Will the Bank of England raise interest rates? This will be key for Sterling...

The key to the performance of the Pound in the next few weeks will be the likelihood of an interest rate hike, which has dipped a little over the past week. Bank of England Governor Mark Carney commented last Wednesday evening that economic data in the next few weeks will be key to whether or not the Bank of England will make their move and raise interest rates on May 10th. Before these comments along with the low inflation figures that we received earlier that day,...

Sterling awaits unemployment and average earnings figures today in a change to the usual...

This morning we have the release of unemployment and average earnings figures for the U.K in a slight change to the usual schedule, as these figures have been released on Wednesday historically for many years. They have been altered by the ONS (Office of National Statistics) have made the move as they would prefer unemployment figures to be released the day before Prime Ministers questions to give Parliamentarians the chance to review the figures before they are debated. This should in turn mean that the release...

Sterling spikes against most majors – A good week for the Pound but will...

Sterling spiked against all major currencies in trading yesterday afternoon, hitting the highest point since June 2017 against the Euro and offering those looking to buy foreign currency in the near future a fantastic opportunity. The Pound has been on a slow rise this year and yesterday’s further boost shows once again that confidence in the U.K economy and indeed the Pound, is rising, but we do still need to be cautious that it would only take one bad piece of economic or Brexit news...

Pound forecast for the week ahead – Economic data due out this week

There are a number of data releases of note this week so I thought I would outline the highlights below. Overnight tonight we will have the release of BRC like for like Retail sales data which will show how the retail sector performed in March. With the poor weather we had in the U.K throughout March expectations are for a lot of the data from March to be a little weaker than usual. Tomorrow afternoon we have the NIESR (National Institute of Social and Economic Research)...
Pound to US Dollar rates influenced by political uncertainty in the UK

Will Sterling exchange rates have a good April? Previous trends say yes but will...

The Pound made reasonable gains against most majors throughout March and I now have many clients in the middle of overseas property purchases asking if the strength in the Pound will continue, if previous years are to go by then there is a chance that it will. For the past 13 years running we have seen GBP/USD rise, or Sterling increase in value against the Dollar, this has happened during financial and political instability and no matter what issues have been thrown at the U.K...
Pound to Canadian Dollar exchange rates Will the pound fall further once the Tory leadership contest is over?

Will the adverse weather for the U.K in March impact Sterling exchange rates in...

The Pound has had a reasonably good run against most major currencies recently, hitting multi month highs against the Dollar and Euro, whilst also getting to the highest point we have seen since the referendum vote against other majors, such as the Australian Dollar. This has created a great opportunity for those holding Pounds and looking to make a large currency transfer for a property purchase or emigration, as at present you would now get more foreign currency for you Sterling than you would have...

A quiet week of data for Sterling exchange rates – Why not use this...

Much like every household bill it always pays to check up on the company you are using from time to  time, and this is the same when using a foreign currency brokerage. Many have now shifted clients to their online platforms which can result in lower exchange rates, some currency brokers out there may take advantage of your loyalty, we have had clients get in touch with us that have been using other brokers for years but have found the more comfortable they have got...
Pound to Euro Forecast - Brexit Extended

Sterling strength in a positive week for the Pound so far – Will the...

This week has been the best week of the year so far for Sterling exchange rates, seeing a lift for the Pound against all major currencies and setting some new longer term highs against a few along the way. There are a number of reasons for this, almost daily we have had good news either for the U.K economy or the U.K politically and this has been as follows; Monday  We heard news that the EU and U.K may have agreed a transition period for Brexit, any...
Pound to Canadian Dollar forecast Brexit remains in Limbo

GBP Forecast – UK Unemployment Rate & Brexit Deal Driving Sterling’s Value (Matthew Vassallo)

Sterling has made gains across the board this week, following confirmation that the UK & EUR have all but agreed on the terms for a Brexit transitional deal. This has helped to alleviate many of the concerns that the UK was going to be left in a state of economic limbo following our separation and as such investor confidence has started to return to the Pound. This positive trend was cemented this morning following the latest UK Unemployment figures, which came out better than expected at...

Pound Sterling Forecast – Is this the calm before the storm?

For those of you that have been following the markets lately you will be well aware that Sterling has remained fairly flat and has remained in a tight range against most major currencies. In fact, last week was the least volatile week for Sterling exchange rates we have witnessed since February 2016. Although this is frustrating for those of you waiting for that market spike in your favour, at least the rate has not moved against you too much, which could easily have happened with...