Pound Sterling Forecast

Ok, so great news for those that have been waiting to buy Euros and unfortunate news for those in the process of selling overseas, but just why has this all started to happen now?

Here is a great article explaining what the current problems are in Europe and also suggesting that we could see yet another rate cut in the Eurozone fairly soon due to potential deflation…. A rate cut is generally seen as negative for the currency concerned and a hike in rates positive, and with the markets moving on rumour as well as fact the mere mention of cuts again has weakened the Euro accordingly – The Greek situation is merely weeks away from coming to a head again too which certainly won’t be doing the Euro much good one would imagine, it seems March will be crunch time for Greece and personally I don’t see there is much left they can do.

It could still take a long time for Greece to leave the Euro as people need to remember in order to calculate a fair value for the Drachma it will take months of tracking rates and a lot of working out, just like when a country has joined the Euro in the past, so nothing is going to happen too quickly on this matter, and Greece leaving may even be seen as positive for the Euro as it is like cutting the rotton part out of the strawberry… To be honest though the whole strawberry is looking a little manky right now!

If you have a requirement to buy or indeed sell Euros, Dollars Australian Dollars, New Zealand Dollars, Canadian dollars, Thai Baht, South African Rand, Polish Zloty, Swedish Krona or any other major currency then please feel free to contact me directly.

To give you a quick background, I am a currency broker and have been in the industry for years, I set up this site two years ago and now have 20,000 people a month stop by for information, and last year had 428 people get in touch with me through the site, of which 401 have already used me and saved them money over their high street bank or current broker, you can get in touch with me by clicking here and setting up a free, no obligation trading facility to get a quote within minutes…. Theres no harm in comparing rates even if you have used someone for years – Just like buying a tv you need to always shop around. You can also email me directly djw@currencies.co.uk with any questions or queries.

I look forward to speaking with you.