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

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[09:07:23] Chris Knights:

Gordon Brown speaks - Pound loses further value against EUR USD AUD NZD CAD CHF

Prime minister Gordon Brown spoke today and following the usual pattern of Mr Brown, Alistair Darling or Mervyn King speaking Sterling has continued to lose value against a basket of major currencies over the course of the day.

Brown said that the Bank of England had his full support when it decides to halt the growth boosting Quantitative easing scheme however reversing this stimulus package too soon would "imperil the recovery".

The U.K is emerging from its deepest recession in decades at a snails pace as the initial scheme filters through the economy.

Any mentions of further QE or extensions of the QE program have tended to lead to Sterling weakness so Browns words may have been taken as negative for the Pound as it suggests the program may be dragged out further than originally expected, not good news for those of you with upcoming requirements to send funds overseas thats for sure.


This is a brief summary of todays report, should you wish to make a currency enquiry Email Me
I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you 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.

Have a great day and thanks for reading!

Daniel Wright

Further Sterling losses inearly morning trading - Pound loses ground against USD EUR AUD NZD CAD CHF

Sterling has made a poor start to the weeks trading losing ground against a basket of major currenices.

This appears to be down to two things... Firstly a report came out over the weekend saying that the U.K may not increase interest rates above 2% within the next 5 years, due to inflation pressures.

Interest rate hikes generally have a positive effect on the currency concerned and a cut in rates generally a negative effect, so news that we may not see many hikes over a long period of time has obviously led to weakness.

Alongside this release over the course of the day MP's shall be finding out how much of their expenses are due to be paid back, political certainty is one of the four points of the currency compass along with economic stability, acts of terror and acts of god. Any big shocks from the more prominent members may lead to further Sterling weakness.

This is a brief summary of todays report, should you wish to make a currency enquiry Email Me
I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you 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.

Have a great day and thanks for reading!

Daniel Wright

Currency Information - The week ahead for GBP USD EUR NZD CHF AUD JPY DKK AED and more

A pretty busy week ahead on the data front, asides from any surprises that may pop up as they have been tending to in the current market as i'm sure many of you are aware!

Monday

Monday is reasonably quiet on the data front with the main data release being the Swiss National Bank interest rate decision at 13:00pm - no major changes are expected however listen for economic announcements around it.

Tuesday

The first seconds of Tuesday bring some intresting releases firstly with the Retail Sales for New Zealand.... will they continue to get stronger and stronger?? At the same time two key releases for the U.K with the RICS (Royal Institute of Chartered Surveyors) house price data, prices have been on the up recently but sadly the Pound has not followed suit! Also U.K retail sales makeup the three midnight releases, so Sterling could move sharply early morning on Tuesday morning so be aware...

At 02:30am Australia release their business confidence and with pretty much every Australian release being better than expected lately will be see the AUD improve once more??

U.K CPI and Eurozone ZEW Index are out at 09:30am and 10:00am respectively.

Wednesday

Another late night one for Australian Dollar interest with business confidence at 01:00.

Japanese Yen volatility may be seen at 05:00am with the Bank of Japan interest rate decision.

09:30am brings unemployment data for the U.K which may set the tone for the day for the Pound.

The U.S Dollar is set for movement with retail sales data at 13:30pm and the Federal reserve meeting minutes at 19:00pm.

Thursday

10:00am there is a monthly report from Europe alongside thier key inflation data CPI and also 13:30 makes for a busy afternoon for the USD with CPI data and also unemployment info with Jobless Claims being released.

Friday

You can afford to relax data wise on Friday with some adjusted retail sales at 08:15am and just Canadian CPI data due at 12:00, mind you no day is guaranteed to be quiet on the currency markets so make sure you are still sharp as good buying opportunities can arise at any time!!

All in all as usual the week will bring volatility between all currencies if you don't have time to watch the market all day then make me aware of what you are looking to do and I can watch them for you.... there are many other options including limit and stop orders so feel free to contact me for a full explanation.

