FX Today-Currency Exchange Rates

Today's Euro Forecast

2010-09-13T08:07:00.003+01:00

Sterling has dropped recently as many releases have shown that the UK economy is recovering slower than first expected. The recent talks of further Quantitative Easing (QE2) has also meant further pressure on the Pound vs Euro exchange rate. Previously, when the BoE has commented about the policy of printing more money we have seen Sterling fall against the single currency. The Euro has been gaining strength against the Pound following a raft of weaker than expected UK data so this trend may continue during the week.

This is a brief summary of today's report. 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 MeFor more information please do not hesitate to email teh@currencies.co.uk

Bank of England Interest Rate Decision

2010-09-09T08:08:00.004+01:00

The Bank of England interest rate has remained the same for 17 months and it is unlikely that this will change today. Exchange rates for the Pound have dipped slightly this morning in the run up to the announcement but could drop even further if more Quantitative Easing is proposed. Later this afternoon Sterling exchange rates could drop owing to the US jobless claims out at 130pm.

This is a brief summary of today's report. 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 MeFor more information please do not hesitate to email teh@currencies.co.uk

2010-09-08T11:31:00.001+01:00

Currency Forecast for Sterling Euro

2010-09-08T11:28:00.003+01:00

We have seen Sterling improve against the Euro this morning following some positive figures from the BRC concerning the Shop Price Index. Also, the issues surrounding the recent stress tests show that sovereign debt was not included and Germany's problem is that they may need to come with a further €100bn to plug the gap. Sterling is currently up by 0.47% as of 1130am this morning. Sterling has also increased against the US Dollar in the run up to BP's announcement due out at 12pm. Worth keeping a close eye on the foreign exchange rates this afternoon following the release of the report which could be quite damning.

This is a brief summary of today's report. 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 MeFor more information please do not hesitate to email teh@currencies.co.uk

Today's Sterling/Canadian Dollar exchange rate

2010-09-07T10:29:00.003+01:00

Good morning readers,

First of all let me apologise for being absent on this blog for a while as I'm sure many of you were thinking where have I been. Anyway, the blog will again be daily updated to keep you up to speed with the daily currency movements. Today's focus will be on the Sterling Canadian Dollar exchange rate which has slipped recently to below 1.60. With the UK's economy under pressure particularly with public sector job guts expected in October the Pound could drop even further against the Loonie. For a more detailed view feel free to email me personally on teh@currencies.co.uk and I will endeavour to answer your currency questions.

This is a brief summary of today's report. 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 MeFor more information please do not hesitate to email teh@currencies.co.uk

Why is Sterling Recovering against the Euro

2010-04-15T15:49:00.005+01:00

Sterling has been recovering against the Euro in recent weeks as the UK's political arena seems to be giving us more certainty. With an election happening on May 6th and the live political debate between Gordon Brown, David Cameron and Nick Clegg all eyes with be on the TV tonight so watch this space for its potential impact on the exchange rates within the currency markets. Sterling vs Euro currently stands at 1.1410 on Interbank and GBPUSD has just hit 1.55.

This is a brief summary of today's report.

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

Why use a Currency Broker

2010-03-25T17:52:00.001Z

Whatever your company’s requirements for buying or selling foreign currency, the FCD team will often be able to aid people salvage time or maybe money. They offer one off abroad payments, regular abroad exchanges, & additionally have options for bringing foreign currency back to the English Isles.

Currencies.co.uk are the very best independent currency brokers having merely been around since the year 2000 this is reasonably astonishing. They own a particularly fine team who have become celebrated in their trained advice or support Another reason Foreign Currency Direct can be found to be so broadly used is that for money exchange Foreign Currency Direct offer the best currency rates and the greatest currencies trades, this has been markedly documented by 2 Sunday Times 2 The Observer. Visit the Foreign Currency Direct site for more information on the services offered including money exchange send me an email to teh@currencies.co.uk.

Foreign Currency Direct can be remarkably straightforward to use; once you yourself have opened an account people could be able to guarantee one’s exchange rate by using phone. If a foreign currency rate should be offered which you like, Foreign Currency Direct are also able to at once fax, email & post the confirmation. When your company get foreign currency with the website, the foreign money rates will probably be based around live interbank foreign money rates (the foreign money rate around which one bank retails to another) These can be found to be aggregated from across a number of sources, can be found to be quoted during real time & will probably be more competitive than traditionally quoted by high street stores and building societies. The interbank exchange rate, which most money exchange sites & newspapers display is a mid industry rate that is not actually for sale to exchange at. People can always acquire a foreign exchange rate somewhat below the interbank foreign currency exchange rate or conceivably sell slightly above; this is the only way the company will offer the foreign money exchange.

Because you yourself can be found to be moving abroad you can be found to be feasibly going to be carrying huge sums of money into a foreign currencies, your exchange rate will often end with the difference between affording your luxurious accessories or conceivably ending up with lots less than you budgeted for

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

How will the Budget Affect Currency Rates?

2010-03-25T10:57:00.001Z

Budget causes Sterling to Drop
The Budget released yesterday saw the price of Sterling drop slightly against most of our major currencies but took a noticeable drop against the US Dollar. Below are the differences on a £200,000 transfer.

This report will look at how the markets may move today based on the following :
UK Debt & Budget
Bernanke’s Speech
Japanese Yen

GBP EUR +0.13% EUR 290
GBP ZAR -0.42% ZAR 9,200
GBP USD -0.98% USD 2,980
GBP NZD -0.40% NZD 1,700
GBP AUD -0.07% AUD 230
GBP CAD -0.09% CAD 305

Budget News
One of the main talking points of yesterday’s Budget was that government borrowing has been revised down. Alastair Darling claimed that net borrowing will total £167bn and his plan is that he would cut the figures by half for the next four years. This will have a small impact on the total amount of government debt, which is now forecast to rise to 75% of GDP by 2015, instead of the 78% previously forecast. Although these figures are better than expected there is little difference so the market remained relatively quiet.

One of the main reasons why Sterling has struggled and could continue its decline is that borrowing is currently at a record high of 11.8% of GDP and any claims by our trustworthy politicians that this will happen are difficult to believe especially after the recent MP expense scandals and the cash for questions issues.

Sterling is likely to remain uncertain until at least the General Election so if you have any upcoming requirements during the next two months it may be worth looking at securing your currency with a forward contract or if you’re looking to achieve a particular rate you may be interested in placing a limit order.

Sterling Hits 2 Week Low against US Dollar

Sterling has dropped recently against the US Dollar and this pattern does not seem to be slowing down. Later today Fed Chairman Ben Bernanke speaks about the current US climate and any announcements about a recovery could see further US Dollar strength. Indeed, throughout yesterday’s trading session we saw the Euro weaken against the Greenback by over 1%.

When we see Dollar strength and Euro weakness this would often see the Pound gain against the single currency but this has not been the case recently owing to the instability surrounding the Pound and in particular the government. Today may provide some excellent selling opportunities for exchanging Dollars into Sterling so ensure you stay in close contact with your account manager or call today on 0800-328-5884.

Sterling Up Against the Yen
Today could be a great time to buy Japanese Yen because despite a fairly quiet day yesterday in the currency markets one of the biggest movements of the day saw Sterling gain close to one percent against the Japanese Yen. This was as a result of unwinding carry trades as money flowed out of the Yen back into the US Dollar which has continued to strengthen in recent months.

The US Dollar, often termed as a ‘safe haven’ remains the global currency and despite the Yen gaining considerable strength over the past 18 months it appears that investors still prefer to invest funds into the Greenback.

While problems persist in the UK and Euro Zone the Dollar and Yen are predicted to remain strong for the foreseeable future so, if you need to buy Dollars or Yen contact one of our experienced brokers on 0800 3285884 or email me directly to teh@currencies.co.uk

Data Out Later Today
UK Retail Sales 930am
Initial Jobless Claims 1230pm
Fed’s Bernanke Testifies 3pm
This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Transferring Money to Spain

2010-03-16T16:06:00.003Z

Transferring Money to Spain

Assuming you are considering moving to Spain or purchasing a property here, at some point you will undoubtedly need to transfer a substantial sum from the UK to an account here. It is perfectly possible to arrange this kind of transfer using one of the high street banks with whom you probably have an account. However, their exchange rates and commissions are significantly less favourable than those offered by specialist foreign exchange brokers. There are a number of companies who specialise in offering wholesale market rates to individuals and companies.

Typically you will only be quoted a specific rate when you have indicated the sum you wish to transfer, and the broker has identified a purchaser for your currency. The quote is only likely to be valid for a matter of minutes.

Blue Sky Escapes in Spain recommend the services of Foreign Currency Direct from personal experience. All our Sterling to Euro transactions at FCD are managed by Tom Holian, who has provided personal guarantees that customers of Blue Sky Escapes will receive a 5 star service.

In our experience transactions arranged through FCD are always at the most competitive rates, and the service is fast and efficient. We estimate that typical savings with FCD over high street bank transactions are in the region of 1%, or £1000saved for every £100,000 transferred. To start the simple customer sign up process just call Tom on 0800 328 5884 from within the UK or +44 1494 725 353 if you are already abroad, or send Tom and email to teh@currencies.co.uk

When you are transferring monies to Spain to complete your house purchase you are likely to encounter a couple of pieces of terminology that can be confusing. The most likely mechanism your bank or broker will use to transfer money is called a SWIFT transfer. SWIFT is simply a secured mechanism for making international money transfers.

You will probably be asked for the SWIFT code or address of the destination bank. This is an 8 character code and your Spanish bank should be able to provide you with it ( it will start with the characters "ES" ). Sometimes the SWIFT code is known as a BIC ( "Bank Identifier Code" ). You will also need the IBAN ( "International Bank Account Number" ) of your Spanish account. This will be a series of letters and numbers of up to 34 characters, starting with the letters "ES" in the case of Spain, and ending in your sort code and account number. Again your Spanish bank should be able to tell you the IBAN number of your account, and in many cases it will now be printed on your statements and other bank correspondence.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

US Dollar News this week

2010-03-15T11:15:00.002Z

Wednesday's US interest rate decision is unlikely to increase interest rates but the US Dollar continued its recent strenghtening on the back of US job figures which may indicate that the recovery in the US may be sustained and with Friday’s growth in retail sales from an anticipated 0.1% to an actual 0.3% the number of positive indicators are growing for the US.

Strong US results are creating demand for goods with Japan and China who are using an undervalued yen and renminbi to supply it with imported goods much to US annoyance.

