Tag Archives: pound

The best way to predict the future is to create it!

The next 48 hours and next week could see excessive volatility on sterling exchange rates with swings of up to 10% not unexpected. If you are considering a currency exchange in the next few weeks or months the decision today and tomorrow could change your rate dramatically, now is not a time to be too complacent! On a Leave vote the pound could slip by up to 10 or 15% according to some reports whilst a Remain vote will see the pound rise by I would say 5-8%. At the moment the market has priced in a roughly 70% chance of a Remain vote so the big risk in this event will be the Leave vote which would seer the rates fall so dramatically. If you are considering a trade currently and wish to check your exchange rate or get some useful information on options please speak to me Jonathan on jmw@currencies.co.uk.

A Leave vote will signal big changes and uncertainty as the pound will be subject to big changes in the UK’s relationship with Europe and the wider world. The Brexiteer argument will suggest this will open up new opportunities but I don’t think anyone can deny the potential negative impact a vote to Leave on the economy. At the moment we just don’t know exactly what will happen in the future and therefore I would suggest a Leave vote is the big risk to the pound.

If you are considering a transaction in the future I would strongly suggest making some plans in advance is a very sensible move to try and avoid the risk of losing a great deal of money. Excessive volatility on the exchange rate could cause great distress and hanging on to see what happens might prove very costly. We are working around the clock to support anyone who has a currency transfer to consider, if there is anything you are looking to do or to receive information on please speak to me Jonathan on jmw@currencies.co.uk

Pound’s value falls due to ‘Brexit’ fears (Dayle Littlejohn)

In the last 14 days the Pound has fallen 6 cents against the Euro and US Dollar. A 200,000 Euro and US Dollar purchase is now £7,200 and £5,700 respectively. 

The reason for the fall polling stations are suggesting the ‘in’ and ‘out’ campaign are neck and neck and the bookmakers have completely slashed the odds that the UK would remain part of the European Union.

With immigration the hot topic for the ‘out’ campaign Labour MP John Mann has today admitted he does not back Labour’s principle of leaving the borders open and one of the reasons for this is due to the severe pressure on the NHS.

However Labour leader Jeremy Corbyn has hit back by thanking all foreign doctors, nurses and all other foreign workers within the NHS for their hard work.

The closer we get to the referendum I believe the Pound’s value is going to fall and then the outcome will dictate the exchange rates you will receive for many years to come! 

Today UK inflation numbers remained at 0.3%. The Bank of England are targeting 2% before they think about hiking interest rates. However I believe if the UK leave the EU the Bank of England will slash interest rates almost immediately regardless if inflation was at 2%.

When buying or selling the Pound its important to analyse both currencies that you will be trading (GBPEUR, GBPUSD, GBPAUD). Feel free to email me with the currency pair you are looking to trade and the time-scales you are working too and I will email you with my forecast and the process of using our company drl@currencies.co.uk.

As a company we pride ourselves in the ability to get you a better exchange rate than your current currency provider or your bank. In addition we can outline your options and the potential future events which will impact your exchange rate which will make you more informed when trading.

Alternatively call me on 01494-787478 and ask to speak to Dayle Littlejohn. I look forward to hearing from you.

The only thing that is certain at present is uncertainty in the market – Take it on at your peril! (Daniel Wright)

The last week or so has led to some fantastic buying and selling opportunities for those looking to send money overseas or bring money home, the most notable movements being an overall drop in the value of Sterling against most major currencies.

Uncertainty is one of the worst things you can have hanging over the head of a currency, and at present we have uncertainty both for our economy and in a political sense. Should we vote to leave then not only will there be months or even years of negotiations to come but also David Cameron will be in a fairly awkward position at number 10.

At present the EU referendum is following a similar pattern to the Scottish referendum whereby as the day approached polls started to show a close run affair, the media hyped it all up and then in the end the large group of undecided voters ended up sticking with what they knew. It is looking like we may have a similar situation with this referendum however do not rule out the leave camp winning.

The issue is that those that wish to leave are exceedingly enthusiastic and are turning a lot of heads. I still feel that remain will edge the vote and that the Pound will gain back value shortly afterwards however if you have a large currency exchange to carry out in the coming weeks and months then it may be prudent to protect your position a little and secure some of your needs before the result.

We here at Pound Sterling Forecast all work for one of the largest currency brokerages in the U.K with access to exceedingly competitive and rarely beaten rates of exchange, along with awards for our customer service.

