Tag Archives: interest
Pound Sterling exchange rates – Once again Thursday is the day that may be key (Daniel Wright)
Sterling exchange rates have been reasonably static lately against the major currencies however tomorrow has the potential to be quite a market mover.
We have Australian unemployment figures out overnight tonight followed by Industrial and manufacturing production figures for the U.K tomorrow at 09:30am. The unemployment figures have the potential to shift rates against the Australian Dollar and the production figures may affect the Pound against all majors.
Most importantly we have the Bank of England interest rate decision and any further news on more Quantitative Easing will be extremely key. For those of you that have follwed the market over the past few years it seems that every time Sterling is performing well and heading into the right direction the Government or the Bank of England step in and do something to knock it back down again so you must be aware this is the perfect time for them to do so.
Should tomorrow pass without any surprises I think the Pound may be set for another positive month now that the potential recession is out of the way and focus has turned to other troubled economies hopefully Sterling will become a currency of choice once again.
If you have an upcoming currency transfer involving buying or selling the Pound then feel free to contact me directly as I can assist you with not only getting the very best exchange rate but also a full round service of making the transaction as smooth as possible. If this sounds of interest then please email me directly 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 against the Euro – Will we see an interest rate cut today? What effect will it have? (Daniel Wright)
Today is a big day for Europe as we may potentially see an interest rate cut which could lead to further weakness for the Euro.
Exchange rates for the pound against the Euro have remained fairly steady since the big push up following the issue in Cyprus however today has the potential to move rates onwards and upwards once more.
Of course, with so much speculation that this is going to happen there is a huge risk that if we do not see a cut in rates then we may see the Euro gain a little strength quite rapidly as the markets correct themselves – If you have a pending transfer to carry out involving buying or selling the Euro then it is key that you are ready to act fast.
If you would like me to get in touch personally following the decision then feel free to email me djw@currencies.co.uk with a brief description of what you are looking to do and a contact number for me to call you on.
We also have some construction figures for the U.K this morning which could give a nod to how the second quarter started for the U.K in 2013 -This could affect the Pound against all major currencies – We are currently at an 11 week high to buy the Australian Dollar and Canadian Dollar which does lead to a great temptation to buy these particular currencies in case we see nthe rates slip back down again.
Personally I think Sterling confidence is up and the Pound may well start to creep in the right direction as I have been saying since the start of this year, however you must also be aware that the pattern tends to be that as soon as Sterling looks like it is finally about to push on something comes out to knock it straight back down again.
If you want to achieve the very best exchange rates, or even to ask me if the rate you are being offered is good before you accept it then feel free to get in touch with me directly – You can contact me by email djw@currencies.co.uk or call me directly on 01494 787 478 during U.K office hours, please ask for Daniel Wright.
Wow – We have a very buy week ahead for Sterling exchange rates – Interest rate decisions galore rounded off with Non-farm payroll data from the States to round things off
Following an extremely busy start to the year this week shouldn’t fail to keep the market volatility going…. We have interest rate decisions from Australia, Japan, Canada, UK and Europe not to mention Non-Farm payroll data from the U.S on Friday afternoon.
We do not expect any changes to Interest rates around the globe however comments and voting regarding economic may well be key for where we se exchange rate head throughout the week.
There are many other data releases inclusive of Australian GDP and European inflation data that can also lead to big swings in exchange rates so if you have a pending currency transfer to make it is key you have an experienced and proactive currency broker on your side.
This is where we can come in and help you, not only has the company we work for won numerous awards for exchange rates in national newspapers but we have also won a National business award for out customer service.
When you call us you get straight through to a real trader and you deal with that trader throughout the entire process, we don’t do call centers and we pride ourselves on just one point of contact, meaning the person you deal with knows your situation inside out.
If you are using a broker or your bank and you aren’t getting the attention you feel you should be surrounding your currency transfer, or you feel you may be able to get a better rate of exchange than you are currently receiving then please do feel free to get in touch with us for a direct comparison. You can email me (Daniel Wright) the creator and owner of this site directly and I will deal with you personally if you so wish djw@currencies.co.uk or fill in the enquiry form on this page and one of our experienced currency brokers will call you straight back.
Personally I feel unless the Bank of England throw a spanner into the works the Pound may have a week of recovery however in this current market and with the releases due out this week it is extremely hard to know exactly what may happen next, if you want to be kept fully up to date either keep checking back on this site or email me with your contact number and a brief description of your requirements as above.
Sterling exchange rates – What may happen today/tomorrow with interest rate decisions, Non-Farm Payroll data and general economic data (Daniel Wright)
A great comment I heard this morning about the U.K economy was if the recovery still isn’t happening then maybe it is time to change the prescription…. The thing is I think we are moving in the right direction although just a little slower than would be hoped for.
