Pound Sterling strength - forecast for today for GBP - EUR GBP - USD GBP - AUD GBP - NZD GBP - SEK GBP - CAD

Sterling has continued it's rally in early morning trading gaining ground against a basket of major currencies ahead of the retail sales data due out for the U.K at 09:30am.

Predictions are for a minor increase month on month and should we see this the Pound could gain further ground likewise worse than expected could lead to weakness.

There seems to be a 'feel good factor' with Sterling at the moment and even the usual figures that have been talking things down of late (Alistair Darling & Mervyn King) appear to have switched to the cup being half full as opposed to the half empty stance we have witnessed over the past few months - leading to the large losses we have seen.

It's a big day for the U.K tommorow as GDP (Gross Domestic Product) figures come out - This release should see the U.K officially out of a recession, which could lead to the ound capping the week off on a major high.... Obviously any release that differs from this could do quite the opposite and lead to large losses - it is certainly one to keep an eye on and comes out at 09:30am tommorow morning.

This is a brief summary of todays report, should you wish to know more email me directly or click bolw to read the latest update on our website. 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 quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

GBP - EUR GBP - USD GBP - AUD GBP - ZAR GBP - NZD Interest rate decision day for the U.K

Sterling has started early morning trading off staying reasonably stable against most major currencies, although it has lost minor ground against the Australian Dollar due to unemployment DROPPING over there - quite a sign that they a seem to have managed to avoid major problems during this global situation.

The Pound has also gained once again gained a large amount of ground against the South African Rand and is 1.24% up at the time of writing this report - this looks to be due to South Africa's biggest union threatening to strike at state power utility Eskom from next week onwards essentially shutting down power accross the country to press wage demands.

Interest rate decisions are due out today at 12:00pm and 12:45pm for both the U.K and the Eurozone respectively and although no major movements in rates are expected any announcements on Quantitative easing for the U.K or hints for future economic stimulation in the head of the European Central banks speech afterwards may cause volatility.

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

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

GBP - EUR GBP - USD GBP -AUD GBP -NZD GBP -ZAR and a basket other of major currencies - morning report

Good morning readers,

Sterling has started the day off without any major movements against the USD, EUR, AUD or NZD but quite a big movement has been seen against the ZAR.

Already in early mornings trading Sterling - Rand has gained nearly 1% which is quite a significant movement, and could mean quite a large difference on the cost of any upcoming purchase.

Data due out today includes some manufacturing data out for the U.K at 09:30am - following the extremely positive PMI (Purchasing Managers Index) release on Monday which caused Sterling strength, i would expect this release to also come out a little better than expected which could lead to further Sterling strength - although the currency markets do like to surprise us so be aware that anything can happen!!!

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

GBP - EUR GBP - USD GBP - AUD GBP - ZAR GBP - NZD forecast and update

Following Sterlings solid day on the markets yesterday we have seen early morning positive movements again against a basket of major currenices.

Sterling pushed through the 1.70 mark against the USD, bringing a new year high and potentially a smile on the face of those of you needing to send funds to the U.S or to buy AED, as the two are both directly pegged.

The Reserve Bank of Australia kept interest rates on hold overnight, and after minimal talk of interest rate hikes over there recently we have gained a little bit of ground off the back of that and started moving onwards and upwards from the 2 mark - lets hope it lasts this time!

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 strength GBP - USD GBP - EUR GBP - AUD GBP - ZAR

Good morning to my regular readers, I hope you had a great weekend.

If you have an upcoming transaction to send money overseas then it is also a great start to the week for you as well, as Sterling has strengthened significantly in Monday mornings trading.

This is all off the back of some much better than expected growth for manufacturing in the U.K with the release of the Purchasing Managers Index. This data captures business conditions in the manufacturing sector and any figure above 50 is seen as bullish for the U.K economy.

The figure actually came out at 50.8 which is extremely promising news as this data also make up a large part of the GDP figures so it indicates that we are making headway towards coming out of the recession.

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