Currency Information

Pound Sterling Forecast Euro Rate Forecast and Australian Dollar Forecast

2010-11-12T01:11:00.001-08:00

Why not take a look at our friends over at www.poundsterlingforecast.com www.eurorateforecast.com and www.australiandollarforecast.com - they give daily updates on each individual currency - great read with some excellent opinions and views!

If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email MeI assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZARHave a great day and thanks for reading!Daniel Wright

Want to keep up to date with sites that forecast the Pound and the Euro - I have started two new sites and the links are below:

2010-07-19T09:23:00.000-07:00

www.poundsterlingforecast.com

www.eurorateforecast.com

Please feel free to take a look at these they are packed with useful information.

If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email MeI assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZARHave a great day and thanks for reading!Daniel Wright

The new sites!!

2010-07-05T02:38:00.000-07:00

www.poundsterlingforecast.com

www.eurorateforecast.com

Feel free to take a look!!

If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email MeI assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZARHave a great day and thanks for reading!Daniel Wright

My new site

2010-05-02T04:36:00.000-07:00

Please go take a look at www.poundsterlingforecast.com

If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email MeI assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZARHave a great day and thanks for reading!Daniel Wright

The Pound slips in early morning trading as polls released and the dust settles (and the volcanic ash)

2010-04-16T01:08:00.000-07:00

Sterling has lost ground against a basket of major currencies in this morning’s trading as the dust settles following the live debate and polls suggest that David Cameron and the Tories may have been slightly pegged back.

I personally feel that the Pound will not suffer too much for too long however and economic data will step back into the frame before we even know it.

This has presented a short term opportunity for anyone selling foreign currency, and should you be in the process of doing so it is imperative you are in close contact with a experienced and professional broker who can keep you informed of such movements.

The Pound has dropped against the dollar this morning a little more than most perhaps due to it creeping just a little higher than many expected over the course of this week.

If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

Sterling strength against most major currencies - struggles to improve on seven week high against the Dollar

2010-04-15T01:53:00.000-07:00

The Pound has managed to continue to gain ground against a basket of major currenies this morning as confidence from investors in the U.K appears to be improving.

Sterling however after hitting a seven week high against the Dollar has found it hard to add to those gains in fact dropping ever so slightly in the first U.K session.

I personally believe the GBP/USD will be rangebound for some time against the Dollar between 1.50 and 1.60 So it is key that you take advantage of these spikes in the market.

If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

Sterling forecast for the day ahead

2010-04-14T00:29:00.000-07:00

The Pound Sterling is set for a quiet day on the data front however as many of you will know this does not mean that Sterling exchange rates will stay stable as there are a number of other factors that could affect levels.

The four factors that affect the strength of a currency are economic stability, political certainty, acts of terror and acts of god so there are always surprises popping up on the markets.

Couple this with the fact that there is data due to be released for numerous other currencies with the key data being for the Dollar today and these releases will also have an effect on how many Dollars you can buy for your Gtreat British Pounds!

Inflationary data and retail sales data from accross the pond is released over lunchtime and later on this evening the Federal Reserve also have the beige book – an overview of American economic activity and policies previously and going forward.

Overnight the U.K Consumer Confidence is released at 00:01am so if you have upcoming requirements you need to be sharp and in a position to act quickly in order to maximise your return.

To ensure you are in the best position to do this, you should consider setting up a free no obligation trading facility with me at the company I work for – Foreign Currency Direct, I can then be a second pair of eyes on the market for you and although I cannot advise I can give you updates and my personal opinion based on market knowledge.

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

Have a great day and thanks for reading!

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Sterling strength continues

2010-04-08T03:49:00.000-07:00

The Pound has continued to gain ground against a basket of major currencies in this mornings trading as confidence in the U.K is seemingly continuing to grow.

With the upcoming election on May 6th be sure to expect some extremely volatile markets with investors hanging onto every poll for hope of an indication as to who may be edging closer to taking power.

Should we get closer to the big day and the prospect of a hung parliament still be well and truely in place then I would expect the Pound to struggle however should the conservatives start to pull away and the likelyhood of a majority win for them look like a foregone conclusion then I would not be surprised to see the Pound rally.

There will be fantastic opportunities both to buy and sell the Pound in the coming weeks and if you have an upcoming transaction to make then you need to be in the position to act fast.

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

Have a great day and thanks for reading!

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Sterling exchange rate forecast

2010-03-23T02:17:00.000-07:00

As many readers will be aware the GBP has lost value against a host of major currencies in the last 18 months. So while this is great news for anyone holding a foreign currency and looking to buy back in to sterling, for anyone who needs to buy foregin currency this is really bad news.

Unfortunately it does not appear that there is any respite in the near future as the forecast is for the GBP to continue to remain weak over the next few months in the lead up to the election.

The main reasons for this are:

• Continued poor performance in the UK economy – decreasing demand for the pound
• The UK is a service driven country and reduced demand for our services is reducing demand for sterling
• The Bank of England may carry out further Quantitative easing
• Interest rates are likely to remain low for an extended period in the UK
• Uncertainty surrounding a hung parliment and how the national debt problem may be dealt with

Could the pound recover after the election?

In my opinion the short answer is yes. There are many reasons behind this, but I believe the key issue is that uncertainty is really holding the pound back. Because the markets dont' know who will be in government, or if we may see a hung Parliament, they are nervous.

Add to this the fact that we don't know how the new Government will deal with the national debt and budget deficit problems and the markets are twice as nervous.
All this uncertainty and nervousness is really holding the pound back which does make a very good investment at present in my opinion.

Once the new government is in power and the uncertainty is removed I would not be at all surprised if we see sterling move up in to the 1.20's against the Euro and push back into the 1.60's against the USD.

Whether you are buying or selling GBP an experienced currency broker will be able to save you money on your currency transfer.

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

Have a great day and thanks for reading!

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Sterling report and forecast EUR USD CHF CAD AUD NZD ZAR SEK

2010-03-16T01:27:00.000-07:00

Sterling report and forecast 16th March 2010 - Daniel Wright (Associate Director)

This report is written for current and potential clients of Foreign Currency direct to provide important information on Sterling and a basket of major currencies, alongside providing vital information on upcoming data releases that may affect the cost of sending money overseas or bringing money back.

Monday’s movements
GBP-EUR (-0.38%) GBP-USD (-1.11%) GBP-AUD (0.84%) GBP-NZD (0.95%)

This report will include the following

• Federal reserve interest rate decision
• Bank of England minutes
• Media quote ahead of minutes
• What else may move exchange rates this week

Fed interest rate decision tonight

Tonight sees the release of the Federal Reserve interest rate decision which has the potential to be a big market mover for those with U.S Dollar or Arab Emirate Dirham interests. Especially as purely on the rate movements yesterday, a £100,000 transfer to Dollars at the end of the day instead of the morning achieved clients a whopping $1600 less for their money – don’t be caught out yourself this week, let your account manager know what you are looking to do and he can keep you informed of market movements to avoid a nasty surprise.

No change in rates is expected however the Fed have been known to surprise in the past (most notably of late when they raised their Fed funds rate completely unexpectedly) this action led to rapid and major Dollar strength.

Also investors will be keeping a keen eye on any comments regarding the U.S economy and how it is faring and with data looking slightly better of late across the pond it wouldn’t surprise me to see Dollar strength overnight tonight.

Bank of England minutes & media quote

The Bank of England minutes released tomorrow morning are also due to be a head turner as we get to see how many members of the MPC were in favour of reigniting the Quantitative Easing flame for the U.K.

Should it evolve that it was a close vote out of the 9 members for example 5-4 or 6-3 then it suggests there still is scope for QE at the next decision and you may see Sterling lose ground accordingly, on the other hand a clean sweep and 9-0 against QE should bring Sterling strength.

If you are concerned about how these two decisions may affect any upcoming transactions you have be it buying or selling currency why not do what many of my business clients are doing of late and place a limit or stop order ensuring that you are protected from adverse market movements and can budget for your purchase accordingly. Contact us directly on 0800 328 5884 for a full explanation on this simple action that could save you £1000s.

‘The minutes could lead to a shaky day for the Pound tomorrow. Should QE become the main focal point again investors may run like the wind from Sterling as it tallies up yet another reason to steer well clear of it.’

What else might affect exchange rates this week?

Obviously those readers that have bought or sold currency before are fully aware many surprises can pop up on the markets, however the following data is also out this week that may affect exchange rates for Sterling against the Swiss Franc, Canadian Dollar and the U.S Dollar.

17th March - Swiss Trade Balance data
18th March - Inflationary data for both the U.S and Canada
19th March - Canadian Retail Sales data

Buying or selling Euros? Greece is still a factor!

Those of you with Euros still to buy or sell should also be extremely wary of any further releases regarding the economic situation in Greece and how the Euro Zone are planning to attack it.

A decision is now fairly imminent and which way the market goes is all dependent on how it is taken by investors – once again another reason to consider the various options available to you inclusive of forward contracts, stop losses and limit orders to protect yourself from adverse market movements.

Should you have any questions or queries regarding anything in this report feel free to contact me directly on 0800 328 5884 or email me at djw@currencies.co.uk

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

Have a great day and thanks for reading!

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Sterling Euro Dollar forecast - The week ahead

2010-03-15T02:02:00.000-07:00

This daily report focuses on key current considerations affecting the foreign currency markets, and how this may vary exchange rates which can have a big impact on the overall cost when you purchase currency and are sending money overseas.

• Dollar remains positive
• Possible strong Euro finish in March
• Creation of a European Monetary Fund gains support

What Are The Prospects For The Euro

Greece has been threatening to play its trump card by asking for assistance from the International Monetary Fund. This would at worst call into question the whole economic foundation of the EU and at least be seen as highly embarrassing for the EU as it as unable to resolve the situation internally.

This elicited a series of supportive statements from France and Germany last week which caused a Euro rally which is unlikely to be undermined by the ZEW Current Situation survey (which gives an indication of German investor sentiment on Wednesday).

The actual form this support will take remains vague however discussions have started regarding the formation of EMF (not the 1980’s band pictured here but instead a European Monetary Fund (a European version of the IMF the international lender of last resort) whilst this will be too late to help Greece now it indicates a recognition of the considerable strengthening of European ties required to rebuild sustainability in the Eurozone.

This will be a complex process but the willingness now to tackle it will provide increased long term strength to Euro value further challenging the pound and maybe challenging the US dollar as a world currency in 2011. Today’s Eurozone employment change figures may stimulate an exchange rate spike if the forecast -0.5% fails to materialise.

Dollars Remains Positive

Wednesdays US interest rate decision is unlikely to increase interest rates but the dollar continued its inexorable rise on the back of US job figures which may indicate that the recovery in the US may be sustained and with Friday’s growth in retail sales from an anticipated 0.1% to an actual 0.3% the number of positive indicators are growing for the US.

Strong US results are creating demand for goods with Japan and China who are using an undervalued yen and renminbi to supply it with imported goods much to US annoyance.

Resource rich economies like Australia are noticing increased demand for their raw materials, many of which are priced in US dollars and on the back of this demand their economy is growing and their currency is strengthening.

One life line that may be provided to sterling may be the housing market, a surge in demand could pull the UK economy back on track by stimulating spending however this morning’s Right Move House Price Index, based on a sample of residential property, came in below expectations at 0.1% for March

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

Have a great day and thanks for reading!

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

Sterling exchange rate

2010-03-12T01:22:00.000-08:00

The Pound has remained reasonably stable in early morning trading today and on a relatively thin day of data for the U.K exchange rates for the Pound against a basket of major currencies will be reliant on their data releases.

These are namely Industrial production for the Euro Zone at 10:00am and retail sales plus unemployment data for the U.S and Canada in the afternoon.

For anyone wanting to know further information on how these releases may affect Sterling exchange rates then do feel free to call me (Daniel Wright) on 0800 328 5884 or email me directly djw@currencies.co.uk

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

Have a great day and thanks for reading!

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

Sterling forecast - The week ahead

2010-03-08T08:18:00.000-08:00

The Pound faces yet again another rocky week no doubt with a number of releases of note due out for the U.K in the next few days.

Firstly, we still have the dark cloud of a hung parliament hanging over our heads which has been one of the main factors holding Sterling back of late – this is likely to continue holding the Pound back in the lead up to the election.

Overnight tonight sees the release of retail sales data and house price balance data at 00:01am – any change to the expected releases may lead to volatility overnight for Sterling.

Tommorow morning will bring trade balance data for the U.K – I personally feel we may we this come out slightly better than expected due to the recent drop in value of the Pound which can only improve exports one would imagine.

Wednesday am brings industrial production and manufacturing production data in early morning trading followed by the fresh GDP estimate from the NIESR (National Institute of Social and Economic research).

Both releases may lead to market movements – The last production release was actually better than analysts expected so should this be on the up again further Sterling strength may be seen.

The NIESR estimate could potentially throw the cat amongst the financial pigeons should they estimate that the U.K GDP figures are due to dip again leading towards a potential double dip recession… should this be the case the Pound may drop dramatically.

On top of all the data releases the currency markets are there to surprise us too, so be wary of any mention of QE by the Bank of England, any speeches from Alistair Darling or issues surrounding Greece over the course of the week.

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

Have a great day and thanks for reading!

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

Sterling set to crash? Further QE may lead to weakness & no QE strength - Pound forecast

2010-03-04T00:07:00.001-08:00

Exchange rate forecast GBP EUR USD SEK CAD CHF ZAR JPY and more!

Bank of England to decide fate for the Pound today - Sterling forecast

Today at midday sees the Bank of England interest rate decision and although no change in interest rates is expected the focus appears to be on whether or not further QE will be put into place.

The BOE seem to like mentioning QE as a tool to talk down the value of the POund which in turn keeps our exports up and this has certainly worked in their favour again over the past week or so with the losses we have seen.

The losses as mentioned previously are due to a potential hung parliament, a large deal with Prudential and mortgage approval data being absolutely dire at the start of the week, add to that our revised GDP figures from Friday and things do not look great for Sterling.

Greece place new measures which brings minor confidence back to the Euro and minor strength - Euro forecast

Yesterday Greece announced details of their plans to conquer their huge budget deficit plans and how they would be supporting European assistance.

This was taken reasonably well for the Euro Zone and led to minor Euro strength but I am sure we have not heard the last of it.

U.S Unemployment figures set to lead to market volatility

Later this afternoon sees the release of unemployment figures for the States and it is a coin toss as to whether or not we will continue to see a further increase in jobless claims as we saw nearly 500,000 new claims in January.

