Tag Archives: england

Inflation data to be key tomorrow with unemployment taking centre stage on Wednesday (Daniel Wright)

Tomorrow  morning we have the release of inflation data from Europe first thing and from the U.K and this will be key for how the day pans out for both the Pound and Euro exchange rates.

Inflation can be a key data release and will no doubt show how much movement there is for a change in fiscal policy along with how an economy is performing.

On Wednesday morning we have unemployment and claimant count data for the U.K – Should we continue to see positive moves forward from ‘Brand Britain’ post referendum then the Pound may be in for a seriously good week… Any back tracking and investors and speculators will no doubt start to lose confidence and the momentum that Sterling has currently gained may well start to slip along with the rate of exchange.

Thursday may be the busiest day of all, with the Bank of England interest rate decision and U.K Retail sales figures.

If you have a currency exchange to carry out over the course of the week or indeed in the near future then it is well worth getting in contact with me directly as I should be able to save you a great deal on your exchange rate, even if you have al;ready been dealing with a broker for a long period of time it is rare that we cannot show a client a saving.

Feel free to contact me (Daniel Wright) on djw@currencies.co.uk or fill in the form below and I will personally get in touch to explain in more detail.

Key day for Sterling exchange rates today – Bank of England interest rate decision (Daniel Wright)

We have a key day for Sterling exchange rates today as we have the Bank of England interest rate decision, meeting minutes and Governor Mark Carney also speaks shortly afterwards.

There are a number of possible scenarios which I will outline below.

  1. Interest rate cut and a nod to further QE (Quantitative Easing). This will more than likely lead to Sterling weakness this afternoon as although the rate cut is expected and almost priced into the market, more QE would be seen as a negative for the Pound and could cause the rate to drop off.
  2. Interest rate cut and no QE. I actually think this would give the Pound a boost, again the cut is pretty much priced in but no movement on QE for the foreseeable would be likely to boos the Pound.
  3. No interest rate cut. I still think this is a possibility however a small one but this would give Sterling strength.
  4. A cut and then an aggressive stance in the speech on economic policy. We may see a rate cut and then Mark Carney could come up with an aggressive stance on where we head next which would more than likely lead to weakness for Sterling this afternoon.

All in all, I would say there is more chance of Sterling dropping than going up today but I wouldn’t fall off my chair if we finished the day higher than where we are now. The rate cut will not make a huge difference but what is carried out or spoken about around the rate cut will be the most important part to follow is what we see in the minutes from the meeting and what Mark Carney says in his speech shortly after.

Should you need to exchange currency either now or in the near future then it is highly important to have an experienced and proactive broker on your side, and of course someone that will get you a top exchange rate. I have so many new clients come to me through this site that have used the same broker for years and become comfortable with them to the point where they do not check prices any more. Pretty much every one of these people ended up using us as they found that their loyalty had led to their rates being nowhere near as good as they were when they first starting using their current broker.

Here at Pound Sterling Forecast we do not only offer market information but we also work for a huge currency brokerage in the U.K with a big buying power, meaning we can get our clients extremely good rates of exchange. If you would like to get a quote, speak about a pending currency exchange or just to get some more information on our service then feel free to email me (Daniel Wright) the creator of this site and I will be more than happy to get back to you personally. You can email me on djw@currencies.co.uk and I will aim to get in touch as soon as I can.

RBA cut rates in Australia as expected – U.K PMI Construction out this morning – Will it follow the doom and gloom of yesterday? What will the Bank of England do? (Daniel Wright)

Overnight the RBA cut interest rates in Australia leading to a slight drop in the value of the Australian Dollar and a small buying opportunity for AUD buyers.

The cut was widely expected by the markets so we didn’t see a huge movement in rates, I feel that many investors and speculators are waiting to see what happens with the Bank Of England on Thursday at 12:00. Again, an interest rate cut is expected so I wouldn’t see this having a huge impact on exchange rates however the most important factor on Thursday will be the minutes from the meeting, if we see any nod to QE (Quantitative Easing) and what they suggest could happen next for the U.K economy.

