Pound Sterling Forecast

Good afternoon all,

A quick update from me as we are extremely busy on the trading floor at present, 1.20 has been availalbe at points today on our trading floor – If you (like thousands of others) have been waiting for 1.20 then contact me directly on 01494 787 462  ( Please ask for Daniel Wright the owner of this site) and I will explain the process and how to get booked out through us, it takes you two minutes to set up an account online – http://www.currencies.co.uk/referral.asp?F_ID=1215 This is free and carries no obligation if you decide not to use us.

Whoever you are currently using, at least compare with me as I am putting through so much business already this week I shall have no problem in beating your bank or broker.

I look forward to hearing from you.

Jusy a quick note to inform you all that the trading floor has gone extremely hectic this afternoon as the pound has just spiked to over a one year high against the Euro hitting 1.2098.

If you are looking at securing Euros at present we are offering rates over 1.20. If this is a level that you have been holding out for and your high street bank will not do for you contact me and we will achieve this great trading level for you.

Contact me at bma@currencies.co.uk and I will explain how you can open an account and achieve our award winning rates. Just quote PSF and ask for Ben Amrany.

I look forward to hearing from our new readers.

I hope that you have all had a good time over the festive season and now that most of us are back to work I would like to wish you all a happy and healthy New Year.

On my return to the trading floor I have been inundated with clients looking at buying and selling a range of different currencies. Last year was very volatile to say the lease and I expect much of 2012 to be the same with so much uncertainty around the globe.

We do not only assist clients trading the main currencies like the USD & EUR but also deal with a lot of the smaller currencies out there too. The Thai Baht (THB) is one of them and for those of you that will be looking at buying properties out in Thailand I think the coming months may start to look up for the pound against the Baht.

Today Inflation figures dipped in Thailand much more than expected. As a rule of thumb when inflation drops it means that we may see a reduction in interest rates in that country. That would be good for clients that will want to buy the THB as it should mean that your pounds will go further should the Baht weaken on the back of any interest rate cuts by the Bank of Thailand. The country was hit by severe flooding recently and the Bank of Thailand have stated that if they do cut interest rates this month it will only be temporary.

This all implies to me that the pound could push for the 52 week high of 50.13 and push through it. We are currently trading at 49.06 and this is with a gain of nearly half a percent today. The low in the last year was 46.17. If you have a transfer in the future make sure you look at securing your funds if and when the Bank of Thailand reduce their interest rates as this should bring some very good buying opportunities before they hike them back up again. When that happens we may start to drop back to the year low which could be a big loss.

If you are thinking of buying a property in Thailand over the coming year and will need Thai Baht or any other currency please do contact myself Ben Amrany at bma@currencies.co.uk I have assisted many clients selling GBP, USD, AUD, NZD to buy the more exotic currencies and will be happy to help you achieve a much more competitive rate than the high street banks. In your enquiry please supply me with some contact details and I will call you to discuss the market and explain the options that are available to you.