The services sector appears to be improving in the U.S however whatever comes out of today's unemployment figure is bound to cause some volatility.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

Pound sterling forecast and report - positive data leads to minor gains

2010-03-03T00:52:00.000-08:00

Exchange rate forecast

A brief overview as to what has happened to the Pound in the last 24 hours and what is expected going forward.

Sterling strength as PMI data high and high Consumer Confidence

The Pound has gained in early morning trading following PMI (Purchasing Managers Index) data coming out the highest we have seen in some time, this shows that once the poor weather finally left us (if it even has gone for good) things did start to pick up.

We also saw Consumer Confidence figures out overnight which were also better than expected and the best we have seen for some time - a refreshing change for those with Sterling to sell following the recent losses seen.

Will the Bank of England introduce further QE - If so how will it affect exchange rates?

The Bank of England meet tommorow for their monthly interest rate decision and although no change to rates is expected Mervyn King has recently hinted at further QE being potentially placed into the system.

Those clients that had transfers to make last year will be well aware that the mere mention of QE tends to weaken Sterling and although this may well already be slightly factored into the market I wouldn't be surprised if the Pound loses ground should they decide on more and gains ground should they decide to leave it.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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Pound Sterling weakness - what is behind it and how long will it last?

2010-03-02T00:52:00.000-08:00

The Pound suffered huge losses in yesterday's trading as a number of different factors - these are the following:

A Hung Parliament - Weak Pound

It appears more and more likely that the U.K will end up with a hung parliament following elections in May according to recent polls and with political uncertainty being one of the four main factors that affect the value of a currency - along with Economic stability, acts of terror and acts of god the Pound has weakened dramatically off the back of this.

Markets move on rumour as well as fact and the longer the hung parliment term hangs over the head of the U.K the Pound will find it really hard to shift back up in the right direction.

PIGS seem to have gone to sleep

The so called PIGS of Europe have gone to sleep of late and the Euro Zone seem to have a talent of sweeping problems under the carpet as opposed to the U.K who are quite happy to constantly talk about them.... Enter Mervyn King and Alistair Darling!!

Once these problems in the Euro Zone come back to light we may see Euro weakness again however whether or not Sterling gains because of this will be dependant on what other problems in the U.K have come to light.

Sterling Dollar hits low since May 09

The Pound dropped to fresh lows since 2009 against the USD yesterday and analysts predict there may be further to go.

We all know what happened last year when the Dollar had a good run so beware if you have an upcoming purchase to make.

GBP AUD 25 year lows

Following the 4th interest rate hike in 6 months the Australian economy appears to be handling the global crisis extremely well, how much lower can this go with important GDP figures due out this week for Australia.

GBP CAD also at fresh lows

The Pound also hit fresh lows against the CAD following much better than expected GDP data released over there yesterday, yet another currency pairing that is breaking long term records!

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

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Sterling report and forecast U.K GDP Figures due this morning - expect major volatility!

2010-02-26T00:39:00.000-08:00

Sterling report and forecast Friday 26th February 2010 – Daniel Wright (Associate Director at FCD)

Contents of this report

This report will cover the following information that is due to be released in the short term that may affect the cost of buying foreign currency or how many pounds that you will receive when bringing money back.

• U.K GDP Figures

• GBP – USD Hitting lowest since May 2009

• GBP – AUD Recently hit a 25 year low – will they raise rates?? How low can it go?

• Other information that may affect you upcoming transfer

U.K GDP Figures released this morning!

This morning sees an extremely important release for the U.K and indeed the Pound as the revised GDP figures are due out at 09:30am. Expected is for the revision to bring the figure up from 0.1% to 0.2% however I personally would be extremely surprised to see this come out as expected.

With the dire weather seen in the U.K towards the end of last year and the flurry of poor data we saw during that period, alongside the fact that the same release for Germany came out much worse than expected (as detailed in yesterday’s report), I expect to see revised GDP for the U.K to come out worse than predicted leading to losses for the Pound against a basket of major currencies.

“Mervyn King suggesting that failing to act now could pave the way for bigger problems in the future has seen Sterling suffer greatly, I expect this to continue through Friday to end what has been a particularly poor week for Sterling – and there are no signs of it getting any better for next week.” Commented Stephen Hughes, Director at FCD

The same data is due for the U.S at 13:30pm and expected is a figure of 0.6%. Expect Dollar volatility should this come out different.

Should you be worried about the potential cost of an upcoming transfer call us free on 0800 328 5884 and speak to a currency expert who will explain the many options available to you including forward contracts, stop and limit orders.

What do you think?

Being a trader looking after hundreds of clients I am always interested to see what the general public think – Will the Pound suffer once again throughout 2010? Will the Euro plummet once the so called PIGS real problems come to light? Is the Dollar going to continue its forceful rally?

djw@currencies.co.uk is the best route of getting in touch – I welcome your thoughts on the current global economic situation.

GBP – USD Hits lowest level since May 2009!

Dollar buyers and sellers must be aware as the Pound dropped to its lowest level since May 2009 to buy the greenback yesterday, creating fantastic opportunities for those with Dollars to sell and an uncomfortable decision for those looking to buy Dollars.

With the U.K and Euro Zone both looking shaky at the moment investors are rushing to buy gold and U.S bonds as they perceive it as a ‘safer haven’ hence more demand for Dollars and the Dollar gaining strength.

GBP – AUD 25 Year Low

Once again another currency pairing hitting lows not seen in a very long time however it looks like this trend may continue.

The Reserve Bank of Australia meet for their interest rate decision on Tuesday and expectations are for the 4th rate hike in 6 months. A rate hike is generally seen as positive for the currency concerned and therefore points to further potential AUD strength. If you have a purchase of AUD to make it may be prudent to consider your options in advance of what could be an important decision.

Breaking news overnight!

Overnight saw the release of House Price data and Consumer Confidence for the U.K – Consumer confidence came out slightly better than expected and house price data a lot worse – this has led to minor Sterling weakness in early morning trading.
Should you wish to discuss anything in this report and how it may affect a upcoming transfer then contact one of our friendly traders here at FCD on 0800 328 5884 or email me personally at djw@currencies.co.uk

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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Sterling forecast ahead of GDP figures - potential movements against Euro, Dollar, Swiss Franc, Australian, New Zealand and Canadian Dollar and More!

2010-02-25T00:04:00.000-08:00

Sterling is set for a rocky period in the short term with a number of key releases due out in the coming weeks.

Tommorow brings revised U.K GDP data at 09:30am which may cause huge movements for the Pound, expected is a revision up to 0.2% however with the recent poor data releases continuing to confirm the U.K is clearly not out of trouble yet I would be concerned that we may see the figure come out worse than expected and that the Pound may lose off the back of this.

Should this be the case then it will open the door for further Quantitative easing being announced in next Thursday's interest rate decision which as regular readers and market followers will know, generally leads to weakness for Sterling.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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Federal reserve shocks the market - major Dollar strength!

2010-02-19T00:44:00.000-08:00

U.S Shocks the market - Sterling Dollar movement

A surprise announcement from the States last night has led to major Dollar strength as the Federal Reserve has raised the cost of borrowing for banks over there which has really shifted the markets overnight.

The Pound has also seen major losses this morning against a basket of major currencies which may be set the pattern for the day.

Anyone with upcoming transfers may wish to get in touch to discuss what is expected in the coming hours in order to make a decision on to when to book a rate.

his is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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Sterling Euro Swiss Franc U.S Dollar Canadian Dollar Exchange rate forecast today

2010-02-18T01:09:00.000-08:00

Exchange rates are once again in for a volatile day on the markets with U.K public sector net borrowing figures alongside the M4 money supply figures.

We are also due to see Euro Zone Consumer cConfidence figures due out at 10:00am and some Swiss ZEW index data which may effect the strength of the Euro and Swiss Franc.

Data of note from accross the pond includes some inflation data for the U.S and also for Canada so be aware that this could cause movements over the lunchtime period.

All data releases shall be put into a glossary within the website shortly so that you can understand what they are and how they may affect your upcoming purchase.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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New Website launched!

2010-02-17T01:54:00.000-08:00

Great news - I have just launched www.currencyenquiry.com - please feel free to take a look and comment on the forum should you so wish!

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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Sterling strength ahead of BOE minutes and unemployment data exchange rate news Euro Dollar Swiss Franc Swedish Krona South African Rand

2010-02-17T00:06:00.000-08:00

This morning the Pound has started to climb against a basket of major currencies ahead of a few key data releases of note being the Bank of England minutes and also unemployment data both due out this morning.

The minutes should confirm how many members of the BOE were in favour of halting the current QE also how they plan to tackle inflationary issues going forward.

Unemployment figures are expected to look deceptively healthy due to the number of people forced to take on part time jobs in the U.K

Should this be the case and figures come out better than expected then we may see Sterling strength throughout the day.

U.S Federal Reserve Minutes

Like its UK equivalent, the US Federal open Market Committee minutes are sure to cause ripples for the world’s largest economy.

They may give an insight as to if or when the US is able to start raising interest rates which is likely to impact on the price of the Dollar. Since many commodities are priced in the greenback this has huge significance for various market sectors and may affect a currency pair you had not considered.

With gold being priced in Dollars, and South Africa being the world’s largest single producer of gold, as the Dollar rate changes, so does the amount of gold investors can afford, and therefore the ZAR strengthens or weakens as a result.

As you can see the impact of the US information out this afternoon doesn’t only affect clients looking at buying or selling Dollars directly but also those clients looking at a range of other currencies.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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Greece Bailout - The three potential options - Should affect exchange rate for Euro - Pound Euro Dollar and a host of major currencies

2010-02-16T01:14:00.000-08:00

1) Bailout - funded by all members of the EU (including Britain) undermines future EU fiscal control, and effectively rewards Greece for poor financial controls

2) Non bailout – Greece continues to repay its debt forcing a prolonged and savage Greek recession resulting in a lost generation

3) Greece just defaults on its debts – bringing into question credit worthiness of the whole EU and raising the cost of all borrowing in the EU in general, but does form natural justice i.e. the cost of making poor loans is borne by the lending parties.

These were the three options previously outlined in the FT but they may come up with an alternate strategy previously not considered, (like (say) Greece privatising national assets to raise funds

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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Greece bailout - what will it mean for the Euro exchange rate?

2010-02-15T14:39:00.001-08:00

Unless a fantastic plan is announced soon I personally would expect that Euro is due to weaken in the coming weeks as there are many cracks starting to appear in the Euro Zone and I believe the Dollar may well continue to gather momentum against the Euro in the coming weeks.

Strerling should hopefully climp against the Euro again maybe not at the same pace ahowever as the U.K has many underlying problems of it's own!

It would not shock me to see a surprise thrown at us once we have a full announcement on Greece so if you do have an upcoming transfer to make then let me know and I can get on the phone once the market starts to react be it in a good or bad way so that you are in the position to act fast should you need to.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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Sterling exchange rates forecast and report - Greece to headline the week?? Euro Dollar Rand

2010-02-15T00:34:00.000-08:00

Once again good morning and I hope you had a great weekend!

Another interesting week ahead with releases regarding the Greek bailout package probably being the main talking point to start the week off, thuis could push the market either way dependant on what comes of it and it is so important to be on the ball this week as the release could come at any time and could have a huge effect on exchjange rates.

Also this week we see the release of some key inflation data tommorow for the U.K - The last set of inflationary datacame out higher than expected and led to Sterling strength against a basket of major currencies so it is certainly one to keep an eye on. High inflation is generally battled by raising interest rates and a hike in interest rates is generally seen as positive for the currency concerned.

On wednesday of this week it is time for the Bank of England minutes from the last interest rate decision and will show exactly how much support there was behind ending the Quantitative Easing programme so once again may lead to volatility.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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[09:07:23] Chris Knights:

Currency forecast Sterling Euro Dollar - things are set to get lively today on the markets!!

2010-02-12T01:39:00.000-08:00

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

After a hectic day on the markets yesterday following the situation in Greece today is a sure fire bet to bring a lot of volatility to the Pound, U.S Dollar and most notably the Euro.

Still we have not had a full package announced and as soon as it is (or should it not be out) then this could lead to major movements - if you have a transaction to make then think smart and be prepared to act fast!

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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[09:07:23] Chris Knights:

The Pound Finishes the day up against Euro and Dollar and down against the Antipdean Currencies

2010-02-11T09:20:00.000-08:00

Sterling started the day off with minor losses against most major currecies and large losses against the Antipdean currencies (AUD,NZD & ZAR)

At the point of writing this post however things have majorly turned around with the markets seeing major Euro weakness due to no agreement being released regarding Greece although announcements have been made that something is in place.

Sterling gained nearly a cent over the Dollar in afternoon as it pulled away from the year low figures seen on Monday.

It is showing resistance levels at 1.57 however who knows where things may go over the course of this evening and tommorow.

With the delayed retail sales for the U.S due out in the afternoon tommorow and absolutely dire weather conditions in parts of America the charge for the Dollar may well be halted and reversed sooner than thought, stay in close contact tommorow if you have any upcoming currency transfers as in this volatile market either great buying levels can arise or lots of money can be lost within minutes!

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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[09:07:23] Chris Knights:

Sterling still falling despite Greek woes - Bailout package due to be confirmed later on Euro, Dollar, Pound, Rand and more currency forecast

2010-02-11T00:42:00.000-08:00

Sterling has continued its freefall again against the Euro, U.S Dollar, Australian Dollar, New Zealand Dollar, South African Rand and many more major currencies.

Many will have thought that the Pound would have gained against the Euro of late but the main thinking is that should the Euro Zone as a whole group together and bail out Greece and other failing economies then who is going to be there to save the U.K????

This has led to the Pound falling not sharply but gradually and a bailout package is expected to be announced before the end of the day.

Last time this all came about the Dollar weakened as investors found more confidence in the Euro as they proved they can withstand these sort of problems.

They in turn pulled funds from the Dollar and gold (priced in Dollars) and put it into the perceived 'riskier' Euro in order to attempt to gather a higher return.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

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[09:07:23] Chris Knights:

Production data up - Sterling makes minor gains on EURO South African Rand Dollar - Australian and New Zealand

2010-02-10T01:37:00.000-08:00

This morning Production data for the U.K came out surprisingly higher than expected, it has lead to minor gains for the Pound against a basket of major currencies.

We await the release of the Bank of England inflationary report and Mervyn King's speech at half past 10, and during the course of the day the GDP estimate from the NIESR and Trade balance figures for the U.S.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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[09:07:23] Chris Knights:

Important week of data for the Pound - expect volatility for GBP against EUR USD SEK CHF CAD NZD AUD ZAR

2010-02-08T00:48:00.001-08:00

Good morning all and I hope you had a great weekend.

Important week ahead on the data front for the U.K with a couple of key data releases that could set the tone for the month.

