Currency Information: Mervyn King speaks

Tuesday, 22 July 2008

Mervyn King speaks - Sterling movement?

All eyes are on Mervyn King (head of the MPC) this morning as he delivers a press conference which could lead to volatility in the market dependent on what he says. A positive talk for the U.K could lead to Sterling strength and negative weakness.

Yesterday sterling lost ground against most major currencies due to David Blanchflower (another member of the MPC) announcing he is in favour of a rate cut and would like to see one sooner rather than later.

For those of you who do not read our reports on a regular basis, a rate hike is generally positive for the currency concerned and a cut negative.

For anyone with an upcoming transfer who wishes to discuss future data due out, and how it may affect how much it will cost please feel free to get in touch.

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, 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!

Daniel Wright

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Testimonials from clients that have contacted me for currency transactions through this blog

Hi Daniel,

I have found your service great - very personalised and quick to respond. Not at all like dealing with the large banks. It's great to get the timely market commentary as well.

Regards

Kate Cull

Email me now for the same level of service

Daniel,

I must say a big thanks to you and your company for the efficient and professional manner in which you assisted me with my recent transactions.

Purchasing a property is always challenging but buying a property overseas is usually even more difficult if not risky. I really appreciate and are very thankful for your assistance. Your advice and efficiency in conducting my currency transactions enabled us to complete the purchase without any issues.

I will certainly be recommending your company to my friends and colleagues.

Thanks and have a merry christmas!

Joscelyn

Buying currency - The process

Having assisted many clients over the years that have requirements to send funds abroad I completely understand that each individual case needs to be dealt with in a different way.

Some clients may know exactly how the markets work and purely would like to achieve the best exchange rates, and some may have little or no understanding about how the markets work and need some help along the way.

Whichever category you fall into I am more than happy to assist you every step of the way, fully explaining the process and keeping you up to date with market movements alongside any upcoming data that may have an affect on the cost of your currency.

If I could predict exactly where the markets will go in the future I would quite clearly be a very rich man so I cannot guarantee you solid advice, however I can give you my opinion based on market knowledge and trading the markets myself for years.

Trading with myself at Foreign Currency Direct is simple and easy - All you need to do to set up a trading facility is click on the link to Foreign Currency Direct below and fill in the online registration form which takes approximately 2-3 minutes. Opening a trading facility incurs no costs and carries no obligation to trade through us, it simply puts you in a position to book out a rate should you wish to.

Once the registration is completed I will personally get in touch with you to discuss your requirements, which in turn will assist me to work out the best way for you to go about securing your currency which may include forward contracts or stop/limit orders.

I also deal with many commercial clients and can achieve highly competetive commercial rates - Foreign Currency Direct have been awarded 'best exchange rates' for the past three years running by the Sunday Times - A great credit to the company and it also goes to show that we can save your company a great deal of money at a time where everyone is trying to tighten their budgets.

Once the facility is open and I have achieved you a rate that you are happy with it is again a very simple process from there forward which I will outline below:

1) We go through a brief verbal agreement over the phone in order to book out your rate.

2) Within 5 minutes I forward across a contract note to you which can be emailed, posted or faxed which will contain all the details of the the transaction, our bank account details for you to transfer to and a section for you to fill in with the details of where you would like the funds to be sent.

3) Once a rate is booked we generally ask for settlement within 2 working days, and once funds are received and everything in place we send your funds out as a 'swift' international transfer - they should arrive in your designated account within 1-3 working days.

Please feel free to email me at djw@currencies.co.uk or contact me personally - Daniel Wright on freephone 0800 328 5884 and I will be more than happy to assist.

Potential affiliates or partners

I deal with hundreds of overseas property sellers, football agents, yacht salesman, magazines and many other businesses that actively refer clients to me to ensure that three things happen.

1. Their clients transaction goes through smoothly, efficiently and arrives on time.

2. Their client saves money over using their bank.

3. They are kept reguarly up to date with what is happening with the upcoming transaction and sent internationally recognised proof of transfer as soon as the clients funds are sent out.

Not only do these three points give my affiliates peace of mind that their client is saving money alongside geting a great service but also I will pay an extremely competitive commission to the affiliate for every single transaction a referred client makes through me - this can make a healthy addition to any monthly salary.

If this is of interest please feel free to contact me directly on 0800 328 5884 (Daniel Wright) or email me at djw@currencies.co.uk

Currency Information

Tuesday, 22 July 2008

Mervyn King speaks - Sterling movement?

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