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Sterling exchange rate news against Euro, Dollar, Australian Dollar, New Zealand Dollar and Canadian Dollar (Daniel Wright)

Sterling Euro

The Pound has been fairly range bound against the Euro of late however still remains over 10% up against the single currency since the turn of the year. A difference of over €15,000 per £100,000!!

Unemployment figures due out tomorrow morning at 09:30am will be key for the performance of the Pound during trading tomorrow. Figures are expected to remain at 5.6% and any change to this may cause a volatile start to the day.

Unemployment and average earnings figures are one of the key factors that will impact the Bank of England’s decision on when to raise interest rates so this data is extremely important.

Later in the week on Friday we also have European GDP (Growth figures) and inflation which will show us how much the economy within the Eurozone has grown or shrank during a specific period of time. Expectations are for a little improvement year on year so this may give the Euro a little strength, making it more expensive to buy.

You should at least make me aware if you do need to exchange soon as I can then act as your eyes and ears on the markets to try and ensure you do not get caught out if the markets take a turn for the worse. Also feel free to check out my section on forward contracts below. You can email me on djw@currencies.co.uk or call me on 01494 787478 if you do need to carry out a transfer soon.

Sterling Dollar

Sterling has also been fairly range bound against the Dollar lately as investors and speculators continue to second guess just when an interest rate hike may be coming for the States.

Every time it looks like all signs are pointing towards an imminent hike in interest rates the economic data released appears to dampen expectations due to not quite being as solid as has been expected.

Personally I feel we may see a rate hike before the end of the year but if I had Dollars to sell I would be tempted to exchange at least half of my requirement sooner rather than later as if the hike continues to be delayed then rates may creep back towards the 1.60 level once again.

U.S Retail Sales are due out on Thursday afternoon so this is a key data release to watch out for if you are in the market to buy or sell USD in the near future.

You should at least make me aware if you do need to exchange soon as I can then act as your eyes and ears on the markets to try and ensure you do not get caught out if the markets take a turn for the worse. You can email me on djw@currencies.co.uk or call me on 01494 787478 if you do need to carry out a transfer soon.

Sterling – Australian Dollar/New Zealand Dollar

We have seen fantastic buying opportunities for both of these currencies over the past few months as China finally starts to show the cracks of growing at such a monumental rate.

Chinese data out overnight weakened both of these currencies after they had staged a minor fight back.Governor of the RBA Glenn Stevens still appears content to see a weaker Australian Dollar and data out from New Zealand has not been particularly promising so I feel both these currencies have the potential to still drop further. If you are looking to buy either currency however then it is key to remain vigilant as both currencies have the potential to turn around their  trends extremely quickly and with great force.

Sterling – Canadian Dollar

After finally breaking 2 those looking to buy Canadian Dollars are also seeing a great opportunity compared to where this currency pairing has been sat for the past few years.

With oil prices seriously adding to the grey cloud currently hovering over the Canadian economy the outlook is fairly gloomy for the Canadian Dollar as it stands.

Once again though we do need to remember that it would not take much to see the GBP/CAD rate drop back below 2 should oil prices start to gather traction again so it is imperative that you keep a close eye on this pairing if you have an exchange to carry out.

Forward contracts

If you have a requirement in the future but you do not yet have the full availability of funds you can book out a forward contract. This is where you can book a rate out for up to a year in advance with just a small deposit, removing the risk of the currency market making your purchase any more expensive in the future.

This is ideal if you are in the process of buying a property overseas as you can know exactly how much the property is going to cost you today and eliminate the risk of the Pound dropping away again and missing out on this great opportunity.

I look forward to speaking with you if you have any questions or queries or you would like to book out a rate of exchange.


Pound Sterling Forecast – The week ahead… Economic data which may affect Dollar, Euro, Australian Dollar, Canadian Dollar, New Zealand Dollar and Pound Sterling exchange rates (Daniel Wright)

We have had a reasonably quiet start to the trading week but I thought I would take a look at what the rest of the week has to offer.

This evening we have the RBA (Reserve Bank of Australia)  meeting minutes from the last Australian interest rate decision. Any indication on future interest rate cuts or a change in fiscal policy may lead to Australian Dollar movement overnight. It has been Governor Glenn Stevens that has time and time again suggested he would like a weaker Australian Dollar and he is finally now getting what he has asked for. It would not surprise me to see comments from him that may make the Australian Dollar a little weaker.

