Currency Quarterly – April / June 9

During the second quarter of this year, the book has shown a healthy growth in the euro, in constant increase in the value of the world 1.07 per pound in April to late June, when it peaked at around € 1.1850 per pound.

Check the market for a period of time allows us to set the market direction and trends. As you can see the forex market is very liquid and very sensitive. The lack of knowledge and understanding poor which affects the exchange rate is what makes this market especially cruel.

In fact, the exchange rate moves constantly and can carry a lot in a relatively short period of time.

What most people do not know why, but it is the forex market moves the way it operates and how these movements affect your individual needs and currency situation.

Consider for a moment the GBP / EUR exchange rate on April 1, 2009 (1.0783) and 30 June 2009 (1.1760). As a buyer properties, these rates represent a difference of £ 19,200 on a property € 250,000.

Unfortunately, this situation is very common for most property transactions of about three months. If you as an individual had the misfortune of buying your currency at the wrong time, it could cost an extra £ 20k to buy the same amount of euros.

It is important to remember that every time the market moves a reason. Monthly data reported to come together as an economic calendar and cover everything from making interest rates and inflation reports showed that retail sales and housing prices. As to the data published in this period, it is easy to see that this market is driven largely. positivity or negativity filter through the market, and exchange rates respond accordingly.

market sentiment, the general attitude of people in the UK, has certainly changed in the three months, believe it or not there encouraging signs of recovery yet.

Housing prices in the UK have increased twice in recent months at least show some improvement in the current market conditions. Recent figures for retail sales and production numbers have also shown some positivity that began to filter through exchange rate. figures for retail sales are always an important indicator because it allows us to measure consumer confidence and to measure how people feel comfortable with money to spend.

In the future, the book has yet to be overshadowed by political tensions.

Against the U.S. dollar, GBP / USD has shown a similar trend of increased commercial value of approximately 13% in the last three months. Great movement took place around May 22, 2009 and led to the first week of June 2009 when the exchange rate remained relatively broad bound since then. Much of this movement can be attributed to the publication of news that suggest the U.S. could be forced to accept a reduction of credit due to its huge budget deficit and the slowdown in the economy. As shown above and about this time we also see a surprise jump in the average price of the goods from the United Kingdom, 1.2% in May, the largest monthly increase more than a year and a half.

Michael Steenkamp

Manager

Currency Exchange Ltd.

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