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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.

 

Sterling exchange rates start the year on a high then drops a little in trading today

Sterling started off the year on the front foot against most major currencies rising sharply against the Dollar, Australian Dollar, South African Rand, New Zealand Dollar, Canadian Dollar, Euro and most majors.

The pound however has finished off the trading day today down again due to a mix of poor data for the U.K and positive data for the U.S which led to investors dropping the previously popular Pound and running back to the Dollar.

Personally I still feel this may be a good solid year for the U.k and indeed the Pound however you do need to be wary that the recent flurry of terrible weather could well knock the economy back a step or two.

Throughout January we will see economic data released for December of 2013 and should the weather have hit too hard then we may see a tiny drop in value for Sterling.

Overall I fee our recovery however is going strong and unless Governor of the Bank of England steps in to slow down a fast paced housing market then talk of possible interest rate hikes approaching the end of the year could gather a lot of pace, especially if unemployment levels drop to the golden 7% level.

An interest rate hike is generally seen as positive for the currency concerned and a cut negative and with the market moving on speculation as well as fact news on interest rate hikes will be of high importance throughout 2014.

If you have a currency transfer to carry out either soon or at any point throughout 2014 and you find our information of great use then it may be prudent to get in touch with me directly and I will be more than happy to assist you every step of the way. I pride myself on keeping clients fully up to date with market movements and the company I work for is both FCA regulated and authorised as a payments institute, we have also won best exchange rate awards in both the Sunday Times and Daily Telegraph.

To make an enquiry all you need to do is email me directly on djw@currencies.co.uk with a brief description of what you are looking to do and a contact number and I will be more than happy to get in touch personally.

Happy new year to you all and I hope everyone has a fantastic 2014!

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.

 

Pound Sterling Forecast – The week ahead for Sterling against the Euro, Dollar, Australian Dollar, New Zealand Dollar and Canadian Dollar

We have an exceedingly busy week ahead in terms of economic data this week, partly due to the fact that a lot of the data from the states that had not been released thanks to the shutdown is all now due to be coming out.

With Sterling remaining fairly range bound against most majors last week, I will take a look at what is due out and how it may have an effect on the cost of any upcoming currency transfers you may have.

If you are looking to send money overseas this week then feel free to email me directly on djw@currencies.co.uk The company I work for has won awards for exchange rates and customer service and for taking the time to get in touch it may sound you £1000s.

Tuesday

Tuesday we see the release of Public Sector Net Borrowing figures for the U.K at 09:30am to start the day off. This release will show the amount of new debt held by the U.K Government.

This release can give the Pound a boost if the figure is showing to get better and may do quite the opposite if debt is getting bigger. Expectation is for the figure to be a little better than last month which could start the Pound off on the right foot tomorrow.

At 13:30pm we have the first of the flood of data from the States this week with Non-Farm payroll data and the unemployment rate. Those of you who are regular readers will be aware that this data can indeed impact all major currencies as it will have an effect on global attitude to risk, so currencies such as the Australian Dollar and New Zealand Dollar may also have a jumpy period shortly after this release.

At the same time Canada steps forward and releases Retail Sales data so anyone with an interest in buying or selling Canadian Dollars may wish to keep a keen eye on exchange rates early Tuesday afternoon.

If you are also watching the Australian Dollar closely then you may wish to be aware that there is a little inflation data out overnight which could change the value of the AUD leading into Wednesday.

Wednesday

It’s the U.K to start off the show once again on Wednesday morning with the Bank of England taking the reins first thing on Wednesday morning at 09:30am along with mortgage approvals data.

The Bank of England minutes are due to come out which will give us a better insight as to what was discussed at their last interest rate decision and how the members voted regarding interest rate cuts and Quantitative Easing. This release can throw up a few surprises however nothing huge is expected from it this time around.

Mortgage approval data is due out at the same time and with the help to buy scheme being bought forward and the property market seemingly getting better and better I would not be surprised to see a positive release here and possible strength for the Pound.

Throughout the afternoon on Wednesday we have more data for the States and the Interest rate decision over in Canada. No change in rates is expected here but be aware that we may have comments made on future fiscal policies which could lead to a volatile afternoon for the CAD.

At 15:00pm We also have Consumer Confidence figures out for Europe with a slight improvement expected, this could give the Euro a good end to the day.

If you are waiting on news for the New Zealand Dollar then Trade Balance figures in New Zealand are out on Wednesday night so be prepared for some market movement overnight for this currency.

