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
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