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By Leigh Smith

Good news for anyone looking at selling foreign currency this morning as we have seen Sterling exchange rates fall against every majorly traded currency. This seems to be in preparation for UK GDP figures released tomorrow, with the focus on how accurate the predicted rise to 0.2% is. I think there is the possibility to see this figure come out slightly worse than expected, with the poor weather throughout December proving a stumbling block.

By Leigh Smith

This morning has seen strength for the US Dollar against both the Euro and UK Pound. This I believe is on the back of quite positive comments from President Obama yesterday, stating that the US was through the worst of the crisis.

For anyone that may have a requirement to buy US Dollars, it may be prudent to get in touch with one of our award winning brokers. Feel free to submit an enquiry today and we will be in touch to explain all of the options available to you to achieve the very best rate of exchange.

By Leigh Smith

The Pound has continued its good run of form from yesterday afternoon into this morning, strengthening by around 0.2% against both the US Dollar and Canadian Dollar. Massive amounts of snow affecting the US economy has been quoted as part of the reason for this Sterling exchange rate run we have seen over the past 24 hours.

By Leigh Smith

The cost of buying foreign currency, be it Canadian Dollars, US Dollars or any other majorly traded currency, has increased so far during this morning’s trading. GBPCAD exchange rates have fallen by over 0.5% during the opening hours of trading.

Focus may also be on data releases due out from the US, with the poor weather engulfing most of the US east coast, a number of data releases have been postponed; for example retail sales figures. This could turn the focus for GBPUSD exchange rates back onto Sterling which is already on a poor run of form.

By Leigh Smith

For anyone looking to buy US Dollars the key data release today is the US non-farm payrolls data that is due out this afternoon at 1.30pm. This shows the amount of people in work in the US excluding the agricultural sector, due to its seasonal variations, and can have a large impact on GBPUSD exchange rates. Quite often the predicted figures (15,000 increase today) are quite wide of the mark so if you have a requirement to buy USD then why not let a currency broker know about your requirement today and have the options available explained to you to eliminate risking the cost of such transfer increase.