Today is generally looking rather quiet however in the first seconds of tommorow at 00:01pm with a double release starting with the BRC (British Retail Consortium) releases retail sales figures of which I personally think may be pretty badly hampered due to the weather conditions in January.

At exactly the same time we also have the RICS (Royal Institute of Chartered Surveyors) announce house price data.

Both of theses releases have the potential to cause major market movements overnight so make sure you have limit or stop orders in place should you have a trade to carry out.

U.K GDP estimate is next on Wednesday released by the NIESR (National Institute of Economic and Social research). Following last months figures annoucing we are out of a recession officially all eyes will be on this estimate and just how much the poor weather is believed to have knocked us back.

Also on Wednesday BOE governor Mervyn King speaks at 10:30am alongside presenting his BOE inflation letter - this could cause high volatility depending on what is mention for the U.K's economic plans going forward.

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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[09:07:23] Chris Knights:

Interest rate decision day for U.K and Euro Zone - Expect Sterling - Euro Volatility GBP EUR USD AUD NZD CHF CAD

2010-02-04T00:20:00.001-08:00

A busy day ahead is expected on the currency markets for a basket of major currencies with two key interest rate decisions for both the U.K and the Euro Zone, alongside unemployment data for the U.S and a few releases of note for Canada.

The Bank Of England are first to step forward and release their interest rate decision at 12:00pm and although no change in rates are expected all eyes will be on whether or not the plan to draw a line under the Quantitative Easing plan which currently stands at £200Billion. There are a lot of major analysts and investors that believe that the plan has not worked so far so should the BOE not rule out continuing it we may see Sterling weakness.

Next is the European Central Bank at 12:45pm and once again no change in rates is expected however generally after the announcement president Jean Claude Trichet speaks about future economic policy so any mention of future rate hikes could still lead to volatility for the Euro.

Should you have a Pound to Euro transaction in either direction to make it may be prudent to get in touch with your account manager here at FCD this morning to discuss the many options available to you inclusive of forward contracts, limits and stop orders. If you do not already have an account open click here to open one right now – it’s free and carries no obligation to trade.

Following this decision at 13:30pm we see a flurry of U.S unemployment data which can cause a lot of volatility for the Dollar which has now been notably tipped to gain against the Pound in the coming months.

"Superior U.S. versus UK GDP growth differentials, UK election uncertainty and the risk of a UK ratings downgrade cast a dark cloud over the GBP/USD outlook for the next few weeks and months," said Kenneth Broux at Lloyds TSB.

With potential movements like this anyone with an upcoming USD or AED (pegged directly to the Dollar at a rate of 3.6725) transaction may want to seriously consider their options and by calling us on 0800 328 5884 you are one step ahead.
15:00pm brings PMI data for Canada which measures the general business conditions for the economy any change to what is expected could lead to medium market movements.

If you would like to discuss any of the information in this report and how it may affect your transfer do feel free to email me

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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[09:07:23] Chris Knights:

Consumer confidence up in the U.K Trade balance up in Australia GBP AUD EURO NZD CHF CAD POUND Australian dollar

2010-02-03T00:27:00.000-08:00

Great news for the U.K and indeed the Pound overnight as U.K Consumer Confidence came out better than expected leading to minor Sterling strength.

The trade balance for Australia also came out overnight and this was also better than expected showing that although Australia didn't increase exchange rates as expected their economy is still very healthy.

The next release of note is the European retail sales figures so be aware should you have a Euro transaction to carry out.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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[09:07:23] Chris Knights:

Sterling and other currencies update for the week ahead gbp eur usd aud cad

2010-02-02T09:06:00.000-08:00

Good afternoon,

As usual I like to keep all of my clients up to date with market movements so here is an overview of what may affect the market in the next week or so.

Should you have an upcoming requirement for February please do let me know either by replying to this email or by giving me a quick call so that I can get in touch should a great buying or selling opportunity arise.

There are a number of important releases due out this month as always and with Sterling starting off on a negative note which just goes to show it is imperative you catch the rate at the right time should any little spikes in the market occur.

Firstly – Consumer Confidence is released at 00:01 tonight and European retail sales data tomorrow morning, on Thursday we see Interest rate decisions both for the U.K and the Euro zone at 12:00pm and 12:45pm respectively – no rate changes are expected however all eyes will be fixed on what is mentioned regarding further Quantitative Easing or future economic policies as this could cause large volatility.

Friday brings house price data for the U.K and also a flurry of key unemployment data both for the U.S.A and for Canada so keep a close eye on these releases should you have a trade to do involving either of these two currencies.

Do feel free to contact me at any time should you wish to discuss any of these releases and how they may affect any upcoming purchases and I will be more than happy to help.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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[09:07:23] Chris Knights:

Pound slips to start off the week - Australia surprise and hold interest rates - exchange rate news gbp aud eur usd sek zar cad chf

2010-02-02T00:02:00.000-08:00

The Pound had a pretty poor start to the week slipping against a basket of major currencies in Monday's trading.

Mortgage approvals came out a lot lower than expected opening up a possibility that the housing market may not be recovering at the pace first thought.

Also, Bank's preferred money supply fell at it's fastest monthly pace sine records began in 1982.

The bank of England hold their interest rate decision on Thursday at 12:00 and many eyes will be on whether or not there will be any further quantitative easing - I find it doubtful.

The reserve Bank Of Australia held interest rates last night although they were expected to raise to 4% - this has led to the Pound gaining considerable ground against the Australian Dollar so far this morning.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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[09:07:23] Chris Knights:

House Prices up, Confidence down and an interesting day ahead on the Political side of things!

2010-01-29T00:25:00.000-08:00

A couple of releases of note late last night and early this morning.

Firstly Consumer Confidence was down for the U.K in a release at just after midnight - This led to some minor weakness overnight.

This morning however to counter that we saw Nationwide releases their house price data which appeared much more positive.

Overall both sets of data appear to have evened each other out so far however with U.S and Canadian GDP figures due to come out later on today we could see extremely large movements for the USD and CAD.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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[09:07:23] Chris Knights:

Sterling continues to find strength - important information for anyone with currency transfers to make!

2010-01-28T01:08:00.000-08:00

Sterling has made yet another solid start to the days trading up by nearly 0.5% against a basket of major currencies.

It appears that my predictions from the back end of last year are so far looking pretty good as throughout reports from September onwards I have said that late January onwards will be the time for The Pound to make a fightback - the question is how long will it last??

There are a number of underlying factors that are still sniffing around that may falter the climb in the near future inclusive of Retail sales figures for January which I believe will be particuarly dire with the weather we have seen, this will all affect the revised GDP figures and may hamper SDterling really pushing on in February.

Also there is due to be a lot of political instability with the Iraq inquiry and an upcoming election which may lead to Sterling weakness alongside the final negative being the terror alert in the U.K being extremely high at present - should anything actually happen this could really knock the Pound immediately.

The four factors that effect the value of a currency are Economic stability, Political uncertainty, Acts of Terror and Acts of god.

If you have an upcoming requirement it may be worth hedging your bets and booking half on a forward contract so that you know even if these factors do bring the Pound crashing back down you have at least taken some advantage of this spike.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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[09:07:23] Chris Knights:

Sterling report and forecast 27th January 2010

2010-01-27T00:33:00.000-08:00

Sterling has had a rocky 7 days on the markets and it looks set to continue with a number of interesting maybe more news based releases due to come out over the week.

Obviously the key one of the week is the U.K officially coming out of a recession yesterday, however we just crept out of one so good news on paper but in general there is still plenty to be done.

The Iraq inquiry is also set to be a very interesting time for the Pound as there will be some extremely heavy questioning, especially for Tony Blair, and with the U.K still having a Labour Government still in power this may lead to political uncertainty which in turn could bring Sterling weakness.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or click here to email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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[09:07:23] Chris Knights:

U.K out of recession - Figures however worse than expected - Minor Sterling weakness

2010-01-26T02:26:00.000-08:00

The Gross Domestic Product figures have now been released for the final quarter of 2009 by the U.K and indeed we are now officially out of a recession.

However great that sounds figures only came out at 0.1% growth leading to the potential for a W shaped recession and us slipping back in when the next figures are released.

Sterling has lost ground off of the back of this data.

Be poised for an interesting year ahead!!

This is a brief summary of todays report for further information feel free to Email Me

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

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[09:07:23] Chris Knights:

Sterling makes minor gains ahead of eagerly awaited GDP figures - U.K to come out of recession???

2010-01-26T01:10:00.000-08:00

Sterling has made minor gains in early morning trading ahead of the eagerly awaited GDP figures released at 09:30am this morning.

Expected is growth of 0.4% but we all know the markets are there to surprise us.

Although we had poor weather in December and retail sales were pretty dire much of the other data for the U.K was is actually looking a lot better.

I am going to stick my neck out and predict worse than expected which could lead to losses for the Pound even if we are out of a recession, however to be honest it really is a coin toss as to how figures will come out.

This is a brief summary of todays report for further information feel free to Email Me - Or click on the banner below to see today's full market report Click here to read the full report on our main website

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Need a hotel overseas - Look no further, click below!!

[09:07:23] Chris Knights:

Pound Sterling starts to lose strength again - U.K out of recession this week? GBP EUR USD CHF AUD NZD report and forecast

2010-01-24T09:44:00.000-08:00

The pound started to drop away again in Friday’s trading following much worse than expected retail sales figures for December. This really does highlight the importance of catching spikes in the market when they do arise, as at one point last week Sterling had hit it’s highest point against the Euro since August, against the Dollar for 6 weeks and a basket of major currencies hit levels we have not seen for some time.

It followed a series of reasonably positive releases at the start of the week whereby house prices were on the up, inflation had risen and U.K unemployment came out a lot better than expected. Just catching the rate at right time last week could have gained you over €2500 extra on a £100,000 - € transaction.

These movements really do once again prove why that if you do have a transfer to make it is imperative to have a free, no obligation trading facility open here at Foreign Currency Direct which can be opened in just two minutes by clicking here. Once open you will be allocated a personal account manager who can contact you to inform you of movements throughout the day should you so wish

Recession to come to an end for the U.K?

Tomorrow brings what could well be one of the key data releases of the year for anyone with Pounds to sell or another foreign currency to bring back into Sterling over the course of 2010 as the U.K is expected to officially come out of a recession after the longest seen on record.

This is not set in stone however and those who believe that merely coming out of a recession will lead to instant gains for the Pound be aware as the markets also move well in advance of data releases coming out, mainly off the back of predictions, so should the U.K come out of a recession but growth not be as much in the last quarter as expected then we could actually see Sterling weakness!

The release is due at 09:30am tomorrow so it is key to be in a position to trade should the release not go in your favour for what you are looking to do, a quick call in to your account manager today in advance would be smart thinking as then they can add you to their list of clients to inform of any sharp movements for or against them - call now on 0800 328 5884 to make sure you are one step ahead.

Politics also due to be key this year and in the short term

With political instability being one of the four main factors that will affect the value of a currency clients with upcoming requirements should be aware that the next few weeks and months indeed could once again be a testing time for the Pound.

The recent Dollar weakness seen at points last week was heavily down to Barrack Obama announcing that he is looking to bring in a series of changes that will completely shake up the banking system in the U.S which was taken poorly by investors hence the losses at the start of last week for the Dollar.

Obama’s changes are due to limit the size of banks and their investments in an attempt to minimise the chance of this huge economic meltdown happening again and it will effectively separate investment banks from commercial banks and completely change the way banks are to be run.

That won't help, suggested Rob Nichols, president of the Financial Services Forum, an industry group representing 18 of the largest financial companies.
"Proposals to preemptively break up large, well-managed and well-capitalized banking companies — or to reimpose Glass-Steagall restrictions — are based on a misdiagnosis of the causes of the financial crisis," he said.

It is rumoured that U.K Prime Minister Gordon Brown is considering bring in similar changes in the U.K and should this be announced one would expect to see exactly the same impact on Sterling - Investors dropping bank shares and indeed the Pound to concentrate on more lucrative investments.

Alongside this Gordon Brown is now due to testify in the Iraq inquiry before the General election takes place this year which could also lead to some extremely interesting market movements as personally I would imagine that the publicity of this inquiry can only lead to further political instability and indeed potentially another reason for the Pound to dip.

This is a brief summary of todays report for further information feel free to Email Me -

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.
I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Sterling Euro rally contiued yesterday - exchange rates dropping this morning following Pound strength

2010-01-21T02:17:00.000-08:00

Sterling Euro rates have been slightly dropping this morning after making headway all week and hitting the hightest point since August at around 1.1550.

The phones are ringing like crazy in the office with people looking to take advantage of current levels so i'm afraid I just do not have the time to write a full report for regular and new readers at present this morning!!!!

Do feel free to click on the link below for today's daily report on our website written by one of our senior traders for information today...

This is a brief summary of todays report for further information feel free to Email Me - Or click on the banner below to see today's full market report Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Sterling strength once again following higher than expected inflation figures for the U.K

2010-01-19T06:44:00.000-08:00

This week has seen some great Sterling strength against a basket of major currencies following numerous data releases including Rightmove house prices coming out much better than expected and inflation this morning being much higher than expected.

If inflation is high the best way to push it down is to raise interest rates and when interest rates are hiked it is generally seen as positive for the currency concerned and with the markets moving on what may potentially happen as well as what has happened this has led to the Pound rising quite substantially for a change.

Should you wish to take advantage of this rare spike do feel free to get in contact with me straight away on the number below just in case it is once again the same story of last year and Sterling taking two steps forward and three steps back

This is a brief summary of todays report for further information feel free to Email Me - Or click on the banner below to see today's full market report Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Further Sterling strength following house price data from Rightmove - busy week ahead!

2010-01-18T01:14:00.000-08:00

Good morning and I hope you had a great weekend.

A good start to the week for those of you looking to sell Sterling and buy another foreign currency in the near future as Sterling is up accross the board.

The Pound has made gains against all major currencies in early morning trading as the Rightmove house price data came out much better than predicted.

At the time of writing this post Sterling had gained at least 0.40% against a basket of major currencies or a saving of at least £400 on each £100,000 you transfer.

With numerous important releases due over the course of the week investors will be keeping a keen eye on market movements and I personally think this could be the Start of the Sterling fightback although it may well dip a few times along the way.

Tuesday sees key inflation data, the Bank of Englan minutes are due on Wednesday and the European central bank monthly report on Thursday. The week is rounded off with U.K retail sales on Friday which may lead to a volatile finish.

This is a brief summary of todays report for further information feel free to Email Me - Or click on the banner below to see today's full market report Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Further Sterling strength against the Euro Following Concerns regarding Greece and the Eurozone as a whole

2010-01-15T04:45:00.000-08:00

Sterling has continued a fine end to the week following growing concerns regarding the economy in Greece and the effects it may have on the Eurozone as a whole.