The rest of the day tomorrow is fairly quiet all round however we have another late night release for those with an interest in Australian Dollars with a flurry of inflation data for Australian and then Glenn Stevens speaking shortly after.

Wednesday will no doubt be interesting and volatile for Sterling exchange rates with the Bank of England minutes coming out from the last interest rate decision in the U.K. Most important will be how many members of the BOE have voted in favour of an interest rate hike. Recent comments by Governor of the BOE Mark Carney have led to Sterling strength so another nod towards a potential hike may give the Pound a boost.

Shortly after this we have the inflation report and this can also lead to a volatile period for Sterling. This is released at 10:30am and I would expect a jumpy market during this period.

An interest rate decision is then the main focus later on which comes from New Zealand and then Thursday only really has Canadian retail sales figures to offer in the latter part of the afternoon.

Finally on Friday we have some manufacturing data for Europe throughout the course of early morning trading  rounded off with New home sales over in the states in the afternoon.

If you have a currency exchange to carry out either now or in the future then it is well worth getting in touch with me personally. I can help you not only get a great rate of exchange but also with the timing of your transaction. Feel free to email me (Daniel Wright) directly on djw@currencies.co.uk and I will be more than happy to get in touch personally to speak to you.

Sterling exchange rate movements today – Quiet week for economic data this week (Daniel Wright)

First and foremost our sincere condolences to anyone involved in the air crash today, always deeply saddening to hear such news.

Regarding currency, we have seen another fairly stable day for Sterling against the Euro and Dollar yet with fairly sharp drops against the Swiss Franc, Australian Dollar, Canadian Dollar, New Zealand Dollar and South African Rand.

We saw inflation figures out earlier this morning which immediately knocked the Pound as inflation dropped to a rather concerning 0% against market expectations of dropping down to 0.1%.

The inflation issue remains a concern for the Bank of England, along with the fact that Manufacturing figures at the start of the week showing the U.k manufacturing levels are really down.

This may be partially down to the fact that Sterling has been so strong against the Euro of late which has possibly led to European clients of U.K businesses seeking to buy their goods and services from elsewhere in Europe instead of from the U.K as Sterling is just so expensive for them.

With this in mind it is no surprise that the 1.40 level for GBP/EUR did not stick around for long and although there are many problems still within Europe I personally still do not see Sterling gaining significant ground against the Euro in the coming weeks, so if you have a pending requirement to buy Euros for your business or to purchase a property overseas then it may be prudent to look at making a purchase soon rather than potentially seeing another boat of opportunity sail away.

If you have the need to exchange any currency in the coming days, weeks or months then it is key to have a proactive and efficient currency broker on your side for it. The company we work for has won awards both for our exchange rates and customer service so even if you are already set up with a broker it may be well worth you getting in touch with me directly and should save you money.

You can email me (Daniel Wright) on djw@currencies.co.uk with a brief description of what you are looking to do and I will be more than happy to contact you personally. I look forward to hearing from you.


2015 so far and what may lie ahead – Currency market update (Daniel Wright)

‘A bird in the hand is worth two in the bush’

Sometimes it is more sensible to be content with what you already have rather than chasing something which is uncertain

With such great rates on offer at present – It is worth seriously considering locking into a rate of exchange now.

As can be seen above current exchange rate levels are absolutely fantastic for a number of major currencies, especially if buying Euros, Canadian Dollars, Australian Dollars or New Zealand Dollars – Or selling U.S Dollars.

With such great prices available it is always easy to continue to hold out for the rate to keep going but it is indeed key to remember that the markets generally tend to do whatever they need to in order to prove the majority wrong.

If you are looking to purchase a property overseas this year and you want to take advantage of current buying levels then there is a great option available to you known as a forward contract. This useful contract option allows you to lock into a rate of exchange for anything up to a year in advance, paying merely a small deposit initially and then the balance on or before whichever date has been agreed, this is absolutely vita if you are working to a fairly tight budget. Feel free register for free by clicking here and using my name (Daniel Wright) as a point of contact and I will be happy to call you to explain this in more detail.


2015 has been a great year for those looking to buy Euros with Sterling, even with a slight drop off over the past week or so.

With the European Central Bank recently introducing a huge QE (Quantitative Easing) program along with serious uncertainty surrounding Greece the Euro has taken quite a bashing.

With all of this going on it is very easy to think that this trend will continue, it might but I would be exceedingly careful as over the past few years the Euro has had a lot more thrown at it and managed to stand its ground.

