It’s been an interesting couple of days for Sterling exchange rates as the currency has been undecided on its general direction of movement.
At the time of writing the Pound is actually down on the day against all major currency pairs such as the US Dollar, Euro and the Australian Dollar. Although throughout today’s trading session Sterling has spiked upward at times, offering clients the chance to book their trades whilst the exchange rate was quite considerably higher than it’s lowest point throughout the day.
The reason for the buoyancy towards the Pound this morning and at times throughout the day, is most likely down to the better than expected inflation figures yesterday which demonstrated a 1% gain in inflation over the past year, which is currently a healthy level although that could change if it gets out of hand due to the rapidly weakening Pound.
It’s on days like today whereby our clients benefit from the service we provide, as the monetary difference between converting currency at the bottom of the day’s exchange rate range, compared with the top of the day’s range can be huge when converting large amounts of currency.
We’re already in a position to improve substantially on the exchange rates offered by high street banks, but with our proactive service we’re able to often maximize our clients exchanges to their benefit.
There are a number of analysts from major institutions offering forecasts for the GBP/EUR pair of parity, which means they’re expecting the Pound to fall another 9% or so between now and in many cases, the end of next year. HSBC are perhaps the most prominent entity to make such a claim, so feel free to get in touch if you wish to discuss your options regarding this potential fall as there are methods of protecting yourself against such a fall.
Tomorrow is expected to be a busy day for exchange rates due to the raft of economic data releases, with the European Central Bank’s Interest Rate Decision likely to be the most prominent. Should there be a change to the 0% figure expected tomorrow by analysts, I would expect to see some substantial movement within exchange rates involving the Euro as well as many other pairs who’s performance is interconnected with the ECB’s monetary policy.
The ECB’s release is at 12.45pm which gives you plenty of time to get in touch beforehand should you wish. You can call me (Joseph) directly on 01494 787 478 if you wish to regarding the news release and our service.
If you are planning to make a currency exchange involving the Pound, it’s worth your time getting in contact with me on [email protected] in order to ensure you make a well informed decision on when to make that particular transfer, as well as benefiting from highly competitive exchange rates from one of the UK’s leading foreign currency brokerages. Just provide me with a basic outline of your currency requirement and I will be back in touch with you as soon as possible.
Trump Feel Good Financial Narrative Crumbling - Greg Hunter, Craig Hemke Video
Trump Gives Mexico Extraordinary Refugee Surprise
X22Report Central Bankers Tricks Are Now Being Used Against Them to Bring the Economy Down - Episode 1263a
The End of YouTube: The Apocalypse With "We Are Change" _Tim Pool
Three Events Collide On April 26th—Two Drills and An Emergency Trump Meeting—What’s Up?
Ryan, McConnell to Trump: "You f***ed Up, You Trusted Us"
103,000 Entitled Muslims in Michigan Just Woke up to Nasty Surprise From Pissed Off Citizens
FBI Reopens Hillary Clinton Investigation
This Could Save Your Job, House and Children - Emergency Call to Action
Next One Out? Sean Hannity Under Attack as Fox News Continues its War Against Conservatives
Why Earth’s Winds are Changing with Tornadoes, Waterspouts & Plasma Lightning Intensifying
Elite Rituals You Need To Know, Child Drag Queen Hour & Giraffe Baby Live
BART Takeover Robbery: 40 to 60 Teens Swarm Train, Rob Weekend Riders
Iran's Nuclear Weapons Program: On Course, Underground, Uninspected
An Angry Canada Responds To Trump’s Lumber Tariff… And What It Means For The Economy
“Mother Earth will swallow you, lay your body down”
North Korea stages massive artillery drill. US nuclear sub docks in South
As Their 70th Anniversary Of Being Regathered Approaches, Is The LORD Preparing To Visit Israel?
UFO - Corpuscular Ship..24.April.2017 (Video)
Chilling Ghost Apparition Caught on Tape
Curcumin outperforms anti-inflammatory drug for rheumatoid arthritis relief
The 3 Best Major OOC Sports Moments of last 5 years for Florida State, Boston College, and Notre Dame
It’s Trump That Has the Real “PizzaGate” Problem
Tuesday Night Acoustic Guitar Excellence: Trevor Gordon Hall, "Midnight and Raining"
French Mayor Fined for ‘Too Many Muslim Children’ Comment
What Angels Need
Group of Gorillas Approach Man in Ugandan Forest
Trump Comparisons to Ronald Reagan Aren’t Always a Good Thing