We also have the Governor of the RBA over in Australia speaking at 04:00am so the AUD may have shifted quite a bit by the time you sit down to eat your cornflakes if any hint on future interest rates is given.

Thursday

Thursday is a little quieter for market data with some manufacturing data out for Europe early in the morning, manufacturing data out for the States in the afternoon and a little more employment data and new home sales also for the U.S. I would expect Thursday to be a little quieter than the previous two days unless any surprises pop up, however do be aware the Governor of the Bank of England Mark Carney is speaking at 17:45pm so investors will be following his every word and no doubt so will the strength of the Pound.

Friday

Friday the most important release is U.K GDP (Gross Domestic Product) figures. This will show how much the U.K economy grew or shrank in the third quarter of 2013 and expectations are fairly strong.

Personally after looking through our data over the past few months I feel this will come out fairly positive and could give the Pound a good end to what may be a strong week.

If you are looking to transfer funds in the coming weeks and you want to get the very best rate of exchange for your currency transfer then why not get in contact with me and I can help you personally. As mentioned earlier in the post our rates have won awards in both the Sunday Times and Daily Telegraph and we have also won a National Business award for our customer service.

Even if you are happy with your currency provider be it a bank or currency broker I am confident we could do better. Feel free to get in contact with me directly by email on djw@currencies.co.uk with a brief explanation of your requirements and a contact number and I will be more than happy to get in touch.

 

Pound exchange rates remain flat as the world waits for the U.S to act – Expect market volatility in the coming few days! (Daniel Wright)

Sterling exchange rates have remained fairly flat in trading so far this week however I would expect that the next few days may lead to a fairly volatile market for all major currencies as the world’s traders try to second guess what is due to come out from America.

Personally my feeling is that is there is no agreement made and the U.S technically enter a default then the perceived ‘riskier’ currencies may well weaken away (for example the Australian Dollar, New Zealand Dollar and South African Rand) this should make them cheaper to buy with the Pound.

You would imagine that this would also strengthen the  so called safer haven currencies such as the Swiss Franc and…. USD??!! That is the big sticking point, where will the Dollar head in the next 48 hours? As shown there are two ways of looking at it so the only way you can be sure about not losing out on exchange rate movements is to do at least half of any pending transaction you may have in advance of any further news from the States.

Regarding Sterling Euro it is very tough to see what will come from this but personally I feel economic data (unemployment figures tomorrow and Retail Sales on Thursday) for the U.K will more than likely set the trend for this pairing this week.

Booking out half of your currency when you know you have a pending transfer and then leaving the other half to see what the market brings can be a much better tactic than either booking out the full amount straight away or leaving the currency exchange until the last minute as this can really catch you out by £1000s.

Here we have lots of different tools that can help you with any currency needs you may have be it either for business transactions, property transactions or any other reason.

Being specialists in this market we can not only help you with the timing of your transfer but can also achieve you award winning rates of exchange along with an extremely efficient service to boot.

If you have an upcoming currency transaction to carry out and would like either a quote against your current provider or merely just a chat to see how we may be able to help you then feel free to email me directly on djw@currencies.co.uk with a brief description of your needs and a contact number to call you on and i will be more than happy to get in touch personally – No transfer is too big or too small we treat every client the same.

Breaking news – We have a Governor of the Bank of England that actually talks the Pound up!!! Sterling strength against all major currencies!!! Euro, Dollar, Australian Dollar, new Zealand Dollar, Canadian Dollar, South African Rand, Swiss Franc and more all at great buying levels!

Sterling has shot up today after an initial drop at the start of the Bank of England inflation report and press conference, which is great news for anyone looking to buy foreign currency with the Pound in the near future.

Those that have followed the markets with me over the past few years will be aware that in the past any meeting or press conference involving Governor of the Bank of England usually would spell danger for the Pound, as Sir Mervyn King was never the most positive about the U.K economy.

Speculation was rife as to what would come from this morning and I think most thought we would be looking at seeing the Pound drop away and it did drop quite a bit at the start of the press conference.

As the conference went on the mood started to change and Sterling started flying, as the conference ended we saw Sterling really shoot in the right direction and the Pound has now spiked against all major currencies today so far.

This is a great buying opportunity for anyone that has been sitting tight so if you do wish to carry out a currency transfer involving buying foreign currency with the Pound then feel free to get in touch with me straight away.

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 two years in advance with just a small deposit, removing the risk of the currency market making your purchase any more expensive in the future.