If you have been a follower of the market for a number of years you will recall that during the whole European debt crisis the Euro actually managed to gain significant strength and European woes can actually have an effect on the strength of Sterling too.

I would also not be too surprised to see the Government or the Bank of England step in at some point in the future to try and weaken the Pound a little as such high rates against the Euro are very damaging to our exports of goods and services.

All in all we are very close to a seven year high to buy Euros so from my point of view the current buying level is seriously tempting.


The Dollar had been on a great run of form and we had been looking to potentially break through the l level of 1.50 however in the past 24 hours we have moved away from that with thanks to both a slight recovery in oil prices and a member of the Federal Reserve last night commenting that he felt their QE program had stopped too early.

The main Dollar surge came straight after the QE program stopped in the States so if we did see a call to start it again then I would expect to see the Dollar Decline once more.

On the flip side of this, there is so much global uncertainty out there at present we are still witnessing a flight to safety and the Dollar appears to be the main benefactor as it stands.

Australian Dollar

The Australian Dollar has lost quite a lot of ground against the Pound since the start of the year which has been fantastic for those of you that have emigrated and have been waiting on the opportunity to exchange funds at a respectable level once again.

With a surprise interest rate cut and the Governor of the RBA Glenn Stevens seemingly still looking to have the Australian Dollar weaker than it currently is there is still a chance of seeing the rate get up close to 2 but beware as we have seen many a time in the past few months the Australian Dollar can bite back and when it does it is usually a fairly rapid and large surge of strength over a few days.

Canadian Dollar

Sterling has made solid gains against the Canadian Dollar as the Canadian economy has started to drop off a little along with low oil prices and a poor economic outlook. Many major banks now are predicting a bit of a slump in the value of the Canadian Dollar as their economy has to rely on non-export based growth a lot more which will not be easy.

I personally agree at present that there may be a little further for the Canadian Dollar to fall but as always beware of potential banana skins like the election which is due in the U.K that could quite suddenly lead to Sterling weakness.

Swiss Franc

Following the move from the SNB to lift the 1.20 artificial level against the Euro the Swiss Franc has made a slight recovery over the past week or so.

At one point the rate was over 25% lower than the start of the year and now it is less than 10% which just goes to show how much movement we have seen from this currency this year.

Personally I would not be surprised to see this recovery continue now however there have been mentions that the SNB still have a few extra fiscal policies up their sleeve so be extremely cautious and ready to move quickly in case we do see another major market swing.

Here at FCD we pride ourselves on not only award winning exchange rates but also on keeping clients fully up to date with market movements so that they can get on with their busy day to day business.

If you have a currency exchange to make throughout the course of 2015 and you would like us on your side then email me on djw@currencies.co.uk and I will be more than happy to contact you personally.

If you find these alerts useful then why not register with me for a free, no obligation trading facility by clicking here if you have not already done so to get a comparison against your current provider.

Sterling exchange rates – Stable against Euro, rising against Dollar, Australian Dollar, New Zealand Dollar, Swiss Franc and Canadian Dollar! (Daniel Wright)

Sterling exchange rates have remained fairly stable against the Euro over the course of this week, despite news from Greece and the QE program introduced by the ECB (European Central Bank) last Thursday. Many had expected the Euro to continue to fall but as ever the Euro has managed to just about stand firm following an initial sell off.

The Pound has had a fairly positive few days against most other major currencies gaining some ground back against the Swiss Franc most notably after a fairly dramatic few weeks.

We have very little left to come out in terms of economic data for the U.K for the rest of the week however you should be wary of tonight’s Federal Reserve interest rate decision over in America as it may alter global attitude to risk and could have an effect on all major currencies so it really is one to watch out for.

Also, Governor of the Bank of England Mark Carney shall be speaking just before this and although no bombshells are expected this could lead to market volatility this evening.

If you are looking to carry out a currency exchange and you want to not only achieve a better exchange rate than your current supplier but also an award winning personal service then feel free to contact me (Daniel Wright) by emailing me on djw@currencies.co.uk and I will be more than happy to call or email you back.

Pound Sterling Forecast – The Week ahead for Sterling exchange rates (Daniel Wright)

There are plenty of points of interest for those following Sterling exchange rates this week so below is a summary of what lies ahead and how it may affect your rate of exchange this week. Please do remember that if you find our information useful then we do also carry out currency exchange for clients looking to buy or sell foreign property, businesses that have the need for foreign exchange and all sorts of different reasons so it is well worth getting in touch with me (Daniel Wright) by email on djw@currencies.co.uk if you would like access to award winning exchange rates and customer service.

