Sterling report and forecast EUR USD CHF CAD AUD NZD ZAR SEK

Sterling report and forecast 16th March 2010 - Daniel Wright (Associate Director)

This report is written for current and potential clients of Foreign Currency direct to provide important information on Sterling and a basket of major currencies, alongside providing vital information on upcoming data releases that may affect the cost of sending money overseas or bringing money back.

Monday’s movements
GBP-EUR (-0.38%) GBP-USD (-1.11%) GBP-AUD (0.84%) GBP-NZD (0.95%)

This report will include the following

• Federal reserve interest rate decision
• Bank of England minutes
• Media quote ahead of minutes
• What else may move exchange rates this week

Fed interest rate decision tonight

Tonight sees the release of the Federal Reserve interest rate decision which has the potential to be a big market mover for those with U.S Dollar or Arab Emirate Dirham interests. Especially as purely on the rate movements yesterday, a £100,000 transfer to Dollars at the end of the day instead of the morning achieved clients a whopping $1600 less for their money – don’t be caught out yourself this week, let your account manager know what you are looking to do and he can keep you informed of market movements to avoid a nasty surprise.

No change in rates is expected however the Fed have been known to surprise in the past (most notably of late when they raised their Fed funds rate completely unexpectedly) this action led to rapid and major Dollar strength.

Also investors will be keeping a keen eye on any comments regarding the U.S economy and how it is faring and with data looking slightly better of late across the pond it wouldn’t surprise me to see Dollar strength overnight tonight.

Bank of England minutes & media quote

The Bank of England minutes released tomorrow morning are also due to be a head turner as we get to see how many members of the MPC were in favour of reigniting the Quantitative Easing flame for the U.K.

Should it evolve that it was a close vote out of the 9 members for example 5-4 or 6-3 then it suggests there still is scope for QE at the next decision and you may see Sterling lose ground accordingly, on the other hand a clean sweep and 9-0 against QE should bring Sterling strength.

If you are concerned about how these two decisions may affect any upcoming transactions you have be it buying or selling currency why not do what many of my business clients are doing of late and place a limit or stop order ensuring that you are protected from adverse market movements and can budget for your purchase accordingly. Contact us directly on 0800 328 5884 for a full explanation on this simple action that could save you £1000s.

‘The minutes could lead to a shaky day for the Pound tomorrow. Should QE become the main focal point again investors may run like the wind from Sterling as it tallies up yet another reason to steer well clear of it.’

What else might affect exchange rates this week?

Obviously those readers that have bought or sold currency before are fully aware many surprises can pop up on the markets, however the following data is also out this week that may affect exchange rates for Sterling against the Swiss Franc, Canadian Dollar and the U.S Dollar.

17th March - Swiss Trade Balance data
18th March - Inflationary data for both the U.S and Canada
19th March - Canadian Retail Sales data

Buying or selling Euros? Greece is still a factor!

Those of you with Euros still to buy or sell should also be extremely wary of any further releases regarding the economic situation in Greece and how the Euro Zone are planning to attack it.

A decision is now fairly imminent and which way the market goes is all dependent on how it is taken by investors – once again another reason to consider the various options available to you inclusive of forward contracts, stop losses and limit orders to protect yourself from adverse market movements.


Should you have any questions or queries regarding anything in this report feel free to contact me directly on 0800 328 5884 or email me at djw@currencies.co.uk

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, have business transactions to carry out or need to get money overseas for any other reason 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!


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

Consumer confidence up in the U.K Trade balance up in Australia GBP AUD EURO NZD CHF CAD POUND Australian dollar

Great news for the U.K and indeed the Pound overnight as U.K Consumer Confidence came out better than expected leading to minor Sterling strength.

The trade balance for Australia also came out overnight and this was also better than expected showing that although Australia didn't increase exchange rates as expected their economy is still very healthy.

The next release of note is the European retail sales figures so be aware should you have a Euro transaction to carry out.

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:

Sterling and other currencies update for the week ahead gbp eur usd aud cad

Good afternoon,

As usual I like to keep all of my clients up to date with market movements so here is an overview of what may affect the market in the next week or so.

Should you have an upcoming requirement for February please do let me know either by replying to this email or by giving me a quick call so that I can get in touch should a great buying or selling opportunity arise.