The Pound rallied against the Euro and a basket of major currencies in early morning trading and at the time of writing this Sterling/Euro was at a four month high - A welcome change in luck for those with upcoming property purchases.

European Central Bank President Jean-Claude Trichet said on Friday Greece had much work ahead to resolve its fiscal issues, after highlighting the fiscal challenges to a number of euro zone countries at a news conference the previous day.

This may well limit upside movement for the Euro in the short term so could create some excellent buying opportunities over the coming weeks, that paired with the huge drop in property prices overseas all means investors and people due to emigrate win both ways at present.

This is a brief summary of todays report for further information feel free to Email Me - Or click on the banner below to see today's full market report Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Sterling strength following better than expected industrial production and GDP estimate from NIESR - welcome news for those with upcoming purchases!

2010-01-13T08:24:00.001-08:00

Sterling has had an extremely positive day on the currency markets today gaining nearly 1% against the Euro, 0.76% against the Dollar, 0.50% against the Australian Dollar and 0.77% against the New Zealand Dollar.

This is all down to two factors - firstly, Industrial Production figures came out a little better than expected leading to minor strength in the morning.

Secondly, The NIESR (National Institute of Economic and Social Research) released their revised GDP figures and indicated that they now believe that the economy grew by 0.30% in the last quarter.

With the GDP figures due at the end of the month expected to confirm we are officially out of a recession all eyes are on any information surrounding this data and the Pound has strengthened healthily off the back of this data.

Tommorow brings the ECB (European Central Bank) interest rate decision at 12:45pm and although no major changes to rates are expected investors will be eagerly anticipating what is said by head of the ECB (Jean Claude Trichet) in his speech afterwards regarding future economic policies.

This is a brief summary of todays report for further information feel free to Email Me - Or click on the banner below to see today's full market report Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Stable start to the week for Sterling against most major currencies vs EUR SEK USD AUD NZD CAD THB and more

2010-01-12T01:09:00.000-08:00

Sterling has started off the week reasonably quietly however expect much more volatility during the course of today's trading.

A couple of releases of note are firstly the retail sales figures that came out this morning which came out pretty much exactly as expected at 4.2%.

House price balance data is also due out over the course of the day and the U.K could really do with the housing market to assist in pulling us out of a recession.

Personally, I believe over the next decade and onwards the U.K will become a little more European when it comes to home ownership/renting and many more of the younger generation will decide to rent which could push housing demands down and therefore prices down with it.

On the markets today we see a flurry of data for the U.S with Trade balance figures and the Fed's Beige book released later, this is a key indication as to how the U.S economy is fairing and could lead to Dollar volatility.

Also today we have seen Australian home loans down by 5.6% in November leading to Australian Dollar weakness.

This is a brief summary of todays report for further information feel free to Email Me - Or click on the banner below to see today's full market report Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Sterling strength in early morning trading GBP vs EUR USD SEK CHF CAD AUD NZD

2010-01-08T00:59:00.001-08:00

Sterling has gained ground against a basket of major currencies in early morning trading following much better than expected inflationary data for the U.K and slightly worse than expected unemployment data in the Eurozone.

Whether or not we will see this improvement throughout the afternoon is yet to be seen however it is a welcome spike for the Pound.

This is a brief summary of todays report for further information feel free to Email Me - Or click on the banner below to see today's full market report Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Sterling report and forecast GBP January 7th 2009 against EUR USD AUD SEK NOK NZD CHF and more

2010-01-07T01:07:00.000-08:00

Yesterday saw Sterling take a tumble once again as one of the four factors of the currency compass – Political certainty took a huge turn for the worse.

Two Ex Cabinet ministers – Patricia Hewitt and Geoff Hoon have come out and called for a secret ballot on Gordon Browns leadership merely months before the general election is to be held. Although at first sight it appears that the request has very little support, it is still a telltale sign that the party is clearly divided and starts off an interesting 2010 politically with a bang.

The factors that affect the strength of a currency ( sometimes also known as the Ellis currency compass are Economic stability, Political certainty, Acts of terror and Acts of god.

Although there is clearly little one can predict about the latter two appearing the first two points are always key, and if you look at the U.K economically coupled with the latest twist in the labour Government it does not paint a pretty picture for the Pound in the short term.

Broken and now frozen Britain!

The whole of Britain got hit with a major freeze yesterday alongside a huge amount of snow causing chaos on the roads and indeed closing many businesses.

Should this poor weather continue it may have an effect on the future strength of Sterling for a number of reasons – Retail sales rely heavily on the weather and with not only consumers unable to hit the stores but also some stores not even opening it could put a major dent in figures for January.

Alongside this thousands of businesses have had to close as staff simply cannot make it to work, slowing down production and costing the British economy Billions of Pounds.

Should you be stuck inside over this period why not take a look at your finances and make that currency purchase you just have not had time to get round to lately.

Here at FCD so far our trading lines have been open from 08.30am until 18:00pm to continue to assist you with your currency needs come rain or shine. Call us now on 0800 328 5884 should you wish to discuss any upcoming requirement, and one of our bright and friendly traders will be happy to assist you.

Breaking news yesterday evening & overnight

Yesterday evening saw the release of the FOMC minutes over in the U.S and comments made by the Fed confirmed they are worried about sluggish job growth and the recovery will be slow, usually one would expect Dollar weakness but this morning we have actually seen the opposite, proof there if still confidence in the Dollar.

We also saw the release of Trade balance and retail sales figures for Australia which came out slightly better than expected and has led to early morning gains for the Australian Dollar.

Today’s Data

Today promises to be an interesting day on the markets most notably with the Bank of England interest rate decision at 12:00pm and you should certainly speak to your account manager here at Foreign Currency Direct about the effects it may have on your particular purchase:

10:00am – European Retail Sales – This data may cause volatility for the Euro should it come out any different than the 0.1% increase expected.

12:00pm – Bank of England interest rate decision – No changes to interest rates are expected and this should be a low key decision however as regular readers must be aware the Bank of England do like to surprise us and any mention of future interest rate movements, economic policies or quantitative easing may cause large market movements.

This is a brief summary of todays report for further information feel free to Email Me - Or click on the banner below to see today's full market report Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Snow joke for Britain as the big freeze starts! GBP could potentially take a hit!

2010-01-06T01:42:00.000-08:00

Britain has been hit by lots of snow and freezing cold temperatures - unlike many other countries this mean we have pretty much ground to a halt!

This could lead to Sterling weakness in the near future as retail sales figures are heavily reliant on weather alongside businesses losing £millions due to staff not turning up and operations not running as normal so be aware upcoming data for the U.K from January (usually released in February) may now be poorer.

Tuesday’s trading continued a poor start to the new year for the struggling pound. Sterling dropped against all major currencies for the second day running after peaking between Christmas and new year. Sterling fell on the back of weak economic data, coupled with some market jitters as the election campaign gets under way, and the spotlight comes back on the UK’s level of debt.

Morning data for the UK showed that British Construction activity contracted for the 22nd consecutive month, supporting concerns that the UK recovery is lagging behind that of other major world economies, in particular the US and Euro-zone. Construction PMI figures rose to 47.1 from 47 last month, but were somewhat short of analyst’s predictions of an increase to 47.8 causing the pound to drop in the morning session.

Election Campaign Begins…

As the various parties begin campaigning for a ruling position in the UK, concern is building in the currency markets about how the UK will tackle its ballooning deficit over the coming years. I personally feel that this year’s election could cause more volatility in the currency markets than previous years due to the importance of cutting the UK’s debt level, particularly from a Sterling point of view as this has been the main factor weighing on its value over previous months.

The biggest fear for investors is the potential risk of a hung parliament, the outcome where no single party commands an overall majority. Analysts believe that an outcome of this sort would make it incredibly difficult for the government to carry through the necessary measures to successfully reduce the level of debt.

"Sterling did sell off after the construction data, but it's largely the political backdrop that is the focus at the moment," said Christian Lawrence, FX strategist at RBC Capital Markets

The general election has to be held by June and I expect a rocky ride for the pound during this time.

Retail Recovery?

After UK Retail Sales dropped in November, John Lewis have given hope to an improvement in the month of December after reporting record sales for the Christmas season. Revenue in stores breached £500m in the 5 weeks leading to January, a 12.7% increase on figures from last year. Clearance sales were pinpointed as the main driver for this performance as companies looked to end 2009 on a high. Sister company Waitrose also reported a notable increase on last year. Retail sales can be fragile however and one major factor likely to influence figures in December and indeed January is the deepening winter conditions which will directly affect individuals and businesses alike as the snowy conditions restrict transport options. You will be pleased to hear however that whatever the weather, FCD will be here on hand all opening hours to be of assistance!

The Rest of the week….

After a quiet start to the week on the data front, the rest of the week holds a few more key releases to watch out for. The main event for the UK is the interest decision on Thursday from the BoE. Expectation is for both the rates and QE policy to be held, however rumours of an extension to the programme have been increasing and a surprise announcement could be damaging to Sterling exchange rates. Anyone with a USD interest should keep an eye on the FOMC (Federal Open Market Committee) minutes tonight at 7pm and Non-farm payroll and unemployment rate on Friday afternoon. If future interest rate hikes are talked up in the minutes we could see the USD continue its run on the pound even further. For those with a Euro interest Retail Sales figures on Thursday and GDP and Unemployment figures on Friday could be key for the Euro. As ever these data releases are likely to offer some opportunities to both buy or sell foreign currency if timed right.

Here at FCD we aim to be your eyes and ears on the markets and so long as you make your account manager aware of your requirements, we can keep you informed of any favourable spikes to help maximise your transfer. If you account is not already up and running then you can activate one free of charge with no obligation here

This is a brief summary of todays report for further information feel free to Email Me - Or click on the banner below to see today's full market report Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Blog back up and running!

2010-01-05T03:00:00.000-08:00

To my regular readers:

I have recently been out of the country in Stockholm therefore i'm afraid as you are probably aware the daily updates had ceased over the Christmas period.

I plan to have these up and running again as of tommorow morning once I have caught up and look forward to assisting you all throughout 2010.

I hope you all had a great Christmas and new year!

This is a brief summary of todays report for further information feel free to Email Me - Or click on the banner below to see today's full market report Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Sterling Euro Rally as Greece problems come to light - how many more economies in the Eurozone are in the same situation???

2009-12-15T00:46:00.001-08:00

Sterling has had a great day against the Euro in early morning trading mainly due to problems in Greece looking like a major concern for investors and it poses the question - With Greece first to step forward and announce such problems who will be next and how many other economies in Europe may also be facing the same problems??

Greece's trade deficit is currently around 12% and they need to have this down to 3% in keeping with Euro Zone requirements.

Italy and Spain may well be next looking at recent figures which may well lead to further Euro weakness.

So far this morning we have seen inflationary data for the U.K all come out slightly higher than expected alongside some minor house price data also better than expected.

The way to conquer high inflation is to raise interest rates and an interest rate hike is generally seen as positive for the currency directly linked with that economy so with the markets moving on rumour as well as fact this may lead to further Sterling strength.

This is a brief summary of todays report for further information feel free to Email Me - Or click on the banner below to see today's full market report Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Sterling report and forecast December - GBP AUD USD EUR CHF currency information

2009-12-13T13:48:00.000-08:00

Sterling report and forecast 14th December 2009 - Daniel Wright (Associate Director)

This report is written for current and potential clients of Foreign Currency direct to provide important information on Sterling and a basket of major currencies recent movements alongside providing vital information on upcoming data releases that may effect the cost of sending money overseas or bringing money back.

Friday’s movements
GBP-EUR 0.73% GBP-USD (0.39%) GBP-AUD 0.40% GBP-NZD 0.21% GBP-CHF 0.39%

Sterling Report

The Pound made considerable gains against a most major currencies in Friday afternoons trading bringing some of the best exchange rates of the week. The most notable of moves being against the Euro where gains of over half a percent were seen in the final hours of trading.

This was mainly down to one of the largest credit ratings agencies in the world announcing that the U.K and the States top AAA rating was under no immediate threat which instantly bought more confidence to Sterling and the Dollar.

Moody’s Investors Service also said that indeed the earliest they could see a change being made to the rating would be 2013 and even then that would be a worst case scenario.

Sterling failed to make any ground against the Dollar following slightly better than expected data in the U.S coming out on Friday and in general the Pound would have gained more against a basket of currencies however Alistair Darling’s Pre budget report was still holding it back as it is widely thought that he is not doing enough to tackle the U.K’s ballooning deficit.

"Poor sterling fundamentals and the fact that the dollar is on a bit of a bounce is seeing sterling/dollar on the downside," said Michael Hewson, analyst at CMC Markets.

"Moody's has said the UK is in no imminent danger of a ratings downgrade, but this does not change the fundamentals and the fact that no meaningful steps are likely to be taken, at least for the next six months," he said.

These movements really do once again prove why that if you do have a transfer to make it is imperative to have a free, no obligation trading facility open here at Foreign Currency Direct which can be opened in just two minutes by clicking here. Once open you will be allocated a personal account manager who can contact you to inform you of movements throughout the day should you wish. Catching the Euro rate yesterday afternoon during the spike could of gained you over €350 on a £50,000 purchase.
Sterling forecast - the days ahead

Today - Following the Rightmove house price data released this morning there are only three releases of note today starting with Swiss inflation data at 08:15am which could cause volatility for the Swiss franc, this is followed at 10:00am by some European employment change and industrial production figures - any change to the expected figures could set the scene for the day for the Euro so be sure to keep a close eye on this one and be prepared to act fast if you have a trade to carry out.

Tuesday - One for the early birds sees the Reserve Bank of Australia release their minutes and following three consecutive rate hikes they may indicate how likely it is to see a fourth, anyone with Australian Dollars to buy or sell may want to lock into a rate today or put in a stop loss and limit order to avoid waking up to your money being worth a lot less than it was before you went to bed.

Also due over the course of Tuesday is production data for Switzerland at 08:15am, a flurry of inflationary data for the U.K at 09:30am, German ZEW sentiment data at 10:00am and inflationary/production data for the States at 13:30pm and 14:15pm respectively.

This promises to be a busy day on the markets and some great buying and selling opportunites may pop up during the day so inform us of your requirements and let us watch the markets for you - If there is a specific rate you are looking for there are many tools available to assist with your needs, call 0800 328 5884 now for further information on how these work.

Wednesday - Another extremely important overnight release from Australia which could once again bring large market movements in the early hours is the Gross Domestic Product data due at 00:30am. Expectations are for 0.6% growth in the last quarter and any change to this is bound to cause AUD movement.