Sterling has dropped yet again against all the major currencies including the Canadian Dollar which appears to be strengthening on a daily basis. Sterling vs Australian Dollar seems to also be doing the same with the mining industry continuing to grow.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Pound Exchange Rates Dropping

2010-03-01T11:17:00.003Z

Good morning,

The Pound has seen huge losses this morning and the market seems no sign of abating anytime soon. We have just broken through the key psychological level of 1.50 against the US Dollar and have just broken through 1.10 against the Euro. EURUSD has stayed relatively still at 1.36.

Pound Exchange Rates Dropping
According to Jonathan Pryor from Investec 'despite stronger than expected manufacturing figures this morning suggesting that the UK economic recovery could be gathering pace (the activity component stayed at its highest level if 15 years), investors continue to sell the pound on the back of political uncertainty and deficit fears.'

Also, the Conservative lead seems to be decreasing over the weekend as the conferences were not received with the good news as anticipated. Watch the currency markets this week, we could see huge losses for the Pound Exchange Rates.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Where will Sterling go next?

2010-02-25T09:05:00.001Z

Questions I am frequently asked is what is happening to Sterling at the moment and what is the currency forecast for the Pound. Unfortunately, my crystal ball is a little clouded owing to the issue surrounding Greece. RBS has this morning shown a loss of over £3bn, at first appearing terrible for the UK taxpayer but compared to the previous year the figures are an improvement of £12bn. Sterling still continues to struggle recently after the Federal Reserve raised the discount rate. Sterling vs US Dollar has dropped nearly ten cents since the start of the year and expectations are for the USD to drop to below 1.50. EURUSD is currently sitting at 1.3480 on Interbank level.

If buying Dollars it may be worth contacting me to discuss your options.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Currency Outlook for Sterling, Euro and US Dollar Forecast

2010-02-16T08:45:00.003Z

At 9.30am we have the monthly release of UK CPI data, which is expected to be similar to previous months, therefore probably not affecting the markets too much.
However, the main market mover for foreign exchange rates today is details of the package that has been put together in order to help prevent a Greek Tragedy of epic proportions. There are many outcomes that could occur but it's certain that this will have a huge impact on the currency market and the Euro exchange rate forecast.

Currently Greece has a debt level of over 4 times than that allowed by the EU and financial ministers from all over Europe are currently finishing an emergency two day meeting discussing ways and means of assisting Greece through these turbulent times.

Exchange rates were very static yesterday but later on we are anticipating volatility as soon as it becomes clear how the Greece situation will turn out. Watch this space for the currency pairs GBPEUR, GBPUSD and EURUSD.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Problems with Greece and the Eurozone and its effect on the foreign exchange currency markets

2010-02-12T10:30:00.001Z

This report aims to highlight how yesterday’s releases have impacted upon the currency markets and to look into the affects for any future currency purchases, with the aim of helping you get the most out of the exchange rates in the days and months ahead.

Yesterday’s movement
Currency Pairing High/Low Movement
GBP USD 0.89%
GBP EUR 1.78%
GBP CAD -0.6%
GBP AUD -1.22%
GBP ZAR -0.79%

***BREAKING NEWS***
New Zealand released their Retail Sales figures yesterday evening showing a contraction in December. This has created early opportunity for clients that are looking to buy NZD

Could Greece bring the Euro Zone to its Knees?
Yesterday saw one of the most volatile and surprising days over the last month in my opinion. It was down to the EU monthly report and the markets reacted to the weak explanation on the plan to rescue Greece. Investors were disappointed with the little details given which dramatically knocked the confidence of the EURO and pushed it to its lowest point against the Dollar for nearly 8 months.

However it also provided a spike of over 1% for the clients looking to buy Euro’s.
Meetings of euro zone and EU finance ministers next Monday and Tuesday will hopefully conclude the recovery plan so expect more large movements and potentially opportunity in the early part of next week. If you are concerned about whether this will be good or bad for your position or would like to avoid the risk please get in contact today on +44 (0)1494-725353 to discuss your currency rates.

Dollar news – More Jobs but is it just the snow
Most of the east coast of the USA has been hit by snow and many people are asking whether it is affecting their economy.

It meant that their Retail Sales figure release has been delayed till later today but some are also thinking it has helped to show their jobless figures in a better light. The jobless figures were released yesterday afternoon and came in better than expected as the snow may have caused an administrative backlog.

Due to this the pound strengthened against the dollar through yesterday’s afternoon trading. With this in mind if you are interested in enquiring about our currency rates to send money abroad get in contact today on 0800 328 5884 and talk to your independent currency broker.

Sterling effect
However clients that are looking to sell pounds and buy a foreign currency including the Euro or dollar be wary. You may want to take advantage sooner rather with positive screens this morning as Simon Johnson, a former chief economist at the IMF quoted; “The UK should be seen in the same way as Greece and Spain.”
Yesterday new figures also showed that 20% of shops on UK high streets lay empty. I personally believe that we may be heading towards a double-dip recession. If you think differently I would like to know, so email me with your thoughts at teh@currencies.co.uk

We will learn more in the coming weeks regarding the UK’s financial position as the UK releases revised GDP figures at the end of the month. This could show positive strength or that we actually never left the recession and rates could tumble across the board.

With this level of uncertainty for the future position of the UK pound, clients should be ready to move quickly on market movements. Having a trading facility here means a personal currency broker is appointed to your situation that can be your eyes and ears on the markets making you aware of these movements. If you do not have an account with us to take advantage of this service simply click here to open a trading facility for either personal or business use and one of our friendly brokers will be in contact.

Key Data releases - Data you should be speaking to your account manager about if you are sending money abroad in the coming days:
Today
10:00 Euro Zone - GDP figures
13:30 United States - Retail Sales Figures

Monday
USA Bank Holiday

Tuesday
9:30 United Kingdom - Consumer Price Index
10:00 Germany - ZEW Survey

If you would like to learn more about anything mentioned in this report feel free to contact us on 0800 328 5884 or contact the author directly on at HSE@Currencies.co.uk

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Foreign Currency Sterling Euro Outlook February 2010

2010-02-01T15:12:00.003Z

After last week's 6 month highs for Sterling vs Euro the exchange rates have dropped by 2 cents a difference of almost £3,000 on a €200,000 overseas money transfer. The US Dollar has also gained strength today and has reached 1.58 this afternoon against the Pound. To buy South African Rand with Sterling the Interbank price has almost dipped lower than 12 for the first time in a few weeks. The UK mortgage approvals came in lower than expected at only 59,000.

News from Investec...'Official figures show that Britain only inched out of recession in Q4, although we suspect that official figures are underrecording growth. We are hopeful that exports will help to reinforce the recovery, while we would be wary of being excessively negative on consumer spending. Fiscal policy will remain a major focal point over the next year, with further tightening necessary in order to restore budgetary sustainability over the medium term. However developments are highly dependent on the outcome of the General Election, most likely to be held on 6 May. The Conservatives’ are currently between 9% 16% ahead in the polls, although the lower end of this range might be insufficient to given them an overall majority.'

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Sterling Recovery Outlook and Foreign exchange rate forecast

2010-01-27T17:03:00.002Z

The Pound has started to fight back against the Euro and US Dollar as Andrew Sentance's comments regrading inflation were seen as positive for Sterling. Currency Exchange rates for the Pound vs Euro seem to be approaching their recent 4 month high. The US Dollar currency market has been relatively quiet even though Tim Geithner is being grilled at the moment about the US Banking Crisis. Also, as we're now officially out of recession it could now be the time when we see Sterling exchange rates recover.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

How will the UK recession affect the Currency Outlook

2010-01-26T11:30:00.003Z

The UK GDP figures out this morning came in at 0.1% but were lower than expected whihc saw Sterling plummet against both Euro and US Dollar. Immediately after the release Sterling fell by 0.5% against the Euro and 0.65% against the Dollar. Although this could be good news taht the UK is out of negative growth the data may have been affected by the increase in fuel costs and also the VAT rate prior to the end of 2009. The outlook for Sterling this morning looks volatile.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Euro Strengthens against Sterling and US Dollar

2010-01-22T12:14:00.006Z

UK Retail sales released this morning saw Sterling drop off from its recent four month high against the single currency and dropped by 3 cents against the Dollar. Further losses have occured by Obama's comments and suggestions for the US banking sector which has also impacted on the global stock indices. EURUSD exchange rates have recovered by half a percent back to 1.41. Compared to its highest point this weeek GBP USD the price has dropped by 2% when buying Dollars with Sterling.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

When is the best time to buy Dollars?

2010-01-20T11:06:00.003Z

The overnight reaction to Scott Brown's appointment in Massachussetts has been a surprise to the US political arena. Seen as a Kennedy stronghold over the years this has caused a shock amongst American politics. However, exchange rates for buying Dollars has not seen any reaction to this news. Indeed, the currency markets appear to be mainly focused on the lack of strength within the Eurozone at the moment with Greece suffering problems with their GDP figures. The USDEUR exchange rate has hit 0.7050 on interbank level this morning close the second highest rate since August 2009.

In the meantime Sterling against Australian Dollars has hit 1.78 for the first time in a few weeks. The Pound appears to have strengthened recently owing to yesterday's positive inflation figreus whcih has sparked talks of raising UK interest rates.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Sterling vs Euro exchange rate - Currency Outlook Hits a 4 month high

2010-01-19T08:35:00.000Z

Higher than expected RPI and CPI figures this morning came in higher than expected which has created discussion for the Bank of England to raise interest rates at some point this year. At the same time the German ZEW survey was published which was much lower than expected so we saw both Sterling strength and Euro weakness. GBP vs Euro has hit 1.14 this afternoon. Coupled with the Right Move House Price Index which was again positive Sterling maintained its recent run of form.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Foreign Exchange Rates Movements January 2010

2010-01-18T09:37:00.003Z

This report will focus on exchange rates and will look at the recent movements for Sterling against most major currencies and what could have an effect on future exchange rates when buying foreign currency.

Last Weeks Exchange Rate Movements
GBP EUR +2.1%
GBP USD +1.3%
GBP AUD +1.2%
GBP NZD +1.8%
GBP CAD +1%

Good morning readers,

Sterling Strength

Last week owing to a number of reasons Sterling gained strength against every major currency pairing. On Monday MPC member Andrew Sentence made hints that the Bank of England may raise interest rates at some point this year. However, as we are only in January it gives them eleven opportunities so my personal opinion is that this will not happen for a few months to come.

Indeed, if anyone is to raise rates next I believe it will be the Eurozone. The single currency was the first major power to come out of recession with the UK still experiencing negative growth.