Tomorrow is reasonably quiet for most major currencies similar to today, however for those following the Australian Dollar you should be aware that deputy Governor of the RBA (Reserve Bank of Australia) speaking this morning at 09:55am which, depending on what he says may lead to a little market volatility for AUD exchange rates throughout the course of the morning. Overnight we saw a flurry of economic data from Chinas including growth figures which came out than expected and have indeed give the AUD a little already today.

Wednesday is when the data really starts to hot up and we have data that may affect GBP, USD, CAD, AUD and NZD rates of exchange so if you are looking to trade any of these currencies in the near future you need to make us aware so we can get in touch if there is a large movement. Feel free to email me Daniel Wright directly on djw@currencies.co.uk or to call us on 01494 787 478 so that we can act as your eyes and ears on the market and highlight any buying opportunities.

U.K starts the ball rolling at 09:30am with the Bank of England minutes from their last interest rate decision. The minutes will basically let us know how the 9 members of the MPC (Monetary Policy Committee) voted at the latest decision in terms of interest rate change. Any change in favour the number of members voting in favour of an interest rate hike could give the Pound a boost and if we have fewer members opting for rates to rise, Sterling may drop substantially.

At 13:30pm we have inflation data from the States and expectations are for a slight drop from 1.7% to 1.6%. We may see a little Dollar weakness if inflation levels are any lower than this level, just like we saw a week ago for Sterling when rates plummeted following a much lower than expected CPI level.

Canada quite possibly has the most to offer in terms of economic data on Wednesday with Retail Sales, Interest rate decision, rate statement and a press conference all out between 13:30pm and 16:15pm. Retail Sales are expected to have improved slightly which may push the Canadian Dollar back down toward the 1.80 level but do be cautious that with the rate statement and during the press conference a dip may be temporary as any negative comments could knock the Canadian Dollar straight back down again.

The Antipodean currencies then take center stage with Governor of the RBA Glenn Stevens speaking at 22:00pm and inflation data coming out for New Zealand at 22:45pm. Both of these data releases are out overnight any many regular readers will remember it was only a short period of time ago that the RBA Governor commented that he felt the AUD was overvalued which led to sharp movements for the Australian Dollar overnight. If you are looking to buy or sell AUD or NZD then it may be prudent to look at one of our various contract types including a limit order or stop loss, contact me to find out how these options work.

Sterling then takes the reigns for the rest of the week with Retail Sales figures due on Thursday morning and GDP (Gross Domestic product) data due on Friday morning. Expectations are for Retail Sales to have dropped off a little and for our growth figures also to have retracted ever so slightly which may give the pound a tough end to the week.

If you would like to make the very most of your money then it is extremely important you have a proactive broker on your side with access to great rates of exchange. Feel free to contact me direct by email djw@currencies.co.uk or calling 01494 787 478 and I will be more than happy to assist you personally.



Pound Sterling forecast – Positive week against the Euro and New Zealand Dollar – Negative against the Dollar and Australian Dollar (Daniel Wright)

The Pound has had a fairly mixed week against the majors, seeing a fresh two year high against the Euro and also gaining three cents against the New Zealand Dollar over the course of one night. On the flip side we saw exchange rates drop below 1.70 against the Dollar for the first time in a little while and also sub 1.80 against the AUD too.

Sterling data this week has not been too bad, however the Bank of England minutes still showed that members of the MPC (Monetary Policy Committee) had still voted 9-0 for no change in interest rates however this did not dent the Pound too badly. European data released on Tuesday and Wednesday led to Euro weakness and we did actually hit a 25 month high to buy Euros with the Pound during this period.

The Dollar made a fight back after a prolonged period above 1.70 mainly due to good solid economic data surrounding jobs in the States and coupled with investors and speculators alike becoming increasingly worried about on-going political relations and turmoil around the world. Gold is also seen as a safer haven and priced in Dollars so this also helps the Dollar gain strength.

The gains against the New Zealand Dollar came shortly after an expected interest rate hike over in New Zealand – Usually an interest rate hike should give strength to a currency however this rate rise was widely expected and comments from the RBNZ that they were actually unhappy with the current value of the NZD and that its strength was unjustified , unsustainable and had the potential for a significant fall led to investors dropping the currency like a stone.