QE is basically printing more money and is generally seen as negative for a currency, so if they do introduce more this is where the Pound may slide. Any other comments on future fiscal policy may also give the Pound an extremely volatile afternoon so keep a close eye on exchange rates this Thursday.

First thing today we have U.K PMI construction figures at 09:30am – This is also one to watch as yesterday the manufacturing figures were the worst since Feb 2013 and led to a drop in the value of Sterling. Throughout August we will continue to see the first full data sets post brexit so the Pound may be in for a tough month.

Should you be in the process of buying a property, sending money overseas for your business or exchanging currency for any other reason then it is well worth getting in contact with me (Daniel Wright) the creator of this site directly. It is rare that we cannot help clients get a better rate than they are being offered elsewhere and we also but a lot of effort into helping our clients time their purchase. You can email me on djw@currencies.co.uk with a brief description of your requirements and a contact number and I will be more than happy to deal with you personally.

Pound rallies as the Bank of England leave rates on hold – Boost for Sterling exchange rates (Daniel Wright)

Today we have seen the Pound gain value against every major currency following the Bank of England members voting 8-1 to keep interest rates on hold.

An interest rate cut had been expected by the financial markets and somewhat priced in so the fact that this did not happen led to the Pound gaining back some of the value it had lost.

For anyone looking to buy foreign currency this is a welcome result as your up and coming currency purchase has just become a little cheaper! One word of warning is that Mark Carney did state that easing would more than likely have to happen next month so don’t feel like we are not going to see an interest rate change or other easing bought in, it has just been merely delayed for the time being.

I would imagine the recent change in the political position has had an impact in this decision and that the Bank of England now wish to hold fire on making any sweeping moves to see how the land lies once the dust has settled.

We deal a lot with clients looking to buy or sell overseas property and I had a good long chat with the managing Director of Girasol Homes, a property finder for clients looking to buy property in Portugal and Spain (they do also cater for those looking to sell). We discussed the current market conditions and everything really is a lot more positive than many people have been led to believe out there in the overseas property market.

Those looking to sell have seen a welcome boost in the value of their Euros should they need to bring money back into GBP and those looking to buy  are only a few cents from the rolling ten year average for GBP/EUR so the market really isn’t in that bad a place. Those buyers that do have concerns about market conditions could also approach the possibility of hedging their position a little with a mortgage, this appears to be an inceasingly popular approach.

Should you be looking to buy or sell in Spain or Portugal and you would like to speak with Nigel about the market or how he will be able to help then feel free to visit www.girasolhomes.co.uk or email him at nigel@girasolhomes.co.uk quoting Pound Sterling Forecast so he knows where you found him.

Back on the currency front we have a fairly quiet day for most currencies now but overnight we have Chinese growth figures which should impact the Australian Dollar, and European inflation/trade balance figures at 10:00am tomorrow.

Mark Carney, Governor of the Bank of England is speaking tomorrow at 1pm so for anyone with an interest in buying or selling Sterling it would be well worth you getting in touch with us directly so that we can keep you in touch with the action.

Not only do we ensure clients get up to the minute market news but we all work for a brokerage turning over roughly a billion pounds worth of currency a year, meaning we could probably get you a better rate of exchange than your current provider or bank due to our buying power.

If you would like to get a quote or to find out more information about our award winning rates and customer service then feel free to email me (Daniel Wright) directly on djw@currencies.co.uk and I will be happy to get in touch personally.

Sterling exchange rates have a quiet start to the week – Tomorrow and Thursday are sure to be different! (Daniel Wright)

So far this week we have not seen a great deal of movement for Sterling exchange rates but may that be about to change?

