Sterling hits €1.21 but falls back away....

Monday 2nd December 2013 
Good afternoon. Well in my post late on Friday I highlighted the spike in Pound/Euro rates. This actually continued over the weekend, and when I arrived on the trading floor at 08:00am this morning mid-market levels were at an astonishing €1.2100, which is a remarkable run for this currency pair. The question is, will it last...?

Pound/Euro sustained above €1.20, for now...

As you can see from the chart showing todays movements, the market opened at €1.21. The levels were not to be sustained for long however, and throughout the day we saw the Pounds gains becoming eroded, and exchange rates have slipped away throughout the day. 

 

The market is still above the €1.20 mark however. The fact it has broken through this level has surprised many in the market, myself included, who did not expect rates to break €1.20 this year. I did however state in a recent post  that while I didn’t expect it to break through €1.20, if it did it would likely continue rising significantly above it, and that’s what we have seen happen.

What will happen moving forwards depends on this week’s economic data releases. Now levels are above €1.20 I expect them to be supported at that level, unless we get any suprises with the week's economic data.

In today’s post I’ll simply give a brief outline of different strategies you can consider if you are converting foreign currency and need the best rates. In tomorrow’s post, I’ll list the week’s economic data releases that I think will affect exchange rates this week. 

Click here to have a free consultation for your requirement.  

Do you need to buy Euros at the best rates? 

Rates are very good indeed, and the best they’ve been since January; however seem to rise before dropping back away.

If I needed Euros I would place a Stop Loss order to fix a rate should it drop below a pre-agreed level. This means if rates continue to rise you can still take advantage of further gains, but not risk losing out on the 5% gain in rates we have seen in recent months. 


Click here to get a Pound/Euro quote

Perhaps you want to maximise a Euro to Pound transfer?

Rates have been steadily moving against you. It’s impossible to predict where things will go, so in the current climate a Stop Loss again is a very useful tool. 

This fixes your rate if it gets worse than a pre-agreed rate that you can decide, giving you some control over currency markets which are very volatile. 

I can also source Limit Orders, Forward Contracts, and Spot contracts at rates significantly better than banks and other financial institutions. 

Click here to get quote for selling Euros

Other Currencies 

Sterling is currently at the best level in many years against lots of major currencies, including the US Dollar, Euro, and also the antipodean currencies such as the Australian Dollar and New Zealand Dollar. 

If you are looking for the best exchange rates for any major currency, or have a foreign currency you want to convert back to Sterling, then I can help you. 

In addition to the rates I can source that are up to 5% better than the banks, I have extensive knowledge of the currency markets, and various contract types that can protect you against rates moving the wrong way, and help you to budget. Very useful if you are buying or selling property abroad, or buy and sell goods in the Eurozone for example. 

Click here to send me a free no obligation enquiry today. 

I look forward to hearing from you.

Alastair Archbold

Pound/Euro rates €1.19, close to best all year

Tuesday 5th November 2013
Good afternoon. We have seen Sterling continue to strengthen this week, and exchange rates are now very close to the best they have been all year. The main reason for the increase is the strongest services sector growth since 1997. 

In today’s report I’ll look at the reasons for the gains in detail, have a look at some other important data releases due this week, and also my view on the forecast for Sterling exchange rates for the remainder of 2013. So in today’s report:

• UK Services sector growth pushes Pound higher
• Eurozone continues to slow, weakening the Euro
• EU Commission however predicts Euro could gain strength
• Forecast for Pound/Euro rates for 2013
• This week’s economic data release that could affect rates

UK Services sector growth pushes Pound higher

This morning we saw figures that show activity in the UK services sector last month increased at its fastest rate in 16 years. The news has caused the Pound to surge in value against other currencies, breaking through the €1.19 level against the Euro, close to the highest it has been all year.

The numbers showed that the PMI services index rose to 62.5 in October from 60.3 in September, beating forecasts of 59.8.  The reading signals that the UK economy is firmly on track to recovery, and could lead to the Bank of England revising up its quarterly growth forecasts.

Alongside strong activity in manufacturing and construction, the results indicated quarterly economic growth of 1.3%, up from 0.8% between July and September this year.

The gains today follow a rise in rates we saw towards the end of last week after we saw poor economic numbers from the Eurozone. Last week the GBP/EUR mid-market rate was in the mid 1.16’s, so we’ve seen the exchange rate rise over 2% in just a few days. 