Finally, governor of the RBA Glenn Stevens also commented this week and has seemingly once again decided he is not so worried about the strength of AUD which gave the Australian Dollar a lift overnight, making it more expensive to buy and at one stage pushing it back below the 1.79 mark.

If you have a curency transfer to carry out either next week or in the coming weeks and months then it would make sense to get in touch with me directly as I can help you both in terms of achieving a great rate of exchange and to ensure the transfer is smooth and efficient. Please do feel free to email me directly on djw@currencies.co.uk with a description of what you are looking to do and a contact number and I will be more than happy to call you personally.



Pound Sterling Forecast – The week ahead (Daniel Wright)

Good morning to all of our regular readers, we have a fairly busy week ahead for Sterling as we enter into March. on top of this, the current situation in the Ukraine is starting to impact on global attitude to risk which is starting to weaken currencies such as the Australian Dollar, New Zealand Dollar and South African Rand.

This morning saw mortgage approvals data out for the U.K and we had the best figures we have seen since November 2007 which has given the Pound a minor boost to start off the week. Sterling could well remain supported throughout the day as there is little else out for the U.K today however do be aware of head of the ECB (European Central Bank) Mario Draghi speaking at 14:00pm and some economic data for the States throughout the afternoons trading.

Overnight tonight we have the Australian interest rate decision and statement which could lead to a volatile evening for Australian Dollar exchange rates. The rest of Tuesday is again fairly quiet on the economic data front so unless any surprises crop up i would expect a fairly flat trading day however followers of the AUD should once again be wary that GDP (Gross Domestic Product) or growth figures are released overnight too.

Wednesday is when the week really starts to hot up, starting off with a flurry of data for Europe including growth figures and PMI at around 10:00am along with the inflation report hearings for the U.K at exactly the same time. Later on in the afternoon has the potential to be of interest for those looking buy or sell Canadian Dollars as we have the Canadian Interest rate decision at 15:00pm – Although no change in rates is expected all eyes will be on this release and the statement that comes with it. To round the afternoon off we have manufacturing data out for the States, also at 15:00pm and the Federal Reserve beige book out at 19:00pm which could lead to a little USD volatility.

Thursday we have interest rate decisions for both the U.K and Europe at 12:00 and 12:45pm respectively so watch out for any surprises cropping up during this period, more important for Sterling/Euro exchange rates on Thursday will be the speech and press conference by head of the European Central Bank at 13:30pm which can create some short, sharp buying and selling opportunities… if you are looking to buy or sell Euros this week and you would like to be made aware of an opportunity that arises then feel free to email me directly with a brief description of what you are looking to do on djw@currencies.co.uk and I will be happy to get in touch with you personally.

Friday focus turns to Switzerland, Canada and the States with a flurry of Swiss data out early in the morning, Canadian unemployment figures out early afternoon and the more often than not volatile data rel;ease of Non Farm Payrolls for the States at 13:30pm.

Non Farm payrolls and have an effect on all major currencies as not only can predictions be way out but it also affects global attitude to risk so watch out for this at the end of the week.

I personally work for a currency exchange brokerage which has won numerous awards for our rates of exchange and customer service, we are regulated by the FCA (formerly FSA) and we pride ourselves on getting better rates than not only the banks but our competition too. If you find my website of interest then feel free to email me directly with any requirements you have and i will not just price match but will make sure you get a saving if I can achieve it for you, I have helped thousands of clients save money over their current broker over the past few years and I look forward to helping you too – All you need to do is email me (Daniel Wright) on djw@currencies.co.uk and I will contact you personally.

U.K Unemployment levels creep back up a little – Sterling weakness as a result (Daniel Wright)

Daniel Wright

Daniel Wright

As mentioned earlier on in the week this morning had the potential to shift Sterling exchange rates and indeed it has.

Following a fairly solid run for unemployment rates in the U.K we finally saw a little turnaround as unemployment levels crept back to 7.2% from the level of 7.1% we had got down to last month.

With unemployment levels being one of the key parameters for any future interest rate changes and the Governor saying that he would need to see unemployment levels below 7% as part of that then the fact that the unemployment figure has taken a step back to 7.2% has dropped Sterling a little.

Sterling exchange rates are still fairly high against most major currencies which is great news for those looking to send money overseas in the near future. The key thing not to do is to get too greedy in this situation, which I see people do on a daily basis. If you are looking to take a risk on further gains in your favour the sensible approach may be to book out half of your currency requirement to eliminate some of the risk.

