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
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