Tag Archives: exchange

Sterling receives a boost following better than expected unemployment figures (Daniel Wright)

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 djw@currencies.co.uk 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 djw@currencies.co.uk

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 djw@currencies.co.uk 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.

 

Slow start to the week for Sterling exchange rates – Data to watch out for tomorrow that may affect the Pound (Daniel Wright)

The Pound has had a fairly flat start to the week against most major currencies seeing little movement so far in trading today.

Tomorrow however has the potential to do quite the opposite as we have both industrial and manufacturing data out for the U.K at 09:30am followed by the GDP (Gross Domestic Product) estimates from the NIESR (National Institute of Economic and Social Research). GDP figures basically show how much an economy grew or shrank over a specific period and this estimate in particular will be for the first quarter of 2014 so really is key. The NIESR are usually pretty close with their predictions therefore this data release can have an impact on the value of the Pound once released. It is due at 15:00pm so keep a keen eye on the markets around this time tomorrow afternoon.

Economic data is fairly sparse from other economies around the world tomorrow so if the U.K releases are much different than expectations it could lead to a fairly volatile day for Sterling.

For those with an interest in Dollars or anything that is pegged to the Dollar then Wednesday night may well be key for you, we have the FOMC minutes from the last U.S interest rate decision which will show us exactly what was discussed regarding tapering of QE (Quantitative Easing) and interest rate movements in the future.

If you have the need to buy or sell any foreign currency and you want to maximise your rates of exchange then it is well worth getting in contact with me directly, the company I work for has both won awards for our rates of exchange and also our great levels of customer service.

Feel free to email me (Daniel Wright) directly on djw@currencies.co.uk with a brief description of your requirements and a contact number and I will be more than happy to contact you personally.

How will the pound perform in April?

Well what a difference a year makes. A year ago sterling was trading at a low of 1.16 and economists were lining up to explain a possible triple dip recession. Most of the UK was also enjoying a nice thick blanket of snow too!  Since then the pound has made a solid recovery and we are predicted one of the hottest summers in years, although just like forecasting currency movements, forecasting weather can be unreliable.

The advantage of forecasting currency however is market knowledge and understanding of what is actually driving exchange rates. 80% of currency transactions and therefore 80% of the reasoning behind currency movements is speculative. That is investors buying and selling foreign exchange to make a profit. Once you understand some of the key things they are looking for, you can begin to understand and forecast what may happen in the future.

This week there are a range of data releases which could affect sterling and also the currency pairs it trades against. One important thing to point out at this stage is interest rates. Interest rates affect currency in a similar way to the way a higher or lower interest rate affects a bank account. So as a central bank (the Bank of England, European Central Bank, Federal Reserve) seek to raise or lower their base interest rate investors (remember most currency movements are speculative) move money around according to where they feel it will offer the best return. To learn what will affect your transaction this month email me jmw@currencies.co.uk. This may be of interest for anyone buying or selling an overseas property, anyone who needs to move a large volume of currency and wants to get the best deal.

The UK is looking at raising interest rates well ahead of other leading economies which is an underlying reason why sterling is stronger against a range of currencies. Having been set at 0.5% for close to 5 years now there is an expectation interest rates will rise in 2015. As we are slowly coming out of this abnormal period of low interest rates (and it will be slow and gradual) we will start to see sterling exchange rates rise.

Getting the best exchange rate involves looking at the timescales that you have and assessing the market in that period. This website has directly assisted 1000′s of clients and is also read by many more who I am sure appreciate our expert opinion and knowledge. If you are considering a currency exchange buying or selling the pound understanding what is likely to happen on the market is the best way to maximise your return. We offer a personal proactive service to maximise your exchange rate through careful monitoring and analysis of the market and your unique position.

As we buy direct into the currency market we would never have real trouble undercutting other sources of currency such as and including currency brokers and banks. Making a comparison on a large volume of currency could potentially save you hundreds if not thousands of pounds. If you would like to learn more please contact me Jonathan on jmw@currencies.co.uk or please call 01494 787 478

Will the pound weaken again?

