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By Tom Higham

The Pound exchange rates have held relatively firm in trading today with Sterling Euro exchange rates moving only 0.3% and Sterling Dollar exchange rates moving 0.19%. However, the good news is the movement is Sterling positive! So, even though the movement is small it is positive and if you need to send money overseas please complete the contact us form and an experienced and knowledgeable dealers will contact you.

By Alex Ellis

In order to achieve the best exchange rates one must ensure that they are well informed before committing to any form of currency purchase. The currency market is the most volatile financial market in the world, for example on Friday if you were conducting a £100,000 currency conversion into US Dollars then you could’ve gained an extra $4,424 if you bought at the high of the day compared to the low.

 The easiest way to gain an understanding of the workings of the market and current exchange rates is to contact an experienced currency broker who can help to outline historic exchange rates as well as any potential impacting factors on the currency market.

 The Bank of New York has predicted that Sterling/Euro Exchange Rates will almost hit parity towards the mid-point of this year. For anyone looking to purchase Euros this will come as ominous news. I personally feel that Sterling may drop one last time before we see a period of prolonged recovery, and I believe that this will happen as UK GDP and other economical data will begin to falter.

In order to buy before any downturns in exchange rates, use currency line to contact our award winning currency brokerage.

By Alex Ellis

If you are looking at changing pounds into a foreign currency, then you will want to know what current impacting factors are effecting the currency market and what implications these will have when sending money overseas.

This morning has seen Dollar exchange rates massively gain strength against Sterling, this follows the news from the FED last night that the cost of borrowing for the US banks has increased. This has been seen as a major positive for the Dollar and has caused rates to drop to the lowest levels for 9 months.

I personally believe that we may see levels hit the 1.52’s as this strength seems to be fairly prolonged and is showing no signs of improvement for the pound. This along with the possiblility of a slump in UK GDP figures later on next week, doesn’t bode well for the future of the pound.

Sterling hasn’t just been struggling against the USD, as Euro rates have been somewhat affected as well, previously Sterling exchange rates were showing strength against the Euro because of Greece. However it seems as is often the case with spikes such as these; we have reached the high point and are now experiencing the downturn.

By Alex Ellis

Sterling exchange rates have taken quite a hit this morning after mortgage figures were released and showed that mortgage approvals for the month of January declined sharply down to 49k from 60k. Mortgage approvals are seen as a clear indicator of the health of the housing market and therefore this could be the first sign that the U.K. will enter into what is known as a double dipped recession. For those looking to emigrate to the U.k. you could end up making substantial savings if you conduct your currency purchases now rather than running the gauntlet later on in the year.

Meanwhile there are still echoes of Greece hitting the currency market as the Euro exchange rates remain somewhat uncertain and volatile. Exchange rates are remaining volatile and therefore for anyone conducting any form of currency purcchase use currency line to contact an experienced currency broker.

By Alex Ellis

Sterling exchange rates have remained especially volatile this morning as the market remains apprehensive of the details surrounding the bailout package for Greece. Initially it seemed that European finance chiefs were  confident as to what measures would need to be put into place in order to assist Greece, however their reluctance to specify what their plans are, has left the market reeling.

The news from the US is that is that the US government may raise interest rates at some point in the near future, if they were to take these measures then this is likely to impact on Dollar exchange rates. Many commodities are priced on the greenback and therefore this could have a huge significance for various currency pairings.