Today may once again be key for the Pound, especially against the Euro as we have interest rate decisions for both the U.K and Europe at 12:00 and 12:45 respectively and we do not expect any changes to interest rates today what will be key is any comments about fiscal policies from the Bank of England and also any comments from the European Central Bank in their press conference at 13:30pm.
Should there be a lean towards further Quantitative Easing for the BOE then the Pound may be damaged a little but in my opinion the part of the day with the best chance of market volatility is the press conference headed by Mario Draghi. Investors tend to hang off of his every word during this conference which generally lasts for about an hour and Sterling Euro exchange rates can be quite jumpy to say the least during this period. If you have a pending transfer to carry out involving either buying or selling Euros a limit order or stop loss order would be ideal to ensure that you don’t lose out if the rate suddenly spikes for a matter of minutes or likewise starts to move against you rapidly.
A limit order or stop loss order is completely free to be placed and can be cancelled, changed or amended at any time as long as it has not been filled, there is absolutely no cost to do this it is just a great tool that we can offer as a company for both our private and corporate clients – Contact me directly on djw@currencies.co.uk and I will be more than happy to assist you.
Tomorrow we have Non Farm Payroll data at 13:30pm 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 directly djw@currencies.co.uk I welcome all enquiries for bank to bank transfers however i’m afraid I cannot help with cash transactions or speculation.
Pound Sterling Forecast End November / December – It is often the complacent who suffer the most…. (Jonathan)
Exchange rates move continuously for a variety of reasons. This can cause anyone considering a currency transfer headaches and happiness. An understanding of what exactly is driving your exchange rate is key to getting the best deal. Let us look briefly at some of the more common themes on the pound and some of the more popular pairs. It would be impossible (and boring if it didn’t concern you) to cover every aspect of every currency in one post so please feel free to contact me directly for more information on a particular topic or currency pair, even if it is not covered here.
GBPEUR The big news has been the agreement on Greece this week which has caused the Euro to find favour. The current sentiments for Europe are much more positive than they have been in recent months which is why the rate is now some 5 cents better for sellers than earlier in the summer. I have seen many Euro sellers entering the market this week to capitalise on these better levels. The outlook in Europe is still uncertain but with no new bad news to unsettle nerves, the Euro is stronger.
GBPUSD The rate has crept over 1.60 again which is a reflection of the better sentiments in Europe. The Dollar is a safe haven currency and will weaken when there is good news for the global economy as investors seek riskier shores. In times of uncertainty the USD will strengthen. I expect the USD will start to strengthen as no sign of a deal on the Fiscal Cliff continues. However this is still some weeks away and we could see the dollar weaken further before then as markets remain buoyant.
GBPAUD I have been writing recently of the likelihood that the Aussie will remain strong due to improvements in Chinese data. This is still the main reason for the strength of AUD but a report yesterday by the OECD (Organisation for Economic Cooperation & Development) slashed the global growth forecasts. This coupled with a few fears over rising Unemployment in Australia has weakened the currency a touch.
Next week is the start of a new month and consequently new economic data which can move the market. Getting the best exchange rate is about being prepared for every eventuality as it is normally the complacent who suffer the most. Predicting 100% what will happen is impossible but our specialist service will help anyone considering a transfer with a really good price plus outline all the information to make an informed decision about when to enter the market.
The end of the month is usually a busy period as investors settle positions and sell off any surplus investments. You can often see some big unexpected moves on currency so don’t get caught out, register an interest with us and we can make sure you don’t miss out.
If you would like to learn more please contact me directly on jmw@currencies.co.uk, 01494 787 478, thank you.
Sterling report and forecast – The week ahead (Daniel Wright)
Tonight we see the release of the Reserve Bank of Australia interest rate decision and expectations are for another interest ratecut to 3% – Will we see Australia surprise us the other way this time and hold off?
A cut in rates should lead to weakness for the AUD making it cheaper to buy and no cut may lead to the AUD becoming more expensive for those looking to buy Australian Dollars with the Pound.
Industrial and Manufacturing produuction figures are out for the U.K tomorrow morning which may kick start the month for Sterling, a positive start may push us through the 1.25 barrier against the Euro and back through the 1.60 mark against the USD however I feel the U.S election will help to strengthen the USD in the coming days as long as there are no big surprises thrown up in the next few days.
The Bank of England interest rate decision is not expected to throw any big surprises up on Thursday which is shortly followed by the European Central Bank interest rate decision… I feel the press conference following this may be the most important part of the day assuming the Bank of England don’t get up to any tricks with QE.