Problems in the Euro zone

Comments prior to the ECB interest rate meeting on Thursday from German Chancellor Angela Merkel claimed that the ‘Euro faces a very difficult phase with Greece's budget crisis putting the eurozone under huge, huge pressures.’ However, there are two sides to this argument as Greece only accounts for 3% of total Eurozone GDP yet if other countries experience the same problems it could potentially cause political instabilty for the Euro.

As many regular readers may be aware there are four cornerstones of the Ellis currency compass including economic or political factors, Acts of God and terrorism, which can all affect foreign exchange rates so if you have a Euro purchase shortly make sure you stay in close contact with your account manager by phone on 0800 328-5884 or by email.

Political Strength for the Pound?

On Friday Alastair Darling said in an interview that Britain’s economic recovery will be very moderate in 2010 and continue to need government support.’

He also went on to say that Britain was not considering adopting U.S. President Barack Obama's proposal for a levy on banks to repay taxpayers for bailouts. ‘What we are trying to do with the banks is to make sure that we do not pay anything...and this is the same as Obama...for the rescue of the banks, so we get all the money back.’

This could add further strength to the Pound vs Euro Sterling vs Dollar as one of the other major causes for Sterling’s weakness during 2009 was the lack of confidence within the banking sector. If confidence is regained we could see the Pound bounce back.

Gordon Brown also stated that ‘our aim is that no member of the public has to pay for the rescuing of the banks.’ If you do have an upcoming currency transfer why not get in touch with our friendly and experienced currency brokers to discuss eliminating any potential negative risk by securing a forward contract.

Australian Dollar Exchange Rates

On Friday the Australian Dollar exchange rates strengthened following the fourth straight month of gains on the job market. According to the Australian Bureau of Statistics said the economy created 35,200 jobs in December, pushing unemployment to an eight-month low and increasing the probability of a February interest rate hike. If interest rates in Australia do rise this could also result in a more costly purchase of Australian Dollars.

Data Out This Week

Monday-Rightmove House Price index
Tuesday CPI & RPI Index
Wednesday-Bank of England Minutes
Thursday-ECB Monthly Report
Friday UK Retail Sales & german PMI Data

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Buying Euros and Sterling to Euro

2010-01-13T15:47:00.003Z

Sterling exchanges rate vs the Euro have improved throughout this morning by 0.6% and Sterling vs Dollar has also increased by a similar amount. All eyes will be on the European Interest Rate decision tomorrow afternoon. Also, comments from Andrew Sentance a member of the MPC hinted that UK interest rates may be set to rise in the next few months creating some possible strength for the Pound against many currencies. GBP has hit 1.63 against the US Dollar this afternoon. Any questions please email me teh@currencies.co.uk

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Foreign Currency Rates and the Currency outlook this week

2010-01-12T08:58:00.004Z

Good morning readers,

First of all I must apologise for my lack of blogging but I'm back today and will be continuing with stories and insight into the foreign currency markets as last year. There is only a small amount of news for the single currency today as all eyes are on the ECB's interest rate decision due out on Thursday. The UK is going to be affected by retail sales figures due out on Thursday and also the house price balance data which came in slightly lower than expected this morning.

When deciding buying foreign currency with Sterling it is important that you keep your attention fixed on the Trade Balance for the US economy for November which is forecast to come in at -US$35bn. Anything lower could see Sterling strengthen against the US Dollar which could also see an inmprovement in Euro Dollar exchange rates.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Sterling's Performance January 2010

2010-01-06T09:40:00.003Z

Yesterday's currency trading saw a poor start to the New Year for the struggling Pound against both the Euro and US Dollar. Sterling fell after some weak data as the election campaigns gets under way and the spotlight returns to the UK's record levels of debt.

Further negative data released yesterday included the Construction Purchasing Manager's Index which although rose to 47.1 from 47 last month was short of the analysts predicitions of 47.8. Later on tonight we see the release of the FOMC minutes and non-farm payroll figures on Friday afternoon.

Snow could cause an impact today as many schools and companies close in the anticipation of further chaos. I hope you stay warm and safe.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

US Dollar Predictions

2009-12-08T11:32:00.004Z

Since Friday afternoon when the jobless claims came in much higher than expectations the US Dollar has gained in value against the Pound by almost four cents. Yesterday the trend continued for the Dollar vs Pound as Moody's credit ratings agency suggested the UK may be downgraded from its triple A rating if the banking crisis continues to spiral.

The difference on Selling Dollars this week on a US$200,000 has been as much as £2,500. Feel free to contact me if you have any questions following this currency report.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

US Dollar Continues to Strengthen Against Pound and Euro

2009-12-07T09:26:00.005Z

Good morning readers,

Following on from the surprisingly positive jobs data for the US released on Friday afternoon the US Dollar has strenghtened against the Pound by three cents and the trend appears to be continuing this morning. The Dollar has also gained a by over 2% since Friday against the Euro meaning more for your money when selling Dollars.

Tonight Ben Bernanke gives his speech and the focus will be on his rhetoric and if his comments are received in a positive light we could see further Dollar strength.

News to watch out for this week includes the Bank of England interest rate decision out on Thursday at 12pm, expectation are for no changes to the base rate.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Current South African Rand Exchange Rates

2009-12-03T14:40:00.002Z

Good afternoon readers,

Just a quick update on buying South African Rand this afternoon as it is a currency often missed in general currency forecast reports.
GBP vs ZAR exchange rate baseed on Interbank levels 12.1510 (as of 1445 GMT) a movement of -0.35% compared to the previous day's trading. A difference of £350 on a £100,000 currency transfer when sending money overseas.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

What will happen with the European Interest Rate Decision Today

2009-12-03T08:39:00.004Z

There is little expectation that the ECB will cut interest rates today in their monthly meeting at 1245pm. All eyes will be on the speech following the meeting whereby ECB governor Trichet will comment on the strength of the Euro. There have been recent rumours that Trichet, Juncker and Almunia are all planning to weaken the Euro to make it more competitive. At the moment for anyone in the UK looking to transfer money overseas or to buy Euros compared to two years ago the difference is almost at 30%, a huge loss for those selling Sterling to buy Euros.

Also out today we have the UK's Purchasing Manager's Index out at 930am. Any positive news could see a strengthening for the Pound. The expectation is for 57.1 so keep your eyes peeled for the announcement at 930am.

At 3pm this afternoon Ben Bernbanke gives a press conference as to how the Fed observes the current US economy and the value of USD. His comments may determine a short-term positive or negative trend for the Greenback. For anyone looking to achieve current best exchange rates before the meeting feel free to email me directly at teh@currencies.co.uk

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Sterling Euro Exchange Rate Outlook for December 2009

2009-12-02T09:00:00.003Z

This report will aim to provide an overview of how Sterling is performing against most major currencies as well as an upcoming foreign currency outlook for December 2009.
Yesterday the exchange for Sterling against US Dollar improved by 1.2% by close of business as the fears of Dubai World still having an effect on the markets. A difference on an overseas currency transfer of USD 3,900 on a £200,000 payment. The previous day saw the Australian interest rate rise for the third consecutive month as the Australian economy continues to improve. If you are concerned about saving money on your overseas money transfer please contact me to discuss how a forward contract may help to avoid any potential further negative currency movement.

Euro News
For anyone looking to sell Euros to buy Sterling all eyes should be on the ECB tomorrow afternoon when they release their own interest rate decision. There have been recent hints that Trichet, Almunia and Juncker are all prepared to move the Euro back to more natural levels which could see Sterling improve against the single currency, great news...if it happens...for those looking to buy Euros for that overseas property purchase.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

December Currency Outlook and Sterling Forecast for buying Euros

2009-11-25T09:46:00.003Z

If we look at last year's Sterling Euro exchange rates the Pound vs Euro lost almost 15% in the space of a month with the currency Interbank levels touching close to parity for the currency pair. This showed a difference of £15,000 on an overseas money transfer of the Sterling equivalent to £100,000. With the UK's revised GDP figures out at 930am this morning coming in as expected at -0.3% it is apparent that the UK is stagnating and the likelihood on us coming out of recession after quarter four less likely.

Also, out today we had the news that the Bank of England lent approx £61.6bn in emergency loans last autumn to both RBS and HBoS. Mervyn King stated that 'it was to prevent a loss of confidence spreading through the financial system as a whole.'

Breaking news this morning is that HSBC, RBS & Lloyds as well as others have been told they will not have to pay back any of the overdraft charges made in previous years.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Exchange rate movements for AUD, NZD & ZAR

2009-11-24T08:43:00.003Z

Good morning readers,

There has been quite a lot of movement over the last two weeks involving the three currencies as listed in this blog title. My suspicion is that the Sterling currency pairs are being affected by carry trading which involves borrowing money in a lower yielding currency such as Japanese Yen or Sterling and moving it into higher yielding currencies such as the Australian Dollar, New Zealand Dollar and South African Rand.

Later out this afternoon the FOMC minutes are released giving the inside information as to the earlier interest rate decision this month. This could have an impact on the cost of sending money overseas when buying property abroad as also out this morning Mervyn King addresses the Treasury Committee.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Foreign Currency Exchange Rates Today

2009-11-23T12:33:00.002Z

Foreign Currency Exchange Rates Today. Sterling currency pair movements as of 1230pm
GBP vs EUR +0.05%
GBP vs USD +0.82%
GBP vs AUD -0.21%
GBP vs NZD -0.51%
GBP vs JPY +0.76%
EUR vs USD +0.75%

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Sterling Exchange Rate Outlook against Euro & US Dollars

2009-11-23T09:51:00.003Z

Good morning readers,

I hope you enjoyed your weekend. Sterling lost some strength at the back end of last week against the Euro and US Dollar after figures confirming that the UK's public debt has risen twice as much as expectation. Also the credit ratings agency Fitch stated that the UK may be at risk of losing its AAA rating which could impact on the cost of sending money overseas.

Nationwide also added that house prices next year could continue to fall and some economists stated that it may take until 2014 to see house prices return to their levels of the recent highs in 2007. Other data later this week which could affect transferring Euros or buying Dollars will be the release of the UK Q3 GDP figures on Wednesday morning. Expectations are for a 0.4% contracting anything better could see Sterling exchange rates improve.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Sterling vs New Zealand Dollars

2009-11-19T09:43:00.003Z

This morning Sterling vs New Zealand Dollars has increased by 1.5% possibly caused by an unwinding of carry trades. Sterling has dropped against the Japanese Yen which creates this possible conclusion. Solid figures for the October and Year on year UK Money Supply have also helped gives Sterling a small boost. Also year on year retail sales were up by 3.4% higher than expectation of 2.9% showing positive signs for the UK economy. This has also helped the short term GBP vs Euro outlook for sending money overseas.