Want the best Pound/Euro rates? Click here.

Eurozone continues to slow, weakening the Euro

Another reason for the gains in the last few days is the Euro weakening. The single currency fell to a one-month low against sterling today, amid speculation the European Central Bank may signal easier monetary policy or even cut rates this Thursday.

After data last week showed a sharp drop in euro zone inflation, some in markets expect the ECB to cut borrowing costs on Thursday, or at least lay the ground for a move. I mentioned this in my last post, and further weak EU data could increase the chance of this happening. It is this speculation of a rate cut that is being priced in to exchange rates now, and caused GBP/EUR to go up.

EU Commission however predicts Euro could gain strength

Despite the facts of the last few days, according to the European Commission, the euro will appreciate at a record pace this year and continue to gain in value in 2014. If what they are predicting holds true, then it could mean the recent gains in GBP/EUR rates will be short lived, as a stronger Euro would be more expensive to buy and would therefore cause exchange rates to fall away.

The Commission cautioning that it sees the single currency making further gains should be noted however as it could reverse the current trend.

Forecast for Pound/Euro rates for 2013 

So what everyone wants to know is will the rate continue to go higher, or will it be short lived and come back down again? I should first point out that nobody can predict which way exchange rates will move. 

I have worked in the industry for over 10 years however, and while I can’t forecast rates into the future, I can explain what is moving the rate, and what I think may happen in the coming weeks and months. So below I will outline some possible scenarios for you to consider. The examples below are for Euros, but we do trade all major currencies so get in touch today to discuss your specific requirements. 

Click here to discuss your currency requirements in detail.

If you are buying Euros 

Rates are very close to an all year high. I personally would do one of 2 things: If I thought the rate was as good as it’s going to get, then I would fix the rate now with a Forward contract. This means you can lock in the current rate for up to 2 years, and only lodge 10% of what you want to convert now. 

You send the remaining 90% when you want your currency delivered. This strategy allows you to budget effectively, and protects against the rate moving against you.

If I thought the rate would go higher, then I would place a ‘Stop Loss’ order. This means if the rate falls below a pre-agreed level, your currency is secured. If the rate continues to rise however, then you can take advantage of any gains. This gives you a worst case scenario should the market drop.

Personally we might see rates rise another point or so at best, but any good news from Europe could quickly wipe out the gains. I would give serious consideration to fixing rates now while they’re so good. Remember; holding out for an inch could mean losing a yard.

Click here for for Pound/Euro quote

If you are selling Euros

You will have seen the rate move significantly against you and may be worried if this will continue. If I were selling Euros, I would also use a Stop Loss order. I would place this at a level a few points above where the market currently is. In this way you’re limiting your losses should the current trend continue.

If we see rates start to drop back again however, as the European Commission seem to think they will, then you can take advantage.


Get in touch to discuss your requirements in detail
 
The above are only a few examples to show the type of strategies you can employ by taking advantage of the type of contracts we offer. Everyone’s individual requirement will of course be very different, in terms of currencies, volumes and timescales.

Click here to send me a free no obligation enquiry today, and I can get in touch to discuss your currency needs in detail. In this way you can gather all the information necessary to decide what to do. When you decide to fix your rate, you will find that our rates are up to 5% better than banks can offer, so fill in the enquiry form now to find out more.

This week’s economic data release that could affect rates

As I pointed out in a recent post, economic data releases can have a huge impact on exchange rates, and that’s exactly what has been the case in the last few days as I’ve outlined above.

So what have we got this week?  

Wednesday - we have manufacturing numbers from the UK in addition to a GDP estimate. Both will be a crucial indicator of growth so expect it to affect the Pound. We also have a host of data from the EU, that if poor could weaken the Euro further.

Thursday – Interest rate decision from the UK and EU today. No change expected for the UK, but an outside chance of a rate cut from the ECB. Also watch for the press conference after the decision – if they don’t cut rates, they may hint they will soon, which would have the same effect. Elsewhere we have unemployment numbers from the USA.

Friday – we end the week with Trade Balance figures from the UK, France and Germany. Over in the USA we have the latest non-farm payroll numbers. These are usually very different than forecast, so expect a choppy day for GBP/USD rates. 

Make a free enquiry with my by clicking here. 

I look forward to hearing from you.

