Tag Archives: exchange

Retail sales tomorrow morning and growth figures on Friday to be key for Sterling exchange rates (Daniel Wright)

Tomorrow morning we see the release of Retail Sales figures for the U.K followed by GDP (Gross Domestic Product) figures on Friday morning.

Retail Sales are expected to have dropped off a little and growth figures are due to show economic growth for the third quarter of 2014 to be at 0.7%.

Sterling has had a fairly flat week as far as currency movements go so these next few days may give us a grandstand finish.

If you are looking to exchange foreign currency in the next few days or indeed weeks then feel free to get in touch with me directly, even if you want a quick comparison to make sure you are getting the most for your money.

You can 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 with you personally.

Pound Sterling Forecast – The Week ahead for Sterling exchange rates (Daniel Wright)

There are plenty of points of interest for those following Sterling exchange rates this week so below is a summary of what lies ahead and how it may affect your rate of exchange this week. Please do remember that if you find our information useful then we do also carry out currency exchange for clients looking to buy or sell foreign property, businesses that have the need for foreign exchange and all sorts of different reasons so it is well worth getting in touch with me (Daniel Wright) by email on djw@currencies.co.uk if you would like access to award winning exchange rates and customer service.

Tomorrow is reasonably quiet for most major currencies similar to today, however for those following the Australian Dollar you should be aware that deputy Governor of the RBA (Reserve Bank of Australia) speaking this morning at 09:55am which, depending on what he says may lead to a little market volatility for AUD exchange rates throughout the course of the morning. Overnight we saw a flurry of economic data from Chinas including growth figures which came out than expected and have indeed give the AUD a little already today.

Wednesday is when the data really starts to hot up and we have data that may affect GBP, USD, CAD, AUD and NZD rates of exchange so if you are looking to trade any of these currencies in the near future you need to make us aware so we can get in touch if there is a large movement. Feel free to email me Daniel Wright directly on djw@currencies.co.uk or to call us on 01494 787 478 so that we can act as your eyes and ears on the market and highlight any buying opportunities.

U.K starts the ball rolling at 09:30am with the Bank of England minutes from their last interest rate decision. The minutes will basically let us know how the 9 members of the MPC (Monetary Policy Committee) voted at the latest decision in terms of interest rate change. Any change in favour the number of members voting in favour of an interest rate hike could give the Pound a boost and if we have fewer members opting for rates to rise, Sterling may drop substantially.

At 13:30pm we have inflation data from the States and expectations are for a slight drop from 1.7% to 1.6%. We may see a little Dollar weakness if inflation levels are any lower than this level, just like we saw a week ago for Sterling when rates plummeted following a much lower than expected CPI level.

Canada quite possibly has the most to offer in terms of economic data on Wednesday with Retail Sales, Interest rate decision, rate statement and a press conference all out between 13:30pm and 16:15pm. Retail Sales are expected to have improved slightly which may push the Canadian Dollar back down toward the 1.80 level but do be cautious that with the rate statement and during the press conference a dip may be temporary as any negative comments could knock the Canadian Dollar straight back down again.

The Antipodean currencies then take center stage with Governor of the RBA Glenn Stevens speaking at 22:00pm and inflation data coming out for New Zealand at 22:45pm. Both of these data releases are out overnight any many regular readers will remember it was only a short period of time ago that the RBA Governor commented that he felt the AUD was overvalued which led to sharp movements for the Australian Dollar overnight. If you are looking to buy or sell AUD or NZD then it may be prudent to look at one of our various contract types including a limit order or stop loss, contact me to find out how these options work.

Sterling then takes the reigns for the rest of the week with Retail Sales figures due on Thursday morning and GDP (Gross Domestic product) data due on Friday morning. Expectations are for Retail Sales to have dropped off a little and for our growth figures also to have retracted ever so slightly which may give the pound a tough end to the week.

If you would like to make the very most of your money then it is extremely important you have a proactive broker on your side with access to great rates of exchange. Feel free to contact me direct by email djw@currencies.co.uk or calling 01494 787 478 and I will be more than happy to assist you personally.

 

 

Sterling rates are looking very tempting now….

As we get closer to the general election in 2015 the pound will become vulnerable, just look at what the uncertainty surrounding Scotland did to the pound. If you are buying an overseas property or planning business forecasts in 2015, this will pass very quickly.

Very importantly for October Business confidence and spending generally is likely to have dipped in September so the releases this month which have already shown losses for the pound are likely to continue and underlines why current levels should not be ignored.

If you are considering buying or selling the pound in the future making some careful preparations is always sensible. Contact me directly on jmw@currencies.co.uk

 

Pound Sterling Forecast – The week ahead (Daniel Wright)

This week seems much busier than in terms of economic  data with the following due out that may have an effect on exchange rates:

Overnight we have the RBA (Reserve Bank of Australia) Interest rate decision and although no major changes are expected regarding interest rates speculators and investors alike will still be focused on any comments in the RBA rate statement which may give us some insight on future economic policy over in Australia and may lead to a volatile Australian Dollar overnight.

