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

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

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

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

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

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

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

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

[09:07:23] Chris Knights:

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

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

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

[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

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

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

[09:07:23] Chris Knights:

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

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

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