Sterling Euro Swiss Franc U.S Dollar Canadian Dollar Exchange rate forecast today

Exchange rates are once again in for a volatile day on the markets with U.K public sector net borrowing figures alongside the M4 money supply figures.

We are also due to see Euro Zone Consumer cConfidence figures due out at 10:00am and some Swiss ZEW index data which may effect the strength of the Euro and Swiss Franc.

Data of note from accross the pond includes some inflation data for the U.S and also for Canada so be aware that this could cause movements over the lunchtime period.

All data releases shall be put into a glossary within the website shortly so that you can understand what they are and how they may affect your upcoming purchase.


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!!

Sterling strength ahead of BOE minutes and unemployment data exchange rate news Euro Dollar Swiss Franc Swedish Krona South African Rand

This morning the Pound has started to climb against a basket of major currencies ahead of a few key data releases of note being the Bank of England minutes and also unemployment data both due out this morning.

The minutes should confirm how many members of the BOE were in favour of halting the current QE also how they plan to tackle inflationary issues going forward.

Unemployment figures are expected to look deceptively healthy due to the number of people forced to take on part time jobs in the U.K

Should this be the case and figures come out better than expected then we may see Sterling strength throughout the day.

U.S Federal Reserve Minutes

Like its UK equivalent, the US Federal open Market Committee minutes are sure to cause ripples for the world’s largest economy.

They may give an insight as to if or when the US is able to start raising interest rates which is likely to impact on the price of the Dollar. Since many commodities are priced in the greenback this has huge significance for various market sectors and may affect a currency pair you had not considered.

With gold being priced in Dollars, and South Africa being the world’s largest single producer of gold, as the Dollar rate changes, so does the amount of gold investors can afford, and therefore the ZAR strengthens or weakens as a result.

As you can see the impact of the US information out this afternoon doesn’t only affect clients looking at buying or selling Dollars directly but also those clients looking at a range of other currencies.

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!!

Sterling movements ahead of pre budget report - Exchange rate against dollar euro swiss franc swedish krona south african rand

Sterling has had a mixed start to the day with consumer confidence coming out slightly better than expected and trade balance figures a little worse

Upon entering the office Sterling had lost ground against a basket of major currencies however we have recently seena fightback over the past hour or so.

All eyes will now be eagerly awaiting the pre budget speech and what Alistair darling has to say - following the pattern of 2009 pretty much every time Mr Darling speaks Sterling tends to tumble so will things be different today????

I believe we should know more by lunchtime so check back later for information on what was said and any rate movements that have resulted from them.

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 exchange rate news currency information for upcoming transfers overseas - buy or sell euro dollar Swedish kroner Swiss Franc, Yen Rand

Sterling has taken a tumble in early morning trading due to much worse than expected industrial and manufacturing production, alongside worse than expected house price data.

At the time of writing this post Sterling has slipped 0.47% against the Euro, 0.34% against the Dollar, 0.46% against the Australian Dollar, 0.72% against the New Zealand Dollar, 0.54% against the Rand and 0.43% against the Swedish Krona.

This is all down to data coming out worse than expected as mentioned above and is not great news for the Pound however there is plenty more data out during the week that may affect the cost of any upcoming transfers.

The rest of the day is reasonably quieet unless any unexpected announcements come out that hint at potential QE (Quantitative Easing) decisions at the Bank of England interest rate decision due out on Thursday - should they mention further QE we could see Sterling lose ground and should they mention that it could come to an end then we could see Sterling strength.

Alongside this we have consumer confidence due out overnight and the pre budget speech and trade balance figures tommorow so it is imperative that you keep a close eye on the market to maximise your transfer.

If you do not have time to then contact me and I will happily do it for you to the best of my ability.



HIS 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 has a mixed start to the day - strength against the Euro, Swiss Franc and Dollar AED - Losses against AUD NZD CAD & ZAR

This morning has seen a mixed start to the month for Sterling - In early morning trading the Pound has made losses against the Australian Dollar, New Zealand Dollar & South African Rand whilst making gains against the Euro and Dollar.

The losses may be down to carry trading as it merely seems to be the Antipdean currencies that have gained strength against the Pound.

The gains by the Australian Dollar will have been mainly down to the interest rates over there being increased by 0.25% very early this morning (the third monthly increase in a row).

When an economy raises interest rates it generally has a positive effect on the currency concerned as investors look to shift their funds to higher yielding currencies to get a better return for their money.

There is now concern that the Pound may have a poor December - i'm not 100% convinced however there are worrying signs slowly creeping in again so we could easily see another dip before things start to pick up again.