Alastair Archbold

Pound/Euro rates jump to 2 week high of €1.18

Friday 1st November 2013 
Good morning.  It’s only been 2 days since my last post, but things can move very quickly in the currency markets. For most of this week exchange rates have been very stable, however yesterday was saw some significant negative data from the Eurozone that has weakened the Euro and pushed Pound/Euro rates back up. This is what we will look at in today’s report.

Why have Pound/Euro rates jumped to a 2 week high?

This week we’ve moved from a 2 month low to a 2 week high, due to poor data from the Eurozone. So what has caused the surge in rates? The single currency's weakness was caused by a number of factors, and we have seen the single currency fall pushing Pound/Euro rates to their highest in 2 weeks.

Data on Thursday showed euro zone inflation fell to the lowest in 4 years, which increases the chance of an interest rate cut in the EU.  We also saw German retail sales fall by half a percent, against a forecast of gains of half a percent. EU unemployment was also worse than expected, and all of this combined weakened the Euro significantly.

“In light of those inflation numbers, we have changed our call and are now expecting the ECB to cut its main refinance rate at next week's meeting," said Geoffrey Yu, currency strategist at UBS.

ECB about to cut interest rates?

Next Thursday both the Bank of England (BoE) and European Central Bank (ECB) announce their decision on interest rates. I expect the BoE to leave things on hold, but in light of the poor inflation numbers from the EU, there’s now a good chance the ECB could cut the rate.

This is the reason the Pound/Euro rate has risen. An interest rate cut would mean less return for savers and investors in the EU, and so these investors have been selling Euros in anticipation of the cut. This means the cut has now started to be priced into exchange rates, and Pound/Euro has climbed by over 1% as a result.

What does this mean if you are converting Euros to Pounds?

Those that took note in my last post of my suggestion to take advantage of the 2 month EUR/GBP high will be pleased, as it was short lived. Moving forwards, if the ECB do indeed cut rates, we could see the market continue to get worse for you. Some forecasts suggest rates will climb to €1.20 by the end of the year.

Looking for the best Euro to Pound rates? Click here.

What does the latest news mean for those converting Pounds to Euros?
 
It’s good news as we have seen rates rise significantly. We’re now 2 cents below the best it’s been all year. A rate cut in the EU could push things higher, however for the most part this may now be priced in. Next week’s GDP estimate for the UK will also have an impact, as it will indicate whether the UK economy is still growing.

So good GDP and a rate cut could push things higher, but as we’ve seen this week trends can change very quickly. If I needed to buy Euros, I would place a ‘Stop Loss’ order, so if rates drop below a certain level my currency is purchased. In this way, you can still take advantage of further gains should the rate rise further, however have a worst case scenario should rates start to drop again. Stop Loss orders are very useful when markets are moving in a positive direction for you.

• Need to buy Euros at the best rate? 
• Want to find out more about Stop Loss orders?   

Send me a free enquiry now.

Pound/Dollar rates fall

In contrast to the euro zone, U.S. data was far more encouraging this week. A strong Chicago activity survey strengthened the US Dollar, and the good data means there still may be the case for the Federal Reserve scaling back its QE stimulus programme.

This has boosted the US Dollar, making it more expensive to purchase, and as a result Pound/Dollar rates have dipped back below $1.60 again.

Look for the best Pound/Dollar exchange rates? Click here.

Have a free consultation to help you get the best exchange rates
 
Regardless whether you are buying or selling a foreign currency, market movements such as we have seen this week can have a huge impact on the cost of your currency.

I can offer you a free consultation on your currency requirement, and explain the current trends and forecasts for which way rates will go. This, combined with the excellent rates of exchange I can offer can save you a significant sum on your conversion.

Therefore if you need to get the best exchange rates, why not take advantage of a free consultation with me. Click below to send me a free no obligation enquiry today, and I can get in touch to explain the options available to you. Our rates are up to 5% better than banks can offer, so find out today how much you could save.

Click here to send a free enquiry today.

Why has the Pound stopped rising against the Euro?

Wednesday 23^rd October 2013

Good afternoon. Sterling remains a little weak against other major currencies, and is in the low €1.17’s against the Euro. This is mainly due to the single currency gaining strength due to more optimism, and effects of the US government shutdown. So what have I got for you in today’s report?

• Bank of England minutes unsurprising
• UK Interest Rates could rise sooner than thought
• Euro gains strength pushing GBP/EUR rates lower
• Spain finally exits recession
• The types of FX contract I offer

Bank of England minutes unsurprising

This morning the latest MPC minutes from the Bank of England (BoE) were released. They showed that the MPC voted unanimously to keep interest rates on hold at 0.5%, and the Quantitative Easing (QE) programme unchanged. This was all as expected and so had no real effect on exchange rates.

