Pound Sterling Forecast

Today sees the release of the European Central Bank interest rate decision – New head of the ECB (not jealous of his new job) Mario Draghi has quite a decision on his hands. There have been calls for an interest rate cut in the Eurozone however will he be willing to enter his new position with a bang or will he be looking to get his feet under the table before any big decisions are made?

Personally I feel we have about a 30% chance of him doing so, which should lead to the Euro getting even weaker – however that other 70% option could easily end up with the Euro gaining back some strength as investors may have already speculated that there may be a minor cut.

We still have the continuing Greek crisis which will no doubt still be unfolding and still lead to swings upon releases throughout the day so you certainly cannot rule out a spanner in the works there!

Markets are indeed all over the place at present and it is key you have an experienced currency broker on your side when dealing with any large currency transactions as i’m afraid hope will not move the markets. I am happy to deal with any regular readers that have bank to bank transfers of anything from £5000 up to multi million pound transactions for corporate clients. I can be your eyes and ears on the market and help you develpop a strategy that may save you £1000s.

I cannot directly advise you but it is certainly worth having assistance and a personal opinion of someone that has been in the market for years. If you would like to join our 41,000 satisfied clients then please open a free, no obligation trading facility by clicking here and I will be more than happy to personally give you a call to discuss your requirements. Please ensure you place my name (Daniel Wright) as your point of contact.