Tomorrow morning we have industrial and manufacturing figures out for the U.K and following poor construction figures last week, investors and speculators will be poised to see how the U.K performed in these sectors during April. Both releases are due out at 09:30am tomorrow morning so if you have an imminent exchange to make it is well worth tracking the market shortly after this time.

Thursday has the greatest potential for market volatility as we have the Bank of England interest rate decision, inflation report and the meeting minutes from the interest rate decision.

It is highly unlikely that we see any changes to interest rates however investors and speculators alike will be watching to see if any of the 9 members of the BOE have changed their stance with which way they would like interest rates to move.

The inflation report will also be of great importance, Mark Carney (Governor of the Bank of England) will give an overview as to what he plans to do about the current level of inflation and any potential changes to forecasts or fiscal policy may also result in a volatile day for Sterling exchange rates.

With releases like this coming out all the time it is key that you have a proactive and reliable broker on your side should you be due to carry out an exchange and that is where I can step in.

If you have the need to buy or indeed sell Sterling for your business, due to a property purchase/sale or for any other reason then it is important to have a proactive broker on your side and one that can get you the very top levels of exchange – It is very easy to settle for second best in this market but it is key to realise that even the slightest improvement in a rate of exchange can save you a huge sum of money.

If you would like to have a brief discussion with me (Daniel Wright) as to how I will be able to assist you with any pending currency exchange then feel free to email me directly on djw@currencies.co.uk  and I will be more than happy to get in touch with you personally. We can cater for people inside our outside of the U.K and carry out bank to bank transfers.

Sterling exchange rates start the week on the front foot (Daniel Wright)

Sterling found rare form in trading today as we saw gains for the Pound against all major currencies.

A huge GBP/JPY transaction in early morning trading and the positive news regarding jobs at Tata steel led to Sterling starting the day off on the front foot and that trend generally continued throughout the trading day.

This bought a great opportunity for those looking to buy foreign currency after what has been a fairly dire few weeks for Sterling against pretty much every currency.

Will Sterling strength continue this week?

The main question now is will Sterling continue to gain ground this week and the answer may lie in how inflation levels come out for the U.K tomorrow morning. As I mentioned in my post on Saturday the Pound really needs a catalyst to give it some strength and if inflation has risen then this may be the catalyst we are looking for. Inflation is one of the key factors that will impact an interest rate decision and although there is no doubt we will not see rate movements anytime soon a rise inflation will still be taken as positive.

On Thursday we have the Bank of England Interest rate decision, meeting minutes and monetary policy summary. This is the sort of data release that can lead to sharp volatility as surprises can pop up in the minutes from the meeting. Investors and speculators will sift through them with a fine toothed comb looking for signs for what the next BOE move may be.

If you have the need to buy or indeed sell Sterling for your business, due to a property purchase/sale or for any other reason then it is important to have a proactive broker on your side and one that can get you the very top levels of exchange – It is very easy to settle for second best in this market but it is key to realise that even the slightest improvement in a rate of exchange can save you a huge sum of money.

If you would like to have a brief discussion with me (Daniel Wright) as to how I will be able to assist you with any pending currency exchange then feel free to email me directly on djw@currencies.co.uk and I will be more than happy to get in touch with you personally.

Chinese growth figures tonight and Inflation data for the U.K tomorrow morning are key for the next 24 hours of Sterling movements (Daniel Wright)

So tonight we will see the latest growth figures from China and expectations are for the worst figure they have released in quite some time. Should this be the case then we may have weakness for the Australian Dollar and NEw Zealand Dollar yet may see further strength for the Euro, making it even more expensive to buy.

There are just so many factors impacting the value of Sterling against other currencies at present including uncertainty surrounding the ‘brexit’ oil prices, China, poor economic data and little potential for interest rate hikes this year.

Tomorrow morning will be the first economic data of note for the week, we have a flurry of inflation data out for the U.K at 09:30am and this may really set the scene for the rest of the trading day as long as China hasn’t had too much of an impact prior to its release.

