Tag Archives: strength
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 email@example.com 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 firstname.lastname@example.org 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.
With the UK election now out the way and concerns remaining over Greece GBPEUR is at some of the best levels for 8 years presenting an excellent opportunity for anyone buying Euros. Continued uncertainty over Greece may push this higher but with the latest revision of UK GDP due tomorrow, the current excellent levels may not last too long.
This morning’s UK GDP data has seen sterling come under pressure. Last month’s data showed the UK economy was growing at 0.3% which was less than most other leading economies causing GBP to fall. If you have a transaction involving the pound please let me know so I can alert you to any developments. Making some plans to buy soon might be sensible as we could now see sterling fall from these excellent highs, particularly if there is a Greek deal arranged soon.
For more information or to trade please contact me on email@example.com
GBPEUR has been over 1.36 representing some excellent opportunities to buy Euros not seen for 7 years. If you need to buy or sell the pound taking stock of current levels could be the best way to maximise your deal. The outlook for the currency markets is rather uncertain with the Greek news and further uncertainty up ahead.
If you need to buy or sell the pound making plans is always sensible. Leaving everything until the last minute is not generally a very good option as you never know what will happen! For more information please contact me Jonathan on firstname.lastname@example.org
Sterling strength today following positive unemployment figures – The Pound hits over a seven year high against the Euro – Is this now the best time to buy Euros? (Daniel Wright)
The Pound shot up during morning trading and has continued to creep higher during this afternoon following much better than expected unemployment figures along with uncertainty over Greece still casting a grey cloud over the Euro.
The Greek debt agreement is now starting to feel like an old soap opera with us being left with cliffhangers over and over again without really seeing any real resolutions.
The latest I had heard earlier today was that Greece would be looking to request a six month extension on their debt deadline which will further delay a main resolution and will no doubt keep this saga continuing.
Those looking to buy a property within the Euro zone will currently have a huge smile on their face as buying €300,000 has now become £16,000 cheaper so the temptation to book something in now is hard to resist.
It is easy to forget that you do not have to book out all of your currency in one go, a mistake many people still make. If ever I have the need to make a large currency purchase I would split my requirement into two or even three chunks. The beauty of this is that you are eliminating a portion of your risk should the rate suddenly come back down yet should it creep up a little further you are still able to take advantage of it.
If you have Euros to buy or sell, or indeed any other major currency to exchange and you want the very best rates of exchange along with exceptional customer service then you can deal with me personally. All you need to do is email me (Daniel Wright) directly on email@example.com and I would be more than happy to contact you personally.
The Swiss National bank decision last week reminds us of the uncertain nature of the currency markets and with two extremely important events tomorrow and Sunday for the Euro, I wanted to make sure you my clients understood the potential implications. Whether selling the New Zealand dollar or buying the Australian and US, the events in the Eurozone have changed market sentiment towards all currencies.
If you are planning any transfers in not just the next week but the next few months you might want to consider all of your options or highlight a situation to me. That way I can provide updates and information so you do not miss out.
GBPEUR is close to a 7 year high, the best time to buy Euros with sterling since 2008
GBPUSD is close to a 18 month low, it is the best time to sell USD for GBP since July 2013
The only way to predict the future is to create it!
Against such uncertainty using one of our contracts you can create the future. Forward purchasing using a ‘forward contract’ allows you to buy all the currency you need today paying only a small deposit and the balance within a year. Limiting your exposure to some of the most uncertain markets in years seems a very good idea to me.
Alternatively a Stop Loss order will automatically execute when the rate drops to a lower level than desired (protecting against losses) whilst a Limit order triggers when your desired higher rate is reached. Exchange rates change every second and such contracts guarantee your price even if the rate is just hit for a second.
For more information trade please email me Jonathan on firstname.lastname@example.org
When considering making a currency exchange an understanding of what is driving the exchange rate is vital to getting the most from the market. How can you make a decision on when is the right time to enter the market if you don’t know what is happening? The idea of this blog is to provide information on just where rates are headed and make sure you get the best price when you do decide to enter the market.
Sterling has done really well this year as the UK economy improves and investors position themselves for the UK to raise interest rates. Next year we would expect the UK elections to move the market, the increased uncertainty surrounding the political situation in the UK is bound to cause ripples on exchange rates. If you have a transaction that you need to consider why not get in touch with our specialist team to find out more about moving money internationally at the very best rates.
Please contact me Jonathan on email@example.com for a quick overview of your position
UKIP continue to make gains in polls and are certainly likely to be a thorn in the side of the more established parties, indeed they already have been. But is this more a reflection of the tough times ahead for the UK (and the pound) or a flash in the pan protest vote?
UKIP have the power to severely undermine confidence in sterling. there is tremendous uncertainty posed by a party with no solid economic idea from what I have seen. Aside from promising to withdraw from Europe and playing on peoples immigration fears it is difficult to find concrete policy. Let it be known that any withdrawal from Europe would have wide reaching consequences for the UK economy and hence the pound. Whilst it might be welcomed we examine the relationship with Europe the economic benefits of being part of Europe should not be underestimated.
We shall learn much more about the true effects of UKIP on the pound in the next few months as we have bi-election and then the General Election in May 2015. The effect on sterling from increased political uncertainty will undoubtedly be negative and anyone hoping to see sterling keep climbing in 2014 and beyond might be disappointed.
To keep up to date with the pound and how important events affect your exchange please contact me Jonathan on firstname.lastname@example.org