GBP Forecast against most major currencies EUR USD JPY AUD NZD

Wednesday, 10 June 2009

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

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The Process - How does it work

The Process
Having assisted many clients over the years that have requirements to send funds abroad I completely understand that each individual case needs to be dealt with in a different way.

Some clients may know exactly how the markets work and purely would like to achieve the best exchange rates, and some may have little or no understanding about how the markets work and need some help along the way.

Whichever category you fall into I am more than happy to assist you every step of the way, fully explaining the process and keeping you up to date with market movements alongside any upcoming data that may have an effect on the cost of your currency.

If I could predict exactly where the markets will go in the future I would quite clearly be a very rich man so I cannot guarantee you solid advice, however I can give you my opinion based on market knowledge and trading the markets myself for years.

Trading with myself at Foreign Currency Direct is simple and easy - All you need to do to set up a trading facility is click on the link to Foreign Currency Direct below and fill in the online registration form which takes approximately 2-3 minutes. Opening a trading facility incurs no costs and carries no obligation to trade through us, it simply puts you in a position to book out a rate should you wish to.

Once the registration is completed I will personally get in touch with you to discuss your requirements, which in turn will assist me to work out the best way for you to go about securing your currency which may include forward contracts or stop/limit orders.

I also deal with many commercial clients and can achieve highly competetive commercial rates - Foreign Currency Direct have been awarded 'best exchange rates' for the past three years running by the Sunday Times - A great credit to the company and it also goes to show that we can save your company a great deal of money at a time where everyone is trying to tighten their budgets.

Once the facility is open and I have achieved you a rate that you are happy with it is again a very simple process from there forward which I will outline below:

1) We go through a brief verbal agreement over the phone in order to book out your rate.

2) Within 5 minutes I forward across a contract note to you which can be emailed, posted or faxed which will contain all the details of the the transaction, our bank account details for you to transfer to and a section for you to fill in with the details of where you would like the funds to be sent.

3) Once a rate is booked we generally ask for settlement within 2 working days, and once funds are received and everything in place we send your funds out as a 'swift' international transfer - they should arrive in your designated account within 1-3 working days.

Please feel free to email me at djw@currencies.co.uk or contact me personally - Daniel Wright on freephone 0800 328 5884 and I will be more than happy to assist.

Sending Money Overseas - A full guide

Blog by Daniel Wright - Associate Director at Foregn Currency Direct

Wednesday, 10 June 2009