The rest of the day brings a large amount of unemployment data for the U.K at 09:30am which could lead to high volatility dependant on what comes out, further inflationary data for the Eurozone and U.S at 10:00am and 13:30pm leading up to the Federal reserve interest rate decision at 19:15pm.

No change in rates is expected however be aware of any mention of future economic policies which may have an affect on the Dollar.

Just why have over 31,000 individual clients chosen to trade billions with us here at FCD??

At FCD we pride ourselves on fantastic rates of exchange alongside great customer service…. we have indeed won awards for both! Click here to see our video by the national business awards which gives a great insight into how we work and operate. Just being kept up to date and made aware of market movements during these volatile times can save you thousands, so don’t hesitate either open a free trading facility here or call 0800 328 5884 and see for yourself.

This is a brief summary of todays report for further information feel free to Email Me - Or click on the banner below to see today's full market report Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Exchange rates volatile during pre budget report - GBP movements against USD EUR CHF CAD AUD NZD SEK NOK DKK AED ZAR & More

2009-12-10T00:33:00.000-08:00

Sterling had a really rocky day on the markets yesterday as Alistair Darling announced his pre budget report.

At first, we saw Sterling strength as no windfall tax on bank profits was announced which led to Sterling gaining early ground against a basket of major currencies.

As always throughout 2009 Sterling took one step forward followed by rapidly taking two steps back later on in the report - this appeared to be down to announcements that National Insurance contributions will rise in April 2011, VAT as we all know will revert back to 17.5% in January 2010 and also that bankers bonuses will be subject to a 50% tax levy should they be over £25,000.

By the end of the report red screens were seen in the office meaning Sterling had weakened against the vast majority of currencies, this just goes to show that by having a personal account manager that can keep you up to date with market movements you can save a lot of money on any transactions you are looking to do - for example if you were buying £100,000 of Euros yesterday - catching the rate at the right time would have achieved you around €1000 more - certainly worth taking seriously!!

By contacting me I can ensure you are kept up to date with rate movements and you can secure an exchange rate with just one phone call - very handy for those with a busy life.

Also today - The Bank of England interest rate decision due at 12:00pm - no rate change is expected but be aware of any potential announcements regarding quantitative easing or bank lending rates - this could cause a lot of volatility.

This is a brief summary of todays report for further information feel free to Email Me - Or click on the banner below to see today's full market report Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Sterling movements ahead of pre budget report - Exchange rate against dollar euro swiss franc swedish krona south african rand

2009-12-09T02:08:00.000-08:00

Sterling has had a mixed start to the day with consumer confidence coming out slightly better than expected and trade balance figures a little worse

Upon entering the office Sterling had lost ground against a basket of major currencies however we have recently seena fightback over the past hour or so.

All eyes will now be eagerly awaiting the pre budget speech and what Alistair darling has to say - following the pattern of 2009 pretty much every time Mr Darling speaks Sterling tends to tumble so will things be different today????

I believe we should know more by lunchtime so check back later for information on what was said and any rate movements that have resulted from them.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Sterling exchange rate news currency information for upcoming transfers overseas - buy or sell euro dollar Swedish kroner Swiss Franc, Yen Rand

2009-12-08T02:40:00.000-08:00

Sterling has taken a tumble in early morning trading due to much worse than expected industrial and manufacturing production, alongside worse than expected house price data.

At the time of writing this post Sterling has slipped 0.47% against the Euro, 0.34% against the Dollar, 0.46% against the Australian Dollar, 0.72% against the New Zealand Dollar, 0.54% against the Rand and 0.43% against the Swedish Krona.

This is all down to data coming out worse than expected as mentioned above and is not great news for the Pound however there is plenty more data out during the week that may affect the cost of any upcoming transfers.

The rest of the day is reasonably quieet unless any unexpected announcements come out that hint at potential QE (Quantitative Easing) decisions at the Bank of England interest rate decision due out on Thursday - should they mention further QE we could see Sterling lose ground and should they mention that it could come to an end then we could see Sterling strength.

Alongside this we have consumer confidence due out overnight and the pre budget speech and trade balance figures tommorow so it is imperative that you keep a close eye on the market to maximise your transfer.

If you do not have time to then contact me and I will happily do it for you to the best of my ability.

HIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Sterling report and forecast - the week ahead assistance with exchange rates Early Monday monring losses for the Pound

2009-12-07T00:37:00.000-08:00

Sterling has started off the week losing ground against a basket of major currencies - most notably already losing 0.76% against the Dollar at the time of writing this post - this could still be off the back of much better than expected unemployment data accross the pond on Friday.

As always an interesting start to the week is expected on the markets for Sterling with a number of key releases not only for the U.K but also releases from overseas that may strengthen other currencies against the Pound - releases of note from now until Wednesday are as follows:

13:00pm Today - Trichets Speech.. Head of the European Central Bank Jean Claude Trichet will discuss current and future economic policies, any hint of future plans may cause volatility for the Euro.

17:00pm Today - Fed chairman Bernanke Speech.. As above any hint of future policies may lead to Dollar volatility.

Tuesday

09:30 - The industrial and manufacturing production data is released for the U.K - any changes to expectations could lead to minor movements for the Pound - major differences could lead to larger movements.

14:00pm - Bank of Canada interest rate decision - At present the interest rate in Canada is sat at 0.25% - no change to this figure is expected however investors will be looking out for any hints as to what the BOC are planning to do going forward.

23:30pm - Westpac Consumer Confidence for Australia - This data effectively gives an overview as to the general confidence of people in Australia - a positive reading should lead to AUD strength and also negative should lead to weakness.

Wednesday

A lot of data is out on Wednesday inclusive os Alistair darilg's pre budget report - the most important releases in my opinion are as follows:

00:01pm U.K Consumer confidence - As with the Australian release on Tuesday the consumer confidence for the U.K comes out - any reading higher than expected should lead to Sterling strength and lower potentially will bring weakness.

00:30 Trade balance - Australia.. This release shows the total amount of imports and exports for Australia and again could be a key market mover in the early hours of wednesday.

06:45 - Swiss Unemployment data - Another one for the early birds amoung us is the Swiss unemployment figures due at 06:45am - expected is a level of 4% and any change to this could bring movements for the CHF

07:00am - German CPI data - Key inflation data for Germany also comes out on Wednesday morning, with Germany seen as the largest economy in the Eurozone this can bring volatility to the Euro.

09:30 - Trade balance - U.K - As with the Autralian release above this can bring large market movements.

20:00pm RBNZ Interest rate decision - The reserve Bank of New Zealand release their interest rate decision - no change to rates is expeceted but should they hike as Australia have done of late one would expect serious NZD strength.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Dollar and Sterling strength following unemployment data - Euro loses ground

2009-12-04T06:10:00.000-08:00

The Dollar and Sterling have had a fine day on the markets following a flurry of key unemployment data released at lunchtime today.

The unemployment data came out better than expected and off the back of this the Dollar has rallied accordingly alongside Sterling also gaining strength due to people now moving funds into sterling.

A well known saying on the currency markets is that 'when America sneezes the U.K catches a cold' so our economy tends to follow shortly behind theirs and as they appear to be moving int the right direction following these results it gives investors a bit more confidence in the Pound again.

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Sterling movements today - unemployment data for U.S could bring big movements for the Dollar - so far strength against EUR SEK CAD ZAR AUD NZD & More

2009-12-04T01:45:00.000-08:00

Sterling has started the day off gaining ground against a basket of major currencies - this may be due to investors once again being more willing to invest in the so called 'riskier' pound leading to gains accross the board.

Today is reasonably thin on the ground data wise for the U.K however we do have Non farm payrolls employment data for the U.S which can cause huge volatility some months as expectations can be majorly different to expectations from time to time.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Reasons to use me instead of a bank - buy or sell foreign currency, best exchange rates, forecast, forward contracts, stop and limit orders

2009-12-03T03:19:00.000-08:00

For anyone looking at this blog on a regular basis I thought it would be best to outline a few reasons why personal and business clients use me instead of their bank.

1) They receive a personal and friendly service from someone that deals with currency exchange and money transfers every single day.

How many times have you contacted the bank and been passed around departments only to get someone that deals with one or two currency transfers a day on top of the other 20 things they deal with for the bank??

I pride myself on speaking to every client personally, the phone number at the top of this blog brings you stright through to me so you do not have to sit listening to greensleeves for half an hour before you get to speak to someone.

I have been trading the markets for a number of years now and although I cannot advise I can offer my personal opinion based on market knowledge and expertise.

2) They can receive a better exchange rate therefore their currency costs less or achieves them more.

Here at Foreign Currency Direct we offer commercial rates of exchange and can save clients thousands over using their banks - on just a £10,000 transfer every 1% you can save is an extra £100 in YOUR POCKET.

We have been awarded 'best exchange rates' for the past three years running- Published in the Sunday Times which include most major brokers and high street banks.

3) Tools to maximise your purchase

There are a number of tools available to assist you with your purchase including the following:

Forward contracts (booking out a rate up to two years in advance)

Stop & Limit orders

Please ask me for further information.

4) IPD

We also provide an internationally recognised proof of transfer that confirms the exact amount sent, date due and all the relavent details of your transaction - good for peace of mind when sending money overseas.

These are just a couple of reasons why you should use us and there are many, many more - please contact me for further details.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Sterling Euro could see large movements today with GDP and Interest rate decisions for the Eurozone also unemployment data for the U.S

2009-12-03T00:20:00.000-08:00

Today looks to be important and will be a key indication as to what December may bring for Sterling,Euro and the U.S Dollar - Alongside a host of other currencies that are linked for example the AED - directly pegged to the U.S Dollar at 3.6725.

The Eurozone has two of the most important releases today firstly with the revised GDP (Gross Domestic Product) data this morning - Any figure different than expected could lead to volatility.

At 12.45 the Eurozone also release their interest rate decision followed by a speech by head of the ECB Jean Claude Trichet. No change in interest rates is expected however any comments in the speecxh after or mention of upcoming economic policies may bring market movements.

The U.S release some unemployment data later on this afternoon which will also be a key one to look out for.

Should you require information on expectations for these releases and the effects they may have do not hesitate to get in touch.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Dollar weakness - Minor Sterling strength - Commodity prices play their part on a basket of major currencies too need to buy or sell currency?

2009-12-02T00:58:00.000-08:00

The Dollar weakened over yesterdays trading for a number of reasons, firstly following the dust settling oover the Dubai situation (I am sure it won't be long before it comes back again with a vengance) investors are now once again willing to pump their money into perceived riskier currencies instead of leaving it in the safer haven of the Dollar in order to get higher returns.

When things are looking shaky in the world economy investors do generally tend to shift funds to Dollars or indeed into gold - hence the fact that we have seen a huge increase in gold prices this year, when things settle slightly then as mentioned the funds get pulled out of the Dollar and Gold (priced in Dollars) potentially leading to Dollar weakness.

Oil prices are also particuarly high at present, and with the U.S being a net consumer of oil (they buy more than they produce) this pushes prices up in the states as a whole potentially weakening the Dollar again hence the movements we saw yesterday.

This is good news however for Countries/economies such as Canada, Australia and South Africa who have huge mining interests so in turn this should strengthen these currencies so anyone holding out for GBP/AUD or GBP/ZAR rates to improve may want to reconsider - especailly with Australia proving they are holding strong and increasing interest rates for a third month running on Tuesday.

Todays data due out is Producer Price Index for the Eurozone at 10:00am - expected is a rise of 0.1% month on month for Octover - any change may lead to volatility.

This lunchtime onwards we see data out for the U.S so keep your eyes peeled for Dollar movements throughout the afternoon.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Sterling has a mixed start to the day - strength against the Euro, Swiss Franc and Dollar AED - Losses against AUD NZD CAD & ZAR

2009-12-01T01:12:00.000-08:00

This morning has seen a mixed start to the month for Sterling - In early morning trading the Pound has made losses against the Australian Dollar, New Zealand Dollar & South African Rand whilst making gains against the Euro and Dollar.

The losses may be down to carry trading as it merely seems to be the Antipdean currencies that have gained strength against the Pound.

The gains by the Australian Dollar will have been mainly down to the interest rates over there being increased by 0.25% very early this morning (the third monthly increase in a row).

When an economy raises interest rates it generally has a positive effect on the currency concerned as investors look to shift their funds to higher yielding currencies to get a better return for their money.

There is now concern that the Pound may have a poor December - i'm not 100% convinced however there are worrying signs slowly creeping in again so we could easily see another dip before things start to pick up again.

I personally believe that the early part of next year is when the Pound will start to gain ground as it is currently clearly undervalued in my opinion. Once we are confirmed as out of a recession and data releases/confidence starts to come back into the U.K I think things will serioyusly pick up speed again - providing our banks have not invested too heavily in Dubai!!!

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Sterling weakness following poor consumer confidence - steady against Dollar, losses against AUD NZD EUR CAD CHF ZAR and more Forecast for week ahead

2009-11-30T01:29:00.000-08:00

This report will give a general outlook as to what is expected for Sterling and numerous other currencies in the week ahead and December 2009.

Sterling has once again kept to the tradition of 2009 of taking "one step forward and two steps back" as consumer confidence figures released this morning came out worse than expected.

Also, mortgage approvals were worse than expected and both sets of data have led to a drop for Sterling against a basket of major currencies with the only one we are holding steady against being the USD.

Last week the Pound stayed reasonably stable until GDP figures came out and it just seems that a flurry of poor data seems to be creeping back in for the U.K which is poor timing coming into December.

EUROZONE

The week ahead sees Euro Zone data released on Tuesday with unemployment levels coming out and also the key interest rate decision on Thursday - no change in rates is expected however any comments on future economic policies could cause volatility.

USA & CANADA

The big one for the Dollar this week is Non Farm payrolls and general unemployment data on Friday - this data can come out quite a bit differant than predicted so can cause huge volatility.

In Canada we see GDP data released which again may lead to big movements.

AUSTRALIAN DOLLAR AND SWISS FRANC

Australia release their interest rate decision on Tuesday extremely early in the morning - expected is a minor increase - the third in a row which once again could lead to AUD strength so be aware if you have upcoming AUD transactions.

Tuesday morning also sees the Swiss GDP figures released so once again be extremely aware should this come out better than expected.

In short, a very rocky period ahead for Sterling against all major currencies - personally I feel Sterling may lose ground against the vast majority in the coming weeks as other economies are releasing much better data than ourselves - however the markets have been known to surprise us all year so keep checking back for further information!!!

