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    • I have 19,000 pounds GBP in a bank in the UK, when will be a good time to transfer it to USD again?

    Posted by admin on April 23rd, 2009 and filed under uk forex | 3 Comments »

    Earlier this year it would have transferred to about $38,000. Now it only comes to about $28,000. I've been waiting and watching the rates drop since October. I can't see how it could get any worse of an exchange, but could it? Should I transfer out now? Or when does anyone think it will go back close to what it was before? I hate the idea of losing $10,000 for almost no reason, but even $1000 loss is much more acceptable.

    I really can't find any info on the web about this. I'm not looking for FOREX forecast's here, but any helpful information and insight.

    no one knows what will happen…its all speculation…if you don’t need the money I’d be leaving it in the UK in the highest interest earning account possible (which is probably more than what you would get in the US)…there’s probably not much chance that you would find an investment in the US that would more than offset your fx losses…if you do need it, there’s not much you can do…

    uk hsbc bank?

    Posted by admin on April 16th, 2009 and filed under uk forex | 1 Comment »

    i would like to get informations about this numbers and the name of the guy bec the did asked me for my bank informations so pleas help me out on this
    the name of the guy/ PAUL WOOL
    MANAGER FOREX DEPARTMENT HSBC BANK
    THE PHONE NUMBERS THEY GAVE ME
    +44 703196 7656
    +44 703 196 7983
    +44 703 196 8502
    +44 703 196 8707
    +44 703 196 7526
    FAX NUMBER
    +44 870 479 4951
    I REALLY WANT TO GET INFORMATIONS ABOUT THIS

    Those are all mobile phone numbers. There is no way anyone from HSBC would give you a mobile number to call them back.
    What ever they want it sounds like a scam, I hope you haven't given them your bank details.

    Best platform for spread betting and CFD?

    Posted by admin on April 9th, 2009 and filed under uk forex | 4 Comments »

    What is the best platform for spread betting and CFDs? I'd like to trade UK, European and US equities, indices and single names, as well as forex and possibly other assets. Thanks a lot

    Hargreaves Lansdown at www.H-L.co.uk can do this all for you.

    Disclaimer:
    The answers above are for guidance only and should not be acted upon without you receiving independent financial advice relevant to your circumstances. To find and IFA please call 0800 085 3250 or go to http://www.unbiased.co.uk.

    In Forex, if the UK has a account deficit, should the GBP/USD rise or fall?

    Posted by admin on April 2nd, 2009 and filed under uk forex | 2 Comments »


    It would fall. If the UK had defecit it would be less attractive to investors worried about the economy. Those investors would then moved GBP to other currencies like EUR or USD. This then devalues the pound and exchange rates would then fall.

    its not always so simple however! Things like this are always forecast in advance, and so priced into exchange rates some weeks in advance. So, it figures were released showing a defecit that was less than expected, you could actually see GBPUSD rise!