If you have the need to buy foreign currency with the Pound and want to not only take advantage of the spike but to also get award winning exchange rates or even just to compare against your current provider then feel free to email me directly. djw@currencies.co.uk

Pound sterling update and forecast against most major currencies – The Pound against against the Australian and New Zealand Dollar yet loses ground against the Euro and U.S Dollar last week (Daniel Wright)

Well the Pound certainly had what can only be described as a choppy week on the currency markets, gaining ground against some majors and continuing to drop against others.

The Australian and New Zealand Dollar had poor a poor week across the board and one thing to be a little wary of which you may not think would effect the strength of the New Zealand Dollar is the milk scare that has arisen. Already countries are starting to ban milk from New Zealand and with milk being quite a large export for New Zealand this may cause the New Zealand Dollar to drop in value.

Regarding the Australian Dollar I feel that the prospect of further interest rate cuts in Australia will weigh heavily on the Australian Dollar and that we may even see the AUD break through the 1.75 barrier this week.

Against the Euro, Sterling has seen a sustained period of loss, this is really starting to hit those looking to buy properties in Spain or France right where it hurts and I have many clients at the moment asking me if I feel that the rates will improve in the near future. It just seems at the moment that sterling is 3rd on the podium with the Dollar and Euro taking gold and silver medals. Personally I do feel that the Pound will start to bounce back againt the Euro as economic data is steady in the U.K and Europe still has many problems as we are all aware.

I still feel Sterling/Euro should be over and above 1.20 and although I don’t feel we will see that soon I still think that the Pound will claw a little back in the short term.

The Pound against the Dollar is the one to be wary of if you need to buy Dollars or any currency pegged to the Dollar. With the AUD and NZD coming out of favour the Dollar will more than likely be the currency of choice to shift into. Personally I think we may see the GBP/USD rate creep below the 1.50 barrier in the near future mainly due to investors attitude to risk.

If you have an upcoming currency requirement involving buying or selling the Pound, whether you are based in the U.K or not I can help you personally.

Our company has won awards in national newspapers for our exchange rates against all major brokers and also a National Business award for customer service so even if you are fairly happy with your current provider it is always sensible to shop around and speak with me. Feel free to contact me directly by emailing djw@currencies.co.uk with a brief description or what you need to do and a contact number and I will be happy to personally get in touch.

 

Pound Sterling Forecast – The week ahead (Daniel Wright)

The Pound has had a fairly good start to the week against the majority of major currencies, slipping a little against the Dollar and Yen but gaining well against the Antipodean currencies, most notably against the Rand gaining almost 2%.

The rest of the week is also fairly busy, overnight we have the RBA (Reserve Bank of Australia) meeting minutes which may give the nod to any future interest rate cuts over there. The AUD has weakened today following weaker than expected growth figures from China.

Tomorrow morning we see key inflation releases for both the U.K and Eurozone – No major changes are expected for the U.K however anything different to market expectations could lead to a volatile morning for the Pound.

In the afternoon head of the European Central Bank Mario Draghi speaks at 2pm so for those of you with the need to buy or sell Euros in the near future you need to be extremely wary of any mention of fiscal approach surrounding Cyprus or any of the other economies in the Eurozone finding life difficult at present.

Wednesday morning is of key importance for anyone looking to buy or sell Pounds in the near future as we have the Bank of England minutes from the last U.K interest rate decision and the unemployment levels, the minutes will show us how the members of the Monetary Policy Committee voted in favour of matters such as further QE (Quantitative Easing) and Interest rates. Any indication that the stance on policy may change in the near future may lead to a highly volatile morning for the Pound so if you have a pending transaction to make involving either buying or selling Sterling then it may be worthwhile letting me know so i can be the eyes and ears on the market for you. You can email me directly djw@currencies.co.uk if you feel I may be able to help.

Thursday we have Retail Sales figures for the U.K which could be a key indicator as to whether or not the U.K has dipped back into a recession so be very wary of a figure worse than expected as it could lead to Sterling weakness.

Personally I think that as long as the Bank of England do not come out with any surprises the pound could have a good week this week but of course anything can happen in this strange market that we have today.

If you have a pending transaction to make involving buying or selling Sterling against any other major currency then it is key that you make me aware, I can then inform you of any opportunities that arise in a market that literally moves every two seconds.

Feel free to reply to email me directly on djw@currencies.co.uk

I have thousands of satisfied clients that I have personally dealt with and quite simply I am here to save you money over your bank or current choice of broker along with helping you get a smooth and efficient service.

 

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