There are a number of important releases due out this month as always and with Sterling starting off on a negative note which just goes to show it is imperative you catch the rate at the right time should any little spikes in the market occur.

Firstly – Consumer Confidence is released at 00:01 tonight and European retail sales data tomorrow morning, on Thursday we see Interest rate decisions both for the U.K and the Euro zone at 12:00pm and 12:45pm respectively – no rate changes are expected however all eyes will be fixed on what is mentioned regarding further Quantitative Easing or future economic policies as this could cause large volatility.

Friday brings house price data for the U.K and also a flurry of key unemployment data both for the U.S.A and for Canada so keep a close eye on these releases should you have a trade to do involving either of these two currencies.

Do feel free to contact me at any time should you wish to discuss any of these releases and how they may affect any upcoming purchases and I will be more than happy to help.

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:

Pound slips to start off the week - Australia surprise and hold interest rates - exchange rate news gbp aud eur usd sek zar cad chf

The Pound had a pretty poor start to the week slipping against a basket of major currencies in Monday's trading.

Mortgage approvals came out a lot lower than expected opening up a possibility that the housing market may not be recovering at the pace first thought.

Also, Bank's preferred money supply fell at it's fastest monthly pace sine records began in 1982.

The bank of England hold their interest rate decision on Thursday at 12:00 and many eyes will be on whether or not there will be any further quantitative easing - I find it doubtful.

The reserve Bank Of Australia held interest rates last night although they were expected to raise to 4% - this has led to the Pound gaining considerable ground against the Australian Dollar so far this morning.

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:

Pound Sterling starts to lose strength again - U.K out of recession this week? GBP EUR USD CHF AUD NZD report and forecast

The pound started to drop away again in Friday’s trading following much worse than expected retail sales figures for December. This really does highlight the importance of catching spikes in the market when they do arise, as at one point last week Sterling had hit it’s highest point against the Euro since August, against the Dollar for 6 weeks and a basket of major currencies hit levels we have not seen for some time.

It followed a series of reasonably positive releases at the start of the week whereby house prices were on the up, inflation had risen and U.K unemployment came out a lot better than expected. Just catching the rate at right time last week could have gained you over €2500 extra on a £100,000 - € transaction.

These movements really do once again prove why that if you do have a transfer to make it is imperative to have a free, no obligation trading facility open here at Foreign Currency Direct which can be opened in just two minutes by clicking here. Once open you will be allocated a personal account manager who can contact you to inform you of movements throughout the day should you so wish

Recession to come to an end for the U.K?

Tomorrow brings what could well be one of the key data releases of the year for anyone with Pounds to sell or another foreign currency to bring back into Sterling over the course of 2010 as the U.K is expected to officially come out of a recession after the longest seen on record.

This is not set in stone however and those who believe that merely coming out of a recession will lead to instant gains for the Pound be aware as the markets also move well in advance of data releases coming out, mainly off the back of predictions, so should the U.K come out of a recession but growth not be as much in the last quarter as expected then we could actually see Sterling weakness!

The release is due at 09:30am tomorrow so it is key to be in a position to trade should the release not go in your favour for what you are looking to do, a quick call in to your account manager today in advance would be smart thinking as then they can add you to their list of clients to inform of any sharp movements for or against them - call now on 0800 328 5884 to make sure you are one step ahead.

Politics also due to be key this year and in the short term



With political instability being one of the four main factors that will affect the value of a currency clients with upcoming requirements should be aware that the next few weeks and months indeed could once again be a testing time for the Pound.

The recent Dollar weakness seen at points last week was heavily down to Barrack Obama announcing that he is looking to bring in a series of changes that will completely shake up the banking system in the U.S which was taken poorly by investors hence the losses at the start of last week for the Dollar.

Obama’s changes are due to limit the size of banks and their investments in an attempt to minimise the chance of this huge economic meltdown happening again and it will effectively separate investment banks from commercial banks and completely change the way banks are to be run.

That won't help, suggested Rob Nichols, president of the Financial Services Forum, an industry group representing 18 of the largest financial companies.
"Proposals to preemptively break up large, well-managed and well-capitalized banking companies — or to reimpose Glass-Steagall restrictions — are based on a misdiagnosis of the causes of the financial crisis," he said.

