Tag Archives: the best rates
Moving money internationally at the best exchange rates does not need to be complicated! Please read on to learn how I believe I can save you money on currency exchanges today. And despite the relative ‘ease’ and convenience of using your bank or existing broker, you may find that a quick call or email could end up saving you thousands. A client who recently contacted me via this site saved over £3500! He made one phone call to me last week ahead of this week’s property completion. I quickly explained how we worked and that I thought it was worth waiting on his Euro exchange until this week, following the Greek elections. By following this guidance he made about £1500 extra on the market rate and I beat the type of rates his other source was offering by £2000.
So how does it work?
As specialist currency brokers working for one of the UK’s top brokers we buy and sell very large volumes of currency. Trading about half a billion pounds a year we can source an extremely sharp commercial rate of exchange which means we can then sell on the currency to you at a preferential rate. As market analysts we can also provide forecasts and predictions on your rate and keep a close eye on things so that your transfer does not become too expensive as things can quickly change and take a turn for the worse. Opening a trading account with us is 100% free and there is no obligaiton to use us. Because we buy the currency at source direct in the live market, we can pretty much guarantee we will get you the very best deal. So here is what you can do today to start saving and getting the best deal…
1 – Speak to us! Either use the contact form or send me, email@example.com or any of our team an email or give us a call on 01494 787 478. If outside of the UK please use 00 44 1494 787 478. We have clients all over the world including Australia and Asia, so please don’t think this service applies solely to UK or European based clients
2 – Quickly let us know what you are looking to do including volumes, timescales, targets and any other important information.
3 – We can then quickly explain all of your options and you can decide whether it is for you. Opening a free account takes two minutes and you then have access to live rates instantly. We can offer same day payments too, so don’t worry if your need is imminent!
For your security we also operate ‘Segregated’ Client Accounts. This means your money is protected and held in a similar fashion to lawyers and accountants. We are authorised by the FSA (Financial Services Authority), all transactions are covered by the Financial Ombudsman Service and we also have obligations under HMRC (Her Majesty’s Revenue & Customs). We are a UK plc that has been trading for 12 years and have won awards for our rates and service, including from The Sunday Times.
If you are interested in what we say we can do for you, but have any doubts about the security or the authenticity of our business, please feel free to speak to us. This free site was setup to provide information for anyone with a currency transfer and to highlight to people that they do not have to settle for the extortionate rates and terrible service offered by the banks. We will always go that extra mile for readers of this blog and one phone call or email could literally save you thosuands!
Following on from the financial crisis the pound had dipped to some of the worst levels against the major currencies, it has recovered to some extent but there are still huge uncertainties ahead for the pound. If considering any transfers involving sterling or any other currency we would be really interested to speak to you and personally assist with any transfers you need to make.
If you have any specific questions I would be more than happy to speak directly to you today. My name is Jonathan and you can either call me on 01494 787 478 or email firstname.lastname@example.org
With no further Quantitative Easing announced the Pound is looking quite safe for the time being. The ECB (European Central Bank) cut rates as expected but most telling so far today was Mario Draghi playing down expectations the ECB will be coming to the rescue of the weaker Euro nations. What now for Italy?
Unfortunately the main thrust of the speech focused on improving liquidity to banks in Europe. Basically making it easier for them to acquire short term funding for their day to day operations. I think this reflects the fear that another major credit crisis could be brewing in Europe, and it is good the ECB are doing this. It is not however enough. I talked this morning about how (perceived) riskier assets and the Dollar will react to events in Europe and we have had a mixed bag, but definitely the main direction has been a market not happy with what they are seeing. What will tomorrow and the weekend bring?
GBPEUR dropped to within a whisker of the 9 mothh high at 1.1767, GBPUSD retraced steps back to 1.56 and GBPZAR ( the biggest mover today) saw 3% movement, nearly breaking the 13 mark (again). This is all due to investors fearing not enough is being done in Europe. Exact movements are difficult to predict and quantify, suffice to say it is presenting good opportunities for clients who are prepared. Events have as predicted today presented some great opportunities to buy and sell foreign exchange, the movements being very sudden and unpredictable. I expect tomorrow will be the same, I really can’t stress the importance enough of keeping in touch with a specialist broker such as myself.
