How sterling exchange rates impact foreign property purchases (Dayle Littlejohn)

For many of my new clients they are spending their easter break on foreign soil hunting for their dream holiday or new home. The norm for purchasing a property in Europe is to pay a 10% deposit and then the remainder 1-3 months later. For clients that are not experienced within the currency market, exchange rates can have a major impact on the price. For example exchange rates within the last 6 months have fluctuated 10 cents and six months ago were at their lowest...

U.K GDP Figures due out this morning – Sterling strength ahead of release at...

The much anticipated release of the U.K GDP (Gross Domestic Product) figures is due out this morning at 09:30am and it could be extrememly important for those with upcoming transfers for business purposes or to purchase or sell a property abroad. Most major analysts are predicting growth of 0.40% for the third quarter of 2010 however personally even though the latest data releases for the U.K have been reasonably poor, the GDP figures are for the period up to September so it would not surprise me to...

Sterling Falters as Brexit Negotiations Sour (Matthew Vassallo)

Sterling has come under pressure once again during Monday’s trading, with reports surfacing that Brexit negotiations have already hit a wall already. The UK have said they are willing to step away from negotiations, which backs up the Prime Minsters tag line that “no deal is better than a bad deal”. The Pound has seen its value tumble in recent days, with GBP/EUR now trading under 1.16. Although it has held its position around 1.30 against the USD, this is more to do with the negative...

Euro gains back a little strength as Greece may now accept terms – GBP/CAD...

We have seen a little Euro strength this morning as the Greek situation took one step closer to being resolved.... Well for the time being anyway! Personally I feel all we are going to see is some papering over of cracks at best and this whole situation will no doubt be back in the headlines before we know it. The only thing that is certain over the next week or two is that there will be some great buying opportunities and some fantastic selling opportunities for...
GBP EUR Looks to Employment Figures for Support

WHEN WILL GBPEUR rates 1.20 – Buying euros – selling euros – best FX...

GBPEUR rates have pushed on again today with the potential that these recent high levels could be broken next week. UK data again today was positive and with Thanks Giving in the US this week the levels of resistance has been significantly less. We also have the turn of the month into December. This means that we are probably going to be subject to profit taking in the market in the near future, this is when traders close of their positions in the market to...

How Secure is Sterling’s Meteoric Rise in 2014?

Sterling has clearly risen sharply this year representing an excellent time to buy a foreign currency with the pound. There are however a number of factors to beware of which could easily see the pound drop in the coming months. If you need to make a foreign payment understanding the market and how to go about getting the best deals is central to enhancing your advantage. Ultimately no one knows what will happen in the future but like weather forecasters, we can look ahead and...
Pound to Dollar Rate Slides to 1.38

Pound Sterling Forecast 04.09.12 – 07.09.12 – Still an extremely busy week ahead!

Despite the UK data so far being mixed but overall disappointing for September,  ongoing global events are presenting some excellent buying opportunities on many of the more popular currencies we trade. GBPUSD is only a whisker away from a 3 and a half month high, GBPNZD is at a 3 month high, GBPAUD is at a 12 week high and GBPZAR is at a 3 year high! GBP NEWS - The start of each month sees a snapshot of economic activity with the Purchasing Managers Index Surveys....
GBP USD Rate Consolidates on Interest Rate Expectations

Sterling exchange rates remain stable – Mark Carney due to speak tomorrow at 12:15pm

The Pound has remained fairly flat in trading today with a volatile period seen at 09:30am as GDP (Gross Domestic Product) figures were released for the U.K. GDP came out exactly as had been expected and we in fact saw a sharp decline in the value of Sterling for a few minutes only for it to gain back value over the course of the day. Tomorrow we have Governor of the Bank of England Mark Carney speaking and it was a speech from Mark Carney that...

A positive day for the Pound due to Bank of England comments (Dayle Littlejohn)

With George Osborne making cuts to the budget yesterday I was under the impression the Pound could come under further pressure today. However the Bank of England confirmed Interest Rates will remain on hold at 0.5% and Governor of the Bank of England Mark Carney announced its likely the BoE will hike and not cut in the future. Further to this the BoE commented on the Pounds weakness of late and confirmed the EU referendum is heavily weighing down on the Pound and this trend...
Pound to Euro Exchange Rate: Hammond Criticizes ‘Extravagant’ Spending

Monetary Policy Committee vote causes Sterling strength (Daniel Johnson)

Is their an interest rate hike on the cards? Today we saw the UK interest rate decision, rates were kept on hold, but it was a shock to the markets that three members of the Monetary Policy Committee (MPC) voted in favor of a rate hike. The MPC meet once a month in order to vote on whether to make any changes to the interest rate. If the vote comes in away from expectations it can cause volatility on the exchange as witnessed today. There...