It is rumoured that U.K Prime Minister Gordon Brown is considering bring in similar changes in the U.K and should this be announced one would expect to see exactly the same impact on Sterling - Investors dropping bank shares and indeed the Pound to concentrate on more lucrative investments.

Alongside this Gordon Brown is now due to testify in the Iraq inquiry before the General election takes place this year which could also lead to some extremely interesting market movements as personally I would imagine that the publicity of this inquiry can only lead to further political instability and indeed potentially another reason for the Pound to dip.

This is a brief summary of todays report for further information feel free to Email Me -

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

Stable start to the week for Sterling against most major currencies vs EUR SEK USD AUD NZD CAD THB and more

Sterling has started off the week reasonably quietly however expect much more volatility during the course of today's trading.

A couple of releases of note are firstly the retail sales figures that came out this morning which came out pretty much exactly as expected at 4.2%.

House price balance data is also due out over the course of the day and the U.K could really do with the housing market to assist in pulling us out of a recession.

Personally, I believe over the next decade and onwards the U.K will become a little more European when it comes to home ownership/renting and many more of the younger generation will decide to rent which could push housing demands down and therefore prices down with it.

On the markets today we see a flurry of data for the U.S with Trade balance figures and the Fed's Beige book released later, this is a key indication as to how the U.S economy is fairing and could lead to Dollar volatility.

Also today we have seen Australian home loans down by 5.6% in November leading to Australian Dollar weakness.

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 report and forecast December - GBP AUD USD EUR CHF currency information

Sterling report and forecast 14th December 2009 - Daniel Wright (Associate Director)

This report is written for current and potential clients of Foreign Currency direct to provide important information on Sterling and a basket of major currencies recent movements alongside providing vital information on upcoming data releases that may effect the cost of sending money overseas or bringing money back.

Friday’s movements
GBP-EUR 0.73% GBP-USD (0.39%) GBP-AUD 0.40% GBP-NZD 0.21% GBP-CHF 0.39%

Sterling Report

The Pound made considerable gains against a most major currencies in Friday afternoons trading bringing some of the best exchange rates of the week. The most notable of moves being against the Euro where gains of over half a percent were seen in the final hours of trading.

This was mainly down to one of the largest credit ratings agencies in the world announcing that the U.K and the States top AAA rating was under no immediate threat which instantly bought more confidence to Sterling and the Dollar.

Moody’s Investors Service also said that indeed the earliest they could see a change being made to the rating would be 2013 and even then that would be a worst case scenario.

Sterling failed to make any ground against the Dollar following slightly better than expected data in the U.S coming out on Friday and in general the Pound would have gained more against a basket of currencies however Alistair Darling’s Pre budget report was still holding it back as it is widely thought that he is not doing enough to tackle the U.K’s ballooning deficit.

"Poor sterling fundamentals and the fact that the dollar is on a bit of a bounce is seeing sterling/dollar on the downside," said Michael Hewson, analyst at CMC Markets.

"Moody's has said the UK is in no imminent danger of a ratings downgrade, but this does not change the fundamentals and the fact that no meaningful steps are likely to be taken, at least for the next six months," he said.

These movements really do once again prove why that if you do have a transfer to make it is imperative to have a free, no obligation trading facility open here at Foreign Currency Direct which can be opened in just two minutes by clicking here. Once open you will be allocated a personal account manager who can contact you to inform you of movements throughout the day should you wish. Catching the Euro rate yesterday afternoon during the spike could of gained you over €350 on a £50,000 purchase.
Sterling forecast - the days ahead


Today - Following the Rightmove house price data released this morning there are only three releases of note today starting with Swiss inflation data at 08:15am which could cause volatility for the Swiss franc, this is followed at 10:00am by some European employment change and industrial production figures - any change to the expected figures could set the scene for the day for the Euro so be sure to keep a close eye on this one and be prepared to act fast if you have a trade to carry out.

Tuesday - One for the early birds sees the Reserve Bank of Australia release their minutes and following three consecutive rate hikes they may indicate how likely it is to see a fourth, anyone with Australian Dollars to buy or sell may want to lock into a rate today or put in a stop loss and limit order to avoid waking up to your money being worth a lot less than it was before you went to bed.

