Pound Sterling gains again against Euro Dollar Australian Dollar and many major currencies

Sterling has continued its long awaitied recovery against a basket of major currencies today, with a flurry of data released being better than expected.

The Consumer Price Index and Retail Price Index came out a lot better than expected which offers another possible set of 'green shoots' for the U.K economy.

Investors can only gain more confidence in the Pound following this data, hence the fact we have seen early morning gains against the U.S Dollar, Australian Dollar, the Euro and most major currencies.

Many of my clients will be pleased to see this, especially those with ongoing building projects abroad or pension/regular payments to make overseas as the past few months must have been nothing short of a nightmare when edging close to parity against the Euro and hitting the mid 1.30s against the USD whilst slipping below the 2 mark against the AUD for the first time in years.

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me




Have a great day and thanks for reading!

Daniel Wright

Confidence in the Pound grows - gains against the Euro and most major currencies

Daniel Wright - Trading Floor Manager at Foreign Currency Direct

Now may be the time to consider looking for that dream home abroad again as a report released overnight by the NIESR (National Institute Of Economic Research) suggesting that the U.K may well be close to seeing the end of the recession already!!

Sterling is already heading towards the 1.20 mark at a rapid pace against the Euro which is great news, for either those of you already living overseas that may have building work or general upkeep to do on their properties or even those that have moved abroad and have pensions forwarded over that have recently seen the amount received in Euros on a monthly basis tumble.

Should you have any questions or queries regarding this post please do not hesitate to contact me on either on 0800 328 5884 or by emailing me at djw@currencies.co.uk

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me




Have a great day and thanks for reading!

Daniel Wright

GBP Forecast against most major currencies EUR USD JPY AUD NZD

Sterling has continued its great start to the week by making further gains against the Euro and Dollar over the course of yesterday and in fact is still moving in the right direction this morning.

Should the Pound manage to avoid any further political problems then this may be the start of our long awaited recovery but then and again the pattern of 2009 tends to be Sterling gaining ground and then something being released to suddenly knock it straight back down again.

Manufacturing and industrial production data is due out this morning at 09:30 so should this differ from the expected results then expect further volatility for the Pound.

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me




Have a great day and thanks for reading!

Daniel Wright

Sterling continues recovery - Currency update for overseas payments

Sterling has continued it's determined fight back at the start of June with green screens against most major currencies during morning trading today.

Consumer confidence came out overnight and was better than expected which again is another positive sign that the economy in the U.K may be slowly but surely pulling itself out of the mess that we found ourselves in.

Obviously a full recovery is an extremely long way away but signs are there that things are starting to improve over here - great news for those with properties abroad that are planning on keeping them alongside expats with pensions being sent over to their new homes overseas.

Alongside this, this is fantastic news for those of you that have been planning on buying that dream home abroad yet had your dreams taken away from you at the back end of last year, with Sterling closing in on parity against the Euro and early this year hitting the mid 1.30s against the Dollar.

The contined climb is once again making that purchase a possibility as you will now have a lot more to play with once you have completed your currency exchange.

Should you be unsure as to how to go about this or indeed how to maximise your money then by all means do get in touch with me on the numbers below and I will run you through the many options available to you, I deal directly with many agents overseas and this is my specialist subject so I will be more than happy to make what can be a daunting process simple yet efficient.

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me




Have a great day and thanks for reading!

Daniel Wright

Sterling recovery? The Pound gains ground against a basket of major currencies!!

Great news for anyone looking to purchase currency with their Sterling at the moment - The Pound has made a fantastic start to the week gaining ground against a basket of major currencies including 1.36% against the Euro and 1.59% against the Dollar at the time of writing this email.

I personally have believed the Pound has been undervalued for some time now and it is merely a case of when it will pick up and not if as more and more data gets released by other economies proving that they really aren't in a great position themselves.

The recent news on General Motors means that there could be a huge amount of jobs lost over in the States which one would imagine may lead to Dollar weakness.....

There are interest rate decisions due to be made for the Australian Dollar, Canadian Dollar, Euro and Pound over the course of the week alongside numerous announcements which may well effect the markets.

Do feel free to get in touch should you wish to discuss anything from this blog and i will be happy to assist.

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me




Have a great day and thanks for reading!

Daniel Wright