Daily Archives: June 20, 2012
Are you on of our 30,000 regular readers? Have you contacted me yet for help with your currency exchange?
I have been dealing with private and corporate clients with the need to transfer currency for years now and have built up a high understanding of the currency markets and what may happen when certain circumstances arise.
Whether it be buying a dream home in France, receiving company payments from abroad, purchasing materials or parts from another counrty or sending home wages from Switzerland I can personally help.
I work for Foreign Currency Direct PLC and we are a specialist foreign exchange brokerage, we pride ourselves on not only the best exchange rates but also a very high level of customer service too…. indeed we have won awards from the Sunday Times and the Daily Telegraph for our exchange rates and a National Business Award for customer service. If you have found my site useful over the past few years do feel free to contact me directly djw@currencies.co.uk – I have outlined the simple process below… Even if you have a current broker there is no harm in comparing, people often find that by making a quick enquiry with me I can actually save them quite a lot of money and if you are using an online platform then you have nobody negotiating on your behalf and I doubt you are getting the best you can.
Trading with me at Foreign Currency Direct is simple and easy – All you need todo to set up a trading facility is click on the link to Foreign Currency Direct below and fill in the online registration form which takes approximately 2-3 minutes and is free yet carries no obligation to trade.
Click the following link to do this: www.currencies.co.uk/referral.asp?F_ID=994
Opening a trading facility incurs no costs and carries no obligation to trade through us, it simply puts you in a position to book out a rate should you wish to.
Once the registration is completed one of the authors on this website will personally get in touch with you to discuss your requirements.
Once the facility is open and I has achieved you a rate that you are happy with it is again a very simple process from there forward which I will outline below:
1) You go through a brief verbal agreement over the phone in order to book out
your rate.
2) Within 5 minutes I will forward across a contract note to you which can be
emailed, posted or faxed which will contain all the details of the transaction,
our bank account details for you to transfer to and a section for you to fill
in with the details of where you would like the funds to be sent.
3) Once a rate is booked FCD generally ask for settlement within 2 working
days, and once funds are received and everything in place we send your funds
out as a ‘swift’ international transfer – they should arrive in your designated
account within 1-3 working days.
4) Upon funds being sent out we can provide an internationally
recognised proof of transfer which will detail where funds have been sent and
when they are due to be credited, extremely helpful when transferring funds
overseas!
I would be happy to help you in any circumstance so I await to hear from you whether it be corporate or personal on any bank to bank transfers ranging from £1000 to multi million pound transfers.
Once again the link it get started is: www.currencies.co.uk/referral.asp?F_ID=994
Busy day for the pound with the Bank of England minutes, UK unemployment figures and FED Reserve meeting
The pound is set for another busy day with a host of data starting at 09:30 this morning with the Bank of England minutes and UK unemployment figures due for release. Unemployment figures (both the unemployment rate and the claimant count) are expected to stay on hold at 8.2% and 4.9% respectively. Should this be the case I would expect to see a small gain for the pound, however any deviation from these expected figures and we could see market volatility as a result. More importantly for anyone with an interest in the Pound will be the Bank of England minutes at 09:30 as this will give an insight into any future monetary policy and more importantly, whether more monetary stimulus has been discussed. Following Mervyn Kings speech last week at his annual Mansion House dinner, he made his first indications that more stimulus is on the cards and should today’s minutes confirm this then we can expect Sterling losses as a result this morning. This trend may continue throughout the day against the Euro and most majors, however moves against the US dollar could turn around this afternoon.
Short term direction for cable hinges on FED Meeting, will there be more stimulus?
As with their UK counterparts, the heads of the US Central Bank (the Federal Reserve) will meet later (17:30 BST) with many analysts expecting another round of stimulus from Ben Bernanke (FED Chairman). Recent moves for cable (GBP/USD) have been pretty varied, being up at 1.63 just 7 weeks ago, falling to a low of 1.53 last week, and now forging its way back towards the 1.60 level. We are currently sitting at the 1.57 territory, and I feel any stimulus from the FED is likely to drive the dollar level to 1.58/1.59. Make sure you are in a position to take advantage as the moves could be short lived.
With plenty of data due today and the Greek coalition party still yet to be forged (there is talk this may be in place by the end of today) then we can expect plenty of movement in todays trading. Should you wish to discuss my thoughts and to run through the service we offer at currencies.co.uk then please email Mike at mgv@currencies.co.uk and I will happily give you my thoughts and opinions on this current market.
