Sterling report and forecast EUR USD CHF CAD AUD NZD ZAR SEK

Sterling report and forecast 16th March 2010 - 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, alongside providing vital information on upcoming data releases that may affect the cost of sending money overseas or bringing money back.

Monday’s movements
GBP-EUR (-0.38%) GBP-USD (-1.11%) GBP-AUD (0.84%) GBP-NZD (0.95%)

This report will include the following

• Federal reserve interest rate decision
• Bank of England minutes
• Media quote ahead of minutes
• What else may move exchange rates this week

Fed interest rate decision tonight

Tonight sees the release of the Federal Reserve interest rate decision which has the potential to be a big market mover for those with U.S Dollar or Arab Emirate Dirham interests. Especially as purely on the rate movements yesterday, a £100,000 transfer to Dollars at the end of the day instead of the morning achieved clients a whopping $1600 less for their money – don’t be caught out yourself this week, let your account manager know what you are looking to do and he can keep you informed of market movements to avoid a nasty surprise.

No change in rates is expected however the Fed have been known to surprise in the past (most notably of late when they raised their Fed funds rate completely unexpectedly) this action led to rapid and major Dollar strength.

Also investors will be keeping a keen eye on any comments regarding the U.S economy and how it is faring and with data looking slightly better of late across the pond it wouldn’t surprise me to see Dollar strength overnight tonight.

Bank of England minutes & media quote

The Bank of England minutes released tomorrow morning are also due to be a head turner as we get to see how many members of the MPC were in favour of reigniting the Quantitative Easing flame for the U.K.

Should it evolve that it was a close vote out of the 9 members for example 5-4 or 6-3 then it suggests there still is scope for QE at the next decision and you may see Sterling lose ground accordingly, on the other hand a clean sweep and 9-0 against QE should bring Sterling strength.

If you are concerned about how these two decisions may affect any upcoming transactions you have be it buying or selling currency why not do what many of my business clients are doing of late and place a limit or stop order ensuring that you are protected from adverse market movements and can budget for your purchase accordingly. Contact us directly on 0800 328 5884 for a full explanation on this simple action that could save you £1000s.

‘The minutes could lead to a shaky day for the Pound tomorrow. Should QE become the main focal point again investors may run like the wind from Sterling as it tallies up yet another reason to steer well clear of it.’

What else might affect exchange rates this week?

Obviously those readers that have bought or sold currency before are fully aware many surprises can pop up on the markets, however the following data is also out this week that may affect exchange rates for Sterling against the Swiss Franc, Canadian Dollar and the U.S Dollar.

17th March - Swiss Trade Balance data
18th March - Inflationary data for both the U.S and Canada
19th March - Canadian Retail Sales data

Buying or selling Euros? Greece is still a factor!

Those of you with Euros still to buy or sell should also be extremely wary of any further releases regarding the economic situation in Greece and how the Euro Zone are planning to attack it.

A decision is now fairly imminent and which way the market goes is all dependent on how it is taken by investors – once again another reason to consider the various options available to you inclusive of forward contracts, stop losses and limit orders to protect yourself from adverse market movements.


Should you have any questions or queries regarding anything in this report feel free to contact me directly on 0800 328 5884 or email me at djw@currencies.co.uk

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, have business transactions to carry out or need to get money overseas for any other reason 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!


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

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:

Stable start to the week for Sterling against most major currencies vs EUR SEK USD AUD NZD CAD THB and more

Sterling has started off the week reasonably quietly however expect much more volatility during the course of today's trading.

A couple of releases of note are firstly the retail sales figures that came out this morning which came out pretty much exactly as expected at 4.2%.

House price balance data is also due out over the course of the day and the U.K could really do with the housing market to assist in pulling us out of a recession.

Personally, I believe over the next decade and onwards the U.K will become a little more European when it comes to home ownership/renting and many more of the younger generation will decide to rent which could push housing demands down and therefore prices down with it.

On the markets today we see a flurry of data for the U.S with Trade balance figures and the Fed's Beige book released later, this is a key indication as to how the U.S economy is fairing and could lead to Dollar volatility.

Also today we have seen Australian home loans down by 5.6% in November leading to Australian Dollar weakness.

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

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

Sterling movements today - unemployment data for U.S could bring big movements for the Dollar - so far strength against EUR SEK CAD ZAR AUD NZD & More

Sterling has started the day off gaining ground against a basket of major currencies - this may be due to investors once again being more willing to invest in the so called 'riskier' pound leading to gains accross the board.

Today is reasonably thin on the ground data wise for the U.K however we do have Non farm payrolls employment data for the U.S which can cause huge volatility some months as expectations can be majorly different to expectations from time to time.

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

Sterling weakness in early morning trading - losses against USD EUR JPY DKK CHF CAD small gains against SEK ZAR AUD NZD buy sell

This morning has seen Sterling lose ground against a basket of major currencies and also gained ground against the antipodean currecnies.... potentially down to carry trading which has once again become a major factor in the markets.

There is no major underlying factor I can see at present as to why the Pound has lost ground in general although the dust still may be settling from the GDP figures yesterday. Although they were not too bad and came out exactly as expected some investors may have gambled on figures coming out even better hence the losses.

Also, the news that big banks will have to declare how many of their U.K employees are earning over £1million - I personally think this is a stupid measure as it may eventually push financial institutions away from the U.K which in turn would not assist the economy at all........... We now have to rely on our financial sector and indeed the banks to make the U.K money as slowly but surely our manufacturing sector grinds to a halt and we no longer made anything!!