Sterling has found favour today due to the impressive Retail Sales figures showing the UK is on the up. Sterling seems to have shaken off the more recent wobbles and is now looking like a safe bet to make further gains in the future. If you need to make a transaction involving the pound, I would strongly recommend speaking to us to find out the very best rates of exchange and allow us to explain the current forecast. Please feel free to drop me a line on jmw@currencies.co.uk

The outlook on the pound is positive and the recent euro gains against the pound look set to be on the back burner for the time being. If you need to sell euros to buy the pound then I would focus on making the transaction sooner rather than later as the longer term prediction would appear to favour GBP. The main driver in this situation will be the likelihood of any interest rate hike, tomorrow’s UK GDP data whilst old news, could act as a very interesting trigger for further GBP strength.

We are currency specialists, experts in forecasting and managing client risk to the foreign exchange market. If you need to make a transaction and want the very best rates and service please contact me Jonathan on jmw@currencies.co.uk. I am very confident of being able to undercut any other firms and save you money.

Sterling starts to slide back against Euro and most major currencies – Is this the end of the spike? Sterling set to do well against all major currencies? Is it time to take advantage and sell Euros? (Daniel Wright)

Sterling exchange rates have crept back a little against the Euro over the past week or so and for me this creates a great selling opportunity for anyone out there looking to sell Euros as a result of a property purchase or to convert any residual currency your business has at present.

Of course nothing is certain and especially not in this current market but I personally feel that Sterling is still due a fairly good year as long as no major surprises arise.

The Pound has still had a fairly good performance so far this year against most majors with it being up  by 5% against the Canadian Dollar and South African Rand, 0.4% against the Dollar and even with this slide Sterling is only down 0.76% against the Euro in trading since the start of the year.

With almost constant positive comments about the economy being very much on the up and the housing market now firing on all cylinders then we are slowly starting to see things fall into place for a potential interest rate hike which I would be very surprised not to see be heavily commented about in the coming months.

For those of you that are not aware an interest rate hike or indeed the mere mention or speculation of it can lead to a spike in the value of that particular currency as it makes it more attractive to investors and therefore demand goes up as does the price.

When interest rates are cut we tend to see the opposite.

We do still need a few things to fall into place for Mark Carney’s (Governor of the Bank of England) plans, such as wages coming back into line with inflation to make this a possibility as it seems that a great deal of spending still may be from savings as opposed to people in the U.K really having more money in their pockets.

Are you looking to carry out a currency transfer in the coming days, weeks or months? If you are then you may be able to end up with more money in your pocket by using the company I work for instead of your bank or current choice of currency broker.

Whether you are based in the U.K or not I can assist you.

Benefits to you of 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 54,000 satisfied clients
  • We are registered with the FCA and Authorised as a Payments Institution
  • We have been voted 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
  • We are a PLC

All in all you can have the confidence that you are dealing with professionals in all aspects of the business with years of experience in each department from trading to compliance to payments so why not get in touch with me directly today. All you need to do now is email me (Daniel Wright) 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 get in touch personally.

Best rates for selling Euros are now back for a few weeks. (Ben Amrany)

Yesterday we witnessed the pound take a hit against the Euro after two key interest rate decisions assisted the Euro to significantly strengthen against the pound. Both central banks decided to keep their base rate of interest on hold but it was the press conference after the release that assisted the Euro to strengthen. President of the ECB Mario Draghi stated that the Euro is an island of stability and he was talking up the growth forecasts and recovery for the region.  All this went some way to cause GBP/EUR to drop down to a low of 1.2055 and we have not seen a recovery as of yet today.

I have been stating for a while that when GBP/EUR tends to move towards 1.22 which it did yesterday morning before the rate decisions something comes out which hammers the pound and causes it to lose 1/2 cents over the coming days. We have seen this exact movement occur once again and we are now back down hovering just above 1.20. Should the ECB continue to talk up growth within the single currency then we could easily see a dip back below 1.20 in the next few days.

If you are selling Euros then this is a good gain in 24 hours and you should be in a position to act on selling if you see a further gain that is attractive to you. If you are looking at buying you may be wise to see what occurs in the next month but as stated if you see the rate head towards 1.22 you should act as we do not tend to push through this level.

Please do email or call myself Ben Amrany at bma@currencies.co.uk with your requirement and I will explain the options available to you.

If you are in the situation needing to move money internationally and looking for the best price – please feel free to contact the author – Ben Amrany – via the telephone number at the top of the page or via email at bma@currencies.co.uk

 

 

 

 

Australia leave interest rates on hold – Tension still apparent in Ukraine – A little construction data for the U.K to set the scene for the day for Sterling (Daniel Wright)

Last night Australia left their interest rates on hold  at 2.5% which was expected and this has led to the Australian Dollar holding fairly steady in trading overnight and this morning.

