Archive for April, 2010

Sterling Exchange rates improve following positive data releases

By

Sterling exchange rates have improved dramatically over the last two days, following the minutes from the Bank of England’s recent meeting as well as a huge drop in UK unemployment figures. Following this today’s retail sales figures showed an increase of 0.4% for the month of March and therefore this has helped to bolster sterling exchange rates.

If you are looking to sell sterling to buy another currency then use Currency Line to contact one of our experienced currency brokers who will help you to act and book your currency now.

In other currency news both the US Dollar and Canadian Dollar exchange rates remain artificially high and therefore if you are looking to buy these currencies it is worth seeking advice before committing to a currency exchange.

Sterling Rises Despite Political Uncertainty

By

The Pound has continued to rally this morning despite the levels of uncertainty in the political arena. Some polls are showing a Lib Dem lead while others are showing a Tory lead but neither showing enough for a majority so while the election rumbles on it is likely that we will continue to see a lot of volatility in the currency markets. So, while the Pound is at a two month high against the Euro and up by over three quarters of a cent today there are some fantastic buying opportunities.

So, if you need to send money overseas complete the contact us form and an experienced currency broker will be in touch to explain all the options open to you and the current live buying and selling prices.

Sterling exchange rates rally following another election poll in the Sun

By

Sterling exchange rates have rallied this morning, following a poll overnight in the Sun newspaper which showed that the Tories have restablished their lead over both Labour and the Liberal Democrats.

This shows just how sensitive sterling is at the moment as if there is any hint of a hung parliament rates seem to reflect this by dropping dramatically, therefore for those looking to conduct a currency purchase use Currency Line to contact an award winning  currency broker before commiting to an exchange rate.

Meanwhile the Dollar still remains the strongest out of the three major currencies; dollar, euro and pound. For those looking to sell dollars and buy another currency you could stand to make substantial profits compared with a few months before.

Sterling Exchange Rates Fall

By

The Pound has begun the week losing ground following a new opinion poll published in the Sun this morning showing the Liberal Democrats leading the race but the fact that the difference between the three parties is so small that the chances of a hung parliment is increasing and as a result Sterling has lost over a cent against the Dollar, nearly one and a half cent against the Kiwi Dollar and half a cent against the Euro. With more live tv debates coming up it is likely that the opinion polls will continue to swing one way and another and as a result the Pound could move with it leading to a very dramatic weeks in the markets.

Sterling tumbles after the live election debate last night

By

Sterling exchange rates have taken quite a hit this morning as it looks like the uncertainty and possibility of a hung parliament has been ressurected after the live election debate last night. For those of you who missed the debate you only have to look at one of the tabloid headlines to see that both the Conservatives and Labour were not portrayed very positively. Prior to this the Convervatives held a 12 point lead over Labour and this looks to have been reduced following last nights debate.

For those looking to conduct currency exchange this will make the market especially volatile and therefore in order to ensure that your exchange is conducted at the best possible time, use Currency Line to contact an award winning currency broker who will assist you with this.