This evening we have the FOMC minutes over in the States which could lead to a change in global attitude to risk which could affect all major currencies, most notably the USD, AUD, NZD and ZAR depending on what was discussed at the last interest rate decision in the U.S.

If you have the requirement to buy Australian Dollars, New Zealand Dollars or South African Rand then levels become fairly tempting at present, especially with all the flooding we have seen in the U.K and the potential that this could start to weigh on February’s economic data which will be released in March.

On the flip side, especially with the Australian Dollar there are many factors that could easily lead to the Australian Dollar weakening reasonably quickly. The RBA and the Government are still of the opinion that the AUD is too strong and quite interestingly I saw a program regarding China and the fact that China has borrowed 15 Trillion Dollars over the past 5 years with their rapid levels of growth and building – This is the equivalent to the debt levels of the entire U.S banking system which suggest a slowdown or even meltdown is on the cards soon for China. With China having such a big impact on the value of the Australian Dollar this would be a big worry for me if I had Australian Dollars to sell in the near future as although rates have got worse lately they have the potential to get a lot worse than they are now.

Should you be looking to exchange any foreign currency whether you are based in the U.K or not then I can help you both in terms of getting a much better rate of exchange than the bank (or even your current broker) along with a great level of customer service.

The company I work for has won awards for our exchange rates and also our customer service so for the sake of a quick email to me explaining your upcoming requirements you may save yourself thousands of Pounds. Feel free to contact me (Daniel Wright) the creator of this site on djw@currencies.co.uk and I will be more than happy to get back to you personally.


Pound Sterling forecast – The week ahead for Sterling against most major currencies USD, EUR, AUD, NZD and CAD

Today has been fairly quiet for economic data and the Pound has remained reasonably range bound,below is what is due out for the rest of the week and how it may move exchange rates.

For those looking to buy Australian Dollars may wish to be aware that we have yet another speech from the Governor of the RBA tonight outside of U.k trading hours so do expect a little volatility for the Australian Dollar overnight should any comments be made on the strength of the Australian Dollar.

Tomorrow the day starts off with Consumer credit and Mortgage approval data for the U.K at 09:30am and then another quiet period until a flurry of data from the States at 12:30pm, 14:00pm and 19:00pm with inflation data, consumer confidence, Retail sales and the monthly budget statement all coming out that may affect the Dollar.

Wednesday brings data from Europe throughout the morning session with Unemployment and Consumer Confidence information. All eyes then are basically on the Federal Reserve as we have their interest rate decision from the U.S.A. The key factor from this is whether or not we see any tapering of their current Quantitative Easing program.

This information may affect all major currencies as it could have an effect on global attitude to risk, no major changes are imminent as far as we are aware but do be aware that surprises can pop up and also investors will be hanging off of every comment surrounding this information.

Later on that night we also have the interest rate decision from New Zealand with rates expected to remain on hold. Any surprise or comments following future exchange rates could lead to vast movements for the NZD overnight.

The U.K also release a rare overnight piece of Economic data with U.K Consumer confidence figures coming out just after midnight. If you have a transaction to carry out involving either buying or indeed selling the Pound then it may be prudent to look at placing either a limit order or stop loss to protect yourself from adverse market movements or to take advantage of a spike in your favour late on Wednesday night. If you would like more  information on these handy and free market tools then feel free to get in touch on djw@currencies.co.uk and I will be happy to explain them to you.

The early bird on Thursday morning is European Consumer Confidence figures followed up by a little more unemployment data however, the largest release of the day is for Canada and involves Canadian GDP figures (Gross Domestic Product).

With Canada edging ever closer to negative territory in terms of growth figures any worse than the 0.2% growth predicted could push the GBP/CAD exchange rate straight through 1.70.

It is as if Mark Carney has done an Alex Ferguson and jumped from a ship with a few holes in it before he starts to take the shine off of a glittering career.

Friday is once again quiet with just some manufacturing data for China which could move the Australian Dollar and later in the afternoon manufacturing data for the States.

If you have a pending currency transaction to carry out involving buying or selling Sterling and you want to get the very best rate of exchange along with unbeatable customer service then feel free to contact me (Daniel Wright) the creator of this site directly  by emailing me directly on djw@currencies.co.uk with a brief description of your requirements and I will get in touch.


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