Tag Archives: decision

Pound slides as May comments lead to ‘Hard Brexit’ being more likely (Daniel Wright)

Sterling exchange rates have taken quite a tumble in early morning trading today, following comments from Prime Minister Theresa May over the weekend suggesting there is a higher possibility of us looking for a ‘hard brexit’ and that control of our borders appeared to be a higher focus than remaining in the single market.

Why does a hard brexit weaken the Pound?

A hard brexit leads to Sterling weakness because it could seriously hamper trade for the U.K and a report from the centre for economics and business research discovered that all sectors that create wealth for the economy would be negatively effected. Obviously a lot would depend on any agreements that get put in place but these may take a great deal of time and the worry is that it is highly doubtful that any agreement that is eventually sought does not end favouring one sector over another, which would mean someone will end up missing out.

What this does create is uncertainty for all sectors within U.K trade and uncertainty is extremely bad for an economy, a company and most importantly for a currency so this has led to the Pound dropping off and losing value all morning so far.

Supreme Court decision to change things?

One factor that may turn around the form of the Pound is the eagerly awaited Supreme Court decision on whether to overturn the need for Thesera May to have to put the triggering of Article 50 through Parliament before moving forward.

Should the Supreme Court stick with the original decision then there is a chance members of Parliament will aim for more of a say in how things are handled which may stop a full on ‘hard brexit’ and could also slow down the process a little which would hopefully give the Pound back a little strength.

On the flip side, a decision to overturn the original result may kick the Pound whilst it is down and the Sterling exchange rates may get even weaker again.

They are back together on January 11th and we expect to see a decision in the few days after this, what this does mean is that if you have a currency exchange to carry out you need to be poised and ready to react quickly.

If you are fairly busy day to day and you do not have time to watch the rates (which move by the second) then why not let one of our dedicated, helpful and friendly brokers do this for you. We have a variety of tools available to assist you in maximising your rate of exchange including rate alerts, limit orders and forward contracts.

Should you need to carry out a currency exchange involving any major currency for you business, a property purchase/sale or any other reason then feel free to contact me (Daniel Wright) on djw@currencies.co.uk personally. Please leave a brief overview of what you need to do and I will personally contact you to discuss the options available and to tailor a game plan. Please note we do not deal in cash or travel money. You can also call our trading floor on 01494 787 478 please quote Pound Sterling Forecast and ask to speak Daniel Wright.

 

 

 

Pound may surge in trading tomorrow morning if BOE minutes give a nod towards a rate hike (Daniel Wright)

Sterling exchange rates have the potential to creep up over the course of trading tomorrow morning as we have both the Bank of England minutes and the inflation report.

Interestingly enough the BOE are due to change the amount of meetings they have from 12 to 8 which I found out yesterday.

The key really will be how many members of the BOE voted in favour of an interest rate hike, should we have even one more member now in favour of a hike in rates then Sterling may rise off of the back of it as an interest rate hike is generally seen as extremely positive for the currency concerned.

If you have a currency exchange to carry out either now or in the future then it is well worth getting in touch with me personally. I can help you not only get a great rate of exchange but also with the timing of your transaction. Feel free to email me (Daniel Wright) directly on djw@currencies.co.uk and I will be more than happy to get in touch personally to speak to you.

Sterling Euro exchange rates ahead of European central bank interest rate decision and press conference – Traders and speculators alike poised (Daniel Wright)

Today has the potential to be quite a market mover for exchange rates against the Euro.  Shortly we have the Bank of England interest rate decision which we do not expect to see any great surprises crop up from, later on this afternoon we have the European Central Bank interest rate decision and press conference which has the potential to cause quite some volatility on the markets.

There is great speculation that something will be done by the ECB this time around, mainly due to comments by head of the European Central bank that they expect to put something in place during the June meeting which may be QE or indeed interest rate movements.