Also due over the course of Tuesday is production data for Switzerland at 08:15am, a flurry of inflationary data for the U.K at 09:30am, German ZEW sentiment data at 10:00am and inflationary/production data for the States at 13:30pm and 14:15pm respectively.

This promises to be a busy day on the markets and some great buying and selling opportunites may pop up during the day so inform us of your requirements and let us watch the markets for you - If there is a specific rate you are looking for there are many tools available to assist with your needs, call 0800 328 5884 now for further information on how these work.

Wednesday - Another extremely important overnight release from Australia which could once again bring large market movements in the early hours is the Gross Domestic Product data due at 00:30am. Expectations are for 0.6% growth in the last quarter and any change to this is bound to cause AUD movement.

The rest of the day brings a large amount of unemployment data for the U.K at 09:30am which could lead to high volatility dependant on what comes out, further inflationary data for the Eurozone and U.S at 10:00am and 13:30pm leading up to the Federal reserve interest rate decision at 19:15pm.

No change in rates is expected however be aware of any mention of future economic policies which may have an affect on the Dollar.

Just why have over 31,000 individual clients chosen to trade billions with us here at FCD??

At FCD we pride ourselves on fantastic rates of exchange alongside great customer service…. we have indeed won awards for both! Click here to see our video by the national business awards which gives a great insight into how we work and operate. Just being kept up to date and made aware of market movements during these volatile times can save you thousands, so don’t hesitate either open a free trading facility here or call 0800 328 5884 and see for yourself.

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

Exchange rates volatile during pre budget report - GBP movements against USD EUR CHF CAD AUD NZD SEK NOK DKK AED ZAR & More

Sterling had a really rocky day on the markets yesterday as Alistair Darling announced his pre budget report.

At first, we saw Sterling strength as no windfall tax on bank profits was announced which led to Sterling gaining early ground against a basket of major currencies.

As always throughout 2009 Sterling took one step forward followed by rapidly taking two steps back later on in the report - this appeared to be down to announcements that National Insurance contributions will rise in April 2011, VAT as we all know will revert back to 17.5% in January 2010 and also that bankers bonuses will be subject to a 50% tax levy should they be over £25,000.

By the end of the report red screens were seen in the office meaning Sterling had weakened against the vast majority of currencies, this just goes to show that by having a personal account manager that can keep you up to date with market movements you can save a lot of money on any transactions you are looking to do - for example if you were buying £100,000 of Euros yesterday - catching the rate at the right time would have achieved you around €1000 more - certainly worth taking seriously!!

By contacting me I can ensure you are kept up to date with rate movements and you can secure an exchange rate with just one phone call - very handy for those with a busy life.

Also today - The Bank of England interest rate decision due at 12:00pm - no rate change is expected but be aware of any potential announcements regarding quantitative easing or bank lending rates - this could cause a lot of volatility.

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 movements today - unemployment data for U.S could bring big movements for the Dollar - so far strength against EUR SEK CAD ZAR AUD NZD & More

Sterling has started the day off gaining ground against a basket of major currencies - this may be due to investors once again being more willing to invest in the so called 'riskier' pound leading to gains accross the board.

Today is reasonably thin on the ground data wise for the U.K however we do have Non farm payrolls employment data for the U.S which can cause huge volatility some months as expectations can be majorly different to expectations from time to time.

THIS 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

Sterling has a mixed start to the day - strength against the Euro, Swiss Franc and Dollar AED - Losses against AUD NZD CAD & ZAR

This morning has seen a mixed start to the month for Sterling - In early morning trading the Pound has made losses against the Australian Dollar, New Zealand Dollar & South African Rand whilst making gains against the Euro and Dollar.

The losses may be down to carry trading as it merely seems to be the Antipdean currencies that have gained strength against the Pound.

The gains by the Australian Dollar will have been mainly down to the interest rates over there being increased by 0.25% very early this morning (the third monthly increase in a row).

When an economy raises interest rates it generally has a positive effect on the currency concerned as investors look to shift their funds to higher yielding currencies to get a better return for their money.