What was interesting was the positivity we saw from the BoE. They showed that UK unemployment and economic output are improving at a faster pace than expected, and also that bu0siness and consumer confidence have continued to grow. However, policymakers were divided about how fast productivity would pick up, and by extension, how fast unemployment would fall as the economy recovers.

This is important as they have already indicated interest rates may start to rise once unemployment falls below 7%. It’s currently at 7.7%, so if things keep improving we may see interest rates start to rise as soon as 2014. This is a long way off, but when rates start to rise it should give the Pound some strength.

What’s keeping exchange rates below the €1.20 mark however is Euro strength, and also the fact that it’s not in the UK’s interest to have exchange rates much higher than they are, due to the fact it would make our exports more expensive, so should rates start to rise again, I would not be surprised to see the BoE try to devalue the Pound to keep things in check.

Euro gains strength pushing GBP/EUR rates lower

Another reason for the Pound/Euro rate not forecast to go that much higher is renewed optimism surrounding the EU economy. Things are looking up in the Eurozone, and as a result the Euro has gained strength and become more expensive to buy.

For example, Spain'seconomy has emerged from recession after growing for the first time in more than two years, according to estimates from the Bank of Spain. Spain's economy has been struggling ever since the credit crisis struck in 2008, and has been one of the worst hit by the fallout from the credit crisis. It burst the country's housing bubble, and has needed bailouts to survive after being left holding hundreds of billions of euros in bad debts. Its unemployment rate of more than 26% is one of the highest in Europe.

Also giving the Euro strength is events in the USA. Now that the US debtceiling has been raised, investors that were holding US Dollars due to its safe haven status, have been selling Dollars and moving in to Euros. This has weakened the Pound a little and strengthened the single currency, keeping GBP/EUR rates in check. 

Click here if you are looking for the best exchange rates. 

On the 3 month chart below, you can see how the rate has leveled off in recent weeks. 

 

 The types of FX contract I offer

I write this blog to keep people up to speed with what is happening to exchange rates. You can make a free enquiry with me here to find out more about the service I offer. 

In a nutshell, I can source exchange rates that are up to 5% better than banks can offer, so if you need to buy or sell foreign currency you could save thousands. Click here to make a free enquiry. Below outlines the type of contracts I offer:

Spot Contract

The most common and popular contract. Fix a rate on the phone, settle your currency to use within 2 working days, and we then forward your currency to the account it needs to go to. All at fantastic commercial exchange rates with 0% commission.  

 

Forward Contract

The Forward Contract can help you take advantage of current exchange rates. You can fix the price now for up to 2 years. Within 2 days of fixing your rate, you lodge 10% of the total value of your transaction. You can then pay the remainder, in part or in full, by the end of the contract. This guarantees your rate, protects you against rates dropping, and allows you to budget. Very useful if you are buying overseas and have some time between paying your deposit and settling the balance.

Limit Order

Aiming for a rate higher than the current level? This is for you. With a Limit Order you specify the exchange rate you are hoping to achieve, and your currency will automatically be purchased if the market exceeds this level and you'll get the rate you wanted. This type of contract is particularly useful when the markets are moving in a positive direction for you.

Stop Loss Order

This is the opposite of a Limit Order. You would instruct me to buy if the currency goes down to a pre-determined level. When combined with a Limit Order you can hold out for a better exchange rate and still protect yourself from a sudden fall in the market. This gives you a worst case scenario and a safety net should the market move against you.

Want to find out more?

Click here to send me a free enquiry now.

When you get in touch, ask for Alastair Archbold and quote ref AJA. I can then have a brief chat regarding your requirements, explain the different options you have, and give you a quote so you can see how good our exchange rates are.

I look forward to hearing from you.

Alastair Archbold

Will the Pound get higher against the Euro?

Tuesday 10th September 2013
Good afternoon. Since my post last week, the Pound continued to rise, however now seems to have hit the peak and we haven't seen further gains. In today's post I'll have a look at recent economic data, how it's affected exchange rates, and what to look out for in the next week that is likely to move the currency markets. In today's report:

• Pound fails to break through €1.19 level
• UK economy is turning the corner
• US jobs data disappoints, sending GBP/USD higher
• Upcoming data that might push rates higher or lower

Has Pound/Euro peaked or will it go higher? 

