www.currencyline.co.uk

By Stephen Hughes

With UK markets closed on Monday yesterday saw another great day for Sterling climbing yet further against most major currencies, even threatening 1.60 against the Greenback.

Don’t forget most currency brokers are able, using forward contracts, to lock into exchange rates where we are today for anything up to two years ahead, great news if you have overseas property stage payments to worry about or investments that you need to complete on in the future

By Tom Higham

Another day of Sterling strength today as trading resumed after bank holiday. Sterling is currently at the highest levels this year against the dollar and a two month high against the Euro.

By Ed Bianco

I noticed north korea has been testing its nuclear weapons again, I have a feeling this is going to affect the dollar I think we could see two dollars to the pound within six months. The Euro against the dollar took a hammering last week could be a good time for Beryl to buy a little home abroad…

By Stephen Hughes

Suddenly Sterling seems to be putting up a sustained fight against other major currencies, how long it will last we can’t be sure but for the time being things are looking rosy (or green on your Retuers screens!!!).

Oh and think……..if we didn’t have all the scandal going on in “troughminster” and actually had some political stability………how much better might the Pound be doing

By Tom Higham

Despite unrest in the UK Government with the speaker Michael Martin stepping down and leading politicians under fire for their expense claims and inflation falling faster than inflation hinting at the possibility of deflation the pound has gained strength today. We are close to the highest levels against both the Euro and the US Dollar for the year.

The question is will it last? With the Bank of England Minutes released tomorrow I believe probably not!

Roger.