A common reason why people read poundsterlingforecast is they want to get an understanding of how the pound will perform in the upcoming months as they need to purchase a foreign currency for a business matter or property purchase. Therefore on a daily basis the types of people I help and save money are Managing directors, sole traders and property buyers or sellers.
If you fall into this bracket, the articles that you would have been reading online I am guessing haven’t provided you with a definitive answer of whether the pound will rise or fall in the upcoming months. UK Prime Minister Theresa May is set to trigger Article50 and begin the process of leaving the EU in the upcoming weeks, however as no other country has left the EU it’s difficult to predict how negotiations will go and therefore how the pound will perform.
For months my prediction has been for the pound to fall throughout March in the build up to the triggering and when the Prime Minister triggers a further fall. However trying to predict the pounds performance in 6 months time is very difficult.
When purchasing a foreign currency it is important to analyse the other currency you will be trading. For example if you are buying euros this week, the Deutch elections this evening coupled with the US interest rate decision could cause a sell off of Euros to buy US dollars which in turn would lead to euros becoming cheaper to buy however US dollars would become more expensive.
For a deeper analysis on a certain currency pair feel free to email me with the pair (GBPEUR, GBPUSD, GBPCHF), the reason why you need to purchase a foreign currency (property purchase), timescales (ideally a completion date) and I will respond with my forecast and the options available to you firstname.lastname@example.org.
If you are repatriating a foreign currency into the pound again mail me with the pair (EURGBP, USDGBP, CHFGBP), the reason why you need to purchase the pound (property sale), timescales (ideally a completion date) and again I will respond with my forecast and the options available to you email@example.com.
If you would like to discuss your requirements over the phone feel free to call the trading floor on 01494 787 478 and ask to speak to Dayle Littlejohn.