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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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

Minor Sterling strength ahead of key GDP data - Pound gains against JPY CAD DKK CHF THB HKD USD EUR - Still minor losses against AUD NZD ZAR

Sterling has made minor gains against a basket of major currencies in early morning trading as investors heads turn towards key GDP (Gross Domestic Product) data whereby the figures released last month of a contraction of -0.4% are set to be revised to -0.3%.

The release is due out at 09:30am and should figures come out any worse or better than expected we could see major market movements for Sterling against every major currency.

There is big news due out today for the U.K regarding banking charges and with over 1million people seeking to claim these back this could lead to major concerns once again for the banking sector.

Should the public win the court battle this could lead to huge changes in the way our bank accounts are run in the U.K, we could see monthly charges just to have an account, charges to withdraw from ATM's and basically charges for everything in the banks bid to recover their money - personally I can't see this being too positive for the Pound.

Elsewhere, South Africa are now officially out of a recession in news announced yesterday so good news for the Rand, yet another economy to have come out before the U.K!

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

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

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

Pound Sterling Forecast - GBP continues losses in early morning trading - GBP weakness against EUR USD SEK AUD NZD CHF ZAR CZK JPY

Following a mixed bag of data overnight and this morning for the Pound - Sterling has made considerable losses against most major currencies in early morning trading.

RICS - The Royal Institution of Chartered Surveyors announced overnight that they now believe house prices will continue to rise from here forward and buyers are now outnumbering sellers pushing prices back up.

On the other side of the coin, Barclays nine month profits have fallen by a fifth which may be down to the fact they were hit by £6.2 Billion in charges to cover bad debts.

There are a number of banking releases due in the next few weeks and with the banks being headline news throughout 2009 this information tends to have more of an effect than it used to on the currency markets.

Should you wish to discuss any upcoming transfers or merely have a question about this report or the service I offer please email me at djw@currencies.co.uk

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

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

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

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

Minor Sterling strength following better comments from King and ahead of BOE minutes - strength against USD EUR AUD CAD ZAR CHF SEK

Sterling has started off the day gaining ground against a basket of major currencies following much better than expected comments from BOE governor Mervyn King regarding the U.K's economic position.

We also saw a release from the CBI saying that they believed the economy would grow by 1.3% next year - a slightly better figure than was mentioned by Earnst & Young in a report over the weekend.

Everyone will be eagerly awaiting the release of the BOE minutes this morning at 09:30am and the mention of Quantitative Easing - should it be mentioned that QE has come to an end one would expect major Sterling strength and weakness should it be mentioned that there is more to come.

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

Pound Sterling strength huge movements in the right direction against all major currencies USD EUR NZD AUD CAD DKK SEK ZAR JPY

The first few hours of U.K trading have seen massive gains for the Pound against all major currencies inclusive of 1.73% against USD 1.73% against EUR 0.89% against NZD 1.17% against AUD 1.93% against ZAR and 1.65% against CHF.

This is fantastic news for anyone looking to send money overseas and if you have a upcoming transfer it may be worth taking advantage of!!

It is all off the back of two things - Unemloyment data shown in an earlier post and a member of the Bank of England MPC (Monetary Policy Committe) saying that he believes that Quantitative easing is now over for the U.K.

This is major news as every time further QE is bought in or mentioned we tend to see Sterling weakness, and with the market moving on rumour as well as fact this has meant major positive movements for the Pound.

This is a brief summary of todays report, should you wish to make a currency enquiry click this banner and remember to ask for DANIEL WRIGHT quoting CURRENCY INFORMATION to ensure you are put through to the author of this blog 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

Unemployment data slightly better than expected for U.K - Minor strength against USD EUR CHF CAD - still losses against AUD JPY and ZAR

Unemployment data released this morning was ever so slightly better than expected leading to minor Sterling strength against most major currencies.

Although it was actually better than expected the figures are still pretty poor.

The Pound has still lost ground against the AUD, JPY and ZAR which may be down to carry trading - this is where investors borrow money from a currency with a lower interest rate then invest it into one with a much higher interest rate - making money on the difference.

This was a major factor in market movements last year and it appears investors have started to do it again.

This is a brief summary of todays report, should you wish to make a currency enquiry click this banner and remember to ask for DANIEL WRIGHT quoting CURRENCY INFORMATION to ensure you are put through to the author of this blog 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

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

Pound Sterling drops once again following poor manufacturing data - drops against EUR AUD NZD SEK DKK CHF CZK ZAR CAD JPY - Small gain on USD

This morning has seen Sterling once again start to falter against a basket of major currencies following much weaker than expected manufacturing data, however a house price release from Halifax came out slightly better than expected - so not all bad news for the U.K

Although the data released this morning was a mix of positive and negative the Pound has dropped by 0.40% against the Euro, 0.49% against the New Zealand Dollar, 0.36% against the Rand and 0.51% against the Swedish Kroner.

Sterling has also dropped against the Australian Dollar but this is mainly due to the Reserve Bank of Australia surprisingly raising interest rates by 0.25% to 3.25% overnight.

For those that aren't aware, an interest rate hike usually is seen as positive for the economy in question and a drop negative, as investors look to shift their funds into that currency for a better return.

The AUD and NZD may still strengthen off the back of this, as people may start to look at carry trading between Sterling and the currencies that are currently benefiting from higher interest rates.

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

Sterling strength against most major currencies - EUR AUD USD DKK NZD CHF CAD ZAR THB

Today has certainly been a lot more refreshing for my clients that have upcoming transfer from Sterling to other currencies, as today Sterling has actually gained ground against a basket of major currencies.

This appears to be down to a CBI (Confederation of British Industry) Distributive Trades Survey. The CBI is an indicator of short term trends within the U.K retail and wholesale distributive sector. A high reading is seen as positive and a low reading negative for the Pound, and although predicted ato come out as -15 the level actually came out at 3 - Much better than expected!!

This may only be a short term spike as mentioned in previous posts it appears that our Government, Central bank and media all seem set on pushing the Pound back down to lower levels, however there are many surprises on the markets these days so further positive news like this and one would imagine Sterling will be making a solo fightback.

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