Either of these courses of action you would image may weaken the Euro however do be aware that there is a fairly high chance that any measures may have been priced in so we could possibly see the Euro gain strength if the actions from the ECB are not as firm as have been spoken about.

This is a key period for the Euro and if you are looking to carry out a currency exchange in the near future involving either buying or selling the Euro or the Pound then it is well worth you getting in touch with me directly as not only can I provide key market information, but I also work for a company that has won awards for exchange rates and customer service.

Please do feel free to email me directly on djw@currencies.co.uk with a brief description of what you are looking to do and a contact number and I will be more than happy to call you personally to explain the service and how I may be able to help.

Pound Sterling exchange rates steady ahead of key interest rate decisions due out tomorrow

Sterling exchange rates have remained reasonably steady in trading today as we await a number of key economic data releases towards the end of this week.

The one big mover was once again against the Australian Dollar where once again we saw comments overnight from the RBA (Reserve bank of Australia) that the strong Australian Dollar was still a problem for the Australian economy opening the door for some type of weakening in the coming months. markets do move on speculation as well as fact and this led to the GBP-AUD rate going over 1.80 for the first time in two and a half years.

Tomorrow we have the interest rate decisions from both the U.K and Eurozone and although no major rate movements are expected, any comments from the BOE (Bank of England) or ECB ( European Central bank will be jumped on immediately which may lead to a volatile Sterling Euro rate in trading tomorrow.

The main market mover will be the press conference at 13:30pm from the European Central bank assuming no surprises crop up in the earlier rate decisions.

Investors hang off of every word that comes out of Head of the European Central Bank’s mouth so if you have a pending currency transfer to carry out involving wither buying or selling the Euro it may be prudent to keep a very close eye on exchange rates at that point.

If you are looking to exchange foreign currency in the near future involving either buying or selling the Pound against any major currency then it is well worth getting in touch with me directly. Not only can I keep you up to date with the very latest market movements but when it comes to buying your currency I can also help you get the very best rate of exchange.

You can email me (Daniel Wright) directly on  djw@currencies.co.uk and I will be more than happy to get in touch personally.

European Central Bank interest rate decision leads to a little Euro strength (Daniel Wright)

The ECB (European Central Bank) interest rate decision was released yesterday and with no major fiscal changes coming from it all heads turned to the press conference held by head of the European Central Bank Mario Draghi.

Sterling – Euro exchange rates did once again test the level of 1.20 but failed to get through during the press conference and we then saw the Euro finish off with a bit of a rally back against the pound coming back down closer to the 1.19 mark.

Mario Draghi basically commented once again that he would do everything he could and he would use all the tools available to him to ensure the Eurozone makes a promising recovery.

For a full overview on this press conference click here for a great article on Yahoo about yesterday’s actions.

If you have an up and coming currency transfer to carry out involving buying or selling the Euro and you want the very best rates of exchange along with a high level of customer service then feel free to get in touch with me directly.

You can email me on djw@currencies.co.uk and I will be more than happy to assist you.

Pound Sterling exchange rates – Once again Thursday is the day that may be key (Daniel Wright)

Sterling exchange rates have been reasonably static lately against the major currencies however tomorrow has the potential to be quite a market mover.

We have Australian unemployment figures out overnight tonight followed by Industrial and manufacturing production figures for the U.K tomorrow at 09:30am. The unemployment figures have the potential to shift rates against the Australian Dollar and the production figures may affect the Pound against all majors.

Most importantly we have the Bank of England interest rate decision and any further news on more Quantitative Easing will be extremely key. For those of you that have follwed the market over the past few years it seems that every time Sterling is performing well and heading into the right direction the Government or the Bank of England step in and do something to knock it back down again so you must be aware this is the perfect time for them to do so.

Should tomorrow pass without any surprises I think the Pound may be set for another positive month now that the potential recession is out of the way and focus has turned to other troubled economies hopefully Sterling will become a currency of choice once again.

