Tag Archives: currency
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.
The Pound has had a really good morning against all major currencies this morning following much better than expected unemployment figures for the U.K and also news that after six long years wage growth has now overtaken inflation.
Both of these factors have led to a spike in the market for Sterling which is great news for anyone looking to buy foreign currency in the near future.
If you are in the process of buying a property overseas then your dream home abroad has indeed just become a little cheaper for you!
We have some European inflation data out shortly and then this afternoon we have the Canadian interest rate decision and statement so keep a keen eye on exchange rates between 3-4pm this afternoon.
Personally I think the Pound has the potential now to kick on once again as long as we see this positive trend continue in terms of economic data.
If you are looking to buy or sell foreign currency in the near future then it is well worth getting in touch with me directly. Not only can I help you achieve better exchange rates than your bank or current broker but I can also help you with the timing of your transaction with years of knowledge of the currency markets. Feel free to email me directly on firstname.lastname@example.org with a description of what your requirements are and a contact number and I will be more than happy to assist you personally.
Do you need to exchange foreign currency? Whether you plan to use your bank or already have a currency broker in place we can more than likely save you a great deal of money! (Daniel Wright)
I have now had thousands of new clients contact me through this site in the 4 years I have been running it and have found that I have been able to save the vast majority a great deal of money on their foreign exchange needs.
Some were planning to just send money through their banks and others have used a broker a few times already if not for years…. I would say 99% of people that have got in touch have got a better rate through me than the other options they have available.
For the sake of taking two minutes to email me directly you may potentially save yourself thousands of Pounds so if you feel that our award winning exchange rates and level of customer service may be of use then feel free to contact me (Daniel Wright) on email@example.com
Benefits of you getting in touch and dealing with me are:
- I will be your personal account manager, so you have one point of contact for all transfers
- We have been trading for over 14 years and are one of the UK’s leading specialist foreign exchange companies with over 45,000 satisfied clients
- We are registered with the FCA and Authorised as a Payments Institution
- We have achieved Best Currency Deals, Best Currency Provider and Best Exchange Rates 3 years running by the Sunday Times as well as more recently by The Telegraph. I am confident I will get you the best rate.
- We have been recently voted as a finalist in the Orange ‘National Business Awards’ for customer service
- We are purely an execution only service and we do not speculate with your funds, or company funds
If you feel that you are not getting the very best rate of exchange that you can through your bank or current broker or feel that there is room for improvement on the service side of things then it may be prudent to get in touch.
Once again all you need to do is email me (Daniel Wright) on firstname.lastname@example.org with a contact number and a brief description of what you are looking to do and I will be more than happy to contact you personally.
Next week we have a fairly busy start with key inflation data on Tuesday morning for the U.K followed by unemployment figures on Wednesday, keep checking back here for further information on how this affects the strength of the Pound.
Good afternoon Readers! The pound is at some truly excellent levels currently, levels that should not be easily dismissed in the hope of much better rates. If you need to buy or sell currency there are a few pointers to note that will make your life easier and your wallet heavier!
Accept that you will not get the ‘top’ or the ‘bottom’ of the market. All too often I am managing one of my client’s currency exposure and they base all their calculations on a recent high. So for example selling Euros to buy pounds at 1.19 or buying Euros with pounds at 1.22. If you do this you are likely to be disappointed. Speak to me about what is a more realistic rate to achieve by calling 01494 787 478 or why not email me email@example.com
Do your research! There can be major difference between the exchange rates offered by banks and currency brokers like us. But there can also be major differences between the rates offered by different brokers. Here at poundsterlingforecast.com we seek to undercut other brokers and on large volumes the differences can be significant.
GBPEUR is currently 1,2131, GBPUSD is 1.6751, GBPAUD is 1.7921 and GBPCAD is 1.8261
Getting the best exchange rate on a large volume currency transfer (£10,000 +) makes a big difference to the amount you receive. If you are transferring a sum of this size and want to learn the current forecast please contact me on firstname.lastname@example.org for the very best rates and latest news on what will move your rate!
RBA minutes lend support to the Australian Dollar. Focus now on the UK’s budget and Bank of England minutes tomorrow (Mike Vaughan)
Sterling has started poorly against most majors pushing close to the 1.18 territory on GBP/EUR, back into the 1.65s for cable (GBP/USD) and 1.82s on GBP/AUD.
The Australian dollar has rallied following the release of the latest minutes from the Reserve Bank of Australia. In their assessment they were clear that it would be unlikely to see further interest rate cuts in the near future and they also appear to have taken a different stance on the value of the Aussie. Previously the RBA had always cited concerns over the strength of the dollar and the impact this would have on their exports. This view seems to have now somewhat changed and the central bank said that “decline in the exchange rate seen to date would assist in achieving balanced growth in the economy”. This suggests the RBA is comfortable with the current level, has the recent sell off for the Aussie stopped for now?
Looking at the pounds moves this week and the main talking point will be tomorrows budget. Other areas should also be focused on with a speech from Mark Carney this evening, should he be cautiously optimistic, as he has been in the past, will the pound find some strength this afternoon? Also tomorrow will see the release of the Bank of England minutes at 09:30. This will give insight as to how the MPC voted at the last interest meeting and will give a nod towards future monetary policy the bank may have in store.
As mentioned we also have the budget at 12:30 which could be a market mover as well depending on any revisions to the growth and borrowing forecasts. Alongside patting himself on the back it will be interesting to see what Osborne puts out on offer and how this affects sterling exchange rates.
Finally looking at the US dollar, Wednesday will also be an important day with the release of the Federal Reserve minutes and their interest rate decision. Rates are expected to remain on hold but look for clues as to what the bank may have in store for future tapering, a continuation in current policy and I would expect support for the dollar.
To get further insight into the currency service we provide and to discuss the current market trends in more detail please do not hesitate to contact me. I would be happy to run through the service and the various contracts we can offer to see if we can help you save money when compared to your current provider. Please email Mike at email@example.com