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Dubai world and U.K bank ties lead to Sterling weakness over past 24 hours

2009-11-27T05:48:00.000-08:00

The FTSE 100 tumbled 3 percent yesterday, this follows news that the investment company Dubai World has asked its creditors for an extension to repay its debts, which amount to £35Billion until 2010; for those readers who don’t know Dubai World is an investment company that manages and supervises a vast number of businesses and projects for the Dubai Government.

Dubai world is seen as a key element in the rapid expansion of Dubai’s economy and some analysts have speculated that this will expose the British banks to the debt problems in Dubai. Although this exposure has yet to be confirmed the potential risk involved has impacted Sterling. Dominique Strauss-Khan the managing general of the International Monetary Fund stated that ‘global banks had only worked their way through half of their toxic assets since the break of the banking crisis’ and Gavin Friend, currency strategist at nabCapital said sterling had been "disproportionately hit" by the shock debt request from Dubai.

This has hit the Pound as many U.K banks may well be involved in this potential nightmare so if you do have an upcoming request any future announcements could lead to further losses.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Sterling weakness in early morning trading - losses against USD EUR JPY DKK CHF CAD small gains against SEK ZAR AUD NZD buy sell

2009-11-26T00:32:00.000-08:00

This morning has seen Sterling lose ground against a basket of major currencies and also gained ground against the antipodean currecnies.... potentially down to carry trading which has once again become a major factor in the markets.

There is no major underlying factor I can see at present as to why the Pound has lost ground in general although the dust still may be settling from the GDP figures yesterday. Although they were not too bad and came out exactly as expected some investors may have gambled on figures coming out even better hence the losses.

Also, the news that big banks will have to declare how many of their U.K employees are earning over £1million - I personally think this is a stupid measure as it may eventually push financial institutions away from the U.K which in turn would not assist the economy at all........... We now have to rely on our financial sector and indeed the banks to make the U.K money as slowly but surely our manufacturing sector grinds to a halt and we no longer made anything!!

Today is thin on the ground data wise with nothing out for the U.K - although surprises do pop up all the time so it is always imperative you have someone watching the market so that you don't have to.

If you do have an upcoming transfer then feel free to contact me to discuss your options inclusive of forward contracts, stop and limit orders.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Banks win court case over charges GBP stays steady pound sterling forecast and reports daily here at Currency Information

2009-11-25T03:16:00.000-08:00

The long awaited court case between the banks and the public finally came to a conclusion today and the result came out in favour of the banks.

The court decided to overturn their original decision that would allow the Office of Fait Trading to look into just how fair the charges were.

This could lead to an estimated £2.6Billion of annual income being kept for the banks and a lot of bank customers feeling extremely aggrieved.

No major market movements have been seen following the decision but in my opinion had this gone the other way it could have been absolutely terrible for the banking sector in the U.K and may have not instantly moved the markets but would of bought further problems down the line so this is good news for those with upcoming transfers for Sterling to another currency.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

U.K GDP Figures as expected - Sterling weakness against a host of major currencies - news on GBP EUR USD AUD CAD CHF NZD SEK PLN

2009-11-25T01:33:00.001-08:00

A quick update on the GDP figures for the U.K - They came out exactly as expected however investors may had been gambling on figures being slightly better than expected - Once again proof the markets move on rumour as well as fact as the Pound has indeed dropped away ever so slightly following this information.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Minor Sterling strength ahead of key GDP data - Pound gains against JPY CAD DKK CHF THB HKD USD EUR - Still minor losses against AUD NZD ZAR

2009-11-25T00:02:00.000-08:00

Sterling has made minor gains against a basket of major currencies in early morning trading as investors heads turn towards key GDP (Gross Domestic Product) data whereby the figures released last month of a contraction of -0.4% are set to be revised to -0.3%.

The release is due out at 09:30am and should figures come out any worse or better than expected we could see major market movements for Sterling against every major currency.

There is big news due out today for the U.K regarding banking charges and with over 1million people seeking to claim these back this could lead to major concerns once again for the banking sector.

Should the public win the court battle this could lead to huge changes in the way our bank accounts are run in the U.K, we could see monthly charges just to have an account, charges to withdraw from ATM's and basically charges for everything in the banks bid to recover their money - personally I can't see this being too positive for the Pound.

Elsewhere, South Africa are now officially out of a recession in news announced yesterday so good news for the Rand, yet another economy to have come out before the U.K!

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

U.K Mortgage approvals slighty worse than expected - Business investment slightly better in early morning data Sterling forecast and report

2009-11-24T02:06:00.000-08:00

Just a brief update on market movements this morning following the report earlier on - U.K mortgage approvals came out slightly worse than expected and business investment slightly better.

The two are not major market movers unless they are hugely different to predicitons however in ealry morning trading Sterling has lost ground against most major currencies.

Mervyn King is also speaking at present and we all know what generally tends to happen we he speaks..... Sterling weakness!

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

Sterling report and forecast - exchange rate information for the Pound against Euro, Dollar, Swiss Franc, Australian & New Zealand Dollar and ZAR

2009-11-24T00:00:00.000-08:00

Sterling report – Trading yesterday

Yesterday bought a relatively quiet day for the markets in stark contrast to what we have seen of late, with the high-low point of the day between Sterling and Euro being no more than 0.60% different and Sterling - Dollar experiencing no more than a 0.70% change -certainly different to what we have been used to throughout 2009 and important for those looking to exchange currency.

The losses Sterling made against many major currencies appear to be down to the potential of a hung parliament. A hung parliament is a situation whereby no particular political party has an outright majority which leads to periods of uncertainty on fiscal policies and many other factors including economic approach.

Political certainty is one of the four points of the currency compass which also includes economic stability, acts of terror and acts of god – all four of these effect the value of a currency and looking at the economic situation in the U.K over other economies alongside this matter Sterling may start to lose ground in the lead up the Christmas again this year.

Many investors will be eagerly awaiting the release of revised GDP figures tomorrow as mentioned in yesterday’s report, the revision is set to show a minor improvement and any change to this could bring major Sterling volatility.

The pattern over the past few months for the Pound has been taking two steps forward then dropping three steps back as I’m sure many of you are aware, so if you do have an upcoming currency requirement it may be prudent to take advantage of current rates before Sterling even has the chance to drop away again.

Busy day ahead for the Pound, Euro, Dollar and Swiss Franc

Today promises to be very interesting day on the markets, particularly for those of you with upcoming transfers to make that are keeping a keen eye on the current exchange rates.

Earlier this morning saw the release of GDP data for Germany at 07:00am, which came out exactly as expected so no major market movements have been seen off the back of this.

The rest of today is key so if you have any upcoming transfer involving any of the currencies mentioned then you should call your account manager here to discuss what effect the following data may have on your transfer.

At 09:00 we see Swiss unemployment data released so the CHF may well move off the back of this and then the U.K release mortgage approvals at 09:30am - A key indicator as to how the housing market in the U.K is fairing and this can have a large impact on the value of Sterling.

At 13:30pm the U.S take their turn and release their revised GDP figures in what is a huge day for the Dollar.... not only do they release GDP but on top of this we see Consumer confidence and housing price data at 15:00pm followed by the FOMC minutes from the previous interest rate decision at 19:00pm.

This could lead to large movements so if you do have an upcoming USD transaction whether it be buying or selling it is imperative you are in close contact with someone that can inform you of what is happening throughout the day.

Mervyn King and others also address a treasury committee today and traders eyes will be looking for indications on future plans as they release their latest inflation report, this could affect Sterling against all major currencies.

AUD, NZD & ZAR exchange rate movements

Many followers of these currencies will have noticed a fair bit of movement of late which I can personally place down to carry trading – carry trading is where an investor borrows money from a currency with a low interest rate (GBP, JPY) and invests it in one with a much higher interest rate (AUD, NZD, ZAR) therefore making their money on the return from the higher yielding currency

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

Currency Information - The week ahead for GBP USD AUD NZD CHF and many others forecast - buying or selling foreign currency important info!

2009-11-23T01:20:00.000-08:00

Good morning readers and I hope you had a great weekend

Once again i'm sure we are in for a turbulent week ahead on the currency markets with most notably some revised GDP figures due out for the U.K on Wednesday.

The next few days important releases are as follows:

Today

13:00pm - ECB Trichet speaks - Head of the European Central Bank Jean Claude Trichet speaks today at 13:00pm and investors will be listening in on any hints given regarding future economic policies, as the markets move on rumour as well as fact this could lead to Euro volatility.

Later in the afternoon there are a couple of releases being retail sales (excluding Autos) for Canada at 13:30pm and New home sales for the U.S at 15:00pm. These could lead to CAD and USD movements if they come out differant than analysts have predicted.

Tuesday

Tuesday looks like a busy day with consistant important releases coming out throughout the day.

07:00am One for the early birds on Tuesday as germany release their GDP figures (Gross Domestic Product) for the last quarter. Expected is growth of 0.7% which considering the last release for the U.K was -0.4% just goes to show that the Germans are a mile ahead of us in this recession.

This may be due to a number of factors, firstly we rely heavily on the financial sector these days and that quite clearly has been hit extremely hard, we also have a tendancy to "get on the housing ladder" as soon as possible over here whereby people are more likely to rent for years and years in Europe.... with all the mortgage problems and people losing their houses it seriously does not help our situation.

The manufacturing sector in germany is also picking up rapidly and they seemingly downed tools at the right time and completely halted manufacturing when things slowed down only to pick up on them again potentially just at the right time.

Expect Euro/Pound movements should the GDP come out any differant than the 0.7% expected.

At 09:00 we see Swiss unemployment data released so the CHF may well move off the back of this and then the U.K release mortgage approvals at 09:30am - A key indicator as to how the housing market in the U.K is fairing and this can have a large impact on the value of Sterling.

At 13:30pm the U.S takes it's turn and releases their revised GDP figures in what is a huge day for the Dollar.... not only do they release GDP but on top of this we see Consumer confidence and housing price data at 15:00pm followed by the FOMC minutes from the previous interest rate decision at 19:00pm - this could lead to large movements so if you do have an upcoming USD transaction whether it be buying or sellnig it is imperative you are in close contact with someone that can inform you of what is hapening throughout the day.

Wednesday

German Inflation data is released in the first seconds of Wednesday at 00:00am and also in the late night activity the RBNZ (Reserve Bank of New Zealand) release their inflation expectations so expect NZD movements off the back of this at 03:00am.

German consumer confidence comes out early at 07:00am and then we see the U.K GDP data as mentioned previously in the report due at 09:30am.

A further flurry of U.S data due out at 13:30pm and 15:00pm with personal consumption and incomes followed by new home sales - expect further Dollar volatility.

Finally on a dta filled start to the week the Japanese Monetary policy meeting is at 23:50pm so keep a close eye on the Yen.

In short - a seriously volatile start to the week ahead and with so many releases due out it is really hard to see where things are going - especially with the Dollar!

I personally thing that Sterling will have a reasonable start to the week and make gains off the back of data previously mentioned in this post and that the Dollar will fair pretty well as well, due to data from the U.S generally being quite good of late.

Do feel free to contact me should you wish to discuss any upcomnig transfers you may have.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

Selling GBP to Buy Euro, Dollar, Australian Dollar, New Zealand Dollar, Swiss Franc or any other major currency Or Buying GBP with foreign currency

2009-11-20T00:33:00.000-08:00

Today is extremely thin on the ground data wise with no data releases of note for any of the major economies - this could lead to market movements being based on confidence and carry trading as opposed to moving off the back of certain data releases.

At present, confidence in the U.K and indeed the Pound is slightly higher than it has been over the second half of the year but still reasonably low compared to other major world economies.

Carry trading is also playing a major part in the markets of late as well - this Particularly effects the Australian Dollar, New Zealand Dollar and South African Rand strength.

Carry trading is where an investor will borrow funds in a currency with a low interest rate (Japanese Yen,Dollar and British Pound) And then invest them in a currency with a much higher interest rate (Australian Dollar, New Zealand Dollar and South African Rand) - The investor then gets a higher return on their funds.

When confidence in the global markets becomes shakey investors tend to unwind their carry trades and pull the funds back into perceived 'safer havens' hence these currency pairings tend to move slightly differently than others from time to time.

For an insight in to what is due out next week and how it may effect any upcoming currency transfers you may have then do feel free to get in touch with me directly on the email or contact number at the top of this page.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

Data reasonably positive for the U.K this morning - Sterling holding stable at present against EUR AUD NZD CAD CHF and many more - minor loss USD

2009-11-19T02:43:00.000-08:00

This morning saw the release of 3 key data releases for the U.K inclusive of Retail sales, Mortgage approvals and money supply.

Every piece of data actually came out slightly better than expected apart from retail sales month on month, which was slightly lower than expected - although you would have expected Sterling to increase slightly off the back of this no major movements have been seen.

No further major releases are expected over the course of the day however be aware the markets have surprised us many times lately, and even as I am writing this Sterling is slipping away again - which shows that confidence in the Pound still seems to keep being knocked back.

It has been a rocky week so far, with great gains in the early part of the week for the Pound followed by losses after the BOE minutes and other factors yesterday, this all just goes to show that catching the rate at the right time is imperative as it can save you hundreds/thousands of Pounds - Just buying €100,000 at the highest point of the week as opposed to the lowest could of made a difference of over £1300.

This is where I can come in - Although I certainly can't guarantee that I will assist you to catch the rate at the right time I can certainly act as a second pair of eyes keeping a close check on exchange rates throughout the day alongside offering you my personal opinion on upcoming data based on market knowledge.

If you have an upcoming transfer to make either enquire by emailing me directly on djw@currencies.co.uk or click the link below to go through to our website and open a free trading facility - remember to mention my name to ensure that I deal with you personally.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

Three way split on QE leads to Sterling weakness

2009-11-18T08:42:00.000-08:00

The Pound has had a terrible day on a trade weighted basis today, mainly due to worries on the Bank of England's future views on quantitative easing alongside other information released in the minutes.

At the time of writing this post Sterling had dropped by 1.12% against the Euro 0.37% against the Dollar and 1.14% against the Swiss Franc to list just a few currencies of note.

Once again if you do have an upcoming transfer to make it may be prudent to seriously consider your options which include a forward contract, stop loss and limit orders - these can be fantastic tools to assist you with maximising your rate.

Do feel free to get in touch with me if you are unsure as to what these are and how they work.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

Pound Sterling makes early morning losses ahead of BOE minutes - All eyes on quantitative easing - GBP EUR USD AUD NZD CHF SEK ZAR

2009-11-18T00:34:00.000-08:00

This morning sees the release of the Bank of England minutes at 09:30am and could have a big impact on the strength of Sterling depending on what is mentioned.

Most investors and analysts will have a keen eye on the mention of any further quantitative easing from the last meeting - should it show that some BOE members were more in favour of further QE last time round then it may well lead to Sterling weakness as the markets move on rumour as well as fact and more money being pumped into the economy is generally seen as negative for the Pound.

