Category Archives: USD
The Pound has had a really good morning against all major currencies this morning following much better than expected unemployment figures for the U.K and also news that after six long years wage growth has now overtaken inflation.
Both of these factors have led to a spike in the market for Sterling which is great news for anyone looking to buy foreign currency in the near future.
If you are in the process of buying a property overseas then your dream home abroad has indeed just become a little cheaper for you!
We have some European inflation data out shortly and then this afternoon we have the Canadian interest rate decision and statement so keep a keen eye on exchange rates between 3-4pm this afternoon.
Personally I think the Pound has the potential now to kick on once again as long as we see this positive trend continue in terms of economic data.
If you are looking to buy or sell foreign currency in the near future then it is well worth getting in touch with me directly. Not only can I help you achieve better exchange rates than your bank or current broker but I can also help you with the timing of your transaction with years of knowledge of the currency markets. Feel free to email me directly on firstname.lastname@example.org with a description of what your requirements are and a contact number and I will be more than happy to assist you personally.
It’s been a quiet day for the Pound on the currency markets, with little movement against both the EUR and USD. GBP/EUR rates continue to float around 1.21 on the exchange and the markets seem to be waiting for guidance before making their next decisive move. With concerns over France’s economic health and the very real threat of deflation hanging over the region, you can make a very good case that Sterling is more likely to find further market support from its current position than the EUR.
However, there is a is a case to be argued that the EUR, when considering its recent history against GBP, has far more scope for improvement than the Pound. If the negative issues raised earlier in this post can be resolved then you do feel the EUR could go on a run and break back through 1.20 for a sustained period.
Personally I feel GBP will continue to be well supported in the market, in line with the improvements we are seeing in the UK economy. Any move towards 1.25 against the EUR is likely to find market resistance but it will be difficult for the EUR to make a decisive move under 1.20, based on the current market conditions.
We have seen a positive spike during Tuesdays trading against both the AUD and NZD, following loses against both currencies last week. With China’s economy starting to show signs of improvement and their demand for Australia’s raw materials once again starting to increase, we may find the AUD can gather market support over the coming weeks and help to control Sterling’s recent gains.
If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me directly at email@example.com.
Do you need to exchange foreign currency? Whether you plan to use your bank or already have a currency broker in place we can more than likely save you a great deal of money! (Daniel Wright)
I have now had thousands of new clients contact me through this site in the 4 years I have been running it and have found that I have been able to save the vast majority a great deal of money on their foreign exchange needs.
Some were planning to just send money through their banks and others have used a broker a few times already if not for years…. I would say 99% of people that have got in touch have got a better rate through me than the other options they have available.
For the sake of taking two minutes to email me directly you may potentially save yourself thousands of Pounds so if you feel that our award winning exchange rates and level of customer service may be of use then feel free to contact me (Daniel Wright) on firstname.lastname@example.org
Benefits of you getting in touch and dealing with me are:
- I will be your personal account manager, so you have one point of contact for all transfers
- We have been trading for over 14 years and are one of the UK’s leading specialist foreign exchange companies with over 45,000 satisfied clients
- We are registered with the FCA and Authorised as a Payments Institution
- We have achieved Best Currency Deals, Best Currency Provider and Best Exchange Rates 3 years running by the Sunday Times as well as more recently by The Telegraph. I am confident I will get you the best rate.
- We have been recently voted as a finalist in the Orange ‘National Business Awards’ for customer service
- We are purely an execution only service and we do not speculate with your funds, or company funds
If you feel that you are not getting the very best rate of exchange that you can through your bank or current broker or feel that there is room for improvement on the service side of things then it may be prudent to get in touch.
Once again all you need to do is email me (Daniel Wright) on email@example.com with a contact number and a brief description of what you are looking to do and I will be more than happy to contact you personally.
Next week we have a fairly busy start with key inflation data on Tuesday morning for the U.K followed by unemployment figures on Wednesday, keep checking back here for further information on how this affects the strength of the Pound.
Good afternoon Readers! The pound is at some truly excellent levels currently, levels that should not be easily dismissed in the hope of much better rates. If you need to buy or sell currency there are a few pointers to note that will make your life easier and your wallet heavier!
Accept that you will not get the ‘top’ or the ‘bottom’ of the market. All too often I am managing one of my client’s currency exposure and they base all their calculations on a recent high. So for example selling Euros to buy pounds at 1.19 or buying Euros with pounds at 1.22. If you do this you are likely to be disappointed. Speak to me about what is a more realistic rate to achieve by calling 01494 787 478 or why not email me firstname.lastname@example.org
Do your research! There can be major difference between the exchange rates offered by banks and currency brokers like us. But there can also be major differences between the rates offered by different brokers. Here at poundsterlingforecast.com we seek to undercut other brokers and on large volumes the differences can be significant.