This afternoon at 3pm Geithner gives a press conference as to how the Treasury Secretary observes the current US economy. His comments may determine a short-term positive or negative trend for the US economy which will impact both buying Dollars and selling Dollars.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

What is happening to Sterling Today? Selling Euros? Buying Euros? Selling Dollars? Buying Dollars? GBP, EUR, USD

2009-11-17T15:17:00.002Z

Good afternoon regular readers,

Sterling appears to be on the short term road to recovery today after some very good Consumer & Retail Price Index figures out this morning. With the index showing a growth of 0.3% against expectation of a 0% movement the Pound has been given some welcome respite from its recent poor form when transferring Euros or Dollars. The Sterling Euro exchange rate now sits at 1.13 and 1.68 vs the USDollar. Also, the GBP vs Australian Dollar has broken through resistance levels at 1.80.

Part of the rise in the RPI the largest monthly rise since 1990 was due in part to the fact that house prices are still rising, but were falling compared to last year. The MPC has suggested that inflation will continue to be volatile in the short term and with the VAT increase in January back to 17.5%

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

What will happen to exchange rates if Europe exits recession?

2009-11-13T08:49:00.004Z

Good morning readers,

The official European GDP figures out this morning will show whether or not Europe has finally come out of recession. Two of the leading countries France and Germany have already announced positive growth and the impact this has had on the GBP vs EUR currency pair has seen strength for the single currency. If the Eurozone does announce positive GDP figures we could see Sterling weaken against the Euro.

However, in early morning trading the Interbank GBP EUR exchange rate is currently sitting at around 1.12 and the GBP vs US Dollar rate is again up against yesterday at 1.6650. Eur USD has come of its recent highs of 1.50 and is now trading at the rate of 1.4880. When sending money overseas make sure you shop around for the best exchange rates and use a currency broker who has an established reputation when buying or selling currency.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Huge US Dollar Weakness

2009-11-09T10:41:00.003Z

The US Dollar has weakened by over 1.5% against Sterling compared to Friday's close as the US market has felt the impact of some very poor US unemployment figures. Sterling has also peaked against the Euro at 1.12, good news for anyone looking to transfer funds overseas. It makes a pleasant change when we see some rare Sterling strength.

The exchange rate for using Sterling to buy Australian Dollars has remained above 1.80 over the weekend as we see some gains against some recent poor form for Sterling. Euro vs USD has maintained its recent strength with the rates of 1.50 staying steady recently. The German Trade Balance figures released this morning were better than expected with €10.6bn as opposed to the expected data of €12.3bn.

For further currency updates as to what's happening to currency rates today please do not hesitate to contact me.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Why is the Dollar Strengthening?

2009-11-06T15:54:00.003Z

The US Dollar appears to be strengthening this afternoon after the release of the US Non Farm Payrolls came in slightly better than expected at 130pm UK time. However, globally if the US Dollar remains strong it could have a negative impact on global trade as a huge proportion of import and exporting is priced in US Dollars. There are some comments that the GBP vs USD exchange rate could recover to 1.70, we wait with baited breath. Enjoy your weekend.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

What is happening to the Euro?

2009-11-05T14:27:00.003Z

Quantitative Easing was the news most anticipated earlier today and the results came in line with market expectations. The Bank of England decided to take a further £25bn for the policy and owing to the result not unexpected the exchange rates were not affected too much.

One of the most notable currency movements of the day was the GBP vs New Zealand Dollar exchange rate. The market has moved up by 1% which may be due to some unwinding of carry trades seen recently as the GBP vs NZD has moved by almost twenty cents in the last month. Tomorrow the Reserve Bank of Australia will gives its Monetary Policy statement which could give us further insight as to how the currency pairing of Sterling vs Australian Dollar might perform in the short term.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Australian Interest Rates Changed

2009-11-03T08:24:00.004Z

The Australian Interest Rate was raised yesterday from 3.25% to 3.5% which came in line with expectations. The currency exchange rate for GBP vs AUD has moved by 1% during the Australian working day not a huge amount compared to recent weeks where we have seen movements in excess of 2% during a single day. Sterling appears to have been used as a carry trade foreign currency recently owing to the low base rate encouraging investors to borrow in Pounds and earn interest by investing it in Australia, New Zealand and South Africa which gives them a greater yield on their funds.

All eyes are on Sterling exchange rates this week in anticipation of the Bank of England meeting this Thursday. There is a possibility that the Bank will opt for further Quantitative Easing and this could see Sterling's value against foreign currencies potentially fall. If the Bank does not ask for further amounts we could see Sterling strengthen.

Later this week we see the Federal Interest Rate decision on Thursday and US Non Farm Payrolls on Friday afternoon both often have a notable impact on the value of the US Dollar.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Plans to Split Northern Rock and how this may impact Exchange Rates

2009-10-28T12:27:00.006Z

There are plans to split Northern Rock into two parts if the EU has it way. The plan would involved dividing the bank into savings and safe mortgages against 'bad mortgages.' The supposed plan could help assist the Pound as if the government can repay the loan earlier than expected and gets a fair price for the sale more confidence could return to the UK. The currency exchange rate forecast will be affected once we have further insight into the decision.

Later today Norway could be the first European bank to increase interest rates giving some further confidence potentially for the single currency Eurozone meaning more money when coverting euros into pounds. Today the foreign exchange market has been relatively quiet movement wise.

Breaking news with the US Durable Goods Orders has seen the US Dollar strengthen against Pound and Euro with an increase of 0.9%, slightly higher than expected. Dollar vs Euro outlook this afternoon looks good for the Greenback.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Currency Market Report October 2009

2009-10-27T08:22:00.003Z

Outlook for Euros and Dollars.

Yesterday's foreign currency markets were relatively quiet data wise with the only figures of any note to be the German Consumer Confidence survey which saw the figures fall unexpectedly for the first time in twelve months. The British Banker's Association has almost formalised a new code for the UK banking system which means more transparency for investors in an attempt to avoid the current crisis in the financial systme from happening again.

The bad news for the German economy saw Sterling exchange rates improve by over one percent against the Euro and the US Dollars meaning a potential saving of £3,000 on a £300,000 foreign money transfer.

Out later today we have the release of the Confederation of British Industry survey. This should give us an insight into the UK's retail market. Any negative announcment could weakend Sterling and mean more money when converting Euros into Pounds.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Currency Report Sterling Tumbles on Poor GDP data

2009-10-26T08:24:00.004Z

The Bank of Minutes released last week gave Sterling a much needed boost but the gains were clawed back very quickly by the weak UK GDP data. Indeed, Sterling has fallen by two cents against the Euro since Thursday morning and the trend is continuing this morning. However, on a lighter note buying US Dollars is marginally cheaper this morning than at the close of business last week.

Many stock indices have been releasing positive results in the last few weeks but the Pound has not seen the same growth as the FTSE. If however the Euro continues to strengthen this could have a negative long term effect on the Eurozone as countries such as Ireland and the Netherlands have a huge export market outside the single currency area.

Tomorrow afternoon sees the release of US Confidence data which if better than expected could see the US Dollar exchange rate against Sterling improve meaning more Pounds when transferring Dollars into Sterling.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Will the UK come out of recession today? Sterling Exchange Rates, GBP vs USD, GBPEUR, convert euros to pounds and dollars to pounds

2009-10-23T08:43:00.004+01:00

The question of whether or not the UK will come out of recession this morning is the hot topic. The data released by the Office for National Statistics at 93oam will reval whether or not the UK will officially come out of recession. Sterling exchange rates are waiting in anticipation of the announcement and if we do come out of recession in the next hour we could see GBP vs USD increase and GBPEUR increase at a rapid pace. All eyes will be on the announcement. This could mean a decline in exchange rates for those looking to convert Euros to Pounds and Dollars to Pounds.

However, although the expectation is for growth the wider economy does not look in good shape. With the manufacturing data out a couple of weeks ago that came out at -1.9% the industry is unlikely to turn around quickly and with UK unemployment likely to hit 3 million in the next few months the figures could simply be for the benefit of politicians rather than the UK economy as a whole.

The UK is one of the largest economies still yet to come out of recession and a positive number could see an increase in Sterling value but if the number is still negative it could be a very bleak winter for those with Pounds looking to transfer money abroad.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

What is happening to Sterling? Sterling vs Euro, GBP vs USD, exchange rate forecasts

2009-10-22T09:43:00.005+01:00

UK Retail Sales this morning have helped aid Sterling for the fourth day in a row. GBP vs USD is approximately 1.65 and Sterling vs Euro is approx 1.10 on Interbank levels. Although the Retail Sales figures were slighter lower than expected household goods were at the smallest decline since December 2008 giving a further boost to the recently ailing Pound.

Exchange rate forecasts are difficult at the best of times and with UK unemployment figures out tomorrow it could also provide some key indicators as to which way Sterling may perform against the major currencies.

The outlook for Sterling looks, at least in the short time, to have improved and with the positive Bank of England minutes yesterday the trend appears to be continuing. Sterling vs NZD has also recovered from its extremely poor run to rebound to GBPNZD 2.20 meaning more for your foreign currency transfer.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Sterling Strengthens Following Comments made by Mervyn King

2009-10-21T14:59:00.003+01:00

The minutes from this morning's Bank of England meeting gave Sterling some much needed support today which has seen an increase for the Pound vs Euro by over 1% and an increase for the Pound against the US Dollar of 1.5%. The current EURUSD exchange rate has hit 1.50 the first time this year as the single currency continues to strengthen against the Greenback. However, this has also meant less money for those looking to convert Euros to Pounds as Mervyn King's comments give some confidence in the Pound.

The exchange rate for converting Sterling to Dollars has improved by almost three cents during the day meaning a difference of approx £4000 on a £200,000 foreign currency transfer. The NZ Dollar exchange rate has also improved in the last two weeks by over 4% a difference of £8,000 on a £200,000 overseas money transfer. Tomorrow we UK Retail Sales which if better than expected could see Sterling continue its recent rally. US Jobless Claims out at 130pm will also give us key indicators into the current state of the US economy.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

How will the Bank of England Minutes affect Sterling Exchange Rates against both the Euro and US Dollar

2009-10-21T09:10:00.004+01:00

The Bank of England Minutes out this morning will give us a key insight into the way Sterling may react against both the Euro and US Dollar this month. Recent comments made last Thursday by MPC member Paul Fisher have boosted Sterling and made buying foreign currency a little cheaper in the last four trading days. As we wait in anticipation for the Bank of England announcement we could see huge swings in foreign currency exchange rates. Indeed, with some believing Quantitative Easing may be coming to a quick close we could see this aid Sterling. However, with government debt growing by £19.4bn last month and the nation's net debt now having reached a total of 59% of the UK's GDP and rising unemployment many are arguing that the QE policy may be continued.

