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By James Matthews

UK Public Sector Net Borrowing Figures are out at 9.30 a.m. and the since I have walked into the office this morning screens have turned from a mass of green to a smear of red.

To me this suggests that the market are pricing in the Public Sector Net Borrowing figures which are expected to be released at £12.2 Billion. This figure is worrying itself in comparison to the last month figure of £3.17 Billion but I wouldn’t be surprised to see these figures come out worse that expected and for GBP / USD rates to fall back to the low 1.54s.

This seems a stark contrast from last week where Dollar was at a 5 week high and now is threatening to break through into a recent low.

If you are looking at buying US Dollars, or selling Sterling keep in regular contact with your Currency Broker the movement on the GBP / USD rate shows how quickly rates can move from being attractive to recent lows.

By James Matthews

A fairly quiet Friday means that it is not likely to be a particularly mover for Sterling against the majority of currencies. However some early morning gains suggest that if Dollar figures come out strong I would expect the Pound to gain as the market becomes more open to risk.

With that in mind I would expect the Pound to retrace some gains against the majority of the 16 major currencies should figures from the US, the world’s biggest economy come out better than expected. US CPI data is due out at 13.30 and I would expect some market volatility after this time, specifically against the Dollar.

If US figures come out strong, expect the Pound to establish a firm position in the 1.57s against the Dollar and towards 1.61 against the Canadian.

GBP / USD – Up
GBP / CAD – Up

Stay in touch with your Currency Broker for regular market updates to ensure you are making the most out of your currency transfer.

By James Matthews

UK Retail Sales are due out at 9.30 a.m. today and are likely to set the tone for a day that could see high volatility, particulary against the US Dollar with a host of data out later this afternoon.

The figures due, released in only 45 minutes from the time of writing this article are likely to somewhat safeguard the Pound from positive American data or alternatively leave it particularly vulnerable. These figures will set the precedent for the day and if Retail figures come out more positive than expected then this will present an excellent opportunity to buy American Dollars among other currencies today, if you are looking at selling Great British Sterling.

More likely, in my opinion if the figures come out worse than expected then we will see an exposed Pound that is vulnerable to data due out later in the day. If you are looking at selling Pounds today it may be a case of ‘the earlier, the better’, particularly if you are buying American Dollars.

Email me at jfm@currencies.co.uk or get in touch by telephone on FREEPHONE 0800 328 5884.

By James Matthews

With Sterling showing strength across the board today, tomorrow could be a very volatile day for the GBP / USD pairing. With the Pound beginning to pull back against recent losses and a vast amount of data due out for the US tomorrow there is potential for further gains if American figures do not come out as expected.

I would suggest that as the biggest indicator of inflation the Producer Price Index figures (commonly known as PPI) are likely to have the greatest influence on the prospect of buying US Dollars. If PPI figures do not come out as expected tomorrow this should present an excellent opportunity to purchase Dollars.

If you are looking at buying Dollars then tomorrow may be an excellent day to look at arranging a Spot Contract or Forward Transfer, contact a Currency Broker at FREEPHONE 0800 328 5884 to talk you through your options.

By Michael Vaughan

The pound has had a strong day against the US and Canadian dollar gaining 1% and 0.7% respectively. Sterling has found supportas investors looked for gains on riskier currencies and in the current economic climate the pound is classified as a much riskier asset than the US and Canadian dollar.