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By Tom Higham

The pound has continued to perform well today with gains of over one cent against the US Dollar, nearly two cent gains against both the Australian and New Zealand Dollar and slight gains against the Euro. This positive movement for the Pound comes after yesterdays news that the UK economy grew more than predicted in the last quarter of 2009. Official figures released yesterday showed the UK economy had grown by 0.4% compared to the 0.3% figure that had been predicted and although the difference was slight it still gave the pound a much needed boost.

So, if you need to buy currency complete the contact us form and an experienced currency broker will be in touch to explain all the option open to you.

By Alex Ellis

At 09:30 (AM) this morning the Office of National Statistics release the revised GDP figure for the 4th quarter 2010. The expectation is that this figure will be revised to 0.3%, and figures that are released slightly different to what is expected may raise speculation of a double dipped recession and therefore cause sterling weakness.

However it is worth noting that when this revision was announced previously although the figure released was positive, sterling rates actually dropped which goes against what typically follows a positive release.

To find out more about the impact of this release use currency line in order to contact Foreign Curency Direct, an award winning market leader in the foreign exchange market.

By Tom Higham

Sterling has started the week positively as the pound has gained over a cent against the US Dollar, half a cent against the Canadian Dollar and a slight improvement against the Euro. This means we are seeing some very good buying opportunities this morning and with UK Gross Domestic Product due for release this week the opportunities may not last for long.

So, if you need to buy currency or send money overseas complete the contact us form and an experienced currency broker will be in touch to explain all the options available to you.

By Alex Ellis

There are a number of factors that could influence exchange rates today and cause excessive volatility on the currency market.

The first factor is the potential bailout package for Greece, reports early this morning have stated that a bailout package of €22 Billion has been agreed, and this could cause euro strength. In the long term this should take some of the focus away from the PIGS of Europe (Portugal, Ireland, Greece, and Spain) and allow the stronger economies to drive the euro rates upwards.

Secondly the U.S. Dollar may see some strong movement today as GDP data is released at 12:30; this figure is expected to be positive and therefore should cause positive movement for the US dollar. Currently there is a lot of confidence in the dollar and the currency remains strong against both sterling and the euro.

For those looking to trade currency at present, use Currency Line to contact one of our experienced currency brokers, who will be able to assist you and inform you of how these releases have affected the market.

By Alex Ellis

There has been significant steling strength following the U.K. budget report yesterday; during this report it was announced that the amount of government borrowing has been revised. This revision has shown a decrease and therefore can be attributed to the short term gains we have seen for sterling last night.

However this gain c0uld be short lived with U.K. retail figures release today at 09:30 AM, some analysts are predicting that these figures could be released worse than expected. However I believe that these figures could surprise the market and we may see some sterling strength following the release.

Either way in order to best manage your financial position prior and following the release contact one of our experienced currency brokers using Currency Line.