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By Tom Higham

The Pound has had a mixed days trading as we have seen over a cent gain against the US Dollar but has fallen by over a cent and a half against the Kiwi Dollar while remaining very flat against the Euro. Positive news for the UK was that the average interest rate charged by lenders had fallen below 5% for the first time since June due to an increase in mortgage competition.

Meanwhile across the Pond the fact that the FED believed interest rates would remain low for some time led to the Dollare weakening and with investors moving funds out of the Dollar and into Gold the dollar weakened further pushing the Pound up resulting in some good buying opportunities on the Greenback.

By Alex Ellis

Sterling lost ground over the course of last week against the two most major currencies; against the Euro this change was -1.3% and against the US Dollar this change was -2.1% over the course of the week.

The cause of this weakness can be attributed to a number of data releases, one of which being the Bank of England’s minutes which were released on Wednesday. During the course of the original meeting it was decided that the Quantitative Easing programme was set to continue, however these minutes showed a 3-way split in the voting which some have interpreted as Sterling uncertainty.

The credit rating agency Fitch also stated that the U.K. was the nation most at risk of losing its AAA rating, which in turn caused Sterling weakness.

As we approach the years close there will be more and more data releases, which will make the currency market especially volatile over the coming months.  Therefore in order to ensure that you maximise your saving and buy your currency at the right time, stay in contact with an experienced currency specialist.

By Tom Higham

The Bank of England today released their latest minutes from this months interest rate decision. The minutes highlighted that the central bank had a split opinoin over whether to increase the Quantitative Easing programme with some members voting for a £25billion increase, one member voting for a £50billion increase and the rest voting for no rise. This shows that while the bank have very little control over the UK economy they also are undecided and not on the same wavelength.

This has been bad news for the Pound with the exchange rates falling across the board. Sterling lost over one cent against the Euro, half a cent against the Dollar. So, if you need to send money overseas then speak to an experienced currency broker by completing the contact us form so you can discuss all the options open to  you to help you get the best exchange rate.

By Tom Higham

The Pound had a good day today in the currency market as Sterling gained over a cent against the US Dollar and a third of a cent against the Euro. These are big gains equating to around an £875 saving on a $200,000 tramsfer if you had traded at the high of the day compared to the low on the Dollar and £1,290 on a €200,000 transfer.

If you need to send money overseas then fill in the contact us form and an experienced currency broker will be in touch to discuss all the options open to you to help you get the best exchange rates.

By Tom Higham

The Pound has had a good day today gaining against most the major currencies including the Euro which we saw over half a percent rise during the days trading. The Pound gained strength today as the Council of Mortgage Lenders (CML) stated that the number of repossessions expected this year had been reduced. Following a number of mixed data releases this news was seen as a refreshing change and so the Pound strengthed off the back of it.

This has led to some good buying opportunities for those selling Sterling and buying foreign currency. So, if you need to send money abroad complete the contact us section and an experienced currency broker will be in touch.