The last few months have been good for the Pound, with lots of good economic data giving Sterling strength, and help exchange rates recover close to where they were back in January. At the end of last week the GBP/EUR rate peaked at just over €1.19.

Since then things seem to have stabilised. We saw rates slip away to €1.18 yesterday, and today we have seen a mild recovery to €1.1850 against the Euro, and so the rise has ended. But does this mean it's the peak or will rates continue to climb to €1.20 and above?

Firstly let me say that nobody can predict the markets. If I could then I would be a billionaire and sat on my yacht rather than sat at my desk on the trading floor! What I can do however is explain what has moved the market, and the arguments for what could move the rate up or down in the coming weeks and months.

Want to discuss when to fix your rate?

Sterling is range-bound between 1.18 & 1.19

So, last week Sterling pulled back from a 4 month high against the euro on after some poor UK data releases. UK industrial output fell short of expectations and the trade deficit unexpectedly widened sharply. The figures mean that the recent consistently strong UK data has come to an end, and it has also led investors to bring forward expectations of when interest rates would rise.

Also last week the Bank of England made no new attempt to talk down borrowing costs and this means that rates could rise much sooner than the central bank has flagged, possibly as early as late 2014. By contrast, the European Central Bank said it was ready to lower interest rates. This has helped the Pound remain strong and the Euro weak. 

The UK economy is "turning a corner", Chancellor George Osborne has said in a speech in London. Mr Osborne cited "tentative signs of a balanced, broad based and sustainable recovery", but stressed it was still the "early stages" and "plenty of risks" remained.

Also helping the pound are recent surveys on UK manufacturing and services which indicate economic growth may accelerate in the second half of the year. So on paper the UK economy is looking good, so why isn't the Pound rising any more?

The currency markets move on rumour, and as the economy is expected to continue to recover, this is already priced in to the market, so even if we keep getting good data it's not going to much of a surprise, and the market now seems to have peaked and is unable to break through the €1.19 level.

If you are buying or selling Euros, find out about our rates by clicking here.

So if you are buying Euros, do you fix a rate now or wait?

Ultimately only you can make this decision. Given however that rates are close to the best they've been since the end of January, I think that holding out for a higher rate could easily mean you lose out on the current levels should we see the Pound weaken again. By hanging on, you could be holding out for an inch and risk losing a yard So if I needed Euros in the next 6 months I would do one of two things.

One option is to fix the rate now. It's a very good rate, and means you are taking advantage of the recent rise in the value of the Pound. Even if you don't need your Euros now, you can fix the rate for up to 2 years with a Forward contract, and only lodge 10% of your Sterling now, the remainder when you want the Euros transferred. 

The second option is a Stop Loss order. If you are hoping the rate will go higher, this allows you to do this but not risk losing out should the market move against you. This works by placing a lower level, 1.17 for example, and should the market drop below this we automatically buy your currency and fix your rate. 

In this way you can continue taking advantage of any gains, but have a 'worst case scenario' or safety net so you know the worst rate you will get should Sterling start to drop. 

Click here to send me a free enquiry if you need the best exchange rates. 

Pound/Dollar rates rise

In addition to the good UK data mentioned above, 2 other things have helped the Pound/Dollar rate rise. Firstly we had some poor US jobs data that has weakened the USD making it cheaper to buy.  

The mediocre jobs report may add fuel to the argument that the US economic recovery is not yet robust enough to sustain itself without the additional help of the Fed - more QE would mean the Dollar could weaken further. 

Also it now looks like military action in Syria may not happen, and if it does it's some way off. This has added some stability to the markets, oil and commodities have fallen, and investors have moved away from the safety of the Dollar and into riskier assets, all of which mean a higher GBP/USD rate. 

Economic data for the next week

If I was buying or selling currency in the next week, there are a few data releases I would be keeping an eye on:

Wednesday - We see UK jobs and unemployment data, which could affect the Pound depending on whether it's better or worse than expected. 

Thursday - UK inflation is released today, and because it can impact interest rates, it often affects exchange rates. Also today we have a speech by the ECB president Mario Draghi, and his comments often affect GBP/EUR rates. US unemployment data is also released today. 

Friday - US Retail sales and Inflationary measures may affect GBP/USD rates. 

If you need to buy or sell currency, would like to find out about our rates, or would be interested in discussing the market to help you decide when to fix your rate, click here to send me a free no obligation enquiry. 

