink, but if you can find a way to make it cheaper still, you’ll be in the pink (or the magenta).

Going online is your best bet

By shopping online, you’re taking the easiest path to brilliant savings on your toner cartridges. Online retailers like Cartridge People are always offering good discounts and incentives. They also usually have a huge range of brands and products on offer so even if you have one of the lesser-known printers, these retailers will most likely be able to help you.

Why is buying online so cheap?

Quite simply, because online retailers don’t have the same overheads as physical stores – shopfronts, retail rents, shopfront staff as well as backroom and warehouse staff, fancy advertising hoardings and so on. It all costs money and it’s something that online retailers don’t need – they just need a cool, safe warehouse, dedicated staff and a good-looking, easy-to-navigate website!

Buying online also means better bulk deals

Because online cartridge retailers are able to store large amounts of stock cheaply (no shopfront, remember), they are usually more than happy to supply bulk orders, which will save you lots of money per unit. In addition to this, toner stores for much longer than ink, which means you can order enough to last for an entire year! Ordering large quantities of inkjet ink can be a bit risky, because it degrades over time and sometimes you’ll have dried out or useless cartridges, wasting your savings.

Other ways to save money by buying online

Order refilling kits

A lot of online sellers stock refilling kits for the better-known brands of toner cartridges. This solution isn’t for everyone, but if you’re quite handy you could make it work for you. You should read all the instructions properly before you start to make sure you do it properly and don’t end up with a huge mess.

Try recycled cartridges

If the idea of refilling your toner cartridges fills you with horror, then try some recycled ones. Recycled means that they’ve been collected as empties and sent to a company that can check, test, refurbish them and then refill them. This solution isn’t as cheap as doing it yourself, but it’s much cheaper than buying new ones and the print quality is indistinguishable.

Buy compatibles

Buying compatible cartridges is also a great solution, especially if you get them from an established, well-respected retailer as they’ll only stock tested and trusted cartridges. A decent online retailer will also give you a warranty and a guarantee just in case something goes wrong or the cartridges don’t work.

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GBP And USD Exchange

GBP and USD  exchange are one of the oldest currency pairings in the world. This pair is commonly known as ‘The Cable.’  This pairing remains a darling to many traders even today, thus, accumulating large interests considering the size of UK’s  economy. Below are some of the factors that have been affecting the pair in recent weeks;

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  • British pound drops lower as the Prime Minister moves to outwit critics. The British pound edged lower on the night of December 6th as the UK PM; Theresa May asked the House of Commons to support her in a plan to trigger Article 50 of the Lisbon Treaty. In addition, support her to begin the departure negotiations officially before the end of March 2017.
  • December will be a neutral month for GBP/USD due to its poor performance metrics in recent times. This is taken from a seasonality point of view. The GBP/USD has rallied up to 55% of the time in the month of December over the past 20 years. However, the pair’s average performance during this time frame was only +23-pips every month. The currency pair has also lost ground in each of the previous two years. It has also experienced gains in only three Decembers since the year 2005.
  • GBP/USD also dropped on the production data’s release. It edged below 1.2600, as the ongoing concerns about Brexit as well as weaker data continue to derail sterling’s  latest rally. UK Prime Minister Theresa May recently accepted a labor plan that needs the government to lay down its Brexit plans, as the supreme court hearing on whether the parliament needs to approve Brexit continues.
  • The exchange rate of GBP/USD is pushing to fresh monthly highs throughout the first full week of December.  The latest development in the Relative Strength Index supports a bullish outlook for the pair as the oscillator comes out of the bearish formation that was carried over since May.

The pound Sterling has been rising against the US dollar since the month of October and has on the way built a pretty modest momentum over the near-term duration. Phil Seaton, who is an analyst believes that based on this momentum alone, traders could expect the Pound to advance even further in the coming days and weeks. The success in forecasting a currency’s move, and thus benefiting from such a move, is best determined by studying its current trend.

In the case of Pound-Dollar, the trend is higher according to the daily charts

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