If you have an upcoming currency transfer involving buying or selling the Pound then feel free to contact me directly as I can assist you with not only getting the very best exchange rate but also a full round service of making the transaction as smooth as possible. If this sounds of interest then please email me directly djw@currencies.co.uk with a brief description of what you are looking to do and I will be more than happy to assist you.

 

Wow – We have a very buy week ahead for Sterling exchange rates – Interest rate decisions galore rounded off with Non-farm payroll data from the States to round things off

Following an extremely busy start to the year this week shouldn’t fail to keep the market volatility going…. We have interest rate decisions from Australia, Japan, Canada, UK and Europe not to mention Non-Farm payroll data from the U.S on Friday afternoon.

We do not expect any changes to Interest rates around the globe however comments and voting regarding economic  may well be key for where we se exchange rate head throughout the week.

There are many other data releases inclusive of Australian GDP and European inflation data that can also lead to big swings in exchange rates so if you have a pending currency transfer to make it is key you have an experienced and proactive currency broker on your side.

This is where we can come in and help you, not only has the company we work for won numerous awards for exchange rates in national newspapers but we have also won a National business award for out customer service.

When you call us you get straight through to a real trader and you deal with that trader throughout the entire process, we don’t do call centers and  we pride ourselves on just one point of contact, meaning the person you deal with knows your situation inside out.

If you are using a broker or your bank and you aren’t getting the attention you feel you should be surrounding your currency transfer, or you feel you may be able to get a better rate of exchange than you are currently receiving then please do feel free to get in touch with us for a direct comparison.  You can email me (Daniel Wright) the creator and owner of this site directly and I will deal with you personally if you so wish djw@currencies.co.uk or fill in the enquiry form on this page and one of our experienced currency brokers will call you straight back.

Personally I feel unless the Bank of England throw a spanner into the works the Pound may have a week of recovery however in this current market  and with the releases due out this week it is extremely hard to know exactly what may happen next, if you want to be kept fully up to date either keep checking back on this site or email me with your contact number and a brief description of your requirements as above.

The week ahead for the Pound – A lot to cram in this week before a well deserved break! Economic data out this week and what may happen

Well we do indeed have a lot to cram in this week before a long weekend and what may even be a white Easter here in the U.K the way things are going.

After last weeks pasty and petrol combo that grabbed the headlines, this week should bring a slightly more interesting and relevant amount of news as there is a lot of economic data out accross the globe.

Today – GBP EUR AUD

Already this morning we have seen manufacturing data for Germany come out worse than expected and for the U.K data has indeed been better than expected, leading to another good start to the week for the Pound against most major curencies.

Shortly we will see the release of the European unemployment figures at 10:00am and i’m fairly sure that this won’t be news to celebrate for the Euro once again.

Overnight we see the Reserve Bank of Australia release their interest decision and it has been suspected a rate cut could be in order some time soon over there, should we see this then you may find the AUD weaken once again (an interest rate cut is generally seen as negative for the currency concerned as it makes it less attractive to investors). Should you have a transfer either buying or selling AUD then a limit or stop loss order may be sensible to protect yourself overnight, email me djw@currencies.co.uk for more details on this option.

Tuesday – GBP EUR

European GDP figures are out tomorrow morning and contraction is on the cards, this may again lead to Euro weakness in early morning trading however be aware that this is expected and the markets do move on expecatations as well as facts so if this release isn’t as bad as expected the Euro may pull some ground back.

Wednesday GBP EUR AUD

Australia release trade balance figures very early on Wednesday morning, this is a measure of imports and exports and should show us just how well Australia is still riding the Chinese wave.

For Euro followers the ECB (European Central Bank) interest rate decision is out followed by a press conference in mid afternoon. Quite often the rate decision doesn’t throw too much into the mix however the press conference follwing it genrerally leads to Euro volatility depending on what head of the ECB Mario Draghi  has to say about how he plans to tackle the current crisis.