I personally believe that the early part of next year is when the Pound will start to gain ground as it is currently clearly undervalued in my opinion. Once we are confirmed as out of a recession and data releases/confidence starts to come back into the U.K I think things will serioyusly pick up speed again - providing our banks have not invested too heavily in Dubai!!!




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 report and forecast - exchange rate information for the Pound against Euro, Dollar, Swiss Franc, Australian & New Zealand Dollar and ZAR

Sterling report – Trading yesterday

Yesterday bought a relatively quiet day for the markets in stark contrast to what we have seen of late, with the high-low point of the day between Sterling and Euro being no more than 0.60% different and Sterling - Dollar experiencing no more than a 0.70% change -certainly different to what we have been used to throughout 2009 and important for those looking to exchange currency.

The losses Sterling made against many major currencies appear to be down to the potential of a hung parliament. A hung parliament is a situation whereby no particular political party has an outright majority which leads to periods of uncertainty on fiscal policies and many other factors including economic approach.

Political certainty is one of the four points of the currency compass which also includes economic stability, acts of terror and acts of god – all four of these effect the value of a currency and looking at the economic situation in the U.K over other economies alongside this matter Sterling may start to lose ground in the lead up the Christmas again this year.

Many investors will be eagerly awaiting the release of revised GDP figures tomorrow as mentioned in yesterday’s report, the revision is set to show a minor improvement and any change to this could bring major Sterling volatility.

The pattern over the past few months for the Pound has been taking two steps forward then dropping three steps back as I’m sure many of you are aware, so if you do have an upcoming currency requirement it may be prudent to take advantage of current rates before Sterling even has the chance to drop away again.

Busy day ahead for the Pound, Euro, Dollar and Swiss Franc

Today promises to be very interesting day on the markets, particularly for those of you with upcoming transfers to make that are keeping a keen eye on the current exchange rates.

Earlier this morning saw the release of GDP data for Germany at 07:00am, which came out exactly as expected so no major market movements have been seen off the back of this.

The rest of today is key so if you have any upcoming transfer involving any of the currencies mentioned then you should call your account manager here to discuss what effect the following data may have on your transfer.

At 09:00 we see Swiss unemployment data released so the CHF may well move off the back of this and then the U.K release mortgage approvals at 09:30am - A key indicator as to how the housing market in the U.K is fairing and this can have a large impact on the value of Sterling.

At 13:30pm the U.S take their turn and release their revised GDP figures in what is a huge day for the Dollar.... not only do they release GDP but on top of this we see Consumer confidence and housing price data at 15:00pm followed by the FOMC minutes from the previous interest rate decision at 19:00pm.

This could lead to large movements so if you do have an upcoming USD transaction whether it be buying or selling it is imperative you are in close contact with someone that can inform you of what is happening throughout the day.

Mervyn King and others also address a treasury committee today and traders eyes will be looking for indications on future plans as they release their latest inflation report, this could affect Sterling against all major currencies.

AUD, NZD & ZAR exchange rate movements

Many followers of these currencies will have noticed a fair bit of movement of late which I can personally place down to carry trading – carry trading is where an investor borrows money from a currency with a low interest rate (GBP, JPY) and invests it in one with a much higher interest rate (AUD, NZD, ZAR) therefore making their money on the return from the higher yielding currency


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

Selling GBP to Buy Euro, Dollar, Australian Dollar, New Zealand Dollar, Swiss Franc or any other major currency Or Buying GBP with foreign currency

Today is extremely thin on the ground data wise with no data releases of note for any of the major economies - this could lead to market movements being based on confidence and carry trading as opposed to moving off the back of certain data releases.

At present, confidence in the U.K and indeed the Pound is slightly higher than it has been over the second half of the year but still reasonably low compared to other major world economies.

Carry trading is also playing a major part in the markets of late as well - this Particularly effects the Australian Dollar, New Zealand Dollar and South African Rand strength.

Carry trading is where an investor will borrow funds in a currency with a low interest rate (Japanese Yen,Dollar and British Pound) And then invest them in a currency with a much higher interest rate (Australian Dollar, New Zealand Dollar and South African Rand) - The investor then gets a higher return on their funds.

When confidence in the global markets becomes shakey investors tend to unwind their carry trades and pull the funds back into perceived 'safer havens' hence these currency pairings tend to move slightly differently than others from time to time.

For an insight in to what is due out next week and how it may effect any upcoming currency transfers you may have then do feel free to get in touch with me directly on the email or contact number at the top of this page.


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