GBP Exchange Rate Forecast – Thursday’s GDP Estimate and Interest Rate decision could spell the short term future for sterling
by Alex on Feb.09, 2011, under Regular payments overseas
The key data for sterling this week will be Thursday’s NIESR GDP estimate and Interest Rate decision from the Bank of England. The GDP estimate is due at 05:00 in the morning and therefore will impact very early morning trading, however this is seen as a good indication of what the actual GDP figure will be when released later in the month. Last month GDP showed a massive contraction and although some of this was attributed to the cold snap in December, analysts have since stated that even with the cold weather figures would have shown a large decrease. When this happened rates dropped against sterling around 4% and therefore I would highlight this release as having the potential to cause large movements on the market.
Also due out on Thursday is the Bank of England’s interest rate decision at 12:00; when interest rates in the UK have been speculated to increase we have seen sterling exchange rates follow suit. So if there is any news regarding raising interest rates then I would expect the pound to benefit as a result. High interest rates are seen as attractive to investors as they will get a greater return for investing in that country. If investors move money into an economy then the currency in question will benefit as a result and this is what would happen should interest rates rise, I would predict GBP/EUR levels to hit the mid 1.20s, levels which have not been seen prior to the recession.
In Euro news the ECB monthly report is due at 09:00 on Thursday and during this the outlook for the Euro zone is discussed as well as a detailed analysis of the general productivity in the Euro areas. If these are shown as positive then Euro exchange rates should improve as a result however if the reverse is true then we should see the opposite.
If the pound is strong then your pension or overseas mortgage payment will become less costly so you will clearly want all of the GBP economic release to show positive outcomes. Our RPP allows clients to transfer small amounts overseas free of charge whilst guaranteeing a commercial exchange rate each time, if you wish to find out further information please contact me directly on 0044 1494 725 353 or freephone 0800 328 5884 and ask to speak to ALEX ELLIS.
Buy property in Portugal for less with fractional ownership – Contact us by filling in the form on the right hand side for more info
by Property Specialist on Feb.08, 2011, under Buy Property In Portugal
58 Comments :buy, fractional, ownership, property in portugal more...
Overseas Property Searcher Update
by Alex on Jan.25, 2011, under Foreign Exchange - Rate Forecast, Reduced Spanish Property, Regular payments overseas
Keep checking overseas property searcher as we are constantly uploading new properties to our ever growing database, it is our responsibility to find you a property which suits your needs so over the course of the next few months we will be uploading many more of our trusted Agents’ properties to the site to give you more choice.
Even if you have looked through our listed properties and not found what you are looking for then get in touch with us as we will attempt to source the property for you, currently we work with hundreds of overseas Agents and make sure these are trusted first. We also can put you in touch with mortgage providers and currency brokers which are often amoung the most overlooked factors when conducting an exchange.
Thank you for visiting our site!
by Alex on Jan.18, 2011, under Reduced Spanish Property
This website aims to assist clients in their search for their ideal property overseas by searching our agents’ databases and finding the most suitable homes based on the given criteria. So if you are looking for something in particular then help us to help you by providing as much detail as possible, this will then help us to find you exactly what you are looking for.
Currently exchange rates are at their highest for four months against the Euro making now as good a time as any to start considering your purchase in Europe; we are also able to put you in touch with currency brokers, Notaries and overseas property agents. All of these are necessities in the process of buying a property overseas.
Happy New Year!
by Alex on Dec.31, 2010, under Reduced Spanish Property
Wishing everyone a Happy New Year tonight!
Searching for an overseas property
by Alex on Dec.17, 2010, under Reduced Spanish Property
Searching for an overseas property can be a very daunting task indeed, and if you have not yet found a property or selected an area of interest then we can help you do this.
Obviously the majority of you will have a country of preference, we can then assist you in finding a suitible area to look depending on your needs. Some of you may prefer a more rural area with a vast Non-English speaking residents, some of you may prefer to be closer to English dominated areas if you are uncomfortable with the language barrier.
This advisory service is totally free and we have a large network of trusted overseas estate agents, notaires and overseas mortgage brokers all of which are able to assist with your individual needs and tailor their service to suit you.
If you are selling a property abroad you are also able to list your property free of charge to the many users we have visiting the site daily.
For further information about any aspect of this site feel free to use the contact us form or alternatively contact me directly on mae@currencies.co.uk.