Mervyn King has recently been quoted as being happy with a weak Pound so there is a possibility he could want further QE making the prospect of sending money overseas a little more expensive following the Minutes at 930am. However, is Sterling does weaken this could benefit those individuals looking to convert Euros into Pounds or even Dollars into Pounds.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

EUR, US Dollar, GBP, Sterling, Exchange Rates, Currency Outlook, Sending Money Overseas, Convert Euros, Convert Dollars into Pounds

2009-10-20T09:37:00.007+01:00

Sterling exchange rates gained yesterday against both the Euro and US Dollar whilst holding steady against the South African Rand. However, the Pound fell against both the Australian Dollar and New Zealand Dollar. The housing market showed signs of growth this morning as the Rightmove House Price Index saw a gain of 2.8% in October compared to a 0.6% rise the previous month. On Friday we have UK GDP figures which are expected to see a growth of 0.2% but these are not the official figures which are released by the Office for National Statistics.

Yesterday's currency movements
GBP EUR +0.04%
GBP USD +0.25%
GBP AUD -0.86%
GBP NZD -1.32%
GBP ZAR - 0.05%

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Convert Euros to Pounds, Transferring Euros into Pounds, Euros Convert to Sterling, Dollars Convert to Sterling, Euros to Pounds, Dollar to Pounds

2009-10-19T08:29:00.005+01:00

Sterling has dipped this morning by over half a percent against most major currencies after a strong end to last week. The drop has meant an increase in the value of Sterling when converting Dollar to Pounds and also Euro to Pounds. The pattern for the Pound recently has been a case of one step forward and two steps back. The main reason why we saw the Pound strengthen last week were the comments made by the MPC member Paul Fisher. However, this morning Ernst and Young have published a report confirming it is 'still premature' to talk about the beginnings of a recovery.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Sterling Gains for the second day running- GBP, EUR, USD, Selling Dollars, Selling Euros, Selling Sterling, Cheap Euros, Best Exchange Rates

2009-10-16T09:25:00.004+01:00

Yesterday saw a welcome change in the fortune of Sterling that its downard slide seems at the moment to be coming to an end. Positive comments from the MPC saw the Pound exchange rate rise against everything. Indeed, the Pound is up against this morning by approx 0.5% against all the other major currencies. The week finishes with a relatively uneventful day data wise but anyone looking to buy US Dollar or buy Canadian Dollars should watch out for the Canada Consumer Price Index at 12pm, US Industrial Production at 2.15pm and US Consumer Sentiment at 3pm.

The outlook for the Pound looks strong and we could see exchange rates hit as high as 1.10 for Sterling vs Euro

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Is this the turning point for Sterling? Sterling Rates, Euro Rates, US Dollar Rates, Huge Sterling Recovery, Currency Outlook October 2009

2009-10-15T10:31:00.007+01:00

MPC Member Paul Fisher commented this morning in the Financial Times that Quantitative Easing is 'having the scale and speed of impact that we would have hoped for when we started.' We have seen one of the biggest Sterling increases this year following the very positive comments. Sterling has almost hit a 2% rise this morning against all the major currencies and a 3% rise against the Japanese Yen.

Typically the foreign currency markets move on rumour rather than fact and owing to the surprise announcement we have seen a huge Sterling rally against all recent expectations. The difference in buying Euros and transferring US Dollars from the high to low of the day is over 2%.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Sterling Exchange Rates Overview-GBP, EUR, USD, NZD, AUD, CAD, DKK, NOK, SEK, Major Currency Pairs, South African Rand, Buying Euros, Buying Sterling

2009-10-14T10:55:00.007+01:00

Good morning readers,

Sterling has had a mixed morning following the announcement of the UK unemployment figures out at 930am. The number of unemployed was 88,000 the lowest figure for the last twelve months. Sterling has strengthened marginally against most of the major currency pairs but has also started to retract from the highs seen thirty minutes ago. Later this afternoon we have the release of US Retail Sales and also the FOMC minutes this evening at 7pm. Ben Bernanke from the US Federal Reserve commented late last week that the US may indeed tighten to the monetary policy over the next year if the economy recovers sufficiently so tonight may give us further guidance into what may happen. Any positive comments could create some US Dollar strength. The outlook therefore for Sterling and US Dollar could prove to be negative dependant on the news.

Yesterday the currency market for Sterling saw gains against the Australian Dollar, New Zealand Dollar and the Euro. The exchange rate also strenghtened against the Scandinavian minor currencies including NOK, DKK and SEK.

The currency pairing Sterling vs South African Rand has dipped this morning as commodity prices increase overnight.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

US Dollar, Euro, Sterling, Canadian Dollar, Australian Dollar, New Zealand Dollar, GBP, EUR, USD, CAD, AUD, NZD

2009-10-13T09:19:00.003+01:00

£/USD – 0.35%
£/NZD – 0.4%
£/EUR - 0.7%
£/AUD - 0.65%
£/CAD – 1.1%
£/ZAR – 1.4%

Continuing what appears to be a common trend Sterling took some rather large losses against all major currencies on yesterday’s trading, this being on a relatively quiet day data wise with the US Bank Holiday highlighting further how weak the Pound is in the current climate.

Sterling is now hitting 6 month lows against the single currency and to a 12 month against NOK and CAD. With Brown offering little in the shape of longer term plans for GBP growth and no assurances of when QE will stop, it is difficult to see when or if Sterling will recover.

Later this morning we have the UK Retail Price Index figures for inflation which could cause some volatility to Sterling exchange rates.

This is a brief summary of today's report.

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

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Currency Report October Outlook and Forecast for Sterling, Euro and US Dollar

2009-10-12T08:44:00.001+01:00

Last Weeks Exchange Rate Movements
GBP EUR -1.6%
GBP USD -1.1%
GBP AUD -3.1%
GBP NZD -1.2%
GBP CAD -3.6%

Good morning readers,

Sterling Continues to Struggle

On Friday Sterling fell against all the major currencies for a number of reasons. Tory Leader David Cameron warned of the Quantitative Easing risks fuelling inflation, which in a period of recession increasing inflation rates could be very dangerous. If products and services begin to cost more yet the population struggling to afford to pay the prices we could see inflation spiral higher quickly.

The usual answer to combating high inflation would be to increase the UK’s interest rate but owing to the country’s current state it would be almost impossible to increase. Indeed, the recent MPC meeting of Thursday showed no change to the interest rate. Sterling vs Euro exchange rates strengthened slightly after the MPC and ECB rate announcements but showed little signs of a continuing recovery.

PM To Unveil £16bn of UK Assets
The PM has taken steps to reduce the budget deficit by £16bn in a sale that involves the Dartford Crossing, the Tote and the UK part of the Channel Tunnel. Previous decisions to sell UK assets has typically seen them been sold off at the wrong time meaning not getting a full price. Indeed, we could see Sterling fall following this negative announcement as confidence again slides in the government.

Sterling Impacted by Firmer US Dollar

During Friday afternoon’s trading Fed Reserve Chairman Ben Bernanke made comments that the central bank would be ready to tighten if the economy shows signs of recovery. This means they have the capacity to increase interest rates when the time is right, which could see Dollar strength. However, he did also say that the current policies would be needed for an extended period. Whilst these comments were not particularly unexpected owing to the US Bank Holiday today many investors have covered their short term positions.

Barack Obama Awarded Nobel Peace Prize

US President Obama was the awarded the prize on Friday. Since coming to office in January, President Obama has pursued an international agenda that includes a push to restart peace talks in the Middle East and negotiations over Iran's controversial nuclear programme.

Indeed, as well as Bernanke comments the currency compass was affected by the honour given to Obama. The currency market for the US Dollar strengthened by 1.3% during Friday’s trading. A difference of approx £2,400 more expensive on a US$300,000 money transfer overseas

Brown Optimistic About UK Economy

In an interview in the Daily telegraph over the Weekend Gordon Brown said that the action the government had taken is turning the economy around. ‘We've said that the economy will grow by 1.5% next year and more people are moving towards our position,’ he commented.

He went on further to say ‘I think people have moved closer to our view that Britain is capable of coming back to growth at a higher rate next year than people were originally assuming, and higher rates in the future.’ However, what you must ask yourself is this a PM who is comfortable with his strategy or a PM who is clutching at straws.

If we look at the Sterling exchange rates over the last few weeks the trend as been for Sterling weakness not only against the Euro & US Dollar but also against other major currencies including the AUD$ and NZD.

Brown’s attempts to put a more positive spin on the UK economy could help aid the falling Pound but it could be a little too late and with our own Bank of England Governor Mervyn King comfortable with a weak Pound we could see this period last for quite some time. Indeed, if you do have an upcoming currency transfer why not get in touch with our friendly and experienced currency brokers to discuss eliminating any potential negative risk by securing a forward contract.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

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Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Will Sterling Recover This Year

2009-10-09T11:50:00.003+01:00

With much talk during early September about Sterling Euro parity the exchange rates appear to have stabilised in the last two weeks with Sterling trading over a 2 cent range against the Euro exchange. The two major currencies which have rallied and may continue to do so against the Pound are both the New Zealand Dollar and Australian Dollar which have strengthened following some very good employment figures as well as having strong links with China. The outlook for the Euro still looks unsure and the currency forecast for Sterling looks unsettled.

When looking to exhcange foreign currency it is important you understand how best to save money when transferring funds overseas. This is why you should do your research by comparing currency broker exchange rates and understand the benefits of buying spot, forward contracts, limt orders and stop losses.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Sending Foreign Currency Overseas- GBP, EUR, USD, AUD, NZD, SEK, DKK, NOK, THB, JPY, CAD, CHF, ZAR, HKD, CZK, TRY

2009-10-08T08:46:00.005+01:00

Whilst the foreign exchange markets may have priced in the possibility of the Bank of England doing something to boost our ailing economy, the risk to anyone buying overseas or sending currency overseas is that this is not a certainty so there is a chance that Sterling could collapse further against all major currencies should it occur.

