Category Archives: Sterling strength
Sterling exchange rates have remained reasonably steady in trading today as we await a number of key economic data releases towards the end of this week.
The one big mover was once again against the Australian Dollar where once again we saw comments overnight from the RBA (Reserve bank of Australia) that the strong Australian Dollar was still a problem for the Australian economy opening the door for some type of weakening in the coming months. markets do move on speculation as well as fact and this led to the GBP-AUD rate going over 1.80 for the first time in two and a half years.
Tomorrow we have the interest rate decisions from both the U.K and Eurozone and although no major rate movements are expected, any comments from the BOE (Bank of England) or ECB ( European Central bank will be jumped on immediately which may lead to a volatile Sterling Euro rate in trading tomorrow.
The main market mover will be the press conference at 13:30pm from the European Central bank assuming no surprises crop up in the earlier rate decisions.
Investors hang off of every word that comes out of Head of the European Central Bank’s mouth so if you have a pending currency transfer to carry out involving wither buying or selling the Euro it may be prudent to keep a very close eye on exchange rates at that point.
If you are looking to exchange foreign currency in the near future involving either buying or selling the Pound against any major currency then it is well worth getting in touch with me directly. Not only can I keep you up to date with the very latest market movements but when it comes to buying your currency I can also help you get the very best rate of exchange.
You can email me (Daniel Wright) directly on firstname.lastname@example.org and I will be more than happy to get in touch personally.
GBPZAR 5 year high, GBPAUD and GBPCAD 4 year highs, GBPUSD at 2 1/2 year high and GBPEUR over 1.20…
Sterling is at truly exceptional levels against most currencies as the UK’s recovery rakes hold and the UK sets itself apart from other leading economies by appearing to be likely to be one of the first leading economies to be raising interest rates. Whilst the United States are debating when to stop QE, the UK have not done any QE for the last year. The ECB are looking at possibly negative interest rates and the Bank of Canada is no longer looking to tighten policy. Overnight we learnt that GDP in Australia was weaker than expected, again a sign of another leading economy weakening whilst the UK has been performing well.
With the often crazy Christmas period fast approaching and changes in banking days there is a lot to be said for wrapping up a transfer like a present. The recent spike on exchanges rates has been a great gift to you and now could be an excellent time to either buy your currency or lock into a forward contract to minimise any losses. You can then remove the stress of the transfer and focus on the more important things at this time of year!
If you have a pending transfer we offer a specialist service to assist you in securing the most from the market. For more information at no cost or obligation please do feel free to get in touch. I am a specialist currency broker and my job is to assist private clients and businesses in managing their exposure to the currency markets, ensuring payments are made quickly and safely at the very best rates.
Please feel free to contact me Jonathan on email@example.com or call +44 1494 787 478 and ask to speak to me.
Euro zone GDP could halt the pounds run tomorrow. How to get the best deal on your foreign exchange (Mike Vaughan)
Following this morning’s news that UK construction picked up speed in November with output rising at the fastest pace in more than six years the pound rallied past 1.21 against the Euro, pushed through 1.64 against the US dollar and 1.80 against the Australian Dollar. The pound is currently seeing a strong run against a host of currencies, an early Christmas present for some?
Those in particular should be keeping an eye on Euro Zone GDP date scheduled for release at 10:00 along with Euro Zone retail sales figures. Both are expected to show a slight increase which could lend support to the Euro. Following this the major data set for the week will come on Thursday with the release of the Bank of England and European Central Banks interest rate decision at 12:00 and 12:45. I would expect both central banks to keep interest rates on hold which is likely to have little effect on GBP/EUR but the accompanying statement from Mario Draghi at 13:30 is likely to be the key to exchange rate movements for this pair.
Looking at other majors such as cable (GBP/USD) and the Australian Dollar – both are representing strong buy opportunities with cable at a two year high and the pound sitting just shy of a four year high against Aussie. However watch out for Australian GDP figures overnight (forecast to jump from 0.6% to 0.8%) and US employment change at 12:15. Employment data is likely to dominate the US dollar this week with non-farm payroll figures scheduled for release on Friday. With the FED highlighting this as a key area to show consistent improvement before they consider tapering QE – those looking at the USD should pay close attention to these employment figures.
As a specialist foreign exchange broker we have a number of contracts available to help clients maximise your foreign exchange. Should you have an upcoming transaction to arrange and you would like help and assistance with the timing of your transfer then please get in contact. We are here to help and pride ourselves not just on our attractive commercial rates, but also the hands on approach to helping our clients, this can include the use of rate alerts and LIMIT orders. To discuss the service in more detail contact the office on 01494 787478 or email Mike at firstname.lastname@example.org
The Pound is currently at multiple year highs against the Canadian Dollar and Australian Dollar, U.S Dollar and Thai Baht. It is also at multiple month highs against the Euro, New Zealand Dollar and Swiss Franc.
This has presented a great buying opportunity for anyone looking to buy foreign currency with the Pound in the near future.
If you would like to take advantage of these current levels then please feel free to email me on email@example.com I deal with dozens of clients that have previously used their bank or another brokerage and simply can get better rates than others along with providing an exceedingly high standard of customer service – We have won awards for both!
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.
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, with Christmas fast approaching sometimes it is best to get your pending transfers out of the way so that you can concentrate on everything else in the build-up to the festive season.
As the title suggests Sterling has had its best month for a long time across the board against all major currencies. The speech from the Governor of the Bank of England Mark Carney yesterday highlighted that the housing market is well on its way to recovery and that any further rises in UK house prices could cause a risk to the UK economy.