Today is thin on the ground data wise with nothing out for the U.K - although surprises do pop up all the time so it is always imperative you have someone watching the market so that you don't have to.

If you do have an upcoming transfer then feel free to contact me to discuss your options inclusive of forward contracts, stop and limit orders.

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

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

Due to buy or sell EUR USD AUD NZD SEK ZAR CHF or one of many other major currencies? Volatile day ahead for Sterling unemployment and inflation data

The Pound faces a rocky day on the currency markets as a flurry of important data is due to be released this morning, starting off at 09:30 where we see some unemployment data followed by the Bank of England quarterly inflation report and Mervyn King (Governor of the BOE)speaking at 10:30am.

Both should bring volatility - the unemployment could cause movements dependant on whether or not it comes out better or worse than expected and indications on how the BOE plan to battle the economic and inflationary situation over here should lead to movements one way or another.

My personal opinion is that we may see some weakness today, unemployment is a coin toss as to which way things will pan out but I believe it may be slightly worse than expected and Mr King is notorious throughout 2009 for talking the Pound down - my opinion is that Sterling - Euro may finish up the day in the 1.10s however I could easily be wrong and eating my words in 15 minutes time!!

Should you wish to discuss an upcoming transfer no matter how big or small with me personally do feel free to contact me either by emailing djw@currencies.co.uk or calling my direct line 01494 787462 for a friendly and impartial information on how to achieve a great exchange rate.

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

Sterling loses ground over afternoons trading due to Kraft bid - Swedish government also expect 2% growth in 2010 - losses against SEK EUR AUD NZD CHF

Sterling took a tumble over the afternoons trading which appears to be down to a spectacular bid by Kraft to take over Cadbury, however this bid has remained rather hostile.

It appears now that the takeover may well drag on longer than expected meaning that Cadbury's shares have lowered and the potential merge (seen as positive for the U.K economy) may be a lot further away than first thought.

"The Kraft/Cadbury bid took a bit of the shine off sterling. It will have an M&A effect (in favour of sterling) at some point in the future, but the currency influence will be much further down the road and this isn't a currency issue right now," said Maurice Pomery, managing director at Strategic Alpha.

Sterling also lost against the SEK following a report from Sweden that the government now expect their economy to have grown by 2% in 2010.

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

US out of a recession GBP gains against USD EUR - makes losses against ZAR SEK AUD NZD CAD

Today saw news from over the pond that the U.S is officially out of a recession, leaving the U.K out in the cold and facing further embarrassment over the length of our recovery.

Surprisingly sterling has actually gained well over 1% against the Dollar over the days trading which is precisley the opposite one would expect from a currency that is tagged to an economy still in a recession against one that has just been announced that they are well and truely out of one!

The reasons behind this may be as follows:

General confidence has been bought accross globally as the U.S being a major economy and reporting such good figures generally means eventually other economies should follow suit.

Investors are now a little more willing to shift their funds into perceived 'riskier' currencies such as the Pound at present.

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

Sterling strength as confidence in the Pound still seems to remain high - recession or no recession! GBP EUR USD AUD NZD SEK CHF DKK

Yesterday's trading saw a surprise increase in the value of Sterling against a basket of major currencies as it seems that although we are still quite clearly in a recession investors still have confidence in the U.K

My personal opinion has been for a while that Sterling is undervalued and we have taken more of a hit than we should have during the global situation however things may dip once again before they get better.

This feeling may now be echoed by major investors hence the marked improvement in rates over the past 24 hours when economic data has been thin.


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

U.K still in recession - Pound Sterling weakness against USD EUR SEK AUD NZD DKK - Pound Sterling GBP Forecast for the week ahead

The Pound had a terrible day on Friday following the unexpected official figures confirming that the U.K is well and truely still in a recession.

Most analysts had predicted that we would see growth of 0.20% over the last quarter however figures released actually confirmed that the economy contracted by 0.4% - a massive difference and as the markets move on rumour as well as fact Sterling instantly started to make losses against a basket of major currencies.

The markets would have previously factored in positive news and as soon as the information came out it once again led to the two steps forward then three steps back pattern the Pound has adopted this year.

I have previously in this report said and I will say again that I believe Sterling is currently undervalued however it will probably not be until at least the turn of the year before we see any marked improvement...

The Days ahead -

Monday

Today appears to be extremely quiet data wise however be aware of any unexpected announcements. German consumer confidence data came out first thing and was a little worse than expected which may lead to early Euro weakness.

Tuesday

Consumer confidence for the U.S is released in the afternoon & Washington in the evening alongside a minor bit of data out for the U.K first thing in the morning, expect volatility should either release be different than expected.

Wednesday

An inflation release in the first few minutes of Wednesday for Australia by means of CPI data, New home sales data in the afternoon for the U.S and a big one for the New Zealand Dollar late at night as they release their interest rate decision - will they go down the same route as Australia and hike rates?

For those of you that aren't aware an interest rate rise generally leads to positive movement for the currency concerned and a rate cut is generally negative as investors look to move their funds somewhere where they will achieve a higher return for their money.

Thursday

Half past one brings out some important information for the U.S as they release their GDP data confirming whether or not they are still stuck in a recession.

This data should lead to volatility on the markets for the Dollar and may well have a minor affect on Sterling as a well known saying on the markets is that when the U.S sneezes the U.K catches a cold so it may well indicate what is to come over here.

In short, yet another volatile week ahead and reasonably quiet data wise for the U.K however anything may pop up over the course of the week and investors will more than likely still have the R word for the U.K ringing in their head which could lead to further weakness.

This is a brief summary of todays report, should you wish to know more email me directly or click below 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