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

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[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

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[09:07:23] Chris Knights:

House Prices up, Confidence down and an interesting day ahead on the Political side of things!

A couple of releases of note late last night and early this morning.

Firstly Consumer Confidence was down for the U.K in a release at just after midnight - This led to some minor weakness overnight.

This morning however to counter that we saw Nationwide releases their house price data which appeared much more positive.

Overall both sets of data appear to have evened each other out so far however with U.S and Canadian GDP figures due to come out later on today we could see extremely large movements for the USD and CAD.

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

Sterling strength in early morning trading GBP vs EUR USD SEK CHF CAD AUD NZD

Sterling has gained ground against a basket of major currencies in early morning trading following much better than expected inflationary data for the U.K and slightly worse than expected unemployment data in the Eurozone.

Whether or not we will see this improvement throughout the afternoon is yet to be seen however it is a welcome spike for the Pound.



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 GBP January 7th 2009 against EUR USD AUD SEK NOK NZD CHF and more

Yesterday saw Sterling take a tumble once again as one of the four factors of the currency compass – Political certainty took a huge turn for the worse.

Two Ex Cabinet ministers – Patricia Hewitt and Geoff Hoon have come out and called for a secret ballot on Gordon Browns leadership merely months before the general election is to be held. Although at first sight it appears that the request has very little support, it is still a telltale sign that the party is clearly divided and starts off an interesting 2010 politically with a bang.

The factors that affect the strength of a currency ( sometimes also known as the Ellis currency compass are Economic stability, Political certainty, Acts of terror and Acts of god.

Although there is clearly little one can predict about the latter two appearing the first two points are always key, and if you look at the U.K economically coupled with the latest twist in the labour Government it does not paint a pretty picture for the Pound in the short term.

Broken and now frozen Britain!

The whole of Britain got hit with a major freeze yesterday alongside a huge amount of snow causing chaos on the roads and indeed closing many businesses.

Should this poor weather continue it may have an effect on the future strength of Sterling for a number of reasons – Retail sales rely heavily on the weather and with not only consumers unable to hit the stores but also some stores not even opening it could put a major dent in figures for January.

Alongside this thousands of businesses have had to close as staff simply cannot make it to work, slowing down production and costing the British economy Billions of Pounds.

Should you be stuck inside over this period why not take a look at your finances and make that currency purchase you just have not had time to get round to lately.

Here at FCD so far our trading lines have been open from 08.30am until 18:00pm to continue to assist you with your currency needs come rain or shine. Call us now on 0800 328 5884 should you wish to discuss any upcoming requirement, and one of our bright and friendly traders will be happy to assist you.

Breaking news yesterday evening & overnight

Yesterday evening saw the release of the FOMC minutes over in the U.S and comments made by the Fed confirmed they are worried about sluggish job growth and the recovery will be slow, usually one would expect Dollar weakness but this morning we have actually seen the opposite, proof there if still confidence in the Dollar.

We also saw the release of Trade balance and retail sales figures for Australia which came out slightly better than expected and has led to early morning gains for the Australian Dollar.

Today’s Data

Today promises to be an interesting day on the markets most notably with the Bank of England interest rate decision at 12:00pm and you should certainly speak to your account manager here at Foreign Currency Direct about the effects it may have on your particular purchase:

10:00am – European Retail Sales – This data may cause volatility for the Euro should it come out any different than the 0.1% increase expected.

12:00pm – Bank of England interest rate decision – No changes to interest rates are expected and this should be a low key decision however as regular readers must be aware the Bank of England do like to surprise us and any mention of future interest rate movements, economic policies or quantitative easing may cause large market movements.

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

Snow joke for Britain as the big freeze starts! GBP could potentially take a hit!

Britain has been hit by lots of snow and freezing cold temperatures - unlike many other countries this mean we have pretty much ground to a halt!

This could lead to Sterling weakness in the near future as retail sales figures are heavily reliant on weather alongside businesses losing £millions due to staff not turning up and operations not running as normal so be aware upcoming data for the U.K from January (usually released in February) may now be poorer.

Tuesday’s trading continued a poor start to the new year for the struggling pound. Sterling dropped against all major currencies for the second day running after peaking between Christmas and new year. Sterling fell on the back of weak economic data, coupled with some market jitters as the election campaign gets under way, and the spotlight comes back on the UK’s level of debt.

Morning data for the UK showed that British Construction activity contracted for the 22nd consecutive month, supporting concerns that the UK recovery is lagging behind that of other major world economies, in particular the US and Euro-zone. Construction PMI figures rose to 47.1 from 47 last month, but were somewhat short of analyst’s predictions of an increase to 47.8 causing the pound to drop in the morning session.

Election Campaign Begins…

As the various parties begin campaigning for a ruling position in the UK, concern is building in the currency markets about how the UK will tackle its ballooning deficit over the coming years. I personally feel that this year’s election could cause more volatility in the currency markets than previous years due to the importance of cutting the UK’s debt level, particularly from a Sterling point of view as this has been the main factor weighing on its value over previous months.

