Tag Archives: exchange
Well folks it is that time of year when we reflect on the year so far and look to next year. As the site suggest we make forecasts and the forecast for sterling in 2014 would have to be positive. What are the possible pitfalls however and against which currencies will see the most gains? And what can you do to maximise your deals with this knowledge?
Watch the US – where is market sentiment?
The UK is leading the pack with the highest growth rates amongst European economies. The US is growing faster but their QE programme is without doubt fuelling these increases. At some point the US will have to turn off the QE taps and there will be a very strong market reaction not just on the US dollar but on the euro, pound almost every other currency.
Market Sentiment is a key determinant of the value of sterling. If investors are confident in the global economic outlook the pound should do well as the UK relies heavily on trade from overseas and the services sector which makes up a large part of our economy, relies on international trade.
The pound is likely to do well in 2014 as the global economic outlook improves and the UK recovery remains on track. Of course there are many pitfalls ahead and so the right type of contract is key. A forward contract is the perfect way to lock in your rate for the future without exposing yourself. If you are unsure about how this works or would like any information on the currency markets it really is worth your while speaking to us. Please feel free to speak to me Jonathan on firstname.lastname@example.org
Pitfalls, highs and lows
I expect the EU referendum and Eurozone debt crisis will be key factors that could affect sterling rates in 2014. The Aussie looks likely to be on the back foot as does the rand so I think sterling will push higher against these currencies. Whilst the early part of the year should see GBPUSD at similair levels, the prospect of QE tapering means GBPUSD should drop to the kind of levels we saw earlier this year. Although if you ask me we are a very long away away from the US economy being ready to give up its QE addiction.
I do hope you have found this information useful and look forward to hearing from you if you would like to learn more about our excellent rates, informative forecasts and friendly helpful service.
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 email@example.com and I will be more than happy to get in touch personally.
The Pound is currently at multiple year highs against the Canadian Dollar and Australian Dollar, U.S Dollar and Thai Baht. It is also at multiple month highs against the Euro, New Zealand Dollar and Swiss Franc.
This has presented a great buying opportunity for anyone looking to buy foreign currency with the Pound in the near future.
If you would like to take advantage of these current levels then please feel free to email me on firstname.lastname@example.org I deal with dozens of clients that have previously used their bank or another brokerage and simply can get better rates than others along with providing an exceedingly high standard of customer service – We have won awards for both!
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 two years 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, with Christmas fast approaching sometimes it is best to get your pending transfers out of the way so that you can concentrate on everything else in the build-up to the festive season.
Sterling exchange rates have continued their rally today with the Pound gaining against all major currencies.
In a completely different and indeed refreshing alteration to previous Governor of the Bank of England Sir Mervyn King, the new Governor of the BoE Mark Carney spoke this morning and once again the Pound actually rose following his comments. Those who have followed Sterling over the past few years will be well aware that King had a knack of causing Sterling weakness whenever he spoke however things appear to have now changed and Bank of England press conferences with Carney speaking do seem to result in Sterling strength.
If you are looking to transfer Sterling into a foreign currency in the near future then current rates of exchange do look exceedingly tempting.
Tonight we have Consumer Confidence figures for the U.K at 00:01 and tomorrow morning some house price and mortgage approval data for the U.K which could lead to either further Sterling strength or the Pound creeping back a little.
We also have European data out in the morning inclusive of German Retail sales and inflation data for the rest of Europe.
For those looking to buy or sell Canadian Dollars we also have GDP (Gross Domestic Product) figures for Canada at 13:30pm U.K time.
If you have a pending currency transfer to carry out and you wish to get not only award winning exchange rates but an award winning level of customer service then please do feel free to contact me (Daniel Wright) by email on email@example.com with a brief description of your requirements and a telephone number and I will be more than happy to get in touch with you personally.
Happy thanksgiving to everyone over in America!
Sterling exchange rates hit multi-year highs against some major currencies (Canadian Dollar, Australian Dollar) and multi-month highs against the Dollar and Euro – Excellent rates of exchange available for those looking to buy foreign currency at the best rate (Daniel Wright)
Sterling exchange rates have remained fairly positive over the past few weeks, which is great news for those looking to purchase foreign currency in the run up to Christmas.
The Pound is at multi year highs against the Australian and Canadian Dollar, it is battling to hit 1.20 and stay above it against the Euro and it is comfortably above 1.60 against the U.S Dollar.
GDP figures released this morning were as expected slightly revising the U.K growth figures for quarter three up to 0.8% yet the Pound has continued its charge and is up against a basket of major currencies.
Economic data for the U.K of late has been very good and this has led to the Pound following suit.
If you have followed exchange rates over the past few years then you will be well aware that a good looking Sterling exchange rate does not generally tend to stick around for too long and in my experience it is always the clients who get a little too greedy that miss out.
If you have a large chunk to do and are still thinking of holding on then there is a sensible option of potentially booking out half of you requirement now and leaving the rest until a later date of your choice thus elimination the full risk and meaning that if the rate keeps going up then you can still take advantage of it with some of your money yet if it shoots back down it is not such a big hit to take.
Are you looking to buy or sell foreign currency in the coming days weeks or months? I work for an award winning currency brokerage that deals with bank to bank transfers ranging from £5000 to multi million Pound transactions for both private and corporate clients.
