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By Leigh Smith

US new home sales figures were released yesterday, showing a 7.6% drop. This raised further doubts over the recovery of the US housing market and in turn GBP USD exchange rates have increased. This movement has continued into this morning’s trading, with the price of buying Dollars going down by 0.55%.

If you have a requirement to send money to America or just to buy Dollars, then feel free to submit an enquiry today and one of our award winning currency brokers will be in touch shortly to explain the most cost effective way.

By Leigh Smith

Yesterday UK unemployment figures fell for the first time in 18 months. The number of people unemployed actually fell by 7,000 jobs taking the total figure to 7.8% against a predicted rise to 8%. This caused the recent good run for Sterling exchange rates to continue against the majority of major currencies, apart from for GBPUSD exchange rates.

The cost of buying US Dollars actually increased yesterday by 0.5% on the back of decreased investor confidence in the Pound and a shift back to the ’safe haven’ Dollar. This movement has continued so far into Thursday’s trading.

By Leigh Smith

One of the most famous brands to have ever been created in the UK, by John Cadbury in 1824, was yesterday finally sold to US food giant Kraft. This leant strength to Sterling as it underlined the appeal of UK assets to overseas investors.

‘Spikes’ in currency exchange rates can be short lived. Keeping in close contact with your currency broker is essential to achieve the optimum rate of exchange for your currency requirement so submit an enquiry today and someone will get straight back to you with an explanation of the service that is not only available to corporate clients transferring massive sums of money, but everyone.

By Leigh Smith

This morning has brought more positive movements for Sterling, on top of yesterday’s gains for the Pound. GBPUSD exchange rates have risen by 0.4% along with the cost of buying Canadian Dollars decreasing by 0.35%.

Today could be key for anyone looking at GBPCAD exchange rates, as at 1.30pm the Bank of Canada release their January interest rate decision. As regular readers may be aware if interest rates increase we may witness strength for the Canadian Dollar and in turn the cost of buying CAD go up. If you currently need to buy or sell the Canadian currency then register an enquiry this morning and let one of our brokers help you obtain the very best rate of exchange.

By Leigh Smith

Do you have a requirement to send money to America? Or to buy American Dollars? If you do then the movements witnessed on the markets this morning has been a positive one, with GBPUSD exchange rates increasing 0.5% so far today.

This, I believe, was due to UK house price data released overnight showing the average price of a house in the UK had risen 0.4% against a predicted contraction of 2.2% expected. As the news came out much better than expected, we have seen Sterling exchange rates improve. If you need to buy US Dollars or Canadian Dollars then why not submit an enquiry here and one of our experienced currency brokers will be in touch shortly to explain the options available to you to obtain the best exchange rate.