Tag Archives: currency
Exchange rate super saver – Last day of the month/quarter and we are feeling generous so contact us today! (Daniel Wright)
Having helped thousands of new clients that have contacted me through this site I thought I may put an offer out there for anyone that has not already got in touch yet reads our updates on a regular basis.
If this relates to you then I welcome you to contact me directly with how much you are looking to exchange, what rate you have been offered and your contact number and I am confident I will be able to beat anything with our one day currency sale.
Any small improvement on an exchange rate can make your currency much cheaper to buy so this really is a great opportunity if you know you have a pending currency transfer to make.
Please note we do not deal in cash/ travel money.
All you need to do is email me (Daniel Wright) the editor and owner of this site on email@example.com with your details and I will get in touch personally.
We now have almost 60,000 regular readers each month and we would like to thank all of you for supporting our site over the years.
Inflation appears to be the main focus for both the UK and Eurozone over the last few weeks as it may have a huge impact on Sterling Euro exchange rates over the next few days.
Inflation in the UK has fallen recently from 1.9% to 1.6% which suggests that an interest rate rise in the UK may be pushed back further in to the future rather than coming sooner as previously expected. The Bank of England target is for 2% and if it consistently gets close or surpasses it then the likely scenario would be for an interest rate rise.
Eurozone inflation is currently running at just 0.4% which is worryingly low and there are fears that it may fall even further tomorrow when the data is released at 10am. If it falls we could see the ECB being forced at next week’s meeting to put in place some form of monetary policy change which could result in Euro weakness.
Also due out in the morning is Eurozone unemployment data which is arguably on of the most important factors in the economy as low unemployment has a direct impact on growth. The expectation is for 11.5% so anything lower could again result in Euro weakness.
Looming over the Eurozone is still the issue with the French government which was dissolved on Monday following internal rows within the cabinet at to whether to increase austerity measures or spend their way out of the crisis.
If you’re thinking about making a transfer to buy Euros over the next few days in may be worth seeing how tomorrow goes before buying your currency.
If you would like a free quote then feel free to contact me directly Tom Holian firstname.lastname@example.org
There is no shortage of the positive things for the pound at present. It is the only major currency genuinely on course to raise interest rates and the British economy is predicted to be one of the fastest growing in the next few months. Unemployment is falling and the economy is growing, the green shoots have for some finally sprouted…
A quick look up ahead however shows that the path to a stronger pound isn’t quite as clear as some forecasters seem to believe. There are three key elements to look out for.
– Political Uncertainty –
Usually ahead of an election a currency weakens. The Scottish Referendum in September still has many unanswered questions and it would be foolish to discount late swing votes. Markets can be fearful creatures and if sentiments turn negative the pound may lose value. Next year is the General Election which could provide plenty of opportunities for GBP weakness. Even though the Bank of England is independent from the Government will rising interest rates be an election topic? Already portrayed as the ‘mean’ party, the Tories may struggle to maintain their economic plan under a new coalition and Labour’s economic plans look very anti – business…
There is also the prospect of the UK leaving the EU, again it is the uncertainty these events present which could undermine GBP gains…
- Rising Interest Rates may derail the economy -
Rising Interest rates could do more harm than good! Property prices are principally rising in the South East, mainly London and this is skewing the market. Other areas of the country are actually seeing prices fall or remain stagnant. Rising Interest rates may serve to undermine recovery in the housing market across the housing market making it more difficult for purchasers to get a mortgage and reducing the disposable income (that is spent in the wider economy helping for example Retail sales) those with mortgages have.
Many commentators have pointed out we are in a new ‘low interest rate’ economy globally. There are drawbacks to this but perhaps the UK needs to be stronger on its feet before interest rates rise.
- A strong pound can be bad for exports and growth prospects -
There have been some of the UK’s biggest companies this week highlighting the detrimental effect the strong pound is having on their profits. Rising interest rates may serve to strengthen the pound further making UK manufacturing and service less competitive in the global economy.
All in all the pound is at multi year highs against many currencies. Assuming rates will remain where they are is a foolish assumption and anyone considering moving larger volumes of currency should note the difference even 1 cent can make on a big volume of money.
If you need to buy or sell a foreign currency we can offer assistance understanding the market and getting the best rates on your deals. We are a group of specialist currency brokers writing this blog for your help. Please feel free to contact me Jonathan directly to learn more.
U.K GDP (Gross Domestic Product) figures to be the key to Sterling performance tomorrow (Daniel Wright)
After another fairly quiet day on the market for the Pound our heads now turn to GDP figures released tomorrow morning at 09:30am. The figure is merely a revision of what we have already had released, however any adjustments outside of expectations may lead to a fairly volatile finish to the week for Sterling.
Following the U.S and their shock revision down to -2.9% in trading yesterday I would be surprised to see anything quite as dramatic come from the U.K and the good news for those looking to buy foreign currency with the Pound is that the figure is expected to be at 3.1% for the year and 0.8% for Q1 of 2014 – a lot better than the States.
We have a similar release from France at 7:45am and then some European Consumer confidence and business sentiment data out at 10:00am so there is plenty to shake the market up throughout tomorrow mornings trading. Personally I would not be surprised to see Sterling have a good solid end to the week as nothing has really come out to hinder our progress… Mark Carney could have thrown a real spanner in the works in either of his speeches yet he didn’t and economic data has be reasonably good.
If you are looking to buy or indeed sell foreign currency in the coming days, weeks or months then please do feel free to contact me directly, you can email me (Daniel Wright) on email@example.com with a description of what you are looking to do and a contact number and I will be more than happy to call you personally. I look forward to speaking with you.