We specialise in helping people with overseas property purchases and sales or businesses that need to settle invoices or that receive funds in foreign currency.
We are proactive and can act as your eyes and ears on the market along with getting you a much better rate than you can achieve through the bank.
Feel free to email me (Daniel Wright) directly on firstname.lastname@example.org with a brief description of what you are looking to do along with a contact number and I will be more than happy to contact you personally to discuss the options available to you.
1) You are not happy with the exchange rates you receive on international transfers from your bank.
2) You are not happy with the exchange rates you are receiving from your current currency broker.
3) You are using an online trading platform with your broker to buy currency.
4) You are not kept fully up to date with market movements during the period leading up to a transaction.
5) You are due to buy or sell a property abroad and have not dealt with large currency transfers before.
6) You are paid in a foreign currency and need to bring funds back from time to time.
7) Your company or the company your work for deals in currency exchange and may benefit from both assistance with timing and better exchange rates.
8) You find our market information useful and have been coming back to the site for a while.
9) You are an overseas property agent and your clients may benefit from our range of additional services.
10) You want to save money and time to get on with the more important things in your busy day.
11) The authors of this blog have over 50 years of experience in the currency markets between us dealing directly with both private and corporate clients.
12) Hopefully you haven’t got to 12 and you are already filling in an enquiry form on the right hand side of this page but if you are reading this then all of the above should give you plenty of reasons to get in touch.
So far we have assisted thousands of new clients that have contacted us through this website. The company we all work for has won numerous awards for our rates of exchange and customer service. It is one of the larger brokers in the U.K and also regulated and authorised by the FCA as a payments institute. This means we hold all client funds in separate client transaction accounts ensuring your money is protected.
In our vast experience of currency exchange we have found that many people are still losing out either by continuing to accept poor bank exchange rates or by sticking with the same currency brokerage that they have used for years as they feel it may be too complicated to switch and shop around.
In fact it is exceedingly easy and I have found from speaking to many clients and being in this industry for years that even if you are happy with your current broker you may not be getting the best deal.
Much like the current hot potato of switching your electric provider you may find that now you are comfortable with your current broker the rate you receive may have slowly been stretched out a little, this is particularly rife with online trading platforms.
Online trading platforms are not great either way as you have nobody working on the price for you, it is all simply done by a pre-determined margin set up on your account which may get larger the longer you use the company without compliant.
We do not work off of fixed margins and we do not have the boundaries that other brokerages may have when it comes to rates. It is in our interest to win each and every deal we can therefore I would be highly surprised if we cannot beat the rate of exchange you are currently receiving.
If you do wish to get a quote from us or merely would wish to have a brief chat regarding an upcoming currency transaction you wish to make then it may be prudent to email me directly on email@example.com or to fill in the enquiry form on the right hand side of this page and either myself or one of the authors on this page will be more than happy to get in touch with you.
Pound Sterling exchange rates up against the Euro, down against the Australian Dollar and flat against the U.S Dollar
Sterling exchange rates have had a fairly volatile 24 hours against some major currencies seeing a great shift in the right direction for those looking to buy Euros in the near future, this has main
This has mainly been down to both European unemployment coming out a little worse than expected yesterday along with European inflation data coming out extremely low. This has prompted investors to drop the Euro like a stone and given anyone needing to buy Euros for a pending property purchase or company transaction a great buying opportunity.
overnight we had better than expected manufacturing data out from China which gave the Australian Dollar strength and made it a little more expensive to buy Australian Dollars, it does however appear that this pairing is currently unsure as to whether it wants to head back down to 1.65 or to fly through 1.70. If I had to put my neck on the line then personally I feel we will be looking at 1.70 + in the next week or so.
Regarding Sterling and the U.S Dollar, news midweek from the Federal reserve gave the Dollar strength back down towards 1.60 which is proving to be a pivotal point so far today. News from the States later on this afternoon will surely set the scene for this pairing for the rest of the day but if you were looking to buy sell at above or below 1.60 then placing a limit order at your required level may be a prudent approach.
If you have a pending currency transfer to carry out involving buying or selling the Pound whether you are based within the U.K or not it will be sensible to get in touch with me directly. The company I work for has won numerous awards for both exchange rates and customer service and I would be more than happy to add you to my ever growing list of satisfied clients.
please do feel free to email me (Daniel Wright) directly on firstname.lastname@example.org and I will be more than happy to assist you.
I don’t think anyone really expected the US to default! The problems however are from solved, they are merely postponed. We will probably be writing very similar pieces on the debt ceiling come February which is when the next deadline will be hit!
Moved into next year too is the likelihood of Federal Reserve ‘tapering’ of the Quantitative Easing programme. This is helping fuel the stock market gains and a return to riskier assets too helping the AUD and NZD today as well as the Euro.
It is good news the US have averted a potential catastrophe but it is very worrying in 2013 that such concerns are still present, particularly when you consider the global economy is just about back on its knees.
The last thing anyone wants is another crisis of any description. It seems for now all central bankers can do is take steps to avoid further problems. The fact the US is still utilising QE indicates there is a long way to go before the global economic recovery is fully underway.
For now the USD has weakened but if the fragile good mood turns sour, the USD remains a safe haven and could strengthen very quickly.
To learn more about events that will affect your exchange please contact me Jonathan on email@example.com or call 01494 787 478