If you feel that we may be beneficial to you then feel free to get in touch with me (Daniel Wright) the creator of this site many years ago and I will be more than happy to help you personally. We deal with bank to bank transfers ranging from £1000 to multi-million pound exchanges and will be able to explain all of the options to you in clear and easy to understand terms. Email me today on djw@currencies.co.uk with a description of what you need to do and a contact number and I will contact you at the earliest opportunity. You can also call our trading floor hotline during trading hours on 01494 787 478.

Sterling falling against most major currencies (Dayle Littlejohn)

With the EU referendum only 11 days away I expect the Pound to come under further pressure. Brexit polls are suggesting the decision will be neck and neck however the bookmakers are still backing the ‘in’ campaign as favorites.

I expect the Pound will lose value all the way up until June 23rd and depending on the decision the Pound could either considerably strengthen or weaken.

This week the UK releases their latest Consumer Price Index (inflation) numbers. In recent months inflation has improved very slightly however due to consumer confidence diminishing presently due to fears of a Brexit I wouldn’t be surprised to see inflation fall.

Wednesday afternoon the FED releases their latest Interest Rate decision. The US have hyped up Interest Rate hikes this year but so far this has never materialised. I expect the US will not hike again this month and they will use the EU referendum and poor Non-farm payroll numbers as their excuse. I expect the Pound could lose value against the Euro however make gains against the US dollar.

If you are buying or selling the Pound this year June 23rd EU referendum decision will have a major impact on your trade and could COST or SAVE you thousands!

When buying or selling the Pound its important to analyse both currencies that you will be trading (GBPEUR, GBPUSD, GBPAUD). Feel free to email me with the currency pair you are looking to trade and the time-scales you are working too and I will email you with my forecast and the process of using our company drl@currencies.co.uk.

As a company we pride ourselves in the ability to get you a better exchange rate than your current currency provider or your bank. In addition we can outline your options and the potential future events which will impact your exchange rate which will make you more informed when trading.

Alternatively call me on 01494-787478 and ask to speak to Dayle Littlejohn. I look forward to hearing from you.

 

Sterling continues to fall against the Euro in the run up to the EU Referendum on 23rd June (Tom Holian)

Sterling has once again fallen against the Euro during the week as pressure builds on the Pound over the uncertainty surrounding the EU referendum vote just less than 2 weeks away.

It seems as though this has been the main topic of conversation concerning the currency markets and until the outcome is known we are in for a very volatile and uncertain 2 weeks.

Sterling was trading 6 cents higher against the single currency just 2 weeks ago but following opinion polls by both the Guardian and last week’s Telegraph poll showing a 69% vote in favour of a Brexit by 19,000 subscribers there is clearly an appetite for the Leave campaign.

This weekend Sir James Dyson has spoken out in favour of leaving the European Union and as he is such a public figure this could encourage more Brexiteers.

Economic data for the UK has come out rather positively recently but each and every time Sterling has only risen for a very brief period of time and it’s clear that the topic of the Brexit is dominating the sentiment for the Pound.

UK bond yields have also significantly fallen with global investors shying away from holding Sterling at the moment and until the economic future is known then I would not be surprised to see further falls for Sterling not just against the Euro but every other major currency.

Many of my clients have been opting for forward contracts which means you can secure your exchange rate for a future date and this is particular useful if you have stage payments to make or a buying a property in the Eurozone.

If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank or another currency broker then contact me directly for a free quote. Tom Holian teh@currencies.co.uk 

I look forward to hearing from you and enjoy your weekend.

Pounds value continues to fall (Dayle Littlejohn)

Yesterday evening SNP leader Nicola Sturgeon and Former Mayor of London Boris Johnson went head to head live on ITV. I feel that the out campaign got the upper hand last night and this could be the reason why the Pounds value has dropped this morning.

The next TV debates to look out for are two BBC Question time debates on the 15th and 19th. On the 15th Justice Secretary Michael Gove will answer questions on the case to leave. On the 19th UK Prime Minister David Cameron will take questions on how remaining in the EU will benefit the UK. Expect further volatility after these events.

The next economic data release to look out for is Consumer Price Index numbers Tuesday at 9.30am. I wouldn’t be surprised to have seen consumer spending fall due to the upcoming EU referendum and therefore inflation numbers could fall. Don’t expect this data release to provide strength for the Pound.

If you are buying or selling the Pound this year June 23rd EU referendum decision will have a major impact on your trade and could COST or SAVE you thousands!

When buying or selling the Pound its important to analyse both currencies that you will be trading (GBPEUR, GBPUSD, GBPAUD). Feel free to email me with the currency pair you are looking to trade and the time-scales you are working too and I will email you with my forecast and the process of using our company drl@currencies.co.uk.