The biggest fear for investors is the potential risk of a hung parliament, the outcome where no single party commands an overall majority. Analysts believe that an outcome of this sort would make it incredibly difficult for the government to carry through the necessary measures to successfully reduce the level of debt.

"Sterling did sell off after the construction data, but it's largely the political backdrop that is the focus at the moment," said Christian Lawrence, FX strategist at RBC Capital Markets

The general election has to be held by June and I expect a rocky ride for the pound during this time.

Retail Recovery?

After UK Retail Sales dropped in November, John Lewis have given hope to an improvement in the month of December after reporting record sales for the Christmas season. Revenue in stores breached £500m in the 5 weeks leading to January, a 12.7% increase on figures from last year. Clearance sales were pinpointed as the main driver for this performance as companies looked to end 2009 on a high. Sister company Waitrose also reported a notable increase on last year. Retail sales can be fragile however and one major factor likely to influence figures in December and indeed January is the deepening winter conditions which will directly affect individuals and businesses alike as the snowy conditions restrict transport options. You will be pleased to hear however that whatever the weather, FCD will be here on hand all opening hours to be of assistance!

The Rest of the week….

After a quiet start to the week on the data front, the rest of the week holds a few more key releases to watch out for. The main event for the UK is the interest decision on Thursday from the BoE. Expectation is for both the rates and QE policy to be held, however rumours of an extension to the programme have been increasing and a surprise announcement could be damaging to Sterling exchange rates. Anyone with a USD interest should keep an eye on the FOMC (Federal Open Market Committee) minutes tonight at 7pm and Non-farm payroll and unemployment rate on Friday afternoon. If future interest rate hikes are talked up in the minutes we could see the USD continue its run on the pound even further. For those with a Euro interest Retail Sales figures on Thursday and GDP and Unemployment figures on Friday could be key for the Euro. As ever these data releases are likely to offer some opportunities to both buy or sell foreign currency if timed right.

Here at FCD we aim to be your eyes and ears on the markets and so long as you make your account manager aware of your requirements, we can keep you informed of any favourable spikes to help maximise your transfer. If you account is not already up and running then you can activate one free of charge with no obligation here


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

Banks win court case over charges GBP stays steady pound sterling forecast and reports daily here at Currency Information

The long awaited court case between the banks and the public finally came to a conclusion today and the result came out in favour of the banks.

The court decided to overturn their original decision that would allow the Office of Fait Trading to look into just how fair the charges were.

This could lead to an estimated £2.6Billion of annual income being kept for the banks and a lot of bank customers feeling extremely aggrieved.

No major market movements have been seen following the decision but in my opinion had this gone the other way it could have been absolutely terrible for the banking sector in the U.K and may have not instantly moved the markets but would of bought further problems down the line so this is good news for those with upcoming transfers for Sterling to another currency.


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

Selling GBP to Buy Euro, Dollar, Australian Dollar, New Zealand Dollar, Swiss Franc or any other major currency Or Buying GBP with foreign currency

Today is extremely thin on the ground data wise with no data releases of note for any of the major economies - this could lead to market movements being based on confidence and carry trading as opposed to moving off the back of certain data releases.

At present, confidence in the U.K and indeed the Pound is slightly higher than it has been over the second half of the year but still reasonably low compared to other major world economies.

Carry trading is also playing a major part in the markets of late as well - this Particularly effects the Australian Dollar, New Zealand Dollar and South African Rand strength.

Carry trading is where an investor will borrow funds in a currency with a low interest rate (Japanese Yen,Dollar and British Pound) And then invest them in a currency with a much higher interest rate (Australian Dollar, New Zealand Dollar and South African Rand) - The investor then gets a higher return on their funds.

When confidence in the global markets becomes shakey investors tend to unwind their carry trades and pull the funds back into perceived 'safer havens' hence these currency pairings tend to move slightly differently than others from time to time.

For an insight in to what is due out next week and how it may effect any upcoming currency transfers you may have then do feel free to get in touch with me directly on the email or contact number at the top of this page.


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

GDP data due for Eurozone - expect EUR volatility - buying or selling foreign currency?? Contact me for further info on GBP EUR AUD NZD SEK forecast

This morning at 10:00am sees the release of Eurozone GDP figures which could cause high volatility should they not come out as expected. Analysts are predicting the European economy as a whole to have grown by 0.5% however as many of you are aware analysts predicitons are not always right.

Personally I think the figures will come out worse than expected as there are still a number of economies that are dragging down the rest in Europe... my personal prediction and this is by no means certain to happen is GBP EUR to be in the high 1.12s by the end of the day.

Sterling has been undervalued for some time and even now when geting the odd bad releases still doesn't seem to want to weaken too much.

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