Daily Archives: April 8, 2010
Sterling strength continues
The Pound has continued to gain ground against a basket of major currencies in this mornings trading as confidence in the U.K is seemingly continuing to grow.
With the upcoming election on May 6th be sure to expect some extremely volatile markets with investors hanging onto every poll for hope of an indication as to who may be edging closer to taking power.
Should we get closer to the big day and the prospect of a hung parliament still be well and truely in place then I would expect the Pound to struggle however should the conservatives start to pull away and the likelyhood of a majority win for them look like a foregone conclusion then I would not be surprised to see the Pound rally.
There will be fantastic opportunities both to buy and sell the Pound in the coming weeks and if you have an upcoming transaction to make then you need to be in the position to act fast.
If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just fill in the contact form and I will be in touch with you shortly.
I look forward to hearing from you.
Australian Dollar keeps going from strength to Strength
The Aussie Dollar seems to be going from strength to strength at present. The Australian dollar edged up during the Aussie trading session to reach record peaks against the euro for a third day running after a strong set of jobs data signalled more interest rate rises in Australia.
The Australian dollar was also strong on the its U.S. counterpart at $0.9276, after data showed 19,600 jobs were added in March and unemployment steadied at 5.3 percent, with details painting an even brighter picture.
The RBA, which lifted rates in five of its last six meetings, has said repeatedly rates need to rise further toward “normal” or historical average levels.
If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just fill in the contact form and I will be in touch with you shortly.
