Tag Archives: exchange
I recently outlined forecasts for the GBP/EUR pair of 1.0922 – 1.1000 from Credit Suisse, and unfortunately now for those hoping for a Sterling recovery, the same bank has lowered their forecast to 1.0526, and this is based on a 3 month period.
The bank has also offered a price target for the GBP/USD pair of 1.1700, so I guess the bottom line is that they’re currently expecting further Sterling downside.
Despite these prominent predication the Pound has actually held it’s ground over the past couple of days after falling on almost a daily basis for almost 2 weeks after Theresa May publicly confirmed suspicions that the invocation of Article 50 will go ahead in March of next year.
The Pound fell because many had hopes for a ‘Soft Brexit’, but those hopes have now all but faded after May’s decision to begin the UK’s separation of the EU earlier than many had hoped.
The reason for the Pound staging a fightback has been some better than expected inflation figures from the UK which came out earlier this week. The figure came out much better than expected at 1% which puts the UK on track to reach it’s 2% target, but I do think inflation could get out of hand if the Pound continues to fall at such a fast rate.
Those planning a currency conversion which involves exchanging the Pound for another currency may wish to consider making that conversion sooner as opposed to later, because if the forecast from Credit Suisse as well from an increasing number of banks are to become true, the Pound has a further 6% or so to fall which equates to large amounts of money on the larger currency conversions.
If you would like to discuss timings and exchange rates, feel free to contact me on email@example.com in order to ensure you make a well informed decision on when to make that particular transfer, as well as benefiting from highly competitive exchange rates from one of the UK’s leading foreign currency brokerages. Just provide me with a basic outline of your currency requirement and I will be back in touch with you as soon as possible. You can also get in touch by telephone on 01494 787 478, just ask reception for Joe.
Pound Sterling Forecast – A busy week ahead for Sterling exchange rates with lots of data out (Daniel Wright)
Sterling exchange rates are no doubt in for a busy and volatile week this week with plenty of economic data releases due out for the market to get stuck in to.
I have listed the main key releases below and what to look out for. If you click on the links then you will get a more detailed explanation of what each release is and how it may impact the markets.
For further information, a live quote to see if you can save money over your bank or current broker then feel free to email me (Daniel Wright) on firstname.lastname@example.org and I will be more than happy to assist you personally. It still surprises me how many people contact me that felt they were getting a good rate with their broker that they had been using for years only to find out that they could be getting so much more through us, always make sure you check as it can make the difference of hundreds if not thousands of Pounds in your back pocket.
|Tuesday, Oct 18|
|01:30 AUSTRALIA (AUD)
RBA Meeting’s Minutes Report
|09:30 U.K (GBP)|
|09:30 U.K (GBP)|
|Wednesday, Oct 19|
|03:00 CHINA (AUD)|
|03:00 CHINA (AUD)|
|15:00 CANADA (CAD)|
|15:00 CANADA (CAD)|
|15:00 CANADA (CAD)|
|Thursday, Oct 20|
|01:30 AUSTRALIA (AUD)|
|01:30 AUSTRALIA (AUD)|
|12:45 EUROPE (EUR)|
|12:45 EUROPE (EUR)|
|13:30 EUROPE (EUR)|
On top of these releases we also have Unemployment data and Retail Sales data out for the U.K on Wednesday and Thursday morning and both of these may also have quite an impact.
How Sterling ends the week will really rely of two factors… How well U.K data comes out and what happens around the rest of the world.
Key focal point of the week is the European Central Bank and what they decide to do with their QE (Quantitative Easing). This will be released on Thursday afternoon and can lead to an extremely volatile exchange rate for GBP/EUR. The press conference shortly after by Mario Draghi (Head of the ECB) can also throw up some great opportunities for those looking to buy or sell Euros.
I personally assist clients that have the need to exchange large sums of currency either for their business, to buy/sell property or even for wages too.
My book of clients ranges from premier league footballers and large company directors Mr and Mrs Jones buying a retirement home in Spain and I always welcome new enquiries. Every individual is dealt with on a personal level and my main aim is to save you money when you do decide to book out your rate and also to try and help you time your exchange by giving you the market information you may struggle to get elsewhere, in simple terms.
Feel free to get in touch with me (Daniel Wright) directly by emailing me on email@example.com and I will be more than happy to contact you to discuss the various options available to you.
The Pound remains on a knife edge against most major currencies at present, with sharp swings happening totally out of the blue. Today has not been so bad but as an example yesterday evening Sterling lost around 1% in value within an hour, only to gain the majority of it back by the time we came back to the trading floor this morning.
