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By Tom Higham

With Labour about to annouce their last budget before the upcoming general election at half past twelve today the pound has begun the day well against most the major currencies, only against the dollar has the pound lost ground with nearly half a cent positive movement seen against the Euro. With many expecting the budget to be more of a party political broadcast ahead of the election rather than a meaningfull budget we may see some sterling movement in the run up to the announcement at 12:30.

So, if you need to send money overseas please complete the contact us form and an experience currency broker will be in touch to discuss your requriements and the options open to you.

By Alex Ellis

If the U.K. were to enter into a hung parliament the potential impact this would have on the economy could be disastrous. As the UK still remains fragile and weak a hung parliament would mean that passing policies in order to combat debt would require both parties to come to an agreement and therefore taking much longer.

For Sterling exchange rates and even for other major currency pairings this could cause some excellent buying or selling opportunities, however the general consensus is that it will make sterling much weaker. This will mean for those looking to move back to the U.K. there may never be a greater opportunity to change your currency.

By Tom Higham

The market is off to a quiet start this week with only minimal losses for the Pound against the major currencies. With the budget released on Wednesday all eyes will be on this. With UK politics currently under the microscope it is likely that the budget will be used by Labour to push why they should be the party to lead the country out of recession at upcoming general election. So, there is a chance that the budget will turn out to be more of a party political broadcast but regardless it is likely to cause volatility in the lead up. So, if you need to send money overseas make sure you complete the contact us form and an experienced curerncy broker will be in touch to discuss your requirements and the options open to you.

By Tom Higham

Better than expected employment figures have given Serling a much needed boost this morning up over half a cent against the Euro and over one cent against the US Dollar. This has provided some fantastic buying opportunities, so if you need to send money overseas then complete the contact us form and an experienced currency broker will be in touch to discuss the options open to you.

These spikes in the market can often be short lived and with the problems in the UK still having a negative impact on the Pound we may not see these buying opportunities for long so if you need to buy euros or dollars it could be worth speaking to a currency broker sooner rather than later.

By Alex Ellis

The potential impact of a bailout for Greece on the currency market

For those looking to conduct currency purchases especially those that involve Euros then all eyes will be on any releases over the course of this week regarding any potential bailout for Greece.

It has been announced this morning that officials from the other nations within the European Union have developed a strategy that will help to assist Greece and reduce their debt. It is believed that a major factor which pushed this proposal forward was the fact that the single currency remains weak, especially against the dollar.

With U.K. debt mounting it would be catastrophic for the pound if the economy were to enter in a position where it required a bailout, and with the risk of a hung parliament growing this becomes even more of a possibility.