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By Tom Higham

With the news that a Labour government is more likely than a Tory in the upcoming general election the Pound has fallen further in this mornings trading. With the Conservative government losing their lead in the polls it appears that the Pound is following the Tories in a downward trend and with levels of resistance against both the Euro and the US Dollar means we could be very close to a big Sterling collapse. However, the problems in Greece persist so opinions of where the market will head next remain very split. If you would like to discuss in more detail the market outlook with a currency expert then complete the contact us form and a broker will be in touch shortly.

By Tom Higham

Following the governor of the Bank of England Mervyn King’s comments yesterday morning that Quantatitive Easing (QE) programme could be used again in the coming months the Pound fell agains a basket of major currencies. However, we did see a rebound towards the end of the day and we begin trading today with Sterling again losing ground but still at decent buying levels especially for those with a Euro requirement.

If you would like to discuss your requirements and the options open to you then complete the contact form and an experience currency broker will be in touch to assist you.

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 Tom Higham

The Bank of England (BoE) have just released their latest set of minutes which show that the central bank have voted unanimously 9-0 in favour of keeping rates on hold and also keeping the Quantitative Easing programme on hold. The Bank stated that there was a discussion on whether to keep the QE programme on hold or not but the view that rising inflation would not be helped with more funds being pumped into the economy.

Also released this morning has been the UK unemployment which were marginally worse than expected. As a result Sterling has lost ground off the back of both these data releases. Sterling is down against most the major currencies including the US Dollar, Euro and Swiss Franc.

If you need to send funds internationally please complete the contact us form and an experienced currency broker will get in touch.

By Tom Higham

The currency markets are holding relatively steady today as analysts and economists wait for the news from the Eurozone with regards to the Greece bailout package. Opinion is widely split as to what affect the bailout package will have on Sterling Euro exchange rates. Some believe that with the Greek economy in a better state it will bode better for the Eurozone and therefore strengthen the Euro while others believe it sends out a negative signal to the likes of Spain, Italy and Ireland who will feel that regardless of how bad their economy gets they will be bailed out by the Eurozone.

So, today Greece really is the word!