We just saved a client £744.74 over using their current broker – All they...
Anyone reading this site who is fairly savvy on transferring money abroad may think that we are just ‘another currency broker’ and that they are all the same.
Well at 10.30 today one of our traders had a new client contact him through the site buying €210,000 on a forward contract. He was already dealing with another company and wanted to check if he was getting the best deal. Lucky he did! One e-mail and 35 minutes later, he was £744.74 better off!
Even if you have...
Great news!! www.poundsterlingforecast.com is the 4th best financial site in the country, just behind...
Thank you to all of our regular readers, our up to date and insightful market information has moved us up to being the 4th best financial blog in the country!!
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Sterling has another positive day against most majors (Daniel Wright) Why did inflation data...
The Pound has had a fairly good day on the market once again with a further small improvement against the Euro pushing the GBP/EUR exchange rate extremely close to a two year high which makes it an extremely tempting time to secure Euros for the purchase of property overseas or indeed for any business requirements.
I have had many clients this week decide to lock into their exchange rate on a forward contract to make sure they do not miss out on this current spike...
GBP/EUR, GBP/AUD sliding, only GBP/USD likely to rise (Joshua Privett)
After a dramatic week for the Pound and the intervention of a sitting US President, GBP/EUR and GBP/AUD are starting to move back down after the near two month highs reached yesterday.
This is likely due to poor UK growth figures for the first quarter of this year, which has caused the dominant story of the positive effects of Obama's visit on the Remain campaign to fade into the background.
The only reason GBP/USD is on the rise is due to poor US housing data.
With popularity...
Will last week’s High Court decision be a turning point of the Pound? (Joseph...
Last week was the best week the Pound has had vs the US Dollar since October of 2009, as worries over the proposed 'Hard Brexit' eased.
Fears eased as England's High Court ruled last Thursday that the Government needs parliamentary approval before starting the Brexit process, and the Pound has boosted across the board off the back this news after having a particularly difficult October.
The Pound had been generally declining against all major currency pairs since UK Prime Minister, Theresa May announced plans to invoke...
UK Unemployment Falls leading to Sterling Strength (Tom Holian)
GBPEUR exchange rates have fallen from levels of 1.28 in the last fortnight into the 1.25 region following a period of weak data for the UK economy and also Sterling.
Yesterday's UK inflation data was alarmingly low compared to the expectation which means the Bank of England is less likely to raise interest rates any time soon. An interest rate rise would typically strengthen the Pound and this data has caused Sterling to weaken.
However, all is not lost as this morning UK unemployment has shown a...
RBS and Natwest to close foreign currency accounts – Will this affect you? We...
We have heard recently from a number of existing clients that RBS and Natwest are to close all foreign currency accounts in the very near future.
If this is to affect you and you would like to discuss it in further detail then feel free to contact me directly as the company I work for specialise in getting much better rates of exchange than the banks and we can also hold funds in a foreign currency in a client account on your behalf, so if...
Will the Pound continue its recovery? (Joshua Privett)
In short it's unlikely.
Most of my emails this weekend have been in response to the rollercoaster Thursday and Friday for GBP/EUR buying rates. Most of you have justifiably been enquiring as to what we can expect next week for Euro buying rates given the rapid falls and very quick recovery the following day.
There are a few reasons for why the consensus amongst analysts suggests that the rally on GBP/EUR will not be continuing in the short-term:
The recovery on Friday was not in response to any new...
Pound Sterling struggles even with fairly good growth figures for the U.K – Sterling...
Sterling Euro
Sterling Euro has remained fairly flat once again over the past few weeks seeming to be still stuck within a range. My personal feeling is that the Sterling Euro rate should be well above 1.20 if you look at the two economies and their performance, however the Euro does tend to have an amazing ability to stay strong even through times of trouble.
Strong growth figures for the U.K today have not given the boost we were hoping for currency wise, and I would...
Pound Sterling Forecast – Sterling starts the week on the front foot
Sterling exchange rates have started the week off fairly positively against most major currencies, most notably continuing the strong finish to last week against the Euro, with GBP/EUR now sat above 1.1650.
The reason this pairing in particular has moved in Sterling's favour more than others is down to the ECB (European Central Bank) interest rate decision and press conference delivered by Christine Lagarde on Thursday.
The ECB did raise interest rates as expected, however there was a slightly dovish tone around this hike, there were...