This Sterling report will examine the factors that could affect exchange rates this week in order to help you stay informed if you need to make a currency transfer. The table below shows the difference you would have received when buying a number of currencies at the high compared to the low for the past week.
|Currency Pair||% Change||Difference on £200,000|
Following on from a very flat week for Sterling exchange rates we have the final revision of GDP (Gross Domestic Product) figures for the third quarter of 2017.
This data is merely a revision of previous data, so unless there are major changes to the figure of 0.4% for the quarter we may not see any huge movements.
As the day progresses you may see slight swings in the value of the Pound as we see traders and speculators round off their positions in advance of Christmas, but personally I expect to day to be a fairly non eventful day in the markets.
Brexit talks appear to have been put to sleep for 2017 now, however I would expect Brexit to continue to be a headline maker and imperative for Sterling exchange rates throughout the whole of 2018.
Next week is also fairly quiet in terms of economic data too, so unless we have any surprises that crop up, (which are fairly rare at this time of year) then I would expect the Pound to remain fairly range bound.
At this stage I would like to thank all of our clients for their continued custom throughout 2017 and also to wish anyone reading this report a Merry Christmas and a Happy New Year.
The trading floor will be open today until 13:00pm and we will then be back in on Wednesday 27th – Friday 29th from 08:30am. It is likely that we will be closing early on these days so if you are looking to trade it is sensible to get in touch with your broker here early to avoid disappointment.
If you have a currency exchange to carry out in the coming days, weeks or months and you would like to speak to a member of our experienced dealing team then feel free to contact our trading floor on 01494 725353 and we will be more than happy to help you.
Absolutely brilliant service, in particular special thanks to Mr Daniel Wright, who literally took care of us throughout the whole process (we are both pensioners)… we entrusted our life savings to him, and don’t regret it one little bit, Daniel was incredible.
Daniel Wright was easy to deal with over the phone and very professional. It made the International transfer very quick and easy. I would definitely use them again and recommend to friends.
Daniel Wright at Foreign Currency Direct came highly recommended to us by a friend and he and the Company have lived up to this recommendation with every transaction they have completed for us.
It’s a tad daunting and scary to change currency with a hitherto unknown company, and I was worried about it beforehand. My fears were unfounded: I can assure you that this firm is genuine and does exactly what they say they will do. Daniel Wright is a pleasure to deal.
The company gave me great confidence. A complete novice, as I am, in moving large amounts of monies around, my wonderful account manager Daniel was calm and precise in explaining the process to me. He was flexible, informative, professional, friendly. If I can recommend him to anyone then I surely will.