If you would like me to keep an eye on things and provide the relevant updates specific to your trades, feel free to get in touch on email@example.com quoting PSF. I look forward to hearing from you.
This well known quote from the ‘Sage of Omaha’, Mr Warren Buffett relates to investing attitudes. It is pretty self explanatory but basically states that by going against the current market you can make attractive gains. This is exactly what we have witnessed recently on pound sterling exchange rates. The recent panic caused by the Eurozone debt crisis has cooled slightly today from comments by Angela Merkel the German Chancellor that the Eurozone must stick together. This rhetoric is however not being reflected in other areas with many reports that the Germans are in fact planning for a Greek default. It looks like the uncertainty is going to continue to present volatility on exchange rates and this Euro crisis affects not just the Euro rate, but nearly all other major currencies. Hence why we have seen major movements recently on all the majors.
Higher inflation figures released this morning for the UK at 4.5% have caused some sterling weakness as it gives less credibility to the economic policy for the UK. I believe we have also seen lots of investors taking heed of Mr. Buffett’s advice and taking some of the profits they made last week and yesterday. The pound has lost over a cent from yesterday’s highs but gained slightly against the resurgent US dollar. The Aussie and Kiwi have clawed back some ground as investors again take profits and on the back of Merkel’s comments.
We still have quite a busy week ahead for the pound with Unemployment Data due tomorrow and Retail Sales Thursday. Following August’s riots and unexpected rise in Unemployment these figures will be watched carefully and we could see the pound lose some of the impressive recent gains, particularly those against the Euro. Exchange rates are moving every few seconds and can move for completely unexpected and unpredictable reasons. With over 4 cents gained on the Euro, 3 cents on the Aussie and nearly 5 cents lost on the US dollar (and all in the last few days!) we are looking at some very volatile trading conditions.
We are specialist currency traders who write this blog for the benefit of clients and members of the public. If you have any FX transactions to undertake why not speak to us to see if you could be getting a better deal? Feel free to contact the author direct on (+44) 1494 787 458 or alternatively e-mail firstname.lastname@example.org Please quote PSF and JMW when making your enquiries.
When we mention ‘safe havens’ the UK is pretty low on the list of favoured options. A safe haven investment is something that is deemed to be very low risk and therefore a ’safe’ investment. In times of uncertainty favour for such investments increases as attitudes to risk change. As money pours into any investment it becomes more expensive to buy as the price goes up. Typcial safe havens would be Gold, the Swiss Franc and the US dollar. Gold and the Swiss Franc have appreciated in value massively in the last few years as investors seek safe havens amidst the doom and gloom surrounding financial markets. One of the reasons the US dollar has lost value is that when the financial crisis first hit in 2007/8, money poured into the dollar. Since then whilst major fears remain, the global economy has recovered and safe haven funds have been moved away from the dollar into other slightlier riskier assets like the Aussie dollar and even the Kiwi.
The pound is not really considered a safe haven in the same vein as Gold and the Franc, or even the dollar but that could be about to change. London has more FX transactions taking place than any other financial centre in the world and is therefore the largest foreign exchange centre in the world. The unique placing of the UK geographically means throughout the day we can deal with the Asian markets, European markets and the American markets. I also had read a report that the Chinese Yuan is to be developed more as a global currency and this is to be done with the assistance of the UK. George Osborne recently met with the Chinese Vice Premier to discuss this exact opportunity. As such a large financial centre London was majorly affected by the financial crisis but it does still retain a very strong international reputation for being a ‘good place to do business’. Such major moves as the work with China and the tough budget deficit reduction measures the coalition government has undertaken all have the goal of restoring Britain’s financial credibility in the long run. Yes we are experiencing some harsh times but we knew things would be tough. Only time will tell whether the measures taken to combat the UK’s debt problems are too tough. I feel the long term goals that are being pursued will give the pound strength but it will take time for this confidence to be restored.
If you have any currency requirements at present we can secure extremely sharp commercial rates of exchange. Even if your needs are in the future we can secure todays rates for a small deposit with no need for full settlement for two years. If you would like to discuss any of the issues surrounding your foreign currency transfers please get in touch on 00 44 1494 787458 or e-mail email@example.com