On the other side of things - Should it become clear this morning that there was more of a feeling that QE should now come to an end for the time being at least then Sterling may well find some serious strength as this will be seen as really positive news for the U.K and indeed for Sterling.

In other news keep a close eye on the currnt situation with the potential Cadburys takeover - when Kraft pulled out just over a week ago this led to quite sharp Sterling weakness however a couple of new companies are now considering offers in the large U.K company.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

Sterling continues strength ahead of key inflation data - GBP gains on EUR USD AUD NZD CAD CHF SEK and most major currencies

2009-11-17T01:04:00.000-08:00

Sterling continued the reasonable start to the week this mornnig making further gains against a basket of major currencies most notably the Australian Dollar and South African Rand - both with gains of over 1% at the time of writing this post.

Inflation data is due out at 09:30am and could be a big market mover dependant on how the figures come out.

Should inflation come out as being particuarly high this would usually lead to Sterling strength (The way to usually tackle high inflation is to hike interest rates and a hike in interest rates would usually be seen as positive for the currency concerned) however in this instance we are not really in the position to hike interest rates due to the economic conditions over here, so this may well be viewed as negative for the Pound as the Bank of England pretty much have no control over inflation.

The BOE also release their inflation report which may give indications as to just how they will go about tackling things in the short term so expect volatility following this as markets do move on rumour as well as fact.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

Sterling report and forecast - the week ahead currency information for anyone buying or selling foreign currency

2009-11-16T00:37:00.000-08:00

Monday

Today is thin on the ground data wise for the U.K and indeed Sterling however there are a couple of releases of note for the Eurozone and the U.S.A today.

The Eurozone releases inflation data this morning and we are due to see retail sales data out at 13:30pm.

The retail sales are expected to have risen month on month so any change to this could cause high Dollar volatility.

Tuesday

Tuesday morning brings the U.K's turn to release inflationary data with the CPI(Consumer Price Index) and RPI (Retail Price Index) due at 09:30am, once again changes to the expected figures could lead to movements for the Pound. During the course of the day the Bank of England also releases the Inflation letter which details how Mervyn King plans on dealing with inflation in the near future.

The afternoon brings further data from the U.S with inflation and industrial production data at 13:30 and 14:15 respectively.

Wednesday

Wednesday morning sees the release of the Bank of England minutes and could potentially be the biggest market mover of the week for those with a vested interest in the strength of Sterling.

The minutes will outline what was discussed at the last BOE interest rate decision meeting and may give indications as to how the BOE will deal with the ecionomic situation in the future and many investors will be eagerly awaiting the mention of any further Quantitative easing. Should further QE be mentioned we copuld see Sterling weakness and should an indication be given that this program may nopw be halted then Sterling could well gain ground.

Mervyn King (Governor of the BOE) has recently mentioned that they will not rule out further QE so I would expect Sterling to drop slightly during this release, however anything can happen.

Canada and the States also will release inflationary data at 12:00pm and 13:30pm respectively so expect volatility.

Thursday

Thursday is a little quieter with Switzerland releasibng their trade balance figures in early morning trading and the U.K will present their retail sales data at 09:30am - as with most data releases any change to the expected figure of 2.4% should bring market movements.

Friday

In the early hours of Friday morning the Bank of Japan release their interest rate decision... no change is expect but comments soon after may lead to volatility for the Yen, the only other release of note for the day is the German Producer Price Index. This inflation data is another one for the early birds is due at 07:00am.

In short, the week ahead promises to be an interesting one and my personal view at the time of writing this report is that by the end of the week Sterling may have slightly weakened due to QE being mentioned in thje minutes and generally confidence beiong higher in other economies as opposed to ours.

Do feel free to email me with any questions or queries regarding this report or to organise a transfer.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

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Have a great day and thanks for reading!

Daniel Wright

EuroZone out of recession - figures slightly worse than expected Euro weakness

2009-11-13T02:08:00.000-08:00

As expected in my early morning post the Eurozone are now officially out of a recession, however figures came out slightly worse than expected by major analysts leading to minor Euro weakness.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

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Daniel Wright

GDP data due for Eurozone - expect EUR volatility - buying or selling foreign currency?? Contact me for further info on GBP EUR AUD NZD SEK forecast

2009-11-13T00:50:00.000-08:00

This morning at 10:00am sees the release of Eurozone GDP figures which could cause high volatility should they not come out as expected. Analysts are predicting the European economy as a whole to have grown by 0.5% however as many of you are aware analysts predicitons are not always right.

Personally I think the figures will come out worse than expected as there are still a number of economies that are dragging down the rest in Europe... my personal prediction and this is by no means certain to happen is GBP EUR to be in the high 1.12s by the end of the day.

Sterling has been undervalued for some time and even now when geting the odd bad releases still doesn't seem to want to weaken too much.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

Due to buy or sell EUR USD AUD NZD SEK ZAR CHF or one of many other major currencies? Volatile day ahead for Sterling unemployment and inflation data

2009-11-11T00:58:00.000-08:00

The Pound faces a rocky day on the currency markets as a flurry of important data is due to be released this morning, starting off at 09:30 where we see some unemployment data followed by the Bank of England quarterly inflation report and Mervyn King (Governor of the BOE)speaking at 10:30am.

Both should bring volatility - the unemployment could cause movements dependant on whether or not it comes out better or worse than expected and indications on how the BOE plan to battle the economic and inflationary situation over here should lead to movements one way or another.

My personal opinion is that we may see some weakness today, unemployment is a coin toss as to which way things will pan out but I believe it may be slightly worse than expected and Mr King is notorious throughout 2009 for talking the Pound down - my opinion is that Sterling - Euro may finish up the day in the 1.10s however I could easily be wrong and eating my words in 15 minutes time!!

Should you wish to discuss an upcoming transfer no matter how big or small with me personally do feel free to contact me either by emailing djw@currencies.co.uk or calling my direct line 01494 787462 for a friendly and impartial information on how to achieve a great exchange rate.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

Latest Pound Sterling report - Fitch comment on U.K AAA status - adds to Pounds woes Losses for GBP against USD EUR AUD SEK ZAR CHF NZD HKD CZK JPY

2009-11-10T02:07:00.000-08:00

It has come to light that at 5am this morning Fitch - a well recognised credit rating company released comments claiming that the U.K are most at risk to lose their AAA credit rating as things stand.

Should this happen you could see Sterling drop rapidly as it would be seen as extremely negative for the U.K and indeed the Pound hence the fact that rates have dropped away over the course of the morning as markets move on rumour as well as fact.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

Pound Sterling Forecast - GBP continues losses in early morning trading - GBP weakness against EUR USD SEK AUD NZD CHF ZAR CZK JPY

2009-11-10T01:17:00.000-08:00

Following a mixed bag of data overnight and this morning for the Pound - Sterling has made considerable losses against most major currencies in early morning trading.

RICS - The Royal Institution of Chartered Surveyors announced overnight that they now believe house prices will continue to rise from here forward and buyers are now outnumbering sellers pushing prices back up.

On the other side of the coin, Barclays nine month profits have fallen by a fifth which may be down to the fact they were hit by £6.2 Billion in charges to cover bad debts.

There are a number of banking releases due in the next few weeks and with the banks being headline news throughout 2009 this information tends to have more of an effect than it used to on the currency markets.

Should you wish to discuss any upcoming transfers or merely have a question about this report or the service I offer please email me at djw@currencies.co.uk

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

Sterling loses ground over afternoons trading due to Kraft bid - Swedish government also expect 2% growth in 2010 - losses against SEK EUR AUD NZD CHF

2009-11-09T09:10:00.000-08:00

Sterling took a tumble over the afternoons trading which appears to be down to a spectacular bid by Kraft to take over Cadbury, however this bid has remained rather hostile.

It appears now that the takeover may well drag on longer than expected meaning that Cadbury's shares have lowered and the potential merge (seen as positive for the U.K economy) may be a lot further away than first thought.

"The Kraft/Cadbury bid took a bit of the shine off sterling. It will have an M&A effect (in favour of sterling) at some point in the future, but the currency influence will be much further down the road and this isn't a currency issue right now," said Maurice Pomery, managing director at Strategic Alpha.

Sterling also lost against the SEK following a report from Sweden that the government now expect their economy to have grown by 2% in 2010.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

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Daniel Wright

Sterling strength - The start of a fightback???? Pound gains on USD EUR AUD DKK HKD

2009-11-09T01:42:00.000-08:00

Good morning readers and I hope you had a great weekend.....

Sterling has started off the week making gains against a basket of major currencies, most noticeably against the Dollar, gaining 1.21% at the time of writing this email and hitting Three month highs.

This poses the question - will these gains continue over the course of the week??

Data due out in the early part of this week is relatively thin on the ground for the U.K however Wednesday that all changes completely.

Wednesday sees the release of unemployment data in the morning, we also see the Bank of England inflation letter which details how they plan to combat the economic situation going forward and also BOE governor Mervyn King speaks - as the markets move on rumour as well as fact any hint of what he sees ahead or comments regarding the economy may cause volatility.

The U.S also have a flurry of data out over the course of the week so expect movements between these two currencies, the potential to break 1.70 again is certainly there...

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

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Daniel Wright

Big day for Sterling - further Quantitative easing a possibility?? expect high volatility today GBP EUR USD SEK ZAR AUD NZD

2009-11-05T00:06:00.000-08:00

Today has the potential to be the most volatile day of the week for Sterling as we see the release of the Bank of England interest rate decisioon at 12:00pm.

Although no changes to interest rates are expected all eyes will be focused on what is said regarding the quantitative easing programme.

Most analysts are expecting the BOE to announce pumping an extra £25billion into the economy this lunchtime and it may have already been factored into the market as the markets do move on rumour as well as fact. Should the BOE decide to go a little further and pump £50billion into the economy this could lead to major Sterling weakness however on the other side of things should they decide to leave any further QE for the time being we could see Sterling really rally.

My personal opinion is that it is a coin toss as to what will happen, if you go with the form of previous months the BOE will probably look to pump more money into the economy, leading to Sterling losing ground.

If I had to stick my neck out I would say that they are going to surprise us and hold fire with QE and see what happens over the next month.

Data of late has been much improved and personally as many major economists have mentioned it is working it is worth giving it more time to filter through.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

Pound Sterling forecast - more money pumped into the economy?

2009-11-03T00:00:00.001-08:00

This report will cover recent market movements for sterling against a basket of major currencies alongside what is due out in the week ahead. It includes vital information to consider for anyone with a requirement to buy foreign currency to send money overseas or to sell foreign currency and bring money back.

Tuesday November 3rd 2009, By Daniel Wright – Associate Director

Sterling Report – Pound makes losses ahead of interest rate decision on Thursday

Sterling lost ground against all major currencies yesterday as investors expressed their concerns that the Bank of England may introduce further quantitative easing measures at their interest rate decision due out at 12:00 on Thursday. This decision could be vital for anyone due to send money overseas or with any upcoming money exchange.

The mere mention of quantitative easing in the U.K over the past few months has generally led to Sterling weakness, as pumping yet even more money into the economy is seen as negative for the Pound.

"With the possibility of more quantitative easing looming, no one is willing to bet the ranch on this one," said Daragh Maher, senior currency strategist at Calyon in London.

It appears now that investors have now stepped back from investing in the perceived ‘risky’ Pound that led to the majority of the strength during last week and are eagerly awaiting announcements on Thursday.

"The blow to the foundation of risk appetite is really hurting sterling, along with concerns about the UK banking sector and the prospect of more QE from the BoE," said Ashraf Laidi, chief markets strategist at CMC Markets in London.

He added that sterling's inability to make a sustained break above the $1.67 level after two failed attempts in October and September would keep sterling weak against the U.S. currency.

The pattern over the past few months for the Pound has been taking two steps forward then dropping three steps back as I’m sure many of you are aware, so if you do have an upcoming currency requirement it may be prudent to take advantage of this rare spike seen last week before Sterling even has the chance to drop away again.

If you do not already have an account open here at FCD but do have an upcoming trading requirement, click here to open a trading facility in advance, so that when the time comes it’s one less factor on your mind, and you are prepared to secure a rate should there be any spikes in your favour in what is an extremely volatile market at present.

Sterling forecast – Around the globe

Expect an extremely volatile week for Sterling against the Dollar as we see a flurry of the most important releases for the month from both economies from Wednesday onwards. The Fed interest rate decision is first up followed by the previously mention BOE interest rate decision on Thursday and Non farm payrolls data on Friday lunchtime.

No major changes to rates are expected in the decisions however be aware that any economic policies mentioned may cause high volatility. The non farm payrolls have also bought large movements in the past, as the predicted and factored in figures can largely differ from the actual release leading to market corrections.

The Eurozone also release their interest rate decision on Thursday at 12:45, once again no major changes are expected however head of the ECB (European Central Bank) Jean Claude Trichet speaks afterwards and may give indications of future economic tactics.

Breaking news overnight – Australian interest rate decision

The Reserve Bank of Australia released their rate decision yesterday and increased rates for the second consecutive month by 0.25% to 3.50%, this has not bought major movements in the markets however just goes to show how far they are ahead of the U.K at present in terms of the state of their economy.

Breaking news this morning – Banks shake up revealed

Finally, Alistair Darling revealed the full extent of the banking shake up for Lloyds and RBS this morning amid concerns that the two bailed out banks would need to be scaled down to safeguard competition concerns. Early morning trading has seen Sterling weakness.

"The likely costs to the taxpayer and the risks on the impact on the public finances have been reduced," the Treasury said.

In short, if you are buying or selling foreign currency why not eliminate the gamble that your funds will cost more or achieve you a lot less than you bargained for and contact your personal account manager today on 0800 328 5884

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

US out of a recession GBP gains against USD EUR - makes losses against ZAR SEK AUD NZD CAD

2009-10-29T09:16:00.000-07:00

Today saw news from over the pond that the U.S is officially out of a recession, leaving the U.K out in the cold and facing further embarrassment over the length of our recovery.

Surprisingly sterling has actually gained well over 1% against the Dollar over the days trading which is precisley the opposite one would expect from a currency that is tagged to an economy still in a recession against one that has just been announced that they are well and truely out of one!

The reasons behind this may be as follows:

General confidence has been bought accross globally as the U.S being a major economy and reporting such good figures generally means eventually other economies should follow suit.

Investors are now a little more willing to shift their funds into perceived 'riskier' currencies such as the Pound at present.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

Pound Sterling strength yesterday - spike in the market creates great buying opportunities again major gains on NZD AUD & ZAR

2009-10-29T01:30:00.000-07:00

Yesterday saw fantastic movements for those of you with upcoming transfers to send over to Nez Zealand, South Africa and Australia as the Pound soared over the days trading.