Tomorrow morning brings Swiss inflation data at 08:15am with expectations for CPI to be at 0% this does bring in a slight risk of deflation which may then lead to the SNB having to step in and combat inflation issues a little further down the line much like the European Central bank have had to recently. This may be negative for the Swiss Franc.

Later on tomorrow morning at 09:30am we have industrial and manufacturing production figures for the U.K which can always be a good market mover. Expectations are for a slight improvement in these figures so we may have a positive morning for the Pound as long as  long as figures are released in line with analysts predictions.

Wednesday is a little quieter however later on Wednesday evening we have the FOMC minutes from their last interest rate decision over in America and with U.S data having an effect on global attitude to risk all major currencies may be in for a volatile evening. I would be surprised not to hear some sort of indication on the interest rate hikes and when they now may happen so be sure to keep an eye on exchange rates at around 18:00pm Wednesday evening.

Late night Wednesday/Early morning Thursday we have a flurry of employment data from Australia and expectations are for fairly poor figures to be released, all in all this could round off what may be a potentially poor week for the Australian Dollar.

At midday on Thursday we have the Bank of England interest rate decision and although it would be a great surprise to see an interest rate hike in the U.K it only takes another two members of the Bank of England to decide in favour of a rate hike and we may see a surprise rate hike. A rise in interest rates is genreally seen as positive for a currency and a cut negative so if this were to happen you could expect a boost in the value of the Pound. Personally, I would be surprised to see a rate hike but you can never rule it out.

If we do not see one then the Bank of England minutes from this meeting will be released in roughly two weeks time and they will no doubt attract quite a bit of attention to see how voting went.

Later in the day Mario Draghi speaks at 16:00pm and we may see further news on he plans to attack deflation in the coming months so expect Euro volatility during Draghi’s comments.

Friday is not too busy to round off the week, the two key releases will be trade balance figures for the U.K at 09:30am where we expect to see a small improvement and later on in the afternoon we have Canadian employment figures with little change expected.

All in all I expect a busy week  and hope to have plenty to write about as the week goes on. If you have a currency exchange requirement either soon or in the future and you want to make sure you not only get an award winning rate of exchange but also customer service to match then feel free to contact me (Daniel Wright) the creator of this site personally.

You can email me with a brief explanation of what you are looking to do and a contact number and I will be more than happy to give you a call.

I am contactable on djw@currencies.co.uk and I look forward to speaking with you.

 

 

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 djw@currencies.co.uk 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.

 

Sterling could be in for a very tough Winter…

Sterling has had a truly remarkable year making firm gains against pretty much all currencies and presenting some of the best rates to buy a foreign currency with in years. GBPUSD hit a 5 year high, GBPEUR has hit a two year high (and not far off a 6 year high!) and GBPNZD and GBPAUD are also both at multi year highs… Clearly sterling is faring well but this now begs the question will it continue?

October is looking like a tough month for the pound  with economic releases from September’s data likely to be poor owing to lower business and consumer confidence due to the Scottish referendum. I feel this is likely to feed into the rest of the year and with it interest rate hike expectations (currently expected in April) liable to be pushed back further. Economic growth in the UK is currently running at 0.8% and with house prices not rising as fast as previously I think the need to raise rates will dampen in Q4.

Tomorrow is some very important Eurozone news on Inflation which will be indicative of how much QE we can expect Thursday from the ECB. With so much volatility surrounding this release making some careful plans ready to trade on the news seems sensible.

I couldn’t possibly fit everything important in one post, would you read the whole article anyway? So if you need to consider a currency exchange and wish for further information please contact me directly on jmw@currencies.co.uk. I work as a foreign exchange dealer and we focus on a personal proactive service to help you get the most from the market. Please contact me for more information regarding your situation.

Scottish referendum still holding Sterling back – Pound exchange rates remain volatile ahead of key vote (Daniel Wright)

The Pound has had a shaky few weeks against most major currencies mainly due down to the current saga surrounding the Scottish referendum and what we may see following it.

We currently have a huge amount of uncertainty both surrounding the U.K economy and indeed politically as long as we are still unsure about which way this decision will swing. Personally I still feel we will see a no vote and this may well bring certainty back to the market along with strength back to the Pound.

For those people looking to sell foreign currency to buy Sterling this does really bring a huge temptation to take advantage of current levels and to look at securing a level fairly soon, of course there is the option of taking the gamble and seeing if either the result is Yes for Scotland which may bring further Sterling weakness or indeed if the no vote does weaken away the Pound further.

The problem with a situation like this is that it is not very easy to predict at all therefore you just don’t know exactly what may happen, the reason a yes vote could seriously knock Sterling is because it will throw up all sorts of complications with fiscal policies, we won’t even know if Scotland will take the Pound or be allowed to and political uncertainty will be rife.

This morning the Pound has taken another bashing as it is emerging that the Yes vote may have taken a further lead therefore Sterling has dropped a little further.

If you are concerned about what the next week or so may bring and you wish to maximise your rate of exchange then it is key that you have an experienced currency broker on your side. I can assist clients with requirements ranging from £1000 to multi-million pound transactions and always welcome new enquiries. The company I work for has also won numerous awards for both our rate of exchange and customer service. All you need to do is email me (Daniel Wright) directly on  djw@currencies.co.uk with a description of what you are looking to do and a contact number and I will be more than happy to get in touch personally.