However if Mervyn King and his colleagues decide not to do anything, Sterling may rebound once markets realise the expectations and “pricing in” were incorrect. Given the uncertainty, whether you are buying or selling, you may want to look at a forward contract whereby you can book a current exchange rate for a date in the future, thus eliminating the risk of the exchange rate moving sharply against you- speak to one of Foreign Currency Direct's currency brokers to find out more.

Currency exchange rates can be volatile at the best of times so it's important to arrange to speak with someone who can guide you through the process of buying currency or even selling currency at best exchange rates.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Sterling and Euro Outlook

2009-10-07T15:42:00.003+01:00

The outlook for the currency pairing Sterling vs Euro and Sterling vs US Dollar weighs heavily on tomorrow's Interest Rate Decision but both zones are unlikely to cut the base rate. Indeed, rates in both areas are currently at record lows and the Pound exchange rates are close to historic lows although not yet at parity.

Sterling has improved marginally this afternoon against the single currency but its trend is likely to be short term as the UK remains fully locked into recession. Yesterday witnessed a tough day for Sterling once again as manufacturing and industrial production output figures were released and the results were wildly different from those predicted.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

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Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Yesterday's Currency Exchange Rate Movements

2009-10-07T08:30:00.002+01:00

Yesterday's Currency Exchange Rate Movements
GBP-USD -0.15%
GBP-AUD -1.44%
GBP-CAD –1.24%
GBP-NZD –0.50%
GBP-EUR –0.63%

The biggest beneficiaries in yesterdays currency trading were the Australian Dollar and Canadian Dollar gaining 1.44% and 1.24% against Sterling respectively. In real money terms this represented a difference of AUD5140 and CAD3800 on a £200,000 purchase which shows the importance of keeping in touch with us here at FCD to maximise your return by having access to our award winning exchange rates.

The reasons for these increases were due to Australia raising their interest rate to 3.25% as detailed in yesterdays market report and Canada showing impressive stats with PMI figures raising to 61.7 from a predicted 56.9. If you have a Australian Dollar or Canadian Dollar currency requirement recent movements have made these currencies particularly more expensive to buy so a call today could be wise. If you are yet to open a trading facility with us click here and set up an account in three easy steps.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

UK House Prices Continue to Rise

2009-10-06T14:37:00.005+01:00

Today the Nationwide released house price figures the fifth consecutive month where we have seen an increase in UK property which has given the currency market some hope. However, only a short time after the positive news we witnessed a drop of 1 cent for GBP vs EUR following the very negative UK Manufacturing Index.

The Australian interest rate was raised overnight from 3% to 3.25% and we have seen the AUD$ strengthen against Sterling by 4 cents through the day or over 2% equating to a difference of £4,000 on currency transfer of £200,000.

There is also discussion that Sterling may replace the Japanese Yen as a carry trade currency because interest rates for the Pound remain at record lows and may stay this low for the forseeable future. The outlook for Sterling this month remains negative with the Euro gaining strength by over two cents since the beginning of October.

The price of Gold has today hit its all time high of $1,036.60 an ounce as a decline in the value of the US Dollar boosted its attractiveness. When the world is in a period of uncertainty many investors flock to Gold.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

When is the best time to buy Euros?

2009-09-24T08:27:00.003+01:00

The question of when is the best time to buy Euros or other currencies for that matter is one which I am constantly asked. As a currency broker we have a number of different contracts which could be suitable to help you achieve the best exchange rates. Over recent weeks Sterling has beed heavily affected by the reports coming from the Bank of England about Quantitative Easing which has involved spending £175bn.

This morning we have seen a drop of 0.5% for both GBP vs USD and GBP vs EUR. Indeed, Sterling has weakened against every major currency following the short term gains seen yesterday.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Why is the Euro Strengthening?

2009-09-23T08:26:00.002+01:00

The Pound was unsettled yesterday taking early sharp losses against the Euro and most major currencies and in late afternoon trading sterling did recover, actually making some small gains against the euro and halting its recent run of losses.

Later today sees the key Bank of England minutes at 09:30. Having seen such a drop in the price of sterling exchange rates last week it could mean that the minutes are even more sensitive than usual. This time last month we saw the markets move a full percentage point on the back of the news because a few members were looking at more QE. Expect similar volatility this morning. Equally as important we shall discover what has been said about lowering the rate paid to financial institutions to hold reserves at the central bank.

Citigroup analyst Hart said 'Tight fiscal policies and easy money is about as negative a policy mix as it is possible to get for the currency and we expect sterling to exceed parity with the Euro.'

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Sending Money to France

2009-09-22T15:46:00.002+01:00

When transferring currency to France whether it be small or large amounts it is worth shopping around to get the best exchange rate available when buying currency. The range can be quite wide from tourist levels to commercial levels of exchange. The currency outlook for Sterling vs the Euro looks negative for the Pound and very strong for the single currency so it's imperative you buy Euros for a reputable currency broker who will help you to achieve the best exchange rates.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

US Dollar Exchange Rates for September 2009

2009-09-22T15:27:00.003+01:00

The US Dollar remains range bound against Sterling between 1.60 and 1.65 this month. Also this month alone we have seen the Sterling Euro exchange rate drop by 4% since the beginning of September. The Bank of England Minutes out tomorrow morning will be key as to which way Sterling may move during this month. When searching for cheap Euros or competitive exchange rates it is always worth contacting a currency broker. Making the right decision when to make a currency transfer abroad is crucial and will save you money by purchasing currency at the right time.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Sterling Euro Hits Five Month Low

2009-09-21T14:08:00.002+01:00

The Sterling vs Euro exchange rate has hit its lowest level in five months as the Pound continues to struggle owing to Mervyn King's recent comments and also the Public Sector Borrowing Debt going up. Lloyds Banking Group also announced on Friday it would be looking at alternatives to raising finance than further goverment bailouts through the APS (Asset Protection Scheme) as it is already 43% owned by the tax payer. Nearly two years on from Northern Rock, and a year on from the collapse of Lehman Brothers, it shows financial markets are still very vulnerable. With the currency markets showing problems the GBP Euro outlook and forecast looks very bleak.

With Bank of England Minutes also out on Wednesday there could be further negative movements for Sterling against the Euro and US Dollar.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Moving Abroad?

2009-09-18T09:24:00.004+01:00

When moving abroad many people always leave their currency transfers to the last minute which leaves you with little option but to take the exchange rate on the day. By contacting a currency broker early in the process it allows you to take advantage of the best exchange rates available during this time. By speaking with your currency expert you will be able to find out about spot contracts, forward contracts, limit orders and stop losses.

When sending money abroad make sure you organise your international money transfer early and don't leave it too late.

The foreign currency rates for Sterling vs Euro has dropped by almost 4% this week and Sterling has also struggled against the US Dollar by three cents meaning a cost implication of £2,000 on a GBP200,000 foreign currency transfer. However, when selling foreign currency into Sterling you have seen huge positive gains this week.

Also, if buying abroad ensure you use a trusted solicitor who will help you through the sometimes difficult process of buying property abroad.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Best Currency Exchange Rates for September 2009

2009-09-17T17:52:00.003+01:00

We saw Sterling exchange weaken marginally today following the huge losses seen earlier this week. Euro vs US Dollar has hit its best foreign currency rate since the start of the year meaning more currency for your international money transfer. In afternoon trading saw the Pound weaken again against the Euro providing clients looking to sell foreign currency a new opportunity as rates reached the best exchange rate for selling EURO’s and buying Pounds since May.

Clients that are looking to complete a money transfer should be aware that the markets can move in a minute. This was shown again on Tuesday when sterling lost nearly one percent of its value against a majority of currencies, much of it in the space of 20 minutes after Mervyn King surprised the market by saying that the Bank would implement a cut in the interest rate that banks receive on their deposits with the Bank of England.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

GBP EUR USD Exchange Rate Report and Currency Forecast

2009-09-16T09:37:00.003+01:00

Sterling exchange rates weakened across the board yesterday with sterling falling to a four month low against the Euro. That means that a £100,000 currency purchase would have gained you around €7000 more trading at the high 4 months ago. Sterling exchange rates weakened by around 5.5% over that period and have also weakened against a whole host of other currencies of late. Two of the biggest losers have been against the Aussie and Kiwi Dollar. Over the same period sterling has lost alarmingly some 17 cents or around 8% against AUD and some 24 cents or around 9.5% against NZD.

So sterling started the day on a positive note and by late morning Mervyn King swung the markets and Sterling began to slide. King admitted he was ready to use another device from his quantitative easing toolkit. These comments led to a massive sell off of sterling by investors and the exchange rates weakened for the rest of the day.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Sterling vs Euro Exchange Rates since January 2009

2009-09-08T09:22:00.001+01:00

For a foreign currency exchange rate graph for Sterling vs Euro please click on the link below...

http://www.google.co.uk/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Linear&chdeh=0&chdet=1252398098480&chddm=255748&q=CURRENCY:GBPEUR&ntsp=0

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Minor Sterling Recovery owing to positive HSBC comments

2009-09-08T09:14:00.004+01:00

Sterling suffered yesterday against a basket of major currencies as investors confidence in the Pound started to slip leading up to the much anticipated Bank Of England interest rate decision due out on Thursday at 12:00pm. There is a further possibility that the Bank of England will want more money from Quantitative Easing so watch this space.

Overnight saw the release of Australian Business confidence which is still on the up, this has led the minor Australian Dollar strength this morning. The chairman of HSBC has claimed this morning the the worst could be over for the banking sector which has been causing the rest of the UK economy to struggle. When transferring money overseas it is always important to speak with an experienced currency broker who will happily help to restrict your currency exposure by explaining how buying forward contracts and limit orders works.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Sterling Still Continues to Fall

2009-09-07T18:06:00.004+01:00

Sterling has carried on falling over the last few weeks particularly against the Australian Dollar and New Zealand Dollar. Today for example we have seen a fall of over 1% against both currencies in anticipation of the Bank of England interest rate decision on Thursday.

The Bank in August wanted more funds from its Quantitative Easing policy with further funds created. Indeed, if the Bank opts for more money it could have a detrimental effect on the value of the Pound as King is worried about GDP and the UK recession.

Euro vs US Dollar remains strong at the moment and foreign currency rates for the Euro look rather attractive as it seems the only stable currency at the moment especially after France and Germany are now officially out of recession.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Sending money to Europe and to the UK

2009-09-01T17:33:00.004+01:00

When sending money overseas and in particular when sending money to Europe please check whether or not your receiving bank may issue with a charge. If they do speak to an experienced currency broker who will talk you through the process and suggest ideas for avoiding the excessive charges levied by some countries across Europe. We have been sending currency overseas for ten years and with such experience we can suggest the various currency options available to you.

