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By James Lovick

We are seeing sterling strength this morning probably still on the back of the positive mood following the house price data yesterday. This is making buying euros cheaper.

For currency transfers to the eurozone exchange rates are moving in the right direction. Currency rates across the board for sterling are on the up.

For anyone selling euros the strength of the pound should be of concern. This is also true for anyone selling dollars.

We have Canadian GDP figures out this afternoon which could change the price of Canadian dollars dramatically. Similarly we have US GDP data this afternoon which could be a similar story! Lot’s going on!

By Colm Gilhooly

Growth in the US will be another key focus on Friday when the US GDP figures are released as the US Dollar has remained range-bound.  The greenback has had a 2 cent range over the last few days against Sterling so if you are buying Dollars, or indeed deciding whether or not to cut your losses and sell currency, it will be interesting to see if this range is broken.

A similar trend has been seen on Euro rates against the US Dollar with a 3 cents range for the currency pair over the last 7 days- will Friday test new levels?

By James Lovick

The Green shoots are back! The pound saw good gains against the euro this morning probably on the back of the sharp rise in house prices. Exchange rates for the pound against the USD also increased. Anyone in need of currency transfers away from sterling are in a much better position following the release. All the same with GDP so low and unemployment rising as we all know, it does make you think how long we can see currency rates for for the pound increasing.

By Stephen Hughes

As you may or may not be aware, the release of economic data and / or sentiment is one of the 4 points of the currency compass; the others being political instability, acts of terrorism and acts of God.

This week we have a range of data from all corners of the world, here are the main ones to keep an eye out for:

27th July, 7am - UK Nationwide house price data.
27th July, 3pm – US New home sales
27th / 28th July, 11pm – US Federal Reserve Ben Bernanke speech
28th July, 4am – Australia RBA Business Confidence
2th July, 1am – Japanese retail sales data.

For more insight into how these releases may affect the currency you need to buy and for a range of ways to protect yourself against adverse market movement fill in the form under the currency tab and we will get an experienced currency broker to call you back for a free consultation.s leading financial institutions

By James Lovick

All eyes on the GDP figures released at 09:30 this morning which could seriously effect sterling exchange rates. The forecast is for an improvement on the last quarter although still in negative territory which is likely to keep the currency at bay.

Personally, with unemployment rising and all the other problems I would be surprised if the figure came in as good as this. If there is a day where the figures could come in well below forecast then this is probably one of them. Expect volatility for both sterling euro exchange rates and sterling dollar. It could be an interesting day!