 

Sterling falls as the Pound falls out of fashion due to Scottish referendum polls easing closer – Weakness for Sterling exchange rates (Daniel Wright)

A quick update from me to let you know that Sterling has been falling for the past 24 hours, following news from the polls over in Scotland that the referendum is currently a lot closer than had been thought. The reason this has led to the Pound dropping is because it has now cast a grey cloud over the U.K both in terms of economic and political uncertainty – Both factors that can have quite an impact on the strength of a particular currency.

With the referendum due on the 18th September we may we be set for an extremely volatile few weeks for Sterling so it is imperative that if you have the requirement to either buy or sell foreign currency in the coming weeks or indeed months then you should let me know exactly what your need will be. We have many tools here designed to assist you with getting the most out of your money ranging from being your eyes and ears on the market and informing you of movements either in your favour or against you, to forward contracts, limits orders and stop losses.

GBPEUR

Sterling is actually trading almost 10% higher now against the Euro than it had been last summer (see graph) so if you are in the process of buying a property in Europe even with the drop exchange rates are still extremely favourable. We have a couple of key economic data releases still to come out this week with the Bank of England interest rate decision tomorrow at 12:00pm, the European Central Bank interest rate decision at 12:45pm and the ECB press conference from 13:30pm onwards. The ECB press conference can actually lead to an extremely volatile period for the Euro, and the main focus will be on whether or not they do decide to take any action with QE (Quantitative Easing).

Even the mere mention of it may weaken the Euro slightly but of course beware that if they rule it out in the short term then the Euro may strengthen further. Finally on Friday at 13:30pm we have Non-Farm Payroll data over in America. This release can have an effect on all major currencies as it can change global attitude to risk so no matter what your need it is well worth having an eye on the market on Friday afternoon.

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.

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Flat week for Sterling so far with little economic data out – What does the rest of the week hold? (Daniel Wright)

The Pound has had a fairly slow start to the week against all major currencies, as we have seen very little in the way of economic data released leading towards the end of the month.

We do have a few points of note later on in the week mainly concerning Europe, Canada and America.

Swiss employment figures are however due at 08:15am tomorrow morning which is one point of note for anyone following the Swiss Franc.

Shortly after that we have German unemployment figures at 08:55am which although is a fairly important release however it appears no change in unemployment rates is expected but any differential to the expectation of 6.7% could lead to a volatile morning for the Euro.

later on in the day at 13:30pm we do have U.S GDP (Gross Domestic Product) figures which will show growth over in the states during a specific period and can actual lead to market volatility for all major currencies as it may have an effect on global attitude to risk.

Friday we round the week off for the Euro with European inflation and employment  figures with year on year inflation expected to come out at 0.8%   and unemployment to remain at 11.5% (much worse than that of the U.K and US).

Canada release their GDP figures later on in the afternoon at 13:30pm and one thing to be fairly wary of is month end flows which we do tend to see fairly often on the last day of the month. This can cause volatility for all major currencies in any direction so Friday is a good day to ensure you have someone watching the market for you.

If you do not currently use a currency broker or you feel you could be getting a little more out of the broker you currently use in terms of exchange rate and service then it may be prudent to contact me directly.

I pride myself on keeping clients fully up to date with market movements and our exchange rates have won numerous awards so I would be surprised if I couldn’t save you money too.

Feel free to email me (Daniel Wright) on djw@currencies.co.uk and I will be more than happy to give you a call to explain the service and quote you if you wish.

Can we save you money and beat your current quote for currency exchange? Why not try us out, I would be surprised if I cannot beat any bank or brokerage rate which means more money in your pocket (Daniel Wright)

I have had thousands of clients contact me through this site over the past five years and almost every single one has ended up making a saving using the company I work for over their current provider.

When it comes to an online platform for example, generally I would steer clear of using those as although they are fairly convenient, you have nobody working on the rate for you therefore tend to find you aren’t getting the best exchange rate you can.

Also, if you have been using a broker for many years then in my experience, like with anything in life it pays dividends to get a comparison once in a while even if you are fairly comfortable as it is highly unlikely that your exchange rate will be as sharp as it possibly can be.

The beauty of our service is that we are not tied to a particular margin therefore it means that there should be no reason why I can’t make sure I save you enough money to make sure it is worth your while using us, if I can’t then I will be totally honest and tell you to carry on with your current provider – For two minutes of your time getting in touch there really is nothing to lose.

I have clients ranging from small companies buying stock from China to larger companies millions of  Pounds overseas regularly along with private clients sending regular payments over for mortgage payments to premier league footballers buying a villa in Spain.

Feel free to email  me (Daniel Wright) today on djw@currencies.co.uk with a brief explanation of your needs and a contact number and I will contact you straight away to let you know what I can offer and how the service works. We have won numerous national awards for our exchange rates and level of customer service so if you have found the information on this site of use so far it would be well worth you getting in touch.

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