Bank of England Governor Mark Carney speaks at 11:00 and you can be sure that investors and speculators will be hanging off of his every word, especially if inflation happens to have thrown up any surprises earlier in the morning.

All in all we are set for a fairly volatile day for Sterling exchange rates and however hard to predict I actually feel the Pound may have a better day than we have seen of late and that we may see a chunk taken out of some of the recent losses.

Here at Pound Sterling Forecast we pride ourselves on not only providing regular and informative market data but we also can handle currency exchanges too. All authors on this site work for a brokerage assisting clients with large currency transactions day in day out and we would love to assist you too. If you are new to the site or have been following for a long time then feel free to contact me (Daniel Wright) directly and I will be more than happy to respond to you personally.

You can get in touch with me by email on djw@currencies.co.uk or by contact me on  01494 787 478 (0044 1494 787 478 if abroad) during our U.K trading hours (08:30am – 18:00pm).

Sterling exchange rates set for a busy morning of inflationary data tomorrow (Daniel Wright)

First and foremost I would like to offer the thoughts and prayers of all writers here at Pound Sterling Forecast to France.

I for one will be belting out the French national anthem at the England – France game tomorrow at wembley just to help prove that the world is with you and that we are all in this together. All the majority of us want is peace.

Back to currency and the Pound is indeed set for a busy morning on the markets tomorrow morning as we have the Bank of England inflation report and then a flurry of inflation data to follow later on in the morning.

Inflation has been a key concern for the BOE of late and that will no doubt be highlighted in the report, this may lead to a little Sterling weakness initially if that should happen. The report is due at 9am.

Shortly after this at 09:30am we have all inflation data out at once, a slight move north from the -o.1% we saw last time for CPI (Consumer Price Inflation) may give Sterling a boost back in the right direction however of course if we see the opposite then the Pound may be in for a bad day.

If you are due to carry out a currency exchange involving buying currency with Sterling or bringing money back into Pounds then I can help you. The brokerage we all work for turns over half a billion Pounds worth of currency a year so we can get extremely good rates of exchange for our clients, we also pride ourselves on the very highest level of customer service too.

If you would like to enquire as to how to use our services or just to get a quote then feel free to contact me (Daniel Wright) directly by emailing Djw@currencies.co.uk with a brief description of what you are looking to do and a contact number and Iwill be more than happy to contact you personally.

Sterling flops following inflation drop off – Pound finishes the day down against all major currencies (Daniel Wright)

Sterling has been performing about as well as the England rugby team over the past few weeks and I am afraid that trend has continued today.

Inflation figures released this morning led to further Sterling weakness and it seems like the chances of any interest rate hike in the U.K have been pushed back even further once again.

Interest rate hikes or even the mere speculation of an interest rate hike can be very positive for a currency and the fact that this has effectively kicked the ball down the road has now led to Sterling dropping off considerably.

I am still of the opinion that this is a minor blip for Sterling exchange rates and that we may see a Sterling fight back in the near future however I would now suggest that any pending currency exchange you need to make is approached with caution and it may be sensible to look at exchanging a small chunk or even half of your requirement fairly soon to remove a little of the risk.

Tomorrow morning we have U.K unemployment figures and average earnings figures released at 09:30am. These are extremely important again for the U.K and will have further impact on what the Bank of England do next.

Expectations are for a small rise in average earnings which may give the Pound a little strength back, unemployment figures are expected to remain at 5.5% so any figure that differs from this may cause us another volatile morning of trading.

We assist with not only getting you the very best of market information but for those that are not aware we can actually save you money on the exchange rates when you come to booking out a transfer too. The company all of the writers of this site work for has won numerous awards for rates of exchange and customer service and we would love to add you to our book of over 50,000 clients.

If you were planning on using a bank or already have a currency brokerage lined up then it would be mad not to email me for a quote and to see how I can help you. You can contact me (Daniel Wright) the chief editor of this site 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 get in touch with you personally.

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.