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Sterling Strength Ahead of Budget

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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.

Sterling Exchange Rates Hold Firm

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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.

Sterling Rates Improve

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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.

Sterling Begins The Week on A Downward Trend

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There was little suprise this morning as the Pound continues to lose ground against all the major currencies including already over one percent against the US, Canadian and New Zealand Dollar, while Sterling is down three quarters of a percent against the Euro. There was bad news for the UK housing market this morning as prices were shown to be falling again as the bad news for the UK economy continued. The signs are bad for Sterling so if you need to send money overseas complete the contact us form and an experienced curerncy broker will be in touch to explain all the options open to you to help ensure you get the best exchange rate and save money on your currency transfer.

Sterling Weakness Continues

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As political pressure continues to mount on the UK Sterling is still falling this morning. Sterling Dollar exchange rates are now below the 1.50 marker and Sterling Euro has fallen below the 1.10 level. Should confidence continue to wain for the UK economy we could well see the Pound fall further meaning good buying opportunities may be few and far between.

So, if you need to send money overseas please complete the contact us form and an experienced currency broker will soon be in touch.