There is now concern that the Pound may have a poor December - i'm not 100% convinced however there are worrying signs slowly creeping in again so we could easily see another dip before things start to pick up again.

I personally believe that the early part of next year is when the Pound will start to gain ground as it is currently clearly undervalued in my opinion. Once we are confirmed as out of a recession and data releases/confidence starts to come back into the U.K I think things will serioyusly pick up speed again - providing our banks have not invested too heavily in Dubai!!!




THIS 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

Sterling weakness in early morning trading - losses against USD EUR JPY DKK CHF CAD small gains against SEK ZAR AUD NZD buy sell

This morning has seen Sterling lose ground against a basket of major currencies and also gained ground against the antipodean currecnies.... potentially down to carry trading which has once again become a major factor in the markets.

There is no major underlying factor I can see at present as to why the Pound has lost ground in general although the dust still may be settling from the GDP figures yesterday. Although they were not too bad and came out exactly as expected some investors may have gambled on figures coming out even better hence the losses.

Also, the news that big banks will have to declare how many of their U.K employees are earning over £1million - I personally think this is a stupid measure as it may eventually push financial institutions away from the U.K which in turn would not assist the economy at all........... We now have to rely on our financial sector and indeed the banks to make the U.K money as slowly but surely our manufacturing sector grinds to a halt and we no longer made anything!!

Today is thin on the ground data wise with nothing out for the U.K - although surprises do pop up all the time so it is always imperative you have someone watching the market so that you don't have to.

If you do have an upcoming transfer then feel free to contact me to discuss your options inclusive of forward contracts, stop and limit orders.

THIS 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

U.K GDP Figures as expected - Sterling weakness against a host of major currencies - news on GBP EUR USD AUD CAD CHF NZD SEK PLN

A quick update on the GDP figures for the U.K - They came out exactly as expected however investors may had been gambling on figures being slightly better than expected - Once again proof the markets move on rumour as well as fact as the Pound has indeed dropped away ever so slightly following this information.

THIS 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

Minor Sterling strength ahead of key GDP data - Pound gains against JPY CAD DKK CHF THB HKD USD EUR - Still minor losses against AUD NZD ZAR

Sterling has made minor gains against a basket of major currencies in early morning trading as investors heads turn towards key GDP (Gross Domestic Product) data whereby the figures released last month of a contraction of -0.4% are set to be revised to -0.3%.

The release is due out at 09:30am and should figures come out any worse or better than expected we could see major market movements for Sterling against every major currency.

There is big news due out today for the U.K regarding banking charges and with over 1million people seeking to claim these back this could lead to major concerns once again for the banking sector.

Should the public win the court battle this could lead to huge changes in the way our bank accounts are run in the U.K, we could see monthly charges just to have an account, charges to withdraw from ATM's and basically charges for everything in the banks bid to recover their money - personally I can't see this being too positive for the Pound.

Elsewhere, South Africa are now officially out of a recession in news announced yesterday so good news for the Rand, yet another economy to have come out before the U.K!

THIS 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

Currency Information - The week ahead for GBP USD AUD NZD CHF and many others forecast - buying or selling foreign currency important info!

Good morning readers and I hope you had a great weekend

Once again i'm sure we are in for a turbulent week ahead on the currency markets with most notably some revised GDP figures due out for the U.K on Wednesday.

The next few days important releases are as follows:

Today

13:00pm - ECB Trichet speaks - Head of the European Central Bank Jean Claude Trichet speaks today at 13:00pm and investors will be listening in on any hints given regarding future economic policies, as the markets move on rumour as well as fact this could lead to Euro volatility.

Later in the afternoon there are a couple of releases being retail sales (excluding Autos) for Canada at 13:30pm and New home sales for the U.S at 15:00pm. These could lead to CAD and USD movements if they come out differant than analysts have predicted.

Tuesday

Tuesday looks like a busy day with consistant important releases coming out throughout the day.

07:00am One for the early birds on Tuesday as germany release their GDP figures (Gross Domestic Product) for the last quarter. Expected is growth of 0.7% which considering the last release for the U.K was -0.4% just goes to show that the Germans are a mile ahead of us in this recession.