GBPEUR is currently 1,2131, GBPUSD is 1.6751, GBPAUD is 1.7921 and GBPCAD is 1.8261
Getting the best exchange rate on a large volume currency transfer (£10,000 +) makes a big difference to the amount you receive. If you are transferring a sum of this size and want to learn the current forecast please contact me on email@example.com for the very best rates and latest news on what will move your rate!
Sterling has had a strong day against a host of currencies following a strong showing this morning for UK industrial and manufacturing figures. Both were much stronger than forecast setting the tone for the day with the pound rallying to a high of 1.2145 against the Euro and 1.6755 against the US dollar. Sterling was also to find some support following this afternoons NIESR (National Institute for Economic and Social Research) latest GDP estimate which has pushed its latest estimate from 0.8% to 0.9% This bodes well for official GDP data scheduled for release later this month.
Looking ahead to the rest of the week and tomorrows FOMC minutes will be the next main area to focus on. This will give insight as to future monetary policy and what the FED may have in store relating to future tapering of QE and interest rates. This can have a big impact on risk appetite and can prove to be a volatile time during and after its release. These will be made publicly available at 19:00 tomorrow.
Looking ahead to Thursday and the ECB monthly report will be the focus as this contains a detailed analysis of the prevailing economic situation and the risks to price stability. It also provides articles on a wide range of topics related to the tasks of the ECB and hence clues can be given as to future policy. With the current deflationary pressures in Europe this will be of particular interest, any clues as to whether they may consider an interest rate cut and this could see further pressure on the Euro.
Following the ECB monthly report at 09:00 will be the Bank of England interest rate decision at 12:00. Rates are expected to remain on hold at 0.5% and I would expect little impact on the pound as a result.
For me the pound is currently representing some good value trading at a one month high against the Euro and a near four year high against the greenback. To take advantage and find out more about the currency service we provide then please contact the office on 01494 787478 or email Mike at firstname.lastname@example.org
Following a very quiet week for Sterling exchange rates I expect to see more movement on the currency markets over the next few days. In just over an hour the UK releases both Industrial and Manufacturing data for February. These are both big releases so if the data is negative for Sterling we could see a fall this morning. With such bad weather earlier this year the figures could have been negatively affected.
Later this afternoon the NIESR latest estimate for UK GDP comes out. This is not the official figure but more often than not the data is very accurate and this will focus on the previous 3 months.
After today’s data the next one to look out for will be the Bank of England’s interest rate decision due out on Thursday at 12pm. I think it will be unlikely that any change to rates or further QE will be mentioned but if Mark Carney decides to make any announcement about Forward Guidance this could influence Sterling exchange rates in the short term.
A big problem for the Eurozone is the worrying low level of inflation currently sitting at 0.5%. Mario Draghi recently stated that the ECB will be ready to act if required so although a cut in interest rates is unlikely I think we could see a possibility of further QE at next month’s meeting. If this occurs we could see Euro weakness in early May. However, on Thursday morning the ECB Monthly Report comes out and this could gives us clues as to whether the ECB may do something in May’s interest rate meeting.
Over in the US the FOMC minutes are published at 7pm tomorrow night. With GBPUSD rates trading just above 1.66 this morning there is a feeling that the Dollar could weaken against Sterling if things don’t go well.
If you have a currency transfer to make and want to save money on exchange rates then contact me directly Tom Holian email@example.com
Slow start to the week for Sterling exchange rates – Data to watch out for tomorrow that may affect the Pound (Daniel Wright)
The Pound has had a fairly flat start to the week against most major currencies seeing little movement so far in trading today.
Tomorrow however has the potential to do quite the opposite as we have both industrial and manufacturing data out for the U.K at 09:30am followed by the GDP (Gross Domestic Product) estimates from the NIESR (National Institute of Economic and Social Research). GDP figures basically show how much an economy grew or shrank over a specific period and this estimate in particular will be for the first quarter of 2014 so really is key. The NIESR are usually pretty close with their predictions therefore this data release can have an impact on the value of the Pound once released. It is due at 15:00pm so keep a keen eye on the markets around this time tomorrow afternoon.
Economic data is fairly sparse from other economies around the world tomorrow so if the U.K releases are much different than expectations it could lead to a fairly volatile day for Sterling.
For those with an interest in Dollars or anything that is pegged to the Dollar then Wednesday night may well be key for you, we have the FOMC minutes from the last U.S interest rate decision which will show us exactly what was discussed regarding tapering of QE (Quantitative Easing) and interest rate movements in the future.
If you have the need to buy or sell any foreign currency and you want to maximise your rates of exchange then it is well worth getting in contact with me directly, the company I work for has both won awards for our rates of exchange and also our great levels of customer service.
Feel free to email me (Daniel Wright) directly on firstname.lastname@example.org with a brief description of your requirements and a contact number and I will be more than happy to contact you personally.