The rest of this week we have a fairly minimal amount of economic data out for the U.K but overnight there are plenty of releases from China which may impact the AUD and NZD along with a flurry of data from the States, not to forget the on-going U.S election which is really starting to heat up.
Next week we will see the U.K release of inflation, unemployment and retail sales data and those waiting for the Pound to get stronger will be hoping that these are positive and act as the catalyst they have been waiting for to pick the Pound back up off of the floor.
With so many violent and unpredictable swings happening it is more vital than ever that you have not only a currency broker helping you with your exchange, but a proactive and well experienced one as booking your rate of exchange at the right time or taking advantage of a spike in your favour can make the difference of thousands of Pounds.
This is where we can step in, there are many currency brokers out there that will say they offer the best rates but the majority are beatable and do not necessarily give you the best level of service. We like to think we do both and with over 100 years of experience between myself and all other writers on this site you would be mad not to give us a try.
Even a quick email to ask for a quote will take you just two minute to do and may make a healthy difference to the cost of your upcoming transaction. We deal with clients that need to buy or sell the Pound all day every day and help with exchanges from £5000 to mulit million transactions. Feel free to email me (Daniel Wright) on firstname.lastname@example.org with a description of your needs and I will be happy to contact you personally.
Sterling exchange rates make a small recovery towards the end of the day – Light at the end of the tunnel or profit taking? (Daniel Wright)
The Pound had a slightly better end to trading today as we saw Sterling exchange rates rise across the board in the afternoon.
The question we now need to ask is was this movement down to the Pound starting to come back into fashion or was it down to a bout of profit taking from those who had made money from the recent Sterling weakness we have seen.
The next 24/48 hours will more than likely give us the answer in my opinion, if Sterling starts to make a recovery in the next few days then it may well be showing some resilience at last and this could be a sign that the Pound is indeed fighting back. Should Sterling drop away again in the next day or so then this may be a sign that movement this afternoon had been mainly attributed to profit taking and that the Pound may be in for another drop.
I personally feel that the Pound is currently undervalued, however it may still get a little worse before it gets better as the uncertainty hangs over the head of the U.K as we wait to see if we do find out any plans for how we will approach Brexit.
Friday we have an extremely important day for U.K economic data where we have manufacturing and industrial production, along with Trade Balance figures which will be key as to how the Pound performs during Friday morning trading.
Over in the States we have Non-Farm Payroll data which can impact all major currencies as it impacts global attitude to risk. The data measures the number of people in Non-Agricultural employment (due to the seasonal impact on agricultural employment) in America and predictions can be fairly wrong. Because the markets price in expectations in advance, when they are widely wrong the currency markets do start to correct themselves swiftly which can lead to sharp markets straight away.
If you are looking to make a currency exchange either now or in the future then it is well worth getting in contact with me directly. I can help you both with achieving an extremely favorable rate of exchange when you do buy along with helping you time when you buy which can be even more important. Just over the course of this week buying €400,000 has fluctuated in cost by over £10,000!
Feel free to email me (Daniel Wright) on email@example.com with a description of what you need to do and I will be more than happy to get in contact with you personally to discuss the options available to you.
What will happen to Sterling exchange rates this week? The Great British Brokerage – Don’t settle for second best….(Daniel Wright)
The Pound has yet again had a torrid start to the week and appears to be finding that it has very few supporters out there at present.
Sterling exchange rates have dropped off against every major currency and with very little economic data out this week until Friday it is hard to see where the catalyst for the fight back will come from.
The markets are kicking the Pound whilst it is down and you can see why… if you were a big investor due to put money into a business, would you proceed with that investment not knowing what the actual plans for the business were over the next few years? More than likely not unless you have a high appetite for risk.
With this in mind big investors and speculators are at present leaving the U.K and indeed the Pound alone, settling for safer options. In the world of supply and demand, the demand for Sterling has dropped off and so therefore the value of the Pound has followed suit.
There are plenty of reasons why other currencies may start to weaken off but none seem to be impacting matters as much as the referendum has hit the Pound. You have lots of problems politically and with the European economy, the U.S election is about to get into full swing and both Australia and New Zealand are suffering a little due to their currency being too strong.
As we move into October anyone looking to buy foreign currency with the Pound will need to hope for economic data to continue to be solid post referendum and this will give the Pound a chance of coming back a little, although I hate to write negative posts about Sterling performance unless this data is good then the Pound may suffer as we approach the Christmas period.
