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By Jonathan Watson

The Irish austerity measures were yesterday passed through the Irish Parliament and will help secure the EU and IMF funding neccessary to allow the country to continue financially.

The questions is now how are the other countries finances,which are in equally dire straits going to be managed? The Euro has weakened as the markets get a feel that the ECB has no coherent policy in managing the crisis.

I expect further Euro weakness in the coming weeks and months although the UK is not neccessarily best placed to take advantage.

If you have any currency requirements please fill in the contact form and on e of the experienced currency traders who srite on this blog can discuss how we can save you money.

By Jonathan Watson

The specialist currency brokers that take the time to write on this blog are able to achieve excellent rates of exchange for their clients, saving them money.

By offering preferrential and commercial rates of exchange to anyone who needs to send foreign currency electronically, we can offer savings of thousands.

Typical bank transactions can be up beaten by up to 4% and we offer a service that offers guidance on the market, peaks and troughs in the market will be identified which can work to your advantage if traded on. No one knows exactly where the will market go, but we can look at recent and upcoming events and seek to maximise your transfer.

Please fill in the contact form and we can examine all your options with a view to saving you money!

By Jonathan Watson

Australia yesterday raised interest rates to 4.75%, up 0.25% from previous.

The Australian economy is really benefitting from a global upsurge in raw material requirements, predominantly from Asia and is also benefitting from a strong housing market.

The interest rate rise reflects the confidence in their economy and will make the Aussie look even more attractive to investors.

Against sterling I would not be suprised to see the rate go towards 1.50 in the next few months, particularly as the UK’s economic recovery is still precarious. A recent report from the CIPD – Chartered Institute of Personel and Development suggests unemployment could go significnatly higher than previous (government) estimates.

Either way uncertainty looks set to continue in the UK, whilst the Aussie is very secure. If you are looking to buy Aussie’s even if in a year or two years, it may be best to book a rate now. I had clients who never believed it would drop below 2. then 1.80, and then 1.60!

We are currency experts who work in the industry and can assist in your movement of funds offering guidance and opinion. If you would like to discuss your options fully, please get in touch.

By Jonathan Watson

Sterling gains are marking a great time to sell sterling. Positive GDP figures of 0.8% have given the markets a boost, as confidence returns to the UK. There is a raft of data out this week that is expected to show sterling strength, namely PMI data. That is the Purchasing Managers Index, and it reflects the mood and sentiment among UK manufacturing.

All this good news must be viewed with caution I feel due to the budget cuts the coalition has announced. We have seen sterling lose heavily against all the majors when there is uncertainty over the UK’s economic position, so rather than gambling on the market moving your way, why not speak to currency experts who will be looking to save you money.

Please fill in the contact from and one of the experienced dealers who write on this blog will be in touch.

By Alex Ellis

The euro was a hot potato during the summer months as investors moved to those currencies seen as more secure. One of these was the pound which benefited from large movements and swings as the economy was seen as much more stable and on a healthy recovery. However since the 30^th June Sterling has lost 9% against the Euro and there are concerns that these losses could continue with the budget cuts next week and fears of an extension to the Bank of England’s Quantitative Easing programme.

How can you protect yourself in this situation?

The simplest and easiest way to protect yourself in this situation is to book a forward contract; this allows you to book an exchange rate for up to two years in the future. No one can accurately predict what the market will do but careful use of this contract can help prevent substantial losses. All you need is a small proportion of the overall value of your purchase to book a forward and then your position is secured.

Use Currency Line to contact an experienced currency broker and discuss this further, as with anything you will want to be well informed before committing yourself.