Important week of data for the Pound - expect volatility for GBP against EUR USD SEK CHF CAD NZD AUD ZAR

Good morning all and I hope you had a great weekend.

Important week ahead on the data front for the U.K with a couple of key data releases that could set the tone for the month.

Today is generally looking rather quiet however in the first seconds of tommorow at 00:01pm with a double release starting with the BRC (British Retail Consortium) releases retail sales figures of which I personally think may be pretty badly hampered due to the weather conditions in January.

At exactly the same time we also have the RICS (Royal Institute of Chartered Surveyors) announce house price data.

Both of theses releases have the potential to cause major market movements overnight so make sure you have limit or stop orders in place should you have a trade to carry out.

U.K GDP estimate is next on Wednesday released by the NIESR (National Institute of Economic and Social research). Following last months figures annoucing we are out of a recession officially all eyes will be on this estimate and just how much the poor weather is believed to have knocked us back.

Also on Wednesday BOE governor Mervyn King speaks at 10:30am alongside presenting his BOE inflation letter - this could cause high volatility depending on what is mention for the U.K's economic plans going forward.

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

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

[09:07:23] Chris Knights:

Interest rate decision day for U.K and Euro Zone - Expect Sterling - Euro Volatility GBP EUR USD AUD NZD CHF CAD

A busy day ahead is expected on the currency markets for a basket of major currencies with two key interest rate decisions for both the U.K and the Euro Zone, alongside unemployment data for the U.S and a few releases of note for Canada.

The Bank Of England are first to step forward and release their interest rate decision at 12:00pm and although no change in rates are expected all eyes will be on whether or not the plan to draw a line under the Quantitative Easing plan which currently stands at £200Billion. There are a lot of major analysts and investors that believe that the plan has not worked so far so should the BOE not rule out continuing it we may see Sterling weakness.

Next is the European Central Bank at 12:45pm and once again no change in rates is expected however generally after the announcement president Jean Claude Trichet speaks about future economic policy so any mention of future rate hikes could still lead to volatility for the Euro.

Should you have a Pound to Euro transaction in either direction to make it may be prudent to get in touch with your account manager here at FCD this morning to discuss the many options available to you inclusive of forward contracts, limits and stop orders. If you do not already have an account open click here to open one right now – it’s free and carries no obligation to trade.

Following this decision at 13:30pm we see a flurry of U.S unemployment data which can cause a lot of volatility for the Dollar which has now been notably tipped to gain against the Pound in the coming months.

"Superior U.S. versus UK GDP growth differentials, UK election uncertainty and the risk of a UK ratings downgrade cast a dark cloud over the GBP/USD outlook for the next few weeks and months," said Kenneth Broux at Lloyds TSB.

With potential movements like this anyone with an upcoming USD or AED (pegged directly to the Dollar at a rate of 3.6725) transaction may want to seriously consider their options and by calling us on 0800 328 5884 you are one step ahead.
15:00pm brings PMI data for Canada which measures the general business conditions for the economy any change to what is expected could lead to medium market movements.

If you would like to discuss any of the information in this report and how it may affect your transfer do feel free to email me

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:

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

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

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

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

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me




Have a great day and thanks for reading!

Daniel Wright

Pound sterling weakness against Dollar and gains minor ground on Euro

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

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

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

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

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me




Have a great day and thanks for reading!

Daniel Wright