As a company we pride ourselves in the ability to get you a better exchange rate than your current currency provider or bank bank. In addition we can outline your options and the potential future events which will impact your exchange rate which will make you more informed when trading.

Alternatively call me on 01494-787478 and ask to speak to Dayle Littlejohn. I look forward to hearing from you.

 

The referendum and potential Brexit – What impact may the next few weeks have on Pound sterling exchange rates? (Daniel Wright)

So there is no doubt in my mind that we have an extremely important few weeks coming up for sterling exchange  rates and we will have a great deal of volatility in the lead up to and shortly after the referendum.

We will see some extremely great opportunities for both people needing to buy and sell the Pound and we are already gathering together all of our clients with currency requirements so that we are poised to let them know of a big movement in their favour. If you would like to have us on your side throughout the referendum then feel free to fill in the enquiry form on the right hand side of this page or email me (Daniel Wright) directly on djw@currencies.co.uk and I will be happy to speak with you and tailor a plan to try and help you get the most for your money.

With exchange rates moving on speculation as well as fact, every poll that is released in the coming weeks will lead to sharp and rapid movements. Over the past two weeks we have seen the Pound rise rapidly when bookmakers and polls had the remain camp flying ahead only to see the Pound drop off throughout the course of last week as the leave camp fought back.

Latest odds with the bookies still suggest remain are ahead but there has been a great deal of money placed on Britain leaving the EU over the past week or so.

The reason the leave camp winning weakens the Pound is due to the uncertainty that it brings  both for the economy and in a political sense. We will not know the terms of any trade deal for a long time and the Prime Minister will probable feel a little uncomfortable that the campaign he was behind has lost in a vote by his public.

My personal view is that we will end up remaining but it will be an extremely close run affair. The problem for those in the remain camp is that the enthusiasm for those wishing to leave is a great deal larger than those wanting to stay, so the turnout is going to be of key importance to the remain camp as many people that would vote remain may not even get down to their polling stations. On top of this, those wishing to leave are preaching a lot louder than those in the remain camp and seemingly turning more and more heads as the battle rolls on.

With this in mind, it would not be surprising to see Sterling drop off a little in the lead up to June 23rd, especially if the polls remain close. If we do see the remain camp win then I would expect Sterling to see an increase in value, I do expect a huge jump on the day but we would more than likely get a fairly sharp spike followed by days of continued strength.

If you are in the middle of buying or selling a property overseas or if your business has upcoming requirements then you need to make sure you have a proactive broker on your side. There are options available to you including limit orders, stop losses and forward contracts, all of these can help you minimise your currency risk in this difficult market.

We here at Pound Sterling Forecast all work for one of the largest currency brokerages in the U.K with access to exceedingly competitive and rarely beaten rates of exchange, along with awards for our customer service. If you feel that we may be beneficial to you then feel free to get in touch with me (Daniel Wright) the creator of this site many years ago and I will be more than happy to help you personally. We deal with bank to bank transfers ranging from £1000 to multi-million pound exchanges and will be able to explain all of the options to you in clear and easy to understand terms. Email me today on djw@currencies.co.uk with a description of what you need to do and a contact number and I will contact you at the earliest opportunity. You can also call our trading floor hotline during trading hours on 01494 787 478.

Buying Euro and Dollar rates to be governed by non-farm payrolls (Joshua Privett)

The final day of the week will see severe volatility on buying Euro and Dollar rates around the midday period. This will be the release of US non-farm payrolls, which is a strong indicator of the health of the US economy.

The connection for this on GBP/USD rates is obvious, but GBP/EUR is a more subtle one. As USD/EUR is the most heavily traded currency pairing in the world, the general rule of thumb for anyone planning to engage in the currency markets is to note that whenever you have strength in one this tends to translate into weakness for the other currency, even against its secondary pairings.

Non-farms is such a volatile day that whole books are produced to advise amateurs on how to trade on the day for profit. Although I wouldn’t advise such speculation myself, the results vary wildly, which is what produces such strong movements on the markets since they are so difficult to predict.

Today the results will likely cause even more severe movements due to the fact these figures will be used to gauge whether the US decide to raise interest rates on June 15th.

The figures will be coming out at midday, and it is imperative to approach this release safely, as this data will be governing rates until the beginning of next week.

Those who are risk averse frankly may be wise to move this morning ahead of the data release. Particularly if you are buying Euros, given then last month’s non-farms were about 30,000 lower than expected, and Dollar weakness should translate into a more expensive Euro.

Dollar buyers may be in a position to wait, and may wish to utilize an automatic buy order in order to secure any sudden peaks which emerge in buying rates, even if they are only available for a few moments.