The Funding for Lending Scheme which was aimed at helping first time buyers to get on to the property ladder has been shifted to lend money to small businesses. Carney has spoken of the need to support small businesses and Chancellor George Osborne has claimed that ‘Small businesses in the UK are the life blood of the economy.’
The problem the UK faces however is that if the economy continues to grow quicker than the Eurozone we could see a drag effect that will potentially weigh on Sterling longer term but for the short term at least we are seeing the Pound at highs for the following.
GBPEUR 10 MONTH HIGH
GBPUSD 2 YEAH HIGH
GBPAUD 3 YEAR HIGH
GBPCAD 4 YEAR HIGH
GBPNZD 18 MONTH HIGH
With such excellent buying opportunities it seems hard to resist buying your currency over the next few days if you need to send funds overseas. if you would like a free quote email me directly Tom Holian firstname.lastname@example.org
Sterling is remaining strong against the US Dollar and the next target level is 1.64 which it has been getting very close to during the last few trading sessions.
The problem for the Dollar is that with the recent government shutdown this has meant tapering has been pushed back and with another shutdown possibly early 2014 this could lead to further uncertainty for when the Fed might taper its current US$85bn per month. This is another reason why we’re seeing Dollar weakness and Sterling being used as a safe haven.
Coupled with an interest rate cut by the Eurozone earlier this month and another one suggested in order to combat inflation on the continent as I’ve already mentioned Sterling is being used a safe haven by global investors therefore keeping the Pound strong.
Feel free to contact me for a free quote Tom Holian email@example.com
Sterling exchange rates have continued their rally today with the Pound gaining against all major currencies.
In a completely different and indeed refreshing alteration to previous Governor of the Bank of England Sir Mervyn King, the new Governor of the BoE Mark Carney spoke this morning and once again the Pound actually rose following his comments. Those who have followed Sterling over the past few years will be well aware that King had a knack of causing Sterling weakness whenever he spoke however things appear to have now changed and Bank of England press conferences with Carney speaking do seem to result in Sterling strength.
If you are looking to transfer Sterling into a foreign currency in the near future then current rates of exchange do look exceedingly tempting.
Tonight we have Consumer Confidence figures for the U.K at 00:01 and tomorrow morning some house price and mortgage approval data for the U.K which could lead to either further Sterling strength or the Pound creeping back a little.
We also have European data out in the morning inclusive of German Retail sales and inflation data for the rest of Europe.
For those looking to buy or sell Canadian Dollars we also have GDP (Gross Domestic Product) figures for Canada at 13:30pm U.K time.
If you have a pending currency transfer to carry out and you wish to get not only award winning exchange rates but an award winning level of customer service then please do feel free to contact me (Daniel Wright) by email on firstname.lastname@example.org with a brief description of your requirements and a telephone number and I will be more than happy to get in touch with you personally.
Happy thanksgiving to everyone over in America!
Sterling exchange rates hit multi-year highs against some major currencies (Canadian Dollar, Australian Dollar) and multi-month highs against the Dollar and Euro – Excellent rates of exchange available for those looking to buy foreign currency at the best rate (Daniel Wright)
Sterling exchange rates have remained fairly positive over the past few weeks, which is great news for those looking to purchase foreign currency in the run up to Christmas.
The Pound is at multi year highs against the Australian and Canadian Dollar, it is battling to hit 1.20 and stay above it against the Euro and it is comfortably above 1.60 against the U.S Dollar.
GDP figures released this morning were as expected slightly revising the U.K growth figures for quarter three up to 0.8% yet the Pound has continued its charge and is up against a basket of major currencies.
Economic data for the U.K of late has been very good and this has led to the Pound following suit.
If you have followed exchange rates over the past few years then you will be well aware that a good looking Sterling exchange rate does not generally tend to stick around for too long and in my experience it is always the clients who get a little too greedy that miss out.
If you have a large chunk to do and are still thinking of holding on then there is a sensible option of potentially booking out half of you requirement now and leaving the rest until a later date of your choice thus elimination the full risk and meaning that if the rate keeps going up then you can still take advantage of it with some of your money yet if it shoots back down it is not such a big hit to take.
Are you looking to buy or sell foreign currency in the coming days weeks or months? I work for an award winning currency brokerage that deals with bank to bank transfers ranging from £5000 to multi million Pound transactions for both private and corporate clients.
We specialise in helping people with overseas property purchases and sales or businesses that need to settle invoices or that receive funds in foreign currency.
We are proactive and can act as your eyes and ears on the market along with getting you a much better rate than you can achieve through the bank.
Feel free to email me (Daniel Wright) directly on email@example.com with a brief description of what you are looking to do along with a contact number and I will be more than happy to contact you personally to discuss the options available to you.
The current outlook for the pound is now very much positive with the pound posting some important gains against many different currencies. Of note is GBPCAD, GBPNZD, GBPAUD which are all posting very strong rates well above the the recent averages. With such strong moves in a short period of time it is highly likely there will be lots of profit taking which will pull things back down, this could be a very good opportunity for anyone buying sterling to enter the market.
Positive GDP this morning has cemented sterling’s position against most currencies and with central banks globally threatening looser policy, it is only really the Bank of England which appears to be on a track to tightening policy. This of course could be years away but with other banks looking at more accommodative measures the pound is standing out and it is likely will strengthen further.
The ECB are looking at possible negative deposit rates, the RBA is actively seeking a much weaker currency and the Fed is largely committed to continuing the QE programme until the economic conditions improve of which we have seen not much hope so far.
If you are buying or selling the pound an awareness of the latest trends and themes is key to securing the best rates. For more information on what is driving your rate and assistance with the very best rates of exchange please contact the author directly on firstname.lastname@example.org