At 9:30am today UK retail sales are due for release with expectations for a major drop in figures as the UK high street feels the pinch as recession looms. With the retail sales a major part of the UK economy any negative figures here can have a bad effect on Sterling exchange rates and so the current high levels we are experiencing against the Euro and the decent levels against the US dollar could be short lived. So, for any client that is looking to make a money transfer this morning’s data set could be crucial meaning it is worth speaking to one of our experienced currency brokers today on 0800 328 5884 or via email on firstname.lastname@example.org
In Europe Greece is still the word as we have now heard that discussions will continue to today and over the weekend and a possible agreement will be announced on Monday (I am still sure we have heard this before!) which means that we could soon see a boost to Euro confidence and therefore strengthening euro exchange rates. So, if you need to buy euros speak to us before the weekend so we can discuss all the options available to you including a limit order where our systems watch the markets for you and can help clients make the most of any spikes we see. If you would like more information on this and our other contract options please do not hesitate to contact us as we will be happy to help.