When sending money to the UK from Europe you may find it will take a little longer than expected and can be quite frustrating so talk to an expert early in the process to avoid any unnecessary delays.

Sterling against the Euro during August 2009 has dropped by over 4% meaning the cost of sending money overseas has been impacted by £4,000 on the equivalent of a £100,00 currency transfer. Sterling vs the US Dollar has also dropped by a huge 4% giving the same difference which if you're repatriating currency back from overseas you would have seen a benefit.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Currency Exchange Rate Movement August 2009 Sterling, Euro and US Dollar

2009-08-25T17:02:00.003+01:00

Sterling vs US Dollar 5%
Sterling vs Euro 3.5%
Sterling vs Australian Dollar 3%
Sterling vs New Zealand Dollar 6%

The currency exchange rates for August 2009 have moved by the above percentages. Sterling has dropped against most of the major currencies this month following on from Mervyn King's decision to continue with Quantitative Easing. He is also of the opinion that we need a weak Pound to encourage others to buy British in an attempt to increase UK GDP. This has impacted on those looking to transfer money abroad but also helped those looking to transfer Euros back to the UK from Europe, USA and Australia.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

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Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Foreign Currency Exchange Rates

2009-08-21T10:48:00.003+01:00

Today's currency movements
GBP vs EUR -0.40%
GBP vs USD -0.1%
GBP vs AUD +0.15%

Sterling has been under pressure this week following the Bank of England Minutes on Wednesday where it was shown that Mervyn King wants to increase Quantitative Easing. Indeed, with national debt on the increase and forecast at £800bn it seems a long way before we could see the UK economy recovering. However, according to the London Metro this morning we could be out of the recession in 40 days.

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Bank of England Minutes August 2009

2009-08-19T17:03:00.002+01:00

Today's Currency Movements
Sterling Dollar -1%
Sterling Euro - 1.1%
Sterling Swiss Francs - 1.2%

Bank of England policymakers split earlier this month over how much extra money to pour into Britain's struggling economy, with Governor Mervyn King voting unsuccessfully for a bigger 75 billion pound boost. The shock voting pattern revealed by minutes to the central bank's August meeting boosted chance that British interest rates would stay at record lows until middle of next year.

Sterling suddenly fell by a cent against the US Dollar and also dropped against all the other major currencies following the shock announcement. It was only the third time King has been outvoted since taking office in July 2003 and the first time he has been outvoted when taking a more dovish stance.

The other members arguing for a more moderate increase felt the worst of the recession had already passed, and there was a risk of pushing up asset prices. However, all nine members agreed that 'substantial further asset purchases' were needed and that rates should stay at 0.5 percent.

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Bank of England Mervyn King Warns about a Strong Pound

2009-08-17T17:42:00.002+01:00

Mervyn King made comments earlier today about the dangers of having a strong Pound as it could be detrimental to the UK economy as a whole. Sterling Dollar and Sterling Euro Exchange Rates have felt the impact of the comments and have slipped today by 1.5% and 0.5% respectively. Indeed, if we are to grow the economy and come out of recession it is in our interests to have a weak Pound to encourage other countries to purchase British goods and services. As one of the most powerful decision makers for the UK economy his words could have far reaching consequences.

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Unemployment Data and the Quarterly Inflation Report

2009-08-12T08:26:00.006+01:00

This morning sees two sets of very important data for the currency markets both the ILO unemployment figures and the Quarterly Inflation Report. Unemployment is expected to touch 2.5 million this month so any better and we could see some Sterling strength, although with unemployment expected to hit 3 million by the end of the year it will be a surprise if these figures come in better than expected. Indeed, the Inflation Report may come in below the 2% level set by the Bank of England which would encourage the Bank to keep interest rates at a record low for a long time.

Henk Potts from Barclays Wealth Management said 'We don't anticipate the Bank of England increasing rates before late 2010 at the earliest. If interest rates remain low for a long time we could Sterling Euro exchange rates also remain low term unless the ECB considers cutting their base rate. This could have an adverse effect on sending money overseas but could benefit those looking to sell Dollars or move Euros back to the UK.

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What is happening to the Australian Dollar?

2009-08-11T08:30:00.004+01:00

The Sterling vs Australian Dollar exchange rate has strengthened since Friday by almost six cents meaning a difference of over 3% or in real terms a change of £3000 on a AUD$200,000 foreign money transfer. With Australian interest rates remaining steady and the Bank of England's Quarterly Inflation Report out tomorrow expecting to be dovish interest rates in the UK could remain low for some time.

Having broken through the support levels of 2 to 1 and with the Australian economy showing little signs of weakening the outlook for the Australian Dollar exchange rate looks poor against the Pound. Indeed, with UK unemployment tipped to hit 3.2 million by the end of the year the Sterling outlook is currently bleak.

Even with the RICS survey showing positive signs that the housing market is picking up and the best figure since August 2007 when the credit crunch began we would anticipate that Sterling would gain a little strength against other major currencies. However, all eyes will be on the report tomorrow which could have a huge impact on the price of sending money overseas.

Although in the short term the outlook for the Pound looks grim foreign currency rates are susceptible to many factors which could instantly have both a positive and a negative impact on foreign currency exchange.

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Why is Sterling Still Dropping

2009-08-10T16:27:00.002+01:00

Sterling has dropped by 1.2% against the US Dollar, 1.05% against the Australian Dollar, 1.41% against the New Zealand Dollar, 0.85% against the Euro and a fall of 0.70% against the Swiss Franc. Sterling is still feeling the effects from the Quantitative Easing plan from last Thursday and with the Quarter Inflation Report on Wednesday the outlook for Sterling is dovish.

Following on from this data we also have unemployment figures on Wednesday with expectations on an increase. These two data sets could have a negative effect on the Pound against all mjaor currencies.

if you're looking at sending money overseas please contact me.

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Sterling Crashes Following Bank of England Announcement

2009-08-06T16:11:00.003+01:00

The Bank of England’s monetary policy committee surprised the markets earlier today by announcing that it is increasing the size of its quantitative easing measures, aimed at reigniting the UK’s flagging economy, extending the programme by £50bn to £175bn.

The currency market reacted badly to the news, losing over 2 cents against the US Dollar during the course of the day and over 1% against the Euro, crashing from recent ten and one month highs respectively.

This means that people exchanging £300,000 Pounds into Dollars at the high today would have received in excess of $510,500, compared to less than $503,000 Dollars after the announcement a loss of over $7,500 in only a few hours

For those purchasing currency for the Eurozone, £500,000 Pounds would have bought them over €591,000 this morning and less than €584,000 this afternoon.

It wasn’t the announcement itself that was the real shockwave, it was the timing. With two months having passed without increasing QE measures, things in the UK appeared to be improving with some experts even suggesting that house prices may end the year higher than they started and - although credit and loans still appear to be hard to come-by - the number of mortgage products available appears to be increasing.

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Latest Currency Report August 2009

2009-08-06T09:18:00.003+01:00

This report will look at recent currency exchange rate movements and look ahead to future data which could have an effect on the cost of sending money overseas for your upcoming foreign currency requirement

Previous Day Hi-Low
GBP vs EUR +0.35%GBP vs USD +0.22%GBP vs AUD +0.89%GBP vs NZD +0.31%GBP vs CHF +0.42

UK & Eurozone Interest Rates
Both the Bank of England and the European Central Bank meet today at 12pm and 1245pm to discuss interest rates. It is unlikely that either Bank will change rates but with the recent talks of Quantitative Easing if the BoE insists of taking the option of its £25bn that it was allocated earlier in the year we could see some Sterling weakness against the major currencies. Make sure you keep in contact with your account manager this morning to ensure you maximise your currency purchase.

UK Banks Under Pressure
After the news released by Barclays earlier this week which revealed they made profits in excess of £3bn, Lloyds Banking Group yesterday posted a major loss of £4bn in the first half of this year. Although the news was bad ,Sterling actually gained against the Euro and US Dollar concentrating on the more positive banking news from earlier this week.

Also, earlier in the week Northern Rock revealed a pre-tax loss of £724m in the first half of 2009. The two banks which refused government help (HSBC and Barclays) both posted profits. In particular Northern Rock will take a lot longer to be privatised than first thought which means the UK taxpayer will have to cover the bank in the meantime, therefore this could have an adverse effect on the Sterling exchange rate.

UK House Prices
According to the latest survey from Halifax the price of an average house in the UK went up in July by 1.1%. This was the third month in a row where we have seen increases for the property market, the first time a consistent trend has occurred since October 2007. This has given the Pound some welcome strength and we have seen the Sterling Dollar exchange rate hit its highest level since October 2008 and the highest Sterling Euro exchange rate since November 2008.

Last week Nationwide said that prices also rose in July moving upwards at its highest rate since February 2007. However, both banks were cautious about future rises and Halifax said that they expect house prices to dip by 7% by the end of the year. Indeed, if this forecast is correct we could see the Pound drop against other currencies from its current high levels.

UK & Euro Zone Manufacturing Data
July’s PMI service data for the UK came out better than expected with a reading of 53.2 compared with the estimate of 51.8. The same data came out for the Eurozone and although better than anticipated we saw only a very small increase which led to Sterling strength against the single currency in the morning’s trading session. This so called ‘green shoot’ for the UK economy has helped the Pound but it could be very short-lived. Indeed, it was only last month that many economists were talking of a ‘W-shaped’ recession.

Therefore, if you have an upcoming currency requirement please feel free to contact one of our experienced currency brokers who will be more than happy to explain how we can assist you with both Stop and Limit Orders. These contracts allow you to set a maximum and a minimum level at which you are happy to buy foreign currency and transfer money overseas.

South African Rand
The Pound has strengthened against the South African Rand to its highest point in 4 months and in the last week alone we have seen a difference of 5% or an additional ZAR65,000 on a £100,000 purchase. South Africa's biggest union on Tuesday threatened strikes at state power utility Eskom from next week and said it would shut down electricity across the country to press wage demands.

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Sending Money to Oman

2009-08-05T16:33:00.002+01:00

If you've had a problem before when sending money to Oman it's always worth contacting a currency broker with experience of transferring funds overseas. Sometimes when transferring the Omani Riyals a British bank will struggle with the information so feel free to contact me with any of your currency transfer queries.

The Sterling Omani Riyal exchange rate has moved up almost 23% since March 2009 as the Pound continues to strengthen so if you have a currency requirement to send Omani Riyals then please get in contact with me.

