Currency Line

Sterling Exchange Rates

Tom Higham — Mon, 08 Feb 2010 11:46:18 +0000

This morning the Pound exchange rates have started the day poorly falling against most the major currencies. Sterling has lost half a percent against both the Euro and the Dollar. With the chances of a hung parliment in the UK and a soaring budget deficit Sterling remains under a lot of pressure. However, tomorrow sees UK retail sales and expectations are for an improvement which could give a welcome boost for the Pound.

So, if you need to send funds internationally complete the contact us form and an experienced and knowledgeable currency trader will be in touch and explain all the options open to you to help you make the most of your currency transfer.

Currency Exchange Rates

Alex Ellis — Fri, 05 Feb 2010 09:33:43 +0000

Sterling exchange rates seem to be plummeting this morning as positive news from the U.S. and panic buying from investors has pushed the exchange rates downwards.

The most affected by this has been the GBP USD exchange rates which have lost over a cent between the markets open and trading this morning. For anyone looking to purchase Dollars this will make your transaction more costly, especially for those looking to send larger amounts overseas.

Meanwhile Sterling exchange rates have also fallen against the Euro and with the majority of individuals either looking to purchase or already owning a property in the Eurozone, this news becomes ever more important. For those looking to sell property overseas and purchase Sterling, then you may make large profits by selling now.

Currency Exchange

Alex Ellis — Thu, 04 Feb 2010 09:57:14 +0000

Today sees an interesting day for both Sterling and the Euro as both of the central banks will release their interest rate decision today. The bank of England will release theirs at 12:00 (GMT) whilst the European Central Bank will release their decision at 12:45 (GMT). The prediciton is that neither of these will increase interest rates however usually the governor of each of these banks will conduct a speech during which they will announce the forecast for the currency.

For those looking to buy Euros you must treat today with severe caution as any movement could affect the savings you recieve on your currency purchase.

Exchange Rates

Alex Ellis — Wed, 03 Feb 2010 09:09:39 +0000

Sterling lost ground against the Euro and Dollar yesterday, this can be attributed to the caution that investors are taking ahead of the Bank of England’s interest rate decision tomorrow at 12:00 (GMT). The BoE are also expected to announce whether or not they are going to continue the asset purchasing programme Quantitative Easing, in the past any announcement regarding QE has caused excessive market volatility.

For those looking to buy another currency using Sterling, it may be worth contacting an experienced currency broker, in order to best manage your currency requirements and reduce your risk when sending money overseas.

Best Currency Exchange Rates

Alex Ellis — Tue, 02 Feb 2010 09:27:04 +0000

Yesterday saw Sterling crash across the market as all major currencies began to gain strength as the pound weakened across the board. For those who took advantage of the currency rates when the pound was strong then you may look back on your currency purchase with the realisation that you bought at the best possible time. For those who attempted to capitalise on the gains and left it too late it may be worth considering buying your currency now rather than risking the pound losing more strength.

During the course of this week there are a number of data releases that may have an impact on the currency market; potentially the most important will be the Bank of England’s interest rate decision on Thursday.

In order to secure the best currency exchange rates it may be worth contacting an experienced currency broker in order to ensure that you maximise your savings and minimise your risk.