Tag Archives: sales
Pound still finding it a struggle despite positive Retail Sales (Daniel Wright)
The Pound has had a tough day again on the markets barely gaining any ground against most major currencies and virtually trading sideways against the Euro.
Despite a fairly good economic data release with Retail Sales looking up, nothing seems to be able to kick-start the Pound back into a period of strength again.
Tomorrow we see Public Sector Net Borrowing figures for the U.K which is again expected to be slightly better than we have seen of late and should lead to a little Sterling strength but do not expect a major spike on what seems like a fairly comfortable and quiet market awaiting the next big news from Europe.
Those with a pending currency transfer either buying or selling the Pound should still however ensure that they keep a very close eye on the market as although quiet and fairly stable at present there is a lot going on behind the scenes at Central Banks and Governments and we could quite easily see a large movement happen some point soon – More than likely surrounding what happens regarding Europe which may effect all major currencies as attitude to risk changes globally.
If you want to be kept up to date with the very latest market movements and then to get the best exchange rate as and when you do decide to carry out your transfer then I can help you with both. Do feel free to contact me directly and I will deal with you personally, with years of experience on the market and dealing with currency transfers large and small you will certainly be in the right hands – You can email me directly on djw@currencies.co.uk
U.K Retail Sales due out tomorrow at 09:30am – This could swing either way but I feel it could give the Pound a lift
After a reasonably quiet day on the markets tomorrow could bring much of the same, however first thing at 09:30am we do have the release of U.K Retail Sales for the month of December.
For those of us unlucky enough to be stuck in the U.K last December you may remember just how dire it was with all the snow, and the high street took a bit hit over what should have been a booming time for many retailers.
This year, I have seen reports that business was booming, this may lead to a reasonable figure in the morning and a short term spike for the Pound.
Of course many analysts will already be expecting a good figure so anything less than good may do quite the opposite but this is certainly one to keep a keen eye on.
If you have an upcoming transfer to make, join the hundreds of people that have contact me directly through this site and found that I have got them a much better price than their current bank or broker…. Feel free to email me on djw@currencies.co.uk with a contact number and what you are looking to do and I shall be happy to get in touch.
Retail sales better than expected – The Pound however does not move accordingly
Retail sales came out this morning however the release did not lead to a major market movement in the right direction, somehow in these times of high unemployment and standing on the edge of another recession people are still spening plenty of money.
Many of my clients I speak to involved in manufacturing and retail are not exactly having a great time out there and I think (and so must investors hence the minimal strength today) that this is merely a minor jump in the right direction and 2012 will not start so well…. The Dollar had continued its run of form over this morning however the Pound has boxed its way back ever so slightly in early afternoon trading, consumer confidence figures for the U.K tonight are the next big focus point for the U.K and it would surprise me to see these to come out farily poor.
We appear to be range bound against the Euro this week (1.16s – 1.17s) as we awaiti the next big surprise to push the pairing one way or another, personally I think the European problems will come back to a head agian sooner than you can say “super mario” however another prolonged cover up could well take place in the lead up to Christmas too….
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Sterling strength following retail sales figures and the week ahead
Sterling has had a brighter start to the day following reasonably good retail sales figures released overnight.
The Pound is up against pretty much all major currencies, creating some fantastic buying opportunities for those looking to send money overseas in the near future.
The rest of the week brings out Halifax house price data, due at some point todayalong with the NIESR GDP Estimate – This is an estimate by the National Institute of Economic and Social Research and can be quite a market mover should their predicitons be a way off of current Gross Domestic Product estimates.
Tomorrow we see New Zealand announce their interest rate decision, it is widely thought that they will keep rates on hold as Australia did last night however any surprise may lead to a volatile night for GBP-NZD rates.
The Bank Of England also have their monthloy interest rate decision on Thursday at 12:00 and with the last few occasions showing many menbers apparently sitting on the fence to see how the economic battle pans out one would imagine we won’t see any huge movements off of the back of this, however be aware they do like to surprise us now and then.
I feel we may see a reasonably flat week from here forward however that outlook could change considerably so keep an eye on the site for updates later in the week.
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