Big day for Sterling - further Quantitative easing a possibility?? expect high volatility today GBP EUR USD SEK ZAR AUD NZD

Today has the potential to be the most volatile day of the week for Sterling as we see the release of the Bank of England interest rate decisioon at 12:00pm.

Although no changes to interest rates are expected all eyes will be focused on what is said regarding the quantitative easing programme.

Most analysts are expecting the BOE to announce pumping an extra £25billion into the economy this lunchtime and it may have already been factored into the market as the markets do move on rumour as well as fact. Should the BOE decide to go a little further and pump £50billion into the economy this could lead to major Sterling weakness however on the other side of things should they decide to leave any further QE for the time being we could see Sterling really rally.

My personal opinion is that it is a coin toss as to what will happen, if you go with the form of previous months the BOE will probably look to pump more money into the economy, leading to Sterling losing ground.

If I had to stick my neck out I would say that they are going to surprise us and hold fire with QE and see what happens over the next month.

Data of late has been much improved and personally as many major economists have mentioned it is working it is worth giving it more time to filter through.


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

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Daniel Wright

Pound Sterling strength - Gains for GBP against EUR SEK AUD NZD CAD CZK ZAR

The pound has started off the morning making gains against most major currencies and staying pretty much stable against the Dollar.

It appears confidence is slowly rising in the U.K and investors are once again willing to invest in the perceived 'Risky Pound'.

today is actually the final installment of Quantitative easing in the U.K and at present no further QE has been pencilied in - however be aware that following confirmation that the U.K is still well and truely in a recession there may be further QE announcements at next Thusday's Bank of England interest rate decision at 12:00.

The mere mention of more QE may lead to these gains dropping away, but then and again they may hold out for another month to see how things pan out with the current programme.

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

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Have a great day and thanks for reading!

Daniel Wright

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