I strongly recommend that anyone with a buying Euro or Dollar requirement should contact me on 01494 787 478 and ask the reception team for Joshua in order to discuss the options open to you through the services of a currency exchange specialist in order to maximise your currency return.

I have never had an issue beating the rates of exchange offered elsewhere, and a brief conversation concerning your transfer could save your thousands. Whether you are buying now or in a few months, these current levels can also be fixed as they are ahead of a future purchase – essentially pre-booking your currency with a small deposit.

Sterling buyers can also get in contact, and I can explain the option open to anyone considering repatriating their foreign currency. jjp@currencies.co.uk

How is the referendum impacting sterling exchange rates? (Dayle Littlejohn)

Since UK Prime Minister David Cameron announced the UK would hold a referendum in regards to EU membership, sterling exchange rates have been up and down like a yo-yo.

Two months ago Former Mayor of London Boris Johnson had a negative impact on the Pound when he announced he will be campaigning to leave the EU.

A few weeks later US President Barack Obama visited the UK in a bid to rally votes for the ‘In’ campaign and this therefore improved the Pounds position. Further to this the Pound begun to gain momentum as polls  and bookmakers had the ‘In’ campaign clearly ahead.

48 hours ago major bookmakers including Ladbrokes and William Hill have indicated there has been an influx of people betting to leave the EU and consequently they believe the vote is going to be closer than first thought. In addition this is supported by a recent poll by the Guardian. The online and phone poll have the ‘Out’ campaign slightly ahead.

The next 3 weeks different polls, bookmakers and influential people (David Cameron, Boris Johnson etc) are going to continue to predict the outcome of the referendum and therefore this should cause volatility which should devalue the Pound.

As for the decision itself, quite simply if the UK were to leave, I believe the Pound will plummet where as if we stay part of the EU I expect the Pound to make gains against most of the major currencies.

If you are buying or selling the Pound this year June 23rd EU referendum decision will have a major impact on your trade and could COST or SAVE you thousands!

When buying or selling the Pound its important to analyse both currencies that you will be trading (GBPEUR, GBPUSD, GBPAUD). Feel free to email me with the currency pair you are looking to trade and the time-scales you are working too and I will email you with my forecast drl@currencies.co.uk.

For people reading this website for the first time the currency company I work for enables me to achieve clients up to 5% better exchange rates than the high street banks and other brokerages. I specialise in property purchases and sales. Therefore if you are buying or selling a property this year and want to save money by achieving the best possible exchange rates but also want help in timing your transfer, get in touch by emailing me.

If you are already using a brokerage and have stumbled across this article because you are simply looking for information in regards to the currency market, I want to help you save as money compared to the brokerage you are already using. For a comparison email me with the exact figures, the currency pair and the reference QUOTE, I will then email you with our live buying price. drl@currencies.co.uk.

Sterling exchange rates weaken as the leave campaign edge ahead in the most recent poll (Daniel Wright)

The Pound has had a rough start to the trading week, dropping off quite rapidly in trading this afternoon. The main reason behind this was due to a poll on the referendum by the Guardian showing that the leave campaign are now marginally ahead.

With the markets recently starting to price in the remain campaign winning the referendum, we had seen a boost for Sterling exchange rates over the past week or so as the currency markets do move on speculation as well as fact. Any hint of the leave campaign starting to edge ahead or should we get a lot of media hype stating that the vote may be closer than first though then we may see Sterling drop even further.

One of the key things that we need to consider is that the enthusiasm of the leave campaign and anyone planning to vote leave appears to be a great deal higher than anyone looking to remain, so the key issue the remain side need to resolve is getting their voters enthusiastic enough to go out and actually vote, this is where the problem lies.

I personally still think we will stay but it is important to approach the market with a sensible view. If you are looking to take a bit of a gamble then it may be sensible to protect any upcoming currency exchange you need to carry out by booking half of it out and then leaving the other half until after the referendum.

We are here to help you all along the way if you do have an exchange to carry out, we are proactive with getting in contact when the market moves in the favour of our clients and also  have a range of contract types to give you the best chance of getting the most out of the market during volatile times.

If you have the need to buy or indeed sell Sterling for your business, due to a property purchase/sale or for any other reason then it is important to have a proactive broker on your side and one that can get you the very top levels of exchange – It is very easy to settle for second best in this market but it is key to realise that even the slightest improvement in a rate of exchange can save you a huge sum of money.

If you would like to have a brief discussion with me (Daniel Wright) as to how I will be able to assist you with any pending currency exchange then feel free to email me directly on djw@currencies.co.uk  and I will be more than happy to get in touch with you personally. We can cater for people inside our outside of the U.K and carry out bank to bank transfers.