To round the week off we have trade balance figures for the U.K and should this come out as positive then it may lead to the good start to the month that those looking to sell Sterling and buy a foreign currency are looking for as it should start to back up the positive growth figures we saw at the end of last month.
If you have a currency requirement and want to get the very best of expert knowledge on your side along with awards winning exchange rates when you do decide to take the plunge then feel free to contact me directly and I will personally get back in touch with you to discuss your needs, I can be emailed on djw@currencies.co.uk and I welcome you all to get in touch with me if you wish to.
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Breaking News: Sterling – Australian Dollar exchange rates spike following surprise interest rate cut in Australia
Those looking to buy Australian Dollars will have a smirk on their face when checking out exchange rates this morning as the Reserve Bank of Australia have cut interest rates overnight, leading to weakness for the Australian Dollar and a great buying opportunity if you have AUD to buy in the near future.
A cut in interest rates generally weakens a currency as it makes it less attractive to investors and a hike in interest rates generally leads to strength. Because the markets had not fully priced this cut in rates moved a lot overnight and is once again a key reminder that you need to be on the ball or to have a proactive currency broker on your side to keep a keen eye on movements and upcoming data releases at all times.
If you are in the position where you have a currency transfer to make and you wish to be kept up to date with the very latest market movements and predictions then contact me directly by emailing djw@currencies.co.uk I deal with bank to bank transfers ranging from smaller values of £1000 up to the larger corporate transactions that are in the £millions. I look forward to hearing from you if you want to get better exchange rates and a extremely high level of service.
Pound Sterling Forecast – The week ahead… The end of the week may be highly volatile!
As always the first week of the month tends to be quite a busy one and this week certainly is no exception.
Tonight we see a speech from Ben Bernanke (Head of the Federal Reserve in the States) which could give indications as to the next approach we may see from the States regarding economic conditions.
On top of this we have the Reserve Bank of Australia interest rate decision, once again no change in rates is expected however comments on economic policy or on how the economy over in Australia is performing may lead to a highly volatile night for the Australian Dollar which has struggled a little of late, be sure to keep chjecking our sister site http://www.australiandollarforecast.com/ for the very latest on the AUD.
We have a fairly quiet day in general on the cards for Stering tomorrow unless any surprises pop up, with just Halifax house price data to consider and some inflationary data for the Euro.
Trade balance data for Australia is out overnight which again means those with an interest in Australian Dollars need to make sure they either have protection against adverse market movements or a limit order in place to take advantage of an overnight spike – Feel free to contact me djw@currencies.co.uk if you wish to know how these contract types work, there is no cost to place them and they could potentially save or make you thousands of Pounds.
European retail Sales kick off Wednesday morning which may prove a tricky day for the Euro as traders speculate on what may come from the European Central Bank interest rate decision and press conference on Thursday afternoon.
In my opinion Thursday is the big day for most with a currency requirement this week – We have three big releases inclusive of the Bank of England interest rate decision at 12:00 (no change in rates expected but any mention of QE may dent the Pound) European Central Bank Interest rate decision at 12:45pm (again no rate change expected however the press conference shortly after always throws up a lot of market volatility) and finally we have the minutes from the last rate decision in the States at 19:00pm. Confirmation on how the QE3 decision came about and future plans to tackle economic problems may lead to all currencies moving around a lot overnight – once again a limit order or stop loss may be a sensible approach.
Friday we have Non Farm Payroll data at 13:30pm 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 datais 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 directly djw@currencies.co.uk I welcome all enquiries for bank to bank transfers however i’m afraid I cannot help with cash transactions or speculation.
This week is to be of great interest for those with upcoming currency transfers – A lot of economic data to consider!
This week is expected to be a fairly volatile one for Sterling against most major currencies as we are due lots of economic data out from across the globe over the course of the weeks trading.
Today will no doubt be the calm before the storm as we have Labour day over in the States leading to slightly thinner trading conditions and not too much in the way of data out either.
Here is an overview of what to expect for the week ahead and which moments to keep an extra keen eye on the market for in your particular circumstances.
Tuesday
One for very early starters and potentially to think about today if you are based in the U.K is the Australian Interest Rate decision due at 05:30am on Tuesday morning. No change to rates is expected however be aware we could see a surprise on this one as there Had been speculation of a rate cut to push back the ever strong AUD. An interest rate cut is generally seen as negative for the currency concerned and a hike positive so any movement or even hint of rate movement could lead to market volatility overnight.