Personally I feel any Australian Dollar movement in the coming days will be based on two factors – GDP (Gross Domestic Product) figures tonight and the ongoing situation between Russia and the Ukraine. Should things really start to get bad over there then global attitude to risk will no doubt be affected and this could lead to investors and speculators starting to drop the ‘riskier’ currencies like a stone which may lead to Australian Dollar weakness.

This morning we have the release of Construction data for the U.K which could be the first good indication as to how much the dire weather conditions have actually impacted on the economy.

The rest of the trading day is looking fairly quiet so depending on what we see from this release, this may set the scene for the rest of the day for the Pound assuming no major surprises crop up… which you can never rule out with all that is going on globally right now.

As mentioned in my post yesterday the week really starts to hot up tomorrow so if you are looking to carry out a currency transaction involving wither buying or selling the Pound then it may be prudent to contact me directly as I can help you both with timing your transfer and getting a better rate than your bank or current broker when you do decide to book out your currency.

To get in touch with me (Daniel Wright) directly then feel free to email me on djw@currencies.co.uk with a description of what you are looking to do and I will be more than happy to assist you personally.

Sterling exchange rates at fantastic levels for buying foreign currency – Will these rates last? (Daniel Wright)

GBP-EUR rates closing in on 12 month high once again

GBP-USD rates near to a 4 and a half year high

GBP-CAD rates near 5 year high

GBP-AUD Near 4 year high

Great time to buy!

Sterling exchange rates are currently at great buying levels compared to what we saw available throughout the course of 2013 as shown above!

We have an exciting year ahead with plenty going on in the market and as always I shall endeavor to keep you all full up to date with all the action.

This week has been fairly quiet on the economic data front, and exchange rates have been fairly flat.

Next week brings the start of March and what this means is that we will start to see the releases of economic data from February. One thing to really bear in mind is that throughout most of February parts of the U.K were almost at a standstill – With terrible flooding virtually shutting down entire towns and villages, not to mention seriously affecting transport links.

In my opinion this must have really weighed heavily on the economy and it could start to show in the coming weeks. Of course the U.K has been on the charge of late in terms of economic data so a slight halt in progress could easily push Sterling down a little again.

Of course you never really know just what is coming next for the Pound as many of you will be well aware, but this is certainly a potential point to take on board if you are looking to buy foreign currency in the coming weeks.

If you have a requirement in the future but you do not yet have the full availability of funds you can book out a forward contract. This is where you can book a rate out for up to a year in advance with just a small deposit, removing the risk of the currency market making your purchase any more expensive in the future.

This is ideal if you are in the process of buying a property overseas as you can know exactly how much the property is going to cost you today and eliminate the risk of the Pound dropping away again and missing out on this great opportunity.

I look forward to speaking with you if you have any questions or queries or you would like to book out a rate of exchange. All you need to do is email me directly on 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.

Pound Sterling exchange rates at brilliant levels once again!

Daniel Wright

Daniel Wright

Sterling exchange rates rose against all major currencies yesterday following Governor of the Bank of England Mark Carney speaking shortly after the quarterly inflation report for the U.K.

Carney, who is now getting a reputation for talking the Pound up compared to Sir Mervyn King who seemed to have an ability of making the Pound drop like a stone increased growth forecasts and spoke about the possibility of interest rate hikes and what would need to be met in order for him to start seriously considering hiking rates. In fairness to King he was in a much more dire economic situation than Carney, however for anyone looking to buy foreign currency with Sterling Mr Carney should be added to your Christmas card list at the moment!

As mentioned in my previous post I feel there is still a little risk of the flooding starting to weigh on the U.K economy which is one to be a little wary of if you are looking to buy foreign currency in the near future, however news yesterday can only be seen as good for the time being.

If you have a requirement either now or in the future to buy or sell foreign currency then is would be sensible to get in touch with me directly so that I can assist you both with the timing of the transaction and get you a great rate of exchange when you come to carry it out. I cannot ever directly advise you however with years and years of experience in the currency markets having me on your side should help to save you money.

Feel free to email me (Daniel Wright) directly on djw@currencies.co.uk with a description of your requirements and a contact telephone number and I will be more than happy to give you a call.

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