Thursday – GBP CHF CAD USD

Before trading lines open those with an interest in the Swiss Franc may see some movement as CPI (Consumer Price Index) is released, this is inflationary data however I highly doubt it is going to move the marjkets too much, the GBP-CHF rate has been fairly static to say the least of late as investors wait and see just what the Swiss National Bank will pull out of their locker next.

Industrial and Manufacturing production is next on Thursday morning for the U.K and following a fairly positive release this morning I would not be surprised to see this lead to a minor spike again for the Pound.

Heads turn to Canada at 11:00am as the Canadian unemployment rate is released, expectations are for it to stay at 7.4%  (much better than the 23% in Spain however) any change to expectations could lead to a volatile end to the week for the Pound.

The USD finally gets a go on Thursday lunchtime at the end of what is quite a quiet week for the Dollar as jobless Claims data is out (similar to unemployment and may give an indication to how Non Farm Payrolls will come out next)

Finally to round off the week the NIESR (National Institute of Economic and Social Research) release their GDP estimate for the U.K – GDP is in no doubt in my mind going to be the big talking point this month (If figures from quarter 1 for the U.K are negative we are back in a recession officially) and they are expected to predict a growth of 0.1% – Any change to this could lead to a mad end to the week and the it is going to be so tight as to whether the official figure at the end of the month is positive or negative that the Pound will no doubt be extremely jittery this month.

I personally feel the Pound may have another positive week, if you have an upcoming transaction to make either this week or in the coming months then feel free to contact me directly by emailing me djw@currencies.co.uk – The company I work for have won numerous awards for both exchange rates and customer service and if you find my site here a valuable read then having me as your personal broker should come in extremely handy too. I look forward to speaking with you.

A week of interest ahead – Interest rate decisions due for Australia (AUD) New Zealand (NZD) U.K (GBP) EMU (EUR) Canada (CAD)

Well, we could be faced with an extremely volatile week ahead with the amount of interest rate decisions we have due out and with the discussions that will follow prior to them.

First up is Australia, they release their interest rate decision overnight on Tuesday night followed by a monetary policy statement shortly afterwards, for the last few months speculation has been rife over whether or not the RBA will cut rates and on this occasion rates are expected to stay on hold. High interest rates generally make a currency more attractive and this is one of the factors that have kept the AUD strong over the past two years.

It would not surprise me to see a shock on this one, either a surprise cut in rates or a fairly interesting monetary policy statement shortly afterwards, personally I feel that should this happen we could see much better rates for buying Australian Dollars by the end of the week.

An interest rate hike is generally seen as very positive for the currency concerned and a cut in rates is seen as a negative, and the currency markets do move on rumour as well as fact, therefore even the mention of a rate cut in the future may lead to Australian Dollar weakness.

Next up is New Zealand on Wednesday night U.K time – no change is expected here however with the current global situation always expect the unexpected!

The U.K steps up on Thursday at midday, any change in interest rates would be front page news so I highly doubt we will see that, however any more QE (Quantitative Easing) could lead to Sterling weakness accross the board as we saw following the Bank of England minutes last Wednesday.

Europe is shortly after at 12:45pm and no change to rates is expected but watch out for the press conference in the afternoon, this might give indications as to current economic performance and plans to tackle certain issues inclusive of Greece which always turns a few heads in the investment world!

Finally, two releases on Friday with the Canadian Interest rate decision, i’m afraid no major shocks expected here, and the Non Farm Payroll data for the States – this can be as big a market mover as a change in interest rates as the predictions in adbvance can be wildly wrong – also this tends to affect all major currencies depending on the release.

If you have an upcoming transfer involving any of these currencies or indeed any other major currency and want me to be the eyes and ears on the market for you, then contact me directly djw@currencies.co.uk leaving a brief description of your requirement and a contact telephone number and I shall be happy to help.

Super Mario starts off with a bang and cuts European interest rate at decision to 1.25%

Breaking news, The European Central bank have cut interest rates to 1.25% which has led to a little Euro weakness… All eyes on the press conference starting shortly!!