Will the Bank of England weaken the Pound?

Tuesday 5th March 2013 
Good afternoon. After the volatility seen in exchange rates in recent weeks, this week so far has been relatively calm. The Pound/Euro rate has hovered around the 1.16 mark, with Pound/Dollar rates rising from 1.50 to 1.5120. In this afternoons post I will take a look at what data releases we have had so far this week, and also explain some key information that will come from the Bank of England that could cause exchange rate volatility to continue. 

Pound gains a little on UK Retail Sales data 

This morning figures were released that showed that UK retail sales grew at fastest rate for years in February. UK retail sales grew at their fastest rate in more than three years in February, as the drier weather coaxed shoppers back out onto the High Street. The news gave the Pound a little boost, however the gains were limited given the markets are awaiting some key releases from the Bank of England, which I will expand on a little later in today’s post. 

However the BRC figures contrasted with a recent CBI survey which reported that food stores suffered their worst performance for five years in February, which is why any gains for the Pound were fairly muted. 

Want the best exchange rates? Send me a free enquiry now.

Construction falls in February 

Output in the UK construction sector fell again in February, a survey indicates, as the sector suffered its worst month since October 2009. The Markit/CIPS construction purchasing managers' index fell to 46.8, compared with 48.7 in the previous two months. 

A score under 50 indicates contraction. The last time the index was in positive territory was in October last year. CIPS chief executive David Noble said there was "barely a crumb of comfort" in the figures. The figures re-enforce the fact that the UK economy is struggling at the moment, and this is also reflected in the value of the Pound. 

Key Bank of England releases this week could affect the Pound. 

In recent months, much of Sterling’s weakness can be attributed to the Bank of England. As I’ve already covered on my blog in recent weeks, the BoE have taken every opportunity to weaken the Pound in press conference and comments to the media. They have themselves stated that they wish Sterling to depreciate further. 

Tomorrow morning (Wednesday) at 09:45am we have the BoE governor Mervyn King giving a speech. In the press conference he will give his views as to how the BoE observes the current UK economy and the value of the GBP. His comments may determine a short-term positive or negative trend. I think it’s very likely he will again use this opportunity to warn of downside risks to the UK economy, and so it would be no surprise to see Sterling weaken on his comments. 

Following his speech, at 12:00pm on Thursday the BoE’s rate setting Monetary Policy Committee (MPC) will announce its latest decision on interest rates and Quantitative Easing. While I expect rates to be left on hold, there is a real chance they could extend the QE programme. In the last meeting, 3 of the 9 members including the governor Mervyn King voted to increase the programme. So on Thursday it will only take 2 more members for a majority. 

If further QE is announced, then expect the Pound to fall further. QE effectively floods the market with Sterling effectively devaluing the currency. The last time QE was announced Sterling fell significantly within a few minutes. 

Want the best exchange rates? Send me a free enquiry now. 

What does this mean if you need to buy or sell currency? 

The currency markets have been incredibly volatile recently, and it wouldn’t take much for the exchange rate to change dramatically and without warning. If you are buying Euros, then there is much happening that suggests the Pound could weaken further. You could consider fixing the rate now with a Forward contract to protect against this. One article in the Sunday Times recently suggested rates could fall as low as parity, where you would only receive €1.00 for £1.00. 

For those selling foreign currency back to Sterling, the current weakness in the Pound is good news. While rates may fall further, risking all the gains you have already made for slightly more could cost you dearly. There is still much happening in Europe that could weaken the Euro again, such as GDP figures released for the whole EU area tomorrow. To protect against adverse movements, you can place a Stop Loss order which means if the market moves against you, your currency is converted at a pre-agreed level. In this way you can still take advantage of any gains without risking losing all the movements in your favour over the last 8 weeks. 

Worried about the Pound falling? Make an enquiry to see how you can protect yourself.

Find out more about the rates and service I provide 

I am a senior FX Trader for one of the UK’s leading foreign exchange brokerages, and in addition to the insight I provide on exchange rates, I provide commercial rates of exchange that are significantly better than banks or other financial institutions, sometimes by as much as 5%. 

If you have a requirement for foreign exchange, then I can discuss your requirements in detail. I knowing what you need to do, I can then suggest options you can consider. When you decide to fix a rate, the levels I can source often save my clients thousands of pounds. 

If you need the best exchange rates and wish to discuss the current market conditions, click here to send me a free no obligation enquiry now.