This is a brief summary of todays report, should you wish to make a currency enquiry Email Me
I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

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

Have a great day and thanks for reading!

Daniel Wright

Sterling ends the week with negative movement against most major currenices - despite positive data! drop against EUR USD AUD NZD ZAR CAD CHF DKK

Sterling has had a pretty poor days trading on the markets today, even though we saw better than expected Trade Balance and Producer Price index this morning for the U.K

This once again is worrying for those of you with upcoming needs to send money overseas, and fantastic news forthose bringing funds back as a result of overseas property sales or exporting of goods.

At the time of writing this post Sterling has dropped 0.60% against the Euro, 0.91% against the Dollar and 0.78% against the Australian Dollar.

Next week should bring an interesting week on the markets with a lot of important data due out for various economies... feel free to contact me and I will inform you of what is due that may specifically affect your requirement.



This is a brief summary of todays report, should you wish to make a currency enquiry Email Me
I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

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

Have a great day and thanks for reading!

Daniel Wright

Mixed news for Sterling overnight Pound holding steady against most major currencies EUR, AUD, USD, NZD, SEK, JPY, ZAR, CAD, MAD, CHF

Upcoming transfers - Do you want the good news or the bad news????

Overnight saw two important releases for the U.K by means of the consumer confidence figures and the revised GDP estimate for the U.K by the NIESR.

Consumer confidence came out positively rising to 71 from a predicted figure of 68. The data is measured on a level of 50 and any release higher than 50 is seen as good for the U.K and lower than 50 shows a negative on confidence so this release was good news for once in this miserable market we find ourselves in.

The bad news is that the NIESR (National Institute for Economic and Social Research) have now predicted there will be no change in GDP figures due to come out on 23/10/09 which suggests that the economy has shown no growth in the last quarter, analysts had been predicting a minor improvement.

GDP figures are a measure of whether or not the economy as a whole has grown in each quarter, two negative releases in a row means the economy is officially in a recession and then it requires a figure of 0% or positive growth to officially come out of one.

Hopefully this will mean the U.K may officailly be out of the recession come the end of the month, however looking at recent data we still have a long long way to go before things become rosy again, and with Australia and other economies seemingly strong the Pound may well still get worse before it gets any better.



This is a brief summary of todays report, should you wish to make a currency enquiry Email Me
I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

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




Have a great day and thanks for reading!

Daniel Wright

GBP - USD, GBP -EUR, GBP - ZAR, GBP - NZD, GBP - AUD

Sterling has continued to gain ground against a basket of major currencies throughout Wednesdays trading, great news for those of you with upcoming currency transfers from the Pound to another currency.

At the point of writing this mini report Sterling had gained 0.27% against the USD, 0.40% against the Euro, 0.83% against the Australian Dollar, 0.28% against the New Zealand Dollar and the highest mover of the day again - 1.46% against the South African Rand.

All eyes will now be on the interest rate decisions due out tommorow for the U.K and the Eurozone at 12:00pm and 12:45pm respecively. Although there aren't any major surprises expeceted with interest rates there is the possibility of a release regarding further Quantitative easing for the U.K.

This has happened over the past few months and on each occasion has had a negative impact on the value if the Pound, however after having brighter data released over the past week or so it is unclear as to what stance the Bank Of England will take on this.

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

Sterling strengthens following Nationwide house price data

Sterling has had a great start to Thursdays trading following extremely encouraging data released by Nationwide this morning.

Positive movements have been seen for the following.

GBP - EUR 0.63%
GBP - USD 0.79%
GBP - NZD 1.45%
GBP - JPY 0.83%
GBP - THB 0.77%
GBP - CHF 0.79%

The chief economist at Nationwide also added that he believed that prices may even end 2009 higher than they began the year - something that was totally unthinkable a number of months ago.

This has caused the Pound to gain ground against most major currencies and at the time of writing this report Sterling was up by 0.63% against the Euro and 0.79% against the Dollar - great news for anyone with upcoming overseas transfers.

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