Tag Archives: currency
Do you find this site of use? If so then it makes sense to contact us to assist you with your currency exchange!
Here at Pound Sterling Forecast we have now spent over 5 years keeping readers fully up to date with market movements by giving timely, up to date and non biased market views and opinions.
All the writers on this site work for a currency brokerage with a turnover of half a billion pounds a year that has won numerous awards both for rates of exchange and customer service so we thought we would make you aware in case you didn’t know.
I have personally had nearly 5000 new clients get in touch with me through the site over the years and for anyone exchanging over £10,000 there has not been one that we have not been able to make a saving for, so if you are in the process of buying a property overseas, emigrating, buying a car or your company carries out large currency exchanges then it would be well worth you contacting me personally even if you feel you are currently getting a good deal through another broker as more often than not you can still do a lot better.
If you are using the bank then it is essential that you get in touch as it is very rare a banks exchange rate is anywhere near what we can offer as a company.
You can email me (Daniel Wright) the creator of this site personally on email@example.com or fill in the enquiry form on the right hand side of this page with a brief description of what you need to do along with a contact number and I will personally call you to discuss your requirements and let you know how I can assist you.
Sterling is performing well as UK GDP pointed to further improvements in the UK economy and we get back to pre-crisis levels. The unbalanced recovery is a concern and it appears unlikely the pound will just keep rising!
With the uncertainty surrounding Greece now removed from the market attention has shifted to wider concerns on interest rates and economic recovery. Personally I cannot see the UK raising interest rates any time soon but the pound appears likely to reach to the data as it has done in the last week.
I think it is really important to understand your options when buying currency with us so here is the information!
1 – Store currency safely in a client account. You don’t need a foreign bank account to buy foreign exchange with us! You can buy Euros and we can keep them here until you need them sending out perfect for business or overseas property investors who don’t yet have a foreign bank account. You can split payments too. eg buy 200k euros and send out 20k euros for deposit leaving remainder here until a foreign bank is open or you need sending out. This means you can buy whilst rates are good not just when you need the currency or have opened a foreign bank account.
2 – We can offer a forward contract to fix today’s rates for up to one year in advance useful for business and anyone buying a large volume of currency. You pay a deposit and choose how far forward. Eg you could fix 300k euros for 3 months and draw it down after 8 weeks if you needed them earlier. Again you don’t need a foreign bank account open to buy with us and can buy or lock in to a price whilst rates are good.
3 – Limit Order’s target a rate you wish to buy currency at in the future. eg 1.60 on GBPUSD. You give us a firm order and we place it into the market. Once the rate is achievable we buy at your desired rate.
If you need to buy or sell the pound understanding all of your options and what is going on in the market is the best way to minimise your exposure. For more information at no cost or obligation please speak to me Jonathan on firstname.lastname@example.org. Just email a quick outline of your position and your situation and I can hopefully offer some useful information to help you get a better deal.
I look forward to hearing from you!
If you’ve been reading my previous articles then you’ll not be too surprised to see Sterling gain vs the Euro today as the Greek saga continues.
Last night’s discussions did not end with a deal and with only a week away from their payment to the IMF the clock is ticking faster and faster resulting in Euro weakness.
We are now at the 2nd best exchange rate for buying Euros in 8 years creating some excellent buying opportunities to send money overseas.
The Greek news is dominating the market and until this is resolved we could see some further gains but we could still be days away from a deal being reached.
I think a deal will be in place by the end of the month which is likely to settle global currency markets and bring some certainty to the situation but until then if you have to buy Euros it is worth taking advantage of these current highs.
If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian email@example.com
Sterling is down against all currencies on political uncertainty arising from the most uncertain General Election in decades. The Tories and Labour are neck and neck fighting to gain any seats to reduce their reliance on other parties in coalition. Just what can we expect for the pound in the next 24 hours and weeks? It looks like sterling is going to fall further whoever gets into power!
Tory Majority – Sterling Positive. As plans on the economy to keep on the current course should help investor confidence surrounding the pound. Although the Tories have pledged a referendum on Europe which could damage business confidence for the coming months and in the future.
Tory and Lib Coalition – Sterling Positive. The Current partnership has reduced Unemployment and is currently in charge of a growing economy.
Tory, Lib, UKIP – Mildly Sterling Positive. Increaeses the chances of an EU Referendum being held sooner than expected which could be GBP negative.
Labour Majority – Sterling Negative. The increased spending plans are unlikely to boost confidence in sterling and fears over the mismanagement of the economy would be rife.
Labour Lib Coalition – Mildly Sterling Negative. The Liberal Influence may be viewed positively by markets.
Labour SNP Coalition – Strongly Sterling Negative. The SNP are likely to seek another referendum on the Union which they are more likely to win than before. The splitting up of the Union could be very worrying for investors seeking certainty on the outlook of the UK.
In short there are many outcomes that may affect your price! To be kept up to date with all the potential outcomes and learn what happens please contact firstname.lastname@example.org
‘Sterling loses significant ground as election uncertainty heats up’ could be a headline next week as the most uncertain election in years takes place. Sterling lost 5 cents in the weeks leading up to the election in 2010. The same was true of the Scottish Referendum. Can you really afford to take risks with so much at stake? Many people buying a foreign currency with the pound have been locking in on forward contracts lately to guarantee they won’t get a worse rate in the future.
If you are transferring currency in the coming weeks or months please don’t take the current rates of exchange for granted, it could end up very costly. The election is such a rare unique event trying to make firm predictions could be a big mistake. Having said that it seems reasonable to expect the exchange rate will drop as it has done in the past at such times.
If you need to buy or sell it might be a good idea to make some plans as major uncertainty is due. For more information on just what to expect and how to benefit from the uncertainty please contact me Jonathan on email@example.com
GBPEUR levels are holding up well and the reason for this surprise so close to the election is the Greek story. The latest is that they have initially, up to Friday to get a budget reform plan accepted by the ECB and IMF before the next lump of funds are released to them. They also have a large amount of repayments to be made next month which is another concern. The only play they have is to make this as muddy as possible which has weakened the euro.
The deadline for the next ‘update’ probably not a solution is on Friday of this week and when this happens I expect the Euro to strengthen making buying the single currency more expensive. This however could easily be the catalysts that starts the rates on a a negative trend in the run up to the election in the UK which is just 15 days away.
What I am saying is that many experts are thinking that we will now have a negative trend start for GBPEUR levels. So if you have euros to buy in the near future you have to have a very strong argument to wait. For a full break down of forecasts, live prices and tools contact myself or the team via firstname.lastname@example.org