Pound Sterling Forecast - the week ahead against eur, nzd, aud, mad, cad, sek, chf, zar, thb, dkk

Good morning and I hope you had a great weekend.

Sterling has started off the week losing ground against every major currency apart from the Japanese Yen in early morning trading, and a busy week ahead is expected.

This week we see interest rate decisions for three of the major economies with Australia at 4.30am tommorow alongside decisions for the U.K and Eurozone at 12:00 and 12:45 respectively.

Interest rate decisions can be big market movers and should Australia decide to hike rates we could see even further strength for the Australian Dollar against most major currencies.

No interest rate changes are expected for the U.K or Europe however announcements on economic tactics and potentially quantitative easing may be made - make sure you are wary should you have a transfer to make from Sterling to another currency and the mention of further QE could lead to Sterling weakness.

Other big releases for the U.K involve GDP estimate out tommorow night Gross Domestic Product data is an indication as to whether or not the economy has grown or shran in the last quarter so can also be a big market mover. There is also a flurry of manufacturing data due out tommorow morning.


This is a brief summary of todays report, should you wish to make a currency enquiry Email Me
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Have a great day and thanks for reading!

Daniel Wright

Sterling continues minor gains following further positive data - gains on EUR USD JPY ZAR CZK losses against AUD and NZD

The Pound has continued it's minor fight back today in morning trading following another positive data release for the U.K economy.

Consumer confidence for September came out overnight and was much better than expected. A negative figure still is not great for the U.K economy and the figure came out at -16 however major analysts were actually predicting a figure of -24.

Markets move on rumour as well as fact so the -24 figure would have been initially priced into the market hence the fact when the figure came out much better Sterling gained some good ground in early morning trading.

At the time of writing this markets seem to have stabled, however over the course of the day further losses against the Australian Dollar and New Zealand Dollar have been seen.

This is a brief summary of todays report, should you wish to make a currency enquiry 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 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

Sterling weakness v eur, usd, aud, nzd, zar, dkk, sek, cad in early morning trading

Upon walking into the office this morning it is red screens accross the board for Sterling meaning the Pound has weakened against pretty much every major currency in early morning trading.

There is no major data releases of note that I can put this weakness down to at present, although German PPI (Producer Price Index) data came out a lot better than expected which may have led to Euro strength.

At the time of writing this post GBP - USD hit 1.6299 and GBP - EUR dropped to 1.1114 which is a huge drop from yesterday.

I will provide further updates once I have found out the reasons behind these losses, however should you have an upcoming transfer it may be prudent to get in touch sooner rather than later.

This is a brief summary of todays report, should you wish to make a currency enquiry 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 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

GBP EUR GBP USD GBP AUD GBP ZAR Sterling to make small recovery this week as confidence among business professionals grows???

Overnight has seen a release from the Institute of Chartered Accountants confirming that business confidence had risen to 4.8 for the end of June, compared to -28.2 at the end of March... A marked improvement to say the least and potentialy siogns that the U.K is creeping out and may indeed already be out of the recession - although not officially.

Although this news may be seen as extremely positive to the naked eye Chief Executive Michael Izza warned against "underestimating" the challenges ahead for businesses.

Still, overall I personally believe this is yet again a better release for the Pound and further proof that we are slightly undervalued at present, although it may be the case that we get a little worse before we get better, it's just a case of when the turnaround begins.

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

Pound sterling weakness against Dollar and gains minor ground on Euro

Sterling finished off Friday's trading down by 0.6% against the Dollar following the release of non farm payrolls data in the states.

The figures actually came out better than expected which led to Dollar strength throughout the rest of the days trading.

The Non Farm Payrolls data covers the movement in the amount of people employed in non agricultural jobs over there and although it had dropped by 247,000 this was actually the lowest drop since August last year and as mentioned a lot better than most analysts had predicted.

Sterling saw a swing against the Euro on Friday as well starting the day off dropping away yet ending the days trading up by 0.4%.

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