This may be due to a number of factors, firstly we rely heavily on the financial sector these days and that quite clearly has been hit extremely hard, we also have a tendancy to "get on the housing ladder" as soon as possible over here whereby people are more likely to rent for years and years in Europe.... with all the mortgage problems and people losing their houses it seriously does not help our situation.

The manufacturing sector in germany is also picking up rapidly and they seemingly downed tools at the right time and completely halted manufacturing when things slowed down only to pick up on them again potentially just at the right time.

Expect Euro/Pound movements should the GDP come out any differant than the 0.7% expected.

At 09:00 we see Swiss unemployment data released so the CHF may well move off the back of this and then the U.K release mortgage approvals at 09:30am - A key indicator as to how the housing market in the U.K is fairing and this can have a large impact on the value of Sterling.

At 13:30pm the U.S takes it's turn and releases their revised GDP figures in what is a huge day for the Dollar.... not only do they release GDP but on top of this we see Consumer confidence and housing price data at 15:00pm followed by the FOMC minutes from the previous interest rate decision at 19:00pm - this could lead to large movements so if you do have an upcoming USD transaction whether it be buying or sellnig it is imperative you are in close contact with someone that can inform you of what is hapening throughout the day.

Wednesday

German Inflation data is released in the first seconds of Wednesday at 00:00am and also in the late night activity the RBNZ (Reserve Bank of New Zealand) release their inflation expectations so expect NZD movements off the back of this at 03:00am.

German consumer confidence comes out early at 07:00am and then we see the U.K GDP data as mentioned previously in the report due at 09:30am.

A further flurry of U.S data due out at 13:30pm and 15:00pm with personal consumption and incomes followed by new home sales - expect further Dollar volatility.

Finally on a dta filled start to the week the Japanese Monetary policy meeting is at 23:50pm so keep a close eye on the Yen.

In short - a seriously volatile start to the week ahead and with so many releases due out it is really hard to see where things are going - especially with the Dollar!

I personally thing that Sterling will have a reasonable start to the week and make gains off the back of data previously mentioned in this post and that the Dollar will fair pretty well as well, due to data from the U.S generally being quite good of late.

Do feel free to contact me should you wish to discuss any upcomnig transfers you may have.

THIS 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.

Have a great day and thanks for reading!

Daniel Wright

Data reasonably positive for the U.K this morning - Sterling holding stable at present against EUR AUD NZD CAD CHF and many more - minor loss USD

This morning saw the release of 3 key data releases for the U.K inclusive of Retail sales, Mortgage approvals and money supply.

Every piece of data actually came out slightly better than expected apart from retail sales month on month, which was slightly lower than expected - although you would have expected Sterling to increase slightly off the back of this no major movements have been seen.

No further major releases are expected over the course of the day however be aware the markets have surprised us many times lately, and even as I am writing this Sterling is slipping away again - which shows that confidence in the Pound still seems to keep being knocked back.

It has been a rocky week so far, with great gains in the early part of the week for the Pound followed by losses after the BOE minutes and other factors yesterday, this all just goes to show that catching the rate at the right time is imperative as it can save you hundreds/thousands of Pounds - Just buying €100,000 at the highest point of the week as opposed to the lowest could of made a difference of over £1300.

This is where I can come in - Although I certainly can't guarantee that I will assist you to catch the rate at the right time I can certainly act as a second pair of eyes keeping a close check on exchange rates throughout the day alongside offering you my personal opinion on upcoming data based on market knowledge.

If you have an upcoming transfer to make either enquire by emailing me directly on djw@currencies.co.uk or click the link below to go through to our website and open a free trading facility - remember to mention my name to ensure that I deal with you personally.

THIS 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.

Have a great day and thanks for reading!

Daniel Wright

Pound Sterling makes early morning losses ahead of BOE minutes - All eyes on quantitative easing - GBP EUR USD AUD NZD CHF SEK ZAR

This morning sees the release of the Bank of England minutes at 09:30am and could have a big impact on the strength of Sterling depending on what is mentioned.

Most investors and analysts will have a keen eye on the mention of any further quantitative easing from the last meeting - should it show that some BOE members were more in favour of further QE last time round then it may well lead to Sterling weakness as the markets move on rumour as well as fact and more money being pumped into the economy is generally seen as negative for the Pound.