The Pound made gains of over 2.5% against the Antipodeans - A difference of £5000 on a £200,000 transfer which just goes to show that by being smart and in a position to book out a rate off of the back of one phone call can make a huge amount of difference on the cost of a property or business transaction overseas.

From what I can see there wasn't any major U.K data out yesterday however potentially a group of releases may have led to the strength, alongside carry trading.

Carry trading is where investors will borrow money from a currency with a low interest rate - (GBP,JPY) and shift them over to a currency with a much higher interest rate (NZD,ZAR,AUD) in order to get a better return for their funds.

Also today sees the revised GDP figures out for the U.S.A and they are expected to be officially out of a recession - A common saying on the currency markets is that when the U.S sneezes the U.K catches a cold therefore this could well be seen as positive for the Pound as well. Expect high Dollar volatility should this release be any different than expected.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

Pound Sterling strength - Gains for GBP against EUR SEK AUD NZD CAD CZK ZAR

2009-10-28T02:08:00.000-07:00

The pound has started off the morning making gains against most major currencies and staying pretty much stable against the Dollar.

It appears confidence is slowly rising in the U.K and investors are once again willing to invest in the perceived 'Risky Pound'.

today is actually the final installment of Quantitative easing in the U.K and at present no further QE has been pencilied in - however be aware that following confirmation that the U.K is still well and truely in a recession there may be further QE announcements at next Thusday's Bank of England interest rate decision at 12:00.

The mere mention of more QE may lead to these gains dropping away, but then and again they may hold out for another month to see how things pan out with the current programme.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

Sterling strength as confidence in the Pound still seems to remain high - recession or no recession! GBP EUR USD AUD NZD SEK CHF DKK

2009-10-27T02:31:00.000-07:00

Yesterday's trading saw a surprise increase in the value of Sterling against a basket of major currencies as it seems that although we are still quite clearly in a recession investors still have confidence in the U.K

My personal opinion has been for a while that Sterling is undervalued and we have taken more of a hit than we should have during the global situation however things may dip once again before they get better.

This feeling may now be echoed by major investors hence the marked improvement in rates over the past 24 hours when economic data has been thin.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

U.K still in recession - Pound Sterling weakness against USD EUR SEK AUD NZD DKK - Pound Sterling GBP Forecast for the week ahead

2009-10-26T00:52:00.000-07:00

The Pound had a terrible day on Friday following the unexpected official figures confirming that the U.K is well and truely still in a recession.

Most analysts had predicted that we would see growth of 0.20% over the last quarter however figures released actually confirmed that the economy contracted by 0.4% - a massive difference and as the markets move on rumour as well as fact Sterling instantly started to make losses against a basket of major currencies.

The markets would have previously factored in positive news and as soon as the information came out it once again led to the two steps forward then three steps back pattern the Pound has adopted this year.

I have previously in this report said and I will say again that I believe Sterling is currently undervalued however it will probably not be until at least the turn of the year before we see any marked improvement...

The Days ahead -

Monday

Today appears to be extremely quiet data wise however be aware of any unexpected announcements. German consumer confidence data came out first thing and was a little worse than expected which may lead to early Euro weakness.

Tuesday

Consumer confidence for the U.S is released in the afternoon & Washington in the evening alongside a minor bit of data out for the U.K first thing in the morning, expect volatility should either release be different than expected.

Wednesday

An inflation release in the first few minutes of Wednesday for Australia by means of CPI data, New home sales data in the afternoon for the U.S and a big one for the New Zealand Dollar late at night as they release their interest rate decision - will they go down the same route as Australia and hike rates?

For those of you that aren't aware an interest rate rise generally leads to positive movement for the currency concerned and a rate cut is generally negative as investors look to move their funds somewhere where they will achieve a higher return for their money.

Thursday

Half past one brings out some important information for the U.S as they release their GDP data confirming whether or not they are still stuck in a recession.

This data should lead to volatility on the markets for the Dollar and may well have a minor affect on Sterling as a well known saying on the markets is that when the U.S sneezes the U.K catches a cold so it may well indicate what is to come over here.

In short, yet another volatile week ahead and reasonably quiet data wise for the U.K however anything may pop up over the course of the week and investors will more than likely still have the R word for the U.K ringing in their head which could lead to further weakness.

This is a brief summary of todays report, should you wish to know more email me directly or click below to read the latest update on our website. Email Me
I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

U.K to officially come out of recession this morning?? Sterling set to have a strong day??? early morning gains for GBP against EUR USD AUD NZD SEK

2009-10-23T00:43:00.000-07:00

Sterling has started off Friday morning making gains against a basket of major currencies ahead of Gross Domestic Product figures due out shortly at 09:30am.

A economy officially enters a recession when GDP records two concecutive quarters of negative growth and they are officially out of the recession once that particular economy records just one quarter of 0% or positive growth.

Expectations are for our GDP figures to come out at 0.20% growth this morning which would mean the U.K is officially out of the recession, however as I'm sure many of you are aware even though the figures don't lie there is still a long long way before we really see a real recovery.

One would imagine that should figures come out as expected (or higher) then Sterling should have a really positive day as confidence in the Pound increases, however should figure come out worse or even more should we see negative again and still be locked in this recession for another three months I would expect the Pound to plummet.

In short an extremely volatile day is predicted one way or another on markets and my personal opinion is after seeing manufacturing data being poor alongside retail sales we could be set for weakness.

This is a brief summary of todays report, should you wish to know more email me directly or click bolw to read the latest update on our website. Email Me
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Pound Sterling strength - forecast for today for GBP - EUR GBP - USD GBP - AUD GBP - NZD GBP - SEK GBP - CAD

2009-10-22T00:08:00.000-07:00

Sterling has continued it's rally in early morning trading gaining ground against a basket of major currencies ahead of the retail sales data due out for the U.K at 09:30am.

Predictions are for a minor increase month on month and should we see this the Pound could gain further ground likewise worse than expected could lead to weakness.

There seems to be a 'feel good factor' with Sterling at the moment and even the usual figures that have been talking things down of late (Alistair Darling & Mervyn King) appear to have switched to the cup being half full as opposed to the half empty stance we have witnessed over the past few months - leading to the large losses we have seen.

It's a big day for the U.K tommorow as GDP (Gross Domestic Product) figures come out - This release should see the U.K officially out of a recession, which could lead to the ound capping the week off on a major high.... Obviously any release that differs from this could do quite the opposite and lead to large losses - it is certainly one to keep an eye on and comes out at 09:30am tommorow morning.

This is a brief summary of todays report, should you wish to know more email me directly or click bolw to read the latest update on our website. Email Me
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Bank of England minutes bring Sterling strength against all major currenices - EUR USD AUD NZD CAD SEK JPY

2009-10-21T02:01:00.000-07:00

The bank of England minutes have bought Sterling strength across the board this morning which is refreshing news for those of you with upcoming requirements to send money overseas, and terribly frustrating for those that are due to bring funds back as the possibility of 'missing the boat' on the lower levels may have now become a reality.

BOE governor Mervyn King has even been saying slightly more positive words regarding the U.K of late so we could well see further gains over the course of the day.

This is a brief summary of todays report, should you wish to know more email me directly or click bolw to read the latest update on our website. Email Me
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Minor Sterling strength following better comments from King and ahead of BOE minutes - strength against USD EUR AUD CAD ZAR CHF SEK

2009-10-21T00:04:00.001-07:00

Sterling has started off the day gaining ground against a basket of major currencies following much better than expected comments from BOE governor Mervyn King regarding the U.K's economic position.

We also saw a release from the CBI saying that they believed the economy would grow by 1.3% next year - a slightly better figure than was mentioned by Earnst & Young in a report over the weekend.

Everyone will be eagerly awaiting the release of the BOE minutes this morning at 09:30am and the mention of Quantitative Easing - should it be mentioned that QE has come to an end one would expect major Sterling strength and weakness should it be mentioned that there is more to come.

This is a brief summary of todays report, should you wish to know more email me directly or click bolw to read the latest update on our website. Email Me
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Daniel Wright

Pound sterling weakness in early morning trading after GBP - USD hit 4 week high - losses against EUR USD AUD CAD CHF SEK

2009-10-20T00:24:00.001-07:00

Sterling has made small losses in early morning trading and indeed started to lose the ground gained at the back end of last week in late trading yesterday.

The Bank of England seem to have mixed views on how the current Quantitative easing programme is working out... as was well publicised and led to big gains last week BOE member Paul Fisher believes things are working it we may be set to draw a line under the QE programme however yesterday fellow member Adam Posen also a BOE policy maker told the Sunday Times in an interview that he believes the central bank should continue the QE because the financial system is yet to recover.

Any mention of further QE over the past 6 months has generally led to Sterling weakness so be vigilant for any announcements before the BOE minutes tommoror which could lead to large market movements dependant on comments.

This is a brief summary of todays report, should you wish to know more email me directly or click bolw to read the latest update on our website. Email Me
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Daniel Wright

Pound Sterling starts the week with negative movements following report released this morning - losses against USD EUR AUD NZD CAD SEK

2009-10-19T03:10:00.000-07:00

Sterling has started the week off losing some of the ground it made up late last week following a report released by Earnst and Young early this morning.

The report from the highly respected accountants knocked back confidence in the Pound once again as they believe we will struggle to see much economic growth throughout the last part of 2009 and will not grow by more than 1% throughout 2010.

This has obviously led to early morning losses on what is quite a thin day data wise.

This is a brief summary of todays report, should you wish to know more email me directly or click bolw to read the latest update on our website. Email Me
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Daniel Wright

Sterling Report and Forecast against USD EUR NZD AUD JPY

2009-10-18T13:16:00.000-07:00

Sterling ended the week on a high in Friday’s trading gaining ground against all major currencies and generally picking up where it left off following Thursdays surprise movements.

Investors had been eagerly awaiting the next mention of quantitative easing by the BOE and for the first time in a long time the news was fairly positive leading to huge gains across the board. Bank of England member Paul Fisher had written in his blog that the QE programme at present appears to be working - this led to gains of over 2% over the days trading against some currencies and at least 1.5% against most major currencies.

The pattern over the past few months for the Pound has been taking two steps forward then dropping three steps back as I’m sure many of you are aware, so if you do have an upcoming currency requirement it may be prudent to take advantage of this rare spike before Sterling even has the chance to drop away again.

Sterling forecast – Upcoming data worldwide

The Pound in general

Sterling is set for another extremely volatile week with a number of key releases due out – most important of all in my opinion being the Bank of England minutes due on Wednesday at 09:30am.

After Sterling’s positive end to the week all investors will be awaiting further information regarding Quantitative easing, and the BOE minutes will play a key part in providing more information as to what will happen next.

Should the minutes back up Fisher’s comments from last week Sterling may well continue its rally however should they play down the comments then the gains made at the end of last week may disappear sooner than a packet of chocolate digestives in John Prescott’s lounge.

Monday – Monday is relatively quiet on the data front with the main data release of the day being The Bank of Japan minutes late at night which could lead to Yen movements.

Tuesday – Tuesday sees inflation releases for both the Eurozone and U.S at 07:00am and 13:30pm respectively when they announce PPI (Producer Price Index) figures. Expect volatility should either release be different than predicted. The Canadian Dollar could also have a rocky day with the Canadian Interest rate decision due at 14:00pm – Although no change in rates is expected be aware of further economic releases.

Wednesday – As mentioned earlier in the report I believe this is the biggest day for Sterling followers barring surprises popping up like they have been of late. The New Zealand Dollar may have some movements in the early hours as credit card spending comes out at 03:00am and the Dollar completes the third key release of the day when the Fed announce their Beige book – a report on how their economy is fairing and how they plan to combat the current predicament, expect Dollar volatility.

This is a brief summary of todays report, should you wish to make a currency enquiry click this banner and remember to ask for DANIEL WRIGHT quoting CURRENCY INFORMATION to ensure you are put through to the author of this blog Email Me
I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

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Daniel Wright

Pound Sterling strength huge movements in the right direction against all major currencies USD EUR NZD AUD CAD DKK SEK ZAR JPY

2009-10-15T03:37:00.000-07:00

The first few hours of U.K trading have seen massive gains for the Pound against all major currencies inclusive of 1.73% against USD 1.73% against EUR 0.89% against NZD 1.17% against AUD 1.93% against ZAR and 1.65% against CHF.

This is fantastic news for anyone looking to send money overseas and if you have a upcoming transfer it may be worth taking advantage of!!

It is all off the back of two things - Unemloyment data shown in an earlier post and a member of the Bank of England MPC (Monetary Policy Committe) saying that he believes that Quantitative easing is now over for the U.K.

This is major news as every time further QE is bought in or mentioned we tend to see Sterling weakness, and with the market moving on rumour as well as fact this has meant major positive movements for the Pound.

This is a brief summary of todays report, should you wish to make a currency enquiry click this banner and remember to ask for DANIEL WRIGHT quoting CURRENCY INFORMATION to ensure you are put through to the author of this blog Email Me
I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

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Daniel Wright

Early morning Sterling strength - unemployment figures in U.K see minor rise - Strength against USD EUR AUD JPY CAD CHF HKD SEK

2009-10-15T00:23:00.000-07:00

The Pound has started off the morning gaining ground against a basket of major currencies following a release from the office of national statistics announcibng that unemployment levels had indeed slightly fallen on a rolling three month basis from June - August.

This is the first time we have witnessed a positive release of this sort since March - May last year.

This has been taken as extremely positive by investors as it shows labour market resilience within the worst recession we have had in decades.

A quiet day in general for other releases for the U.K - Asides from any surprise announcements that may pop up, we do however see the monthly report for the European monetary union, CPI data for both the Eurozone and U.S at 10:00am and 13:30pm respectively along with jobless claims in the U.S at the same time.... expect volatility for these currencies during this period.

New Zealand Dollar - Inflation has risen.... Late last night saw inflation figures released from New Zealand, these were expected to come out at 0.8% however came out much better than expected at 1.3%.

CPI (Consumer Price Index) is a key indicator of inflation and in general countries/economies will shift interest rates to control it... An interest rate rise is generally positive for the currency concerned and negative should there be a drop in rates as investors look to get a higher return for their funds.

This latest release suggests that the NZD may have further to climb as there is now scope for New Zealand to consider following Australia and hike their rates next time round.

This is a brief summary of todays report, should you wish to make a currency enquiry click this banner and remember to ask for DANIEL WRIGHT quoting CURRENCY INFORMATION to ensure you are put through to the author of this blog Email Me
I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

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Have a great day and thanks for reading!

Daniel Wright