Friday, 30 September 2016

Guest blog: What moves exchange rates?

Yesterday proved to be a relatively quiet day for GBP crosses due a quiet week for economic data so far, and little headline news related to Brexit. GBP/EUR closed where it opened at 1.1600, and GBP/USD did little more only fluctuating within a 40pip range between 1.2990 and 1.3030.

GBP/EUR exchange rate graph for 28/09/16

In today’s report I am going to explain the process behind data driven rate movements, and how having a dedicated broker will add considerable value to your individual requirement.

There are so many factors responsible for the movement of exchange rates that it is impossible to focus on them all. When trying to foresee potential movements, the main culprits are economic data, major political news, natural disasters, and international incidents such as terrorism, with the most predictable of these being data. Those of you following the currency markets I’m sure will have witnessed sudden jumps on rate graphs and possibly thought to yourself “what has caused this vertical line?” More often than not ‘eco-data’ is the culprit.

Although eco-data is predictable in timing, it is not predictable in results. In the run-up to an eco-data release a consensus is published, providing an indication of what the release is expected to demonstrate. This figure is then accounted for and priced in to the market, often causing rates to move in anticipation during the few sessions preceding the announcement.

So why the sudden movements?

On release of the data should the actual figure differ from the predicted in either direction, you will almost always witness a market correction. Which direction this will be is entirely reliant on whether the number is better or worse than forecast, and its severity directly related to the magnitude of the difference.

Our Job for you

Our job here at Foremost Currency Group is not to predict these numbers, but to inform you of their approach, their significance, and in turn their potential to affect your upcoming transaction. Once you have spoken with ourselves, you will be assigned a dedicated account manager who will be your one point of call to guide you through the entire process from start to finish, and beyond.

We will spend as long as it takes to gain a full understanding of your requirements, including your time frames and appetite for risk, to then work with you to put a bespoke plan in place aimed at maximising your return, whilst ensuring you don’t get hit by a surprise adverse movement.

Get in contact

With the currency markets being one of the most unpredictable entities known. It is always worth having as many sets of eyes and ears on your side as possible. If you have an upcoming international transfer then there is no time like the present to get in contact with Foremost Currency Group. We have a range of contracts available to you, designed to protect your interests, and mitigate the inherent risk of a forever moving market. A

Dedicated contact

Allez-Français have 2 dedicated dealers in Adam Bobroff & Tom Taylor to secure preferential rates for our clients. Give us a call on +44 (0) 1442 892060 and mention Peter Elias at Allez-Français to get the best rates

Adam Bobroff

The Foremost Currency Group

+44 (0) 1442 892060

Thursday, 22 September 2016

Selling a manor house or château?

Allez-Français have for some time been involved with marketing high-end property and indeed we have our own Prestige website where around 75 of the best properties are featured.

We are enjoying increasing success in this market sector, because we have very targeted marketing and we also spend more time preparing our properties before they are presented.

We are very keen to hear from you if you are thinking of selling a manor house or château in south west France.

Please email me

Wednesday, 21 September 2016

How to get the best exchange rates

Our partners Foremost Currency Group can help you achieve exchange rates up to 5% better than your bank may offer. In addition to better rates, you can also use our ‘Forward Contract’ to lock in the rate today, for a transaction up to 2 years into the future, simply by lodging 10% of what you need to convert. This protects you against the rate dropping away, and is very useful when buying overseas.

For example, once you have paid your deposit you may have a month or two until the balance is required for completion, during which time the exchange rate could change significantly. The Forward contract allows you to fix the rate for your completion, allowing you to budget effectively and know exactly what the property is costing.

To find out more, contact: Adam Bobroff, Director, The Foremost Currency Group and mention Allez-Français

Friday, 9 September 2016

Waterside properties

At present we have a selection of 8 stunning waterside properties for sale in south west France - take a look!

For full details of a particular property please visit our website or send me an email

Watermill with Equestran facilities (Haute-Vienne)

2 Stone houses with a lake (Dordogne)

Country residence with 2 cottages (Dordogne)

Town house with guest cottage (Vienne)

Mill with gardens and outbuildings (Deux-Sèvres)

6-bed retreat with its own lake

Mill & gite complex (Charente-Maritime)

Farmhouse with fishing lake and outbuildings