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Sterling vs Euro Outlook August 2009

2009-08-04T16:49:00.002+01:00

Sterling has witnessed positive movements against both the Euro and the US Dollar this week following the positive announcement from the PMI survey which saw expansion for the first time in fifteen months. Sterling has also hit 1.70 against the US Dollar if only for a few moments. There is a huge amount of resistance at this pyschological level but once it breaks we could see the Dollar weaken quickly against Sterling. Sometimes when we see Dollar weakness we see Euro strength so if this is the case if you have a Euro currency requirement it may be worth getting in contact.

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Banking News Hits the Pound

2009-08-04T09:16:00.003+01:00

This morning Sterling has dropped slightly against both the US Dollar and Euro following the banking news from Northern Rock which showed they have lost approximately £750m. Compared to yesterday when Barclays announced profits of £3bn and Sterling gained against all the major currency pairs we have seen the UK react negatively to the news. Sterling hit 1.70 against the US Dollar which hit the year high yesterday. There are possible hints that the GBP vs USD exchange rate will increase later in the day so watch this space. If you are thinking about exchanging foreign currency and would like to make a foreign money transfer then feel free to ask me a question.

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Sterling Hits Year High Against US Dollar

2009-08-03T15:54:00.003+01:00

Sterling vs US Dollar has hit its highest level all year and the best exchange rate since October 2008. Manufacturing data has shown on the PMI survey over 50 the first sign of expansion for fifteen months. However, the Bank of England on Thursday are unlikely to move rates from their current low of 0.5%.
Sterling vs Japanese Yen has also hit the high of the year and Sterling vs Euro is also a fraction of its year high. This short term increase for the Pound could be short lived but makes it an ideal time to be transferring funds overseas. For more information about moving money abroad or selling foreing currency please contact me.

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Sterling Euro Almost at Year High

2009-07-30T16:33:00.005+01:00

Sterling vs Euro hit its second highest level against the Euro as Sterling exchange rates increased against all the major currencies today following some very positive Nationwide house price data. Figures from the Nationwide Building Society showed UK house prices rose 1.3 percent on the month in July, taking the annual rate of decline to 6.2 percent, its smallest drop in more than a year. Sterling has broken through resistance levels against the single currency giving a brief hint of short term recovery.

For those looking to buy foreign currency at best exchange rates feel free to contact me to discuss how we can assist you with your foreign currency transfers.

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US Dollar Strengthens against Sterling

2009-07-29T09:07:00.004+01:00

Although the US released weaker than anticipated Consumer Confidence data Sterling actually lost 0.4% against the Dollar. This is possibly due to the Bank of England introducing further Quantitative Easing. Sterling also fell against all the major currencies apart from South African Rand. The FTSE fell for the first time in ten days yesterday after what many are saying is profit taking from an over valued market.

Exchange rates for Sterling against the Australian Dollar this morning have recovered to over 1.99 after dropping below 2 to the Pound following some comments from the Reserve Bank of Australia who hinted that they may push up interest rates. When sending money overseas always contact a currency broker to explain how to exchange foreign currency at competitive currency rates.

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GBP Close to Year High Against Japanese Yen

2009-07-28T15:52:00.000+01:00

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Euro Hits 1.16

2009-07-28T15:51:00.001+01:00

Moving Sterling into Australian Dollars

2009-07-28T10:27:00.004+01:00

In the last few hours the National Bank of Australia announced the Business Confidence figures for the second quarter. The results were a significant improvement upon the previous quarter up to -4 from -24. Sterling vs Australian Dollar exchange rates have dropped by 0.8% already this morning and are predicted in the short term to drop even further.

When sending money to Australia it is important you consult your currency broker who will explain in detail how a spot or a forward contract can work to help maximise your exchange rate when transferring Australian Dollars. If you have a foreign currency requirement and want to save money against the high street banks please contact me.

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What will the Bank of England Minutes Reveal

2009-07-22T08:43:00.003+01:00

The Pound saw some losses across the board against most of the major currency pairs after the national debt was published at £13.08bn. Sterling also lost ground as investors are struggling to decide which currency to keep at this volatile time. The exchange rates for the Pound vs Euro have dropped by almost 2% this week and 1% for GBP vs US Dollar currency rate.

For anyone looking at foreign currency exchange in the short term many are waiting for what will happen with the Bank of England minutes out at 930am. For any foreign money transfers or sening money overseas it's important that you speak with an experienced currency broker who will be happy to discuss how to achieve the best exchange rate available

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Euro Outlook July 2009

2009-07-21T08:52:00.003+01:00

The Euro has strengthened overnight in anticipation of Bernanke's speech later today. Although mortgage lending in the UK showed an increase of 17% sine June the UK's housing market still remains uncertain. Bernanke's speech this afternoon is likely to have a huge impact on the currency markets and some are calling Dollar strength.

Tomorrow's main release comes from the Bank of England who will publish the minutes from earlier this month. If there is talk of more quantitative easing we could see an adverse effect for anyone sending money overseas. Today GBP vs EURO has dropped by -0.45% already.

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Sterling vs US Dollar Rate July 2009

2009-07-20T14:33:00.003+01:00

Sterling has pushed up against the US Dollar this afternoon following oil prices shoot up above US$64 per barrel. This is seen as a bit of short term weakness so I would expect the markets to stabilise tomorrow. The exchange rates have been a little more volatile recently and the currency markets have been over reacting to data.

Mnay clients have been transferring Dollars into Sterling this month to take advantage of the Dollar's periodic strength against the Pound.

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Sterling Euro Exchange Rate Outlook and Forecast for July 2009

2009-07-16T10:59:00.002+01:00

When looking around for the best exchange rates it is essential you speak with an experienced currency broker who will be happy to discuss currency requirements and make sure that you have access to buying currency at competitive levels.

There are a few rumours flying round that the currency markets are recovering and an end to the recession is in sight but with UK unemployment hitting 2.38m earlier this week a recovery could be a long way off. If you would like an up to date currency report feel free to subscribe or get in touch.

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Moving Euros into Dollars

2009-07-15T09:34:00.002+01:00

The Euro strengthened yesterday against the Dollar following the news from China hinting that they may move out of the Dollar and concentrate more spending in tehir own economy. The Dollar has however remained relatively strong over the last month even though the exchange rate against both Euro and Sterling has slightly dipped. For those using Euros to buy Dollars it may be worth looking at the options of a forward contract to eliminate any potential negative risk.

With European interest rates remaining steady at 1% and the US showing small signs of recovery there are rumours that the Dollar may strengthen. However, the ECB are confident that they will be the first area/country to receover from the credit crunch.

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Sterling Euro Exchange Rates

2009-07-13T17:06:00.002+01:00

Trichet spoke earlier today and we saw the Euro strengthen against the Pound. He was saying that the quantitative easing programme that the Euro zone has offered has worked so far. He also mentioned that he was comfortable with the current interest rate for the single currency.

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Current Exchange Rates and Outlook

2009-07-09T17:21:00.002+01:00

Sterling found support during yesterday’s trading after the Bank of England kept its quantitative easing target unchanged, surprising markets which had expected the central bank to expand its asset buying scheme by up to £25 billion. Sterling gained against the Euro by 0.4% on the previous day's reading meaning cheaper exchange rates for those sending money overseas. However, Sterling remains three cents off the best exchnage rates against the Euro this year.

This was to overshadow the Banks Interest rate decision as expectedly they decided to keep interest rates on hold at 0.5% for the fourth consecutive month.

Regular readers will recall when the bank first initiated its quantitative easing earlier this year sterling lost nearly 3% against the Euro and USD and this was the reason sterling had lost ground in the run up to yesterday’s announcement.

"Part of sterling's weakness recently came on the back of expectations that the BoE would announce extra Quantitative Easing, and the fact that it did nothing will help sterling today," Brown Brothers Harriman currency strategist Audrey Childe-Freeman said.

Those of you with an up and coming sterling requirement should be wary however as many analysts said the BoE tended to make major decisions in months it publishes new forecasts, and would expand its asset buying programme next month

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Dollar Strengthens against the Euro and Pound

2009-07-08T17:26:00.003+01:00

The Dollar has strengthened today against Sterling and has dropped out of the 1.60 for the first time in the last two months. The USD has also picked up against the Euro. Alastair Darling has been discussing the banking system is the UK and looks set to impose tougher regulation and therefore consumers will get more protection, under reforms proposed by the chancellor.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Foreign Exchange Rates

2009-07-06T17:41:00.002+01:00

Sterling has fallen in value against all the major currency pairs early this morning in anticipation of President Obama's visit to Russia. The Dollar has strengthened to its highest level in almost a month against the Pound and has done the same against the Euro. As currency brokers we have seen a huge selling of US Dollars into Euros and Selling Dollars into Sterling too. Exchange rates are waiting in expectation of UK interest rates which are out on Thursday.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Weekly Currency Report

2009-07-03T08:46:00.002+01:00

The Sterling vs US Dollar exchange rate this week has by three cents during the week following some positive PMI data for the UK and some appalling job data for the US yesterday afternoon. When selling US Dollars or buying foreign currency the difference this week has been 2% or £3000 on a £150,000 foreign currency transfer.

This week's exchange rate against the Euro has been a little more stable with not much economic data out. The ECB kept interest rates on hold yesterday at 1% which was to be expected. The US celebrate Independence Day today so foreign currency rates may move a little more than anticipated as the trading volumes are thinner and therefore more apparent.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco

Currency Report

2009-07-01T17:37:00.002+01:00

Exchange rates for June 2009 have been on the up for the Pound vs Dollar and Pound vs Euro. There are rumours that the ECB may hint about moving interest rates over the next quarter but it is unlikely they will do anything just yet. UK Factory PMI hit a 13 month high which helped aid Sterling's recovery but the currency markets are moving in anticipation of the interest rate decision tomorrow. For the best exchange rates and more information when sending money overseas please get in touch.

This is a brief summary of today's report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

For more information please do not hesitate to email teh@currencies.co.uk

Euro Outlook US Dollar Outlook New Zealand Outlook Euro Forecast Australian Dollar Outlook South African Rand Outlook Japanese Yen Outlook Sterling Outlook Canadian Dollar Outlook US Dollar Forecast Sterling Forecast, New Zealand Forecast, Japanese Yen Forecast Canadian Dollar Forecast South African Rand Forecast Currency Rates Exchange Rates Buying Property in Mexico Buying Property in Hungary Buying Property in Czech Republic Buying Property in Sydney Buying Property in Brazil Buying Property in Morocco