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Currency News - The British Pound (Sterling) advanced on
Wednesday 23rd July following the minutes being revealed from the
Bank of England's monetary policy committee revealed a surprising
three-way split on how best to advance for the UK interest rates.

The minutes from the Bank of England's July meeting has shown that
Timothy Besley voted for a 25 basis point rise to 5.25% to combat
inflation, while David Blanchflower voted for a cut. Yet the rest of the
committee (7 further members) voted to keep the rate at 5%.

Although nothing has been implemented it shows the tone of the
meeting and suggests a likelihood of possible rises should inflation
stay showing a nominal increase. The market expected a slight drop,
but for the mass of the committee voting for a 'rate hold' suggests
that in future months the expectancy to stay or increase is probable.

This probability that the UK Pound and the UK Monetary Policy,
governed by the Bank of England, could show in the August meeting
to show an increase in Sterling rates.

Economists however are still speculating that the UK rates would,
however, remain on hold, given the fact that forthcoming UK
economic data – including Thursday’s retail sales figures – were likely
to support recent evidence that UK economic momentum was slowing.

Such evidence in confirmation would mean that there maybe too
much haste in chasing the 'pound' currency rates higher.

Nonetheless, the close of the New York exchange saw the pound at
£0.7853 against the euro. The pound also advanced against the
dollar, rising 0.3 per cent to $1.9977, even as the US currency
continued to benefit from comments by US officials on Tuesday.

On the New York Stock Exchange the dollar rallied following a
comment by Hank Paulson, the US Treasury Secretary. He
commented that a strong dollar was very important to US interests.
Although an obvious comment he followed by reassuring investors
that they were forging ahead to implement solutions for the US
mortgage crisis.

Currency - Pounds - Dollars - Euros - were all given a slight boost
following a drop in oil prices on Wednesday 23rd. The dollar rose
against the Yen, Euro and Swiss Franc

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From the Desk of Phil Booker

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If you have more than £10, 000 to change then we can save you between £500 to £15, 000. We buy the currency wholesale, as do the banks, but we don't charge the same profit margins. Allow us to quote and you'll be surprised.

Just fill in the 20 second request form below and we'll provide a free no obligation quote.

If you have any apprehensions, please visit our frequently asked questions page.

CASE STUDIES

Find out how we saved these people a substantial amount of money on their currency exchange. You'll be surprised at just how much can be saved.

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I'm not convinced that

Pounds-to-Euros.com

can save me Money?

Banks give you confidence, that there is no doubt, but we can offer you enough information on our procedure to qualify and quantify our service.

First and foremost we need to use a bank to transfer funds... We open a separate banking account for each transaction; and that is deemed as your account.

Secondly we don't accept an uncompetitive fixed rate from your bank or other financial institution. We negotiate directly on the currency trading floors. We deal with 10 main currencies, but can transfer funds into 150 other currencies. Some of these less common currencies are harder work than others; but we can discuss this should the need arise.

Using the currency trading floors as we do we can secure currency at a wholesale prices. We do not charge the same as a bank and this is where we can make the savings on your behalf.

We can truly offer you the best rates on the market because unlike other organisations, such as banks, with large offices, huge sales forces, enormous marketing costs and many different industry specialists (other than property), we have low overheads.

We can offer... Superior Currency Exchange Rates...

We can offer... No Fees or Commission...

We can offer... No Telegraphic Transfer Costs...

We can offer... Your Own Currency Dealer...
We can offer... Forward Buying (Pre-fixing an exchange rate for up to two year's advance)
We can offer... No receiving charges to any World Wide Bank...

(with the exception of 22 currencies in third world countries)

We can offer... incredible savings and reduce the risk of adverse currency fluctuations (see below)

Furthermore...

We can also offer... Arranging this transfer from the comfort of your own home...

We can also offer... Regular updates during the process of the transfer...

We can also offer... Receive confirmation that that the money has been exchanged and transferred

ADVERSE CURRENCY FLUCTUATIONS

Don't run the risk of fluctuations! We can by fixing a rate for your currency requirements today for a purchase in the future (up to 6 months).

Using an example... The Euro against the pound... 6 months ago was € 1.48/ £1.00; today it is € 1.32/ £1.00. On a £100, 000 transfer the difference in those 6 months is £12, 000

Case Study: Mr. and Mrs. Montague from Sheffield 17, were due to transfer £365, 000 to buy a villas in Spain. Their completion had been planned for the end of the month, but they had notified us of their intentions. We are always scanning the currencies and notified Mr. and Mrs. Montague that the euro rate had reached € 1.47/ £1.00 and was expecting to go down in the forthcoming weeks. They agreed to secure the money at this rate. Three weeks later the rate had gone down to € 1.45/ £1.00 - not a big percentage drop but the Montague's saved £4, 500 in securing the rate week's before.

OUR SERVICE

At Pounds-to-Euros.com we have established contacts around the world to make the transition of your money flow safely and securely. As specialists we focus exclusively on servicing your particular needs and desires and that is our only purpose. We don't carry our other banking facilities so our competence in this complex market is supreme.

Both my colleagues and I try to supply you with all the information you need to make good decisions about your money. We watch the currencies by the hour as they all strengthen and weaken during the trading day. Such knowledge is invaluable as advice to you when making decisions about the currency markets.

As in office focus is 80% to 20% - Private Property Purchases to Commercial Purchases, we only have two particular areas to concentrate on. We work hard to proactively understand new markets, up-coming hot spots, financial issues and the overall buying process for your benefit.

Each week, we transfer millions of pounds for hundreds of our clients. It's all done highly effectively and efficiently through tried and tested processes and procedures. We focus on providing the best currency exchange rate, getting the payment to the destination account as quickly as possible and giving an outstanding service.

We've been trading since 1991, are registered as a currency broker in the UK.

One final bit of advise... If you use our service or not... Plan your currency exchange at least a month in advance to get the best exchange rate. Don't leave it until the last minute.

HOW DO WE MAKE OUR MONEY?

We make our money the same way the bank does - we buy currency at wholesale on the currency trade floor (in bulk); and transfer to the receiving bank in your requested account. Unlike banks that add 3-5% margin, we can usually stay below 1%. In the end, you save money, we get paid for our great service and the banks exploit one less person!

Don't forget

this is what

we offer...

We can offer... Superior Currency Exchange Rates...

We can offer... No Fees or Commission...

We can offer... No Telegraphic Transfer Costs...

We can offer... Your Own Currency Dealer...
We can offer... Forward Buying (Pre-fixing an exchange rate for up to two year's advance)
We can offer... No receiving charges to any World Wide Bank...

(with the exception of 22 currencies in third world countries)

We can offer... incredible savings and reduce the risk of adverse currency fluctuations (see below)

Furthermore...

We can also offer... Arranging this transfer from the comfort of your own home...

We can also offer... Regular updates during the process of the transfer...

We can also offer... Receive confirmation that that the money has been exchanged and transferred

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