If you have a large currency exchange to carry out involving buying or selling the Pound then you need not worry as I can help you every step of the way. The brokerage I work for is one of the longest standing and one of the few privately owned currency brokerages left in the U.K.
We can cater for clients all over the world and have access to the very top rates of exchange due to our large buying power and we also try to ensure that we keep clients fully up to date with market movements, along with explaining to them in simple terms the various options that they have in front of them.
If you feel that I (Daniel Wright) may be of use to you then you are more than welcome to contact me personally. You can email me on firstname.lastname@example.org and I will be more than happy to get in touch as soon as I can.
We now have well over 150,000 readers a month and many of them have actually contacted us over the years asking for help with their exchange.
Every writer on this site works for one of the longest serving currency brokerages in the U.K and many readers aren’t aware that not only is it more likely that we can get you a much better price than your bank or the broker you have chosen to use, but we also pride ourselves on offering an extremely personal service, where you are allocated your own broker here that will help you along every step of the way.
We have a huge turnover, so our buying power is generally greater than others which we pass on to our clients and we do not just try and get you to do the deal as soon as possible just so that we can move on to the next one, we take great care in giving you all the information out there to help you make the best possible decision for you personally.
There are a number of contract types we offer, these include forward contracts, stop losses and limit orders and these are all designed to help you avoid adverse movement in the markets and to take advantage of any spikes in the market for you should they occur.
Most writers on this site have been with the company for over ten years now, so our wealth of experience can be extremely valuable when you are trying to make a decision on when to buy currency for your business or property transactions.
I (Daniel Wright – The creator of the site) am currently taking on new clients, we deal with exchanges ranging from £5000 up to multi million pound exchanges for celebrities and high net worth individuals, all in the strictest of confidence.
If have been reading the information on our site for a long period of time and you feel that I may be of use to you on an imminent exchange, or indeed one later in the future then you can get in contact with directly by emailing email@example.com with a brief description of what you are looking to do so that I can prepare a summary of how we can proceed and then give you a call. Even if you are using another broker at present it would be highly unlikely that I will not be able to get you a better deal and a much more efficient level of service.
I look forward to speaking with you!
Is the brand Britain feel good factor rubbing off on the Pound? Sterling exchange rates on the up (Daniel Wright)
So it appears that the doom and gloom merchants may well have got it slightly wrong regarding how a leave vote would impact the economy… Certainly so far anyway.
The Pound completed a hat trick of solid data this morning when the U.K services sector showed a much stronger than expected figure for July.
All in all, despite the initial drop off and the current uncertainty still holding Sterling back we are seeing the Pound start to gather momentum and investors and speculators are starting to get a little more confidence around it.
We do have a fairly busy week ahead of us for other economies around the globe so maybe it is time for others to take their turn in the headlines and the Pound to start fighting back.
Tonight we have the RBA (Reserve Bank of Australia) interest rate decision and rate statement which may give us a fairly volatile evening for AUD exchange rates. There is no imminent cut expected, but should we see a surprise cut or a nod to a cut in the near future the Pound could push higher against the Australian Dollar.
On Wednesday we have the inflation report hearings from Bank of England Governor Mark Carney, followed by a speech from MPC member Cunliffe so keep a keen eye on the markets mid morning on Wednesday in case any alterations to future predictions are made.
Thursday may well be the most important day of the week, especially for those with a Euro requirement. We have the ECB (European Central Bank) Interest rate decision and press conference and there is a chance we may see further addictions and changes to fiscal policy, this may include adding to QE (Quantitative Easing) which in turn would more than likely weaken the Euro off.
The press conference after it at 13:30pm can throw up quite a lot of volatility too as head of the ECB Mario Draghi answers questions and queries from the press. The rates can move off of his every word so ensure you are ready for action on Thursday should you need to buy or sell Euros. We have known to see swings of over 4 cents during the press conference which is a difference of £6000 on a €200,000 purchase.
If you are looking to buy or sell any major currency and you would like assistance both in terms of getting a top exchange rate along with a supremely smooth and personal service then I can help you. Not only do we write about what is going on in the market but we all work for one of the longest standing and top brokers in the country. We can help people from all over the world and deal with bank to bank exchanges from £2000 upwards with no higher limit.
If you feel that you would appreciate my personal assistance then feel free to email me (Daniel Wright) the creator of this site on firstname.lastname@example.org or fill in the form below and I will get in touch as soon as I can.