Sterling has made gains against the Australian Dollar and Kiwi Dollar this morning following some less favourable news from down under. Interest rates in NZ were expected to go up 0.25% this month but that now looks less likely which has weakened the NZ Dollar. In Australia consumer price index (inflation) can out below expectations. This reduces the chance of an interest rate hike (rise) and there fore has weakened the Aussie Dollar.
Against the US Dollar and Euro sterling has lost a small amount but is holding relatively firm at present despite Mervyn King (BoE Governor) speaking to the Treasury select committee at the moment. King has tended to have had a negative effect on the pound in the last 18 months as he has been quite negative when discussing the outlook for the UK and sterling.
The pound sterling forecast website has been running for just over a quarter of a year now and we have built up a big following in that time. I have also spoken with many people who have been following the site and subsequently saved them money on their currency transactions. I would imagine that most people reading out posts and forecasts will be carrying out a currency exchange, or at least considering one. If this is the case, then to find out how you can make a substantial saving on your transfer, do fill in the enquiry form on the right of the page. One of the PSF currency dealers will be in touch to explain more about the service, it may even be me!
