Tag Archives: gbp
UK Prime Minister told Sky last week that she didnt want to keep bots of the EU which confirmed she plans to remove the UK from the single market. The pound has been in a steep decline since. The PM has blamed the press for the pounds demise however I believe if she continues with her tone exchange rates will fall.
She is set to hold another press conference Tuesday, with the agenda simply Brexit. Many leading economists and CEOs of businesses within the UK have warned the PM that she needs to give clear direction in the upcoming weeks. HSBC leading officials have gone one step further and warned the PM that her actions could push the bank to move their headquarters to Paris, which means many jobs would be lost for the UK.
As for UK economic data since the turn of the year, figures have been strong however the pound has declined. It just shows that politics/ Brexit is outweighing economic data releases.
If you have a foreign currency to buy this month I would recommend getting in touch to discuss your options as I expect the pound will fall in value once more after the PMs press conference Tuesday.
When buying or selling the pound you also need to understand the factors that will be impacting the other currency. Feel free to email me the currency pair you are converting (GBPUSD, GBPAUD, GBPCHF etc) the reason for your conversion (company invoice, buying a property) and I will email you with my forecast for the currency pair and the process of using our company firstname.lastname@example.org.
For the readers reference the company I work for on a daily basis save clients money on currency transfers. If you are planning a transfer and are using your bank or another brokerage, I would reccomend getting in touch for a forecast and at the same time compare of exchange rates. This is free of charge and will take you a few minutes.
This week UK economic data has stopped the pound falling against most of the major currencies. Early in the week UK inflation showed an improvement and I put this down to oil prices rising which means the price at the petrol pump has gone up therefore the public are spending more. Later in the week unemployment and retail sales numbers also exceeded expectation which is a surprise as many economists believed the ‘Brexit’ would have weighed down on the figures.
Late Friday afternoon the pound took a nose dive and this has been a common occurrence since the referendum. Speculators do not want to leave their assets in the pound over the weekend due to unexpected events that could occur over the weekend when they are not in the office and markets continue to stay active.
It seems the pound is in a similar position to where it started at the beginning of the week and many client lats Friday asked has the pound levelled out. Personally I still believe there is further falls to come therefore if you are buying foreign currency trading sooner rather than later may be wise.
Looking ahead the major data release this week is UK inflation hearings Tuesday morning. At the hearings Governor of the Bank of England Mark Carney, will give his inflation predictions. Now the BoE have cut interest rates and are injecting a substantial amount of quantitative easing into the economy you would expect inflation to rise. Theres an argument to suggest Mr Carney will state he believes inflation will rise but at the same time I can’t see him taken a bullish tone when many believe the UK are close to a recession.
It’s important when purchasing currency to analyse both currencies.Feel free to email me the currency pair you are trading (GBPUSD, GBPEUR, GBPCHF etc) the reason for your trade (company invoice, buying a property) and I will email you with my forecast for the currency pair email@example.com.
My area of expertise is property purchases and sales. Therefore if you need to purchase a foreign currency or you are about to complete on a sale, today is the day to get in touch to discuss your options and how we can save you as much money as possible.
** If you are already using a brokerage and would like to know if you are receiving the best rates possible email me with the exact figures and I will reply with our live price. This will take you
Many economists pre referendum predicted if the UK were to leave the European Union the pounds exchange rates would plummet and economic data would deteriorate. One month later it seems the majority of economists were right.
Last week UK Prime Minister Theresa May started her talks with German Chancellor Angela Merkel and French President Francois Hollande. Talks seemed to ok with the German Chancellor however the French President made it clear, for the UK to trade for free in the single market, they would have to accept the free movement of people. This was the main reason the UK decided to leave the EU therefore one leader is going to have to back down and I believe it will be Theresa May.
The latest release of Markit’s purchasing Managers index has fallen to the lowest levels since April 2009. Manufacturing PMI fell to 49.1 from 52.1 and Markit’s Services PMI plummeted to 47.4 from 52.3. The data release suggests the UK are heading for another recession and therefore an interest rate cut and further stimulus (quantitative easing) is inevitable.
Looking ahead the UK have their next interest rate decision on the 4th August. With the PMI data release this week and the Monetary Policy Committee statement that they would loosen monetary policy if required, the pounds future for the remainder of the year is looking bleak. I expect sharp falls after August 4th.
Very simply if I were trading GBP into a foreign currency in the next 6 months and I had the sterling available there’s a good chance I would trade before August 4th. However the other currency you are buying might change my opinion.
If you have a currency exchange to make involving the pound it makes sense to explore all of your options. Here at Pound Sterling Forecast we understand every client’s situation is different, therefore we devise a strategy that meets your needs and requirements. As for exchange rates we can beat any UK brokerage or bank and I look forward to proving this to you. The clients I deal with are high net individuals, businesses and property buyers and sellers that are trading £10,000 to the multi millions.
Feel free to email me with the currency pair you are trading (GBPEUR. GBPUSD, GBPAUD) and the reason for the transfer (transfer of wages, property purchase) and I will respond with my forecast and the process of using our company. firstname.lastname@example.org
Enjoy the rest of your weekend and I look forward to speaking with you Monday morning.
Economic data coming up that may impact your currency exchange – Data for those with GBP,EUR,USD, CAD,CHF,NZD and AUD interest
Tomorrow morning to start the ball rolling we have U.K unemployment data which is expected to remain at 5.6% – Any change to this will lead to a volatile start to the morning for Sterling exchange rates.