On the other side of things - Should it become clear this morning that there was more of a feeling that QE should now come to an end for the time being at least then Sterling may well find some serious strength as this will be seen as really positive news for the U.K and indeed for Sterling.

In other news keep a close eye on the currnt situation with the potential Cadburys takeover - when Kraft pulled out just over a week ago this led to quite sharp Sterling weakness however a couple of new companies are now considering offers in the large U.K company.

THIS 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.

Have a great day and thanks for reading!

Daniel Wright

Sterling continues strength ahead of key inflation data - GBP gains on EUR USD AUD NZD CAD CHF SEK and most major currencies

Sterling continued the reasonable start to the week this mornnig making further gains against a basket of major currencies most notably the Australian Dollar and South African Rand - both with gains of over 1% at the time of writing this post.

Inflation data is due out at 09:30am and could be a big market mover dependant on how the figures come out.

Should inflation come out as being particuarly high this would usually lead to Sterling strength (The way to usually tackle high inflation is to hike interest rates and a hike in interest rates would usually be seen as positive for the currency concerned) however in this instance we are not really in the position to hike interest rates due to the economic conditions over here, so this may well be viewed as negative for the Pound as the Bank of England pretty much have no control over inflation.

The BOE also release their inflation report which may give indications as to just how they will go about tackling things in the short term so expect volatility following this as markets do move on rumour as well as fact.

THIS 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.

Have a great day and thanks for reading!

Daniel Wright

Due to buy or sell EUR USD AUD NZD SEK ZAR CHF or one of many other major currencies? Volatile day ahead for Sterling unemployment and inflation data

The Pound faces a rocky day on the currency markets as a flurry of important data is due to be released this morning, starting off at 09:30 where we see some unemployment data followed by the Bank of England quarterly inflation report and Mervyn King (Governor of the BOE)speaking at 10:30am.

Both should bring volatility - the unemployment could cause movements dependant on whether or not it comes out better or worse than expected and indications on how the BOE plan to battle the economic and inflationary situation over here should lead to movements one way or another.

My personal opinion is that we may see some weakness today, unemployment is a coin toss as to which way things will pan out but I believe it may be slightly worse than expected and Mr King is notorious throughout 2009 for talking the Pound down - my opinion is that Sterling - Euro may finish up the day in the 1.10s however I could easily be wrong and eating my words in 15 minutes time!!

Should you wish to discuss an upcoming transfer no matter how big or small with me personally do feel free to contact me either by emailing djw@currencies.co.uk or calling my direct line 01494 787462 for a friendly and impartial information on how to achieve a great exchange rate.

THIS 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.

Have a great day and thanks for reading!

Daniel Wright

Latest Pound Sterling report - Fitch comment on U.K AAA status - adds to Pounds woes Losses for GBP against USD EUR AUD SEK ZAR CHF NZD HKD CZK JPY

It has come to light that at 5am this morning Fitch - a well recognised credit rating company released comments claiming that the U.K are most at risk to lose their AAA credit rating as things stand.

Should this happen you could see Sterling drop rapidly as it would be seen as extremely negative for the U.K and indeed the Pound hence the fact that rates have dropped away over the course of the morning as markets move on rumour as well as fact.

THIS 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.

Have a great day and thanks for reading!

Daniel Wright

Pound Sterling Forecast - GBP continues losses in early morning trading - GBP weakness against EUR USD SEK AUD NZD CHF ZAR CZK JPY

Following a mixed bag of data overnight and this morning for the Pound - Sterling has made considerable losses against most major currencies in early morning trading.

RICS - The Royal Institution of Chartered Surveyors announced overnight that they now believe house prices will continue to rise from here forward and buyers are now outnumbering sellers pushing prices back up.

On the other side of the coin, Barclays nine month profits have fallen by a fifth which may be down to the fact they were hit by £6.2 Billion in charges to cover bad debts.

There are a number of banking releases due in the next few weeks and with the banks being headline news throughout 2009 this information tends to have more of an effect than it used to on the currency markets.

Should you wish to discuss any upcoming transfers or merely have a question about this report or the service I offer please email me at djw@currencies.co.uk

THIS 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.

Have a great day and thanks for reading!

Daniel Wright