Following this another for early birds is the Swiss Gross Domestic Product figure – GDP measures the amount an economy grew or shrank during a specific period and in this instance the Swiss economy is expected to grown but by a lot less than the rate it had been growing at, should this happen we may see the Swiss Franc lose a little ground on Tuesday morning so for anyone looking to sell Swiss Francs it may be prudent to do at some point today.
For Euro followers we than have a little Inflationary data for the Euro zone at 10:00am.
Wednesday
Again Australia starts the ball rolling on Wednesday with GDP figures coming out at 02:30am – Expectations are for the economy still to be growing however for the pace to have dropped a little, potential for AUD weakness overnight is there should this be the case.
Some Inflation Data out at 08:15am for Switzerland following by a raft of inflationary data floating in from Europe, European Retail sales and the European unemployment rate at 10:00am so Euro buyers and sellers really do need to be on the ball during the morning session, if you have an upcoming Euro transfer yet don’t have time to follow a market that moves every two seconds then let me do the donkey work for you – Feel free to email me directly djw@currencies.co.uk and get a specialist on your side which could save you thousands of Pounds.
Later in the day we have the Bank of Canada Interest Rate Decision at 14:00pm – No change to interest rates is expected however any comments on economic change may lead to a volatile afternoon for the Canadian Dollar.
Thursday
Thursday doesn’t let us down when it comes to data and we have some larger releases for Sterling, Euro and Dollar interest.
First things first we have European GDP figures at 10:00am to kick start the day with a bang followed by the U.K interest rate decision due out at 12:00pm – Again no change in rates is expected but mention of QE and any other economic tactics could lead to a shaky afternoon for the Pound.
Shortly after this we have the European Central Bank Interest Rate Decision and an interest rate cut is on the cards for this one. Should we see a cut the Euro may slightly weaken however when a release is already forecast by analysts the market tends to move in advance of this so should we not see a cut the Euro may strengthen further with force as the market corrects itself. The head of the European Central Bank Mario Draghi also holds a press conference at 13:30pm and this can give indication on future policy and lead to a very jumpy hour or so for Euro Exchange Rates.
Thursday afternoon will see the release of some employment data for the States so the Dollar may join the volatility party if we do see any change from expectations.
Friday
To finish the week off we have early morning Swiss Unemployment at 06:45am and then some Industrial and Manufacturing data out for the U.K at 09:30am which can lead to large swings for the Pound depending on how it comes out, further GDP data for the Euro zone is due at 11:00 and then finally Non Farm Payroll data at 13:30pm we have 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 directly djw@currencies.co.uk I welcome all enquiries for bank to bank transfers however i’m afraid I cannot help with cash transactions or speculation.
Important day for all markets today – bank of England interest rate decision and European Central Bank interest rate decision to be of interest for all currencies including GBP EUR USD AUD NZD CAD CHF ILS PLN and all majors as attitude to risk may change
An important day on the markets today for all those with currency requirements in the near future as we have both the Bank of England and European Central Bank interest rate decisions due at 12:00opm and 12:45pm respectively.
No change in interest rates is expected although there is a minor chance of a surprise cut the important factors however is that we could see key announcements of comments shortly following the decisions.
The Bank of England seem to be very good at weakening the Pound and any mention of further QE (Quantitative Easing) may lead to Sterling weakness or indeed any other spanners thrown into the works for the U.K economy.
Shortly after the European Central Bank interest rate decision we have the ECB press conference which should be key for those with interest in all major currencies. The reason that the Euro has gained back a lilttle strength, currencies such as the AUD, NZD and ZAR have also strengthened and the USD weakned against the Pound over the start of the week is the fact the head of the ECB (w3ho will be heading up the press conference) made extremely positive comments about the Euro and how he plans to do everything he can to save the Euro going forward. These comments sent bond yields tumbling away from the worrying 7% level for Spain and Italy and meant that investors had a better attitude to risk suddenly, meaning they get involved in riskier investments and pull funds out of the ‘safer haven’ currencies such as the U.S Dollar.
I expect that Mario Draghi will not have changed his stance over the past few days and we could see another Euro positive press conference this afternoon, leading to potential strength for the Pound against the Dollar and weakness against a basket of other majors inclusive of EUR, AUD, NZD and ZAR. Of course anything can happen in these decisions and conferences and there is a lot going on behind closed doors at the moment but if you have a transaction to carry out it is key you have a proactive currency broker on your side.
Should you have a bank to bank currency transaction to carry out either imminently or in the future then I can personally help you. I deal with private and corporate clients and offer not only award winning rates of exchange but an award winning level of customer service to match. Email me today djw@currencies.co.uk if you would like assistance and I shall be more than happy to call you back, If you just want updates for now then feel free to join our mailing list by filling in the form at the top right hand side of this page.