I have outlined other important data of interest but I would say the main talking point of the week has to be the Federal Reserve Interest rate decision, monetary policy statement and press conference att released on Thursday evening at 19:00pm.
Speculators and investors around the world will be watching to see if there will be any movements in interest rates either imminently or in the coming months for the States.
Personally I feel this is a week where limit orders come into play for anyone looking to buy or sell currency during the course of the week. A limit order is where you can set a specific rate you wish to achieve with us and should it become available even for a matter of seconds then your currency will be bought out automatically for you and we will contact you to let you know.
The order can be canceled or amended at any time as long as it has not been achieved and a lot of my clients are using this handy market tool at present to try and squeeze that little bit more out of a volatile market.
If you are buying an overseas property or you have large business invoices to pay then it is well worth contacting me for more information on this free market tool.
We pride ourselves on not only giving our readers and clients regular market information but also helping them achieve the best possible exchange rates for their transfers. You can email me (Daniel Wright) on email@example.com and I will be more than happy to contact you personally to tailor a plan for your specific situation.
Other releases of note are below, likewise if you need further information on how these may affect you then email me on firstname.lastname@example.org
|WEDNESDAY, SEP 16|
|10:00||EMU||EUR||Consumer Price Index (YoY) (Aug)|
|10:00||EMU||EUR||Consumer Price Index – Core (YoY) (Aug)|
|10:00||EMU||EUR||Consumer Price Index (MoM) (Aug)|
|14:30||US||USD||Consumer Price Index Ex Food & Energy (YoY) (Aug)|
|14:30||US||USD||Consumer Price Index (YoY) (Aug)|
|THURSDAY, SEP 17|
|07:35||JP||JPY||Bank of Japan Governor Kuroda Speech|
|08:30||CH||CHF||SNB press conference|
|08:30||CH||CHF||SNB Interest Rate Decision|
|19:00||US||USD||Fed Interest Rate Decision|
|19:30||US||USD||Fed’s Monetary Policy Statement and press conference|
|23:30||AU||AUD||RBA’s Governor Glenn Stevens Speech|
|FRIDAY, SEP 18|
|13:30||CA||CAD||Bank of Canada Consumer Price Index Core (YoY) (Aug)|
|13:30||CA||CAD||Consumer Price Index (YoY) (Aug)|
I hope if you fine our market information interesting and useful you will give us a shot at getting you a better exchange rate than your current currency provider. We have helped over 5000 clients that have contacted us through this site and we would love to add you to that list of satisfied customers. Contact me (Daniel Wright) on email@example.com with a brief description of your needs (minimum £20,000) and I will call you personally.
Euro gains back a little strength as Greece may now accept terms – GBP/CAD spikes following poor growth figures (Daniel Wright)
We have seen a little Euro strength this morning as the Greek situation took one step closer to being resolved…. Well for the time being anyway!
Personally I feel all we are going to see is some papering over of cracks at best and this whole situation will no doubt be back in the headlines before we know it.
The only thing that is certain over the next week or two is that there will be some great buying opportunities and some fantastic selling opportunities for the Euro so if you are in the process of buying or selling a property overseas then it may be prudent to get in touch with us here. We have a number of free contract types than can help you to secure a rate should there be a spike or protect yourself again a drop in exchange rates should it happen suddenly. You can email me directly on firstname.lastname@example.org and I will be more than happy to contact you personally to explain how these work.
We have seen a great spike for those looking to buy the Canadian Dollar of late thanks to growth figures in Canada coming out a little worse than expectations and indeed dropping into negative territory at -0.1%.
Rates for Sterling against the Canadian Dollar are creeping towards the 2 mark and I feel this may now be a distinct possibility in the coming weeks.
if you are looking to exchange any major currency then I can assist you both in terms of assistance with timing and getting you a great rate when you do book it out. As above just feel free to contact me (Daniel Wright) by emailing on email@example.com with a brief description of your requirements and a contact number and I shall be more than happy to contact you personally to explain how I can help you.
Important economic data out tomorrow for those with an interest in Euros and Dollars (Daniel Wright)
Although quiet for the U.K tomorrow brings us two fairly important pieces of economic data from both Europe and the U.S with European growth figures and U.S Non-Farm payroll data due out at 10:00am and 13:30pm respectively.
The final revision for growth figures during quarter 4 of 2014 is due out at 10am and expectations are for the figure to have been revised up a little which may lead to a little Euro strength to end off what has been a torrid week for Euro exchange rates.
Later on in the day we have U.S Non-Farm Payroll data which is a data release important for those with a Dollar interest and indeed interest in the ‘riskier’ currencies such as the AUD, NZD and ZAR. Non-Farm Payroll data is essentially the number of people in Non-agricultural employment over in the States and is a key indication as to how their economy is performing.
This release can cause quite a lot of volatility because predictions are made in advance and these can be wildly out. The market moves on rumours and predictions as well as fact, and should the figure come out quite a way from initial predictions the market does correct itself rather swiftly.The reason this effects the AUD, NZD and ZAR and pretty much most majors is because as I am sure you can imagine it will affect attitude to risk and will lead to rapid movements of large amounts of money globally in what generally presents an interesting week to say the least without any surprises popping up during the course of it.
If you have an upcoming transfer to carry out and want to get the best exchange rates along with great customer service and knowledge of the markets then email me (Daniel Wright) directly firstname.lastname@example.org I welcome all enquiries for bank to bank transfers however i’m afraid I cannot help with cash transactions or speculation.