Pound to Euro exchange rate ends the week on a high – GBP/EUR over 1.17

GBPEUR Sees a Sharp Rebound with ECB Stimulus Plans

The Pound to Euro exchange rate had a great end to the week, rising above 1.17, as investors and speculators rushed to back the Pound in Friday afternoon’s trading session.

Why has the Pound risen against the Euro?

It is thought that the reason behind the spike in the market is that many now believe that due to the poor performance for both the Conservative and Labour Parties in local elections Theresa May and Jeremy Corbyn could well move a little faster to reach a compromise to get Brexit moving along with a little more pace than the current sluggish one we have been dealing with.

Pound vs Euro: Brexit has been holding back the GBP/EUR rate

The uncertainty surrounding Brexit has no doubt been holding back the Pound against all major currencies and should this uncertainty lift or even speculation start to rise over an agreement potentially getting closer in the cross party talks then Sterling exchange rates could have a further lift to come.

Is now the best time to buy Euros?

Current interbank Pound to Euro rates are up over 1.17 following a long period of being stuck in the 1.15s which makes a huge difference for those looking to buy an overseas holiday home in France, Spain, Portugal or any other region involving Euros. Even the movement in rates from the high to low point today would make a difference in cost of over £1800 so it once again shows how important it is to buy your currency at the right time.

The currency markets have been unusually quiet in terms of volatility for a few months now and this could be the start of seeing pairings such as GBP/EUR moving a lot more again. In situations such as these it is crucial that you have an experienced and proactive currency broker on your side.

Should you wish to find out more about how I can help you with a potential currency exchange then you are more than welcome to contact me directly. You can fill in the form below and I will be happy to get in touch.

Having worked in foreign exchange for almost 12 years now I have helped thousands of clients with their currency transfers and I always welcome a chat about the exchange rates. Should you wish to have a discussion about Pound / Euro exchange rates then fill in the form below and I will be more than happy to contact you personally.

Are you aware we can also help you with your currency exchange as well as offering you award winning market information?! (Daniel Wright)

Just to make you aware we have now had over 3100 people contact us through the site and so far we have managed to get better rates of exchange and win business from numerous companies, if you are using one of the following it may be worth you getting in touch for a direct comparison:

Moneycorp, HIFX, World First, Smart Currency, UK Forex, Oz Forex, Foremost Currency, Foreign Currency Exchange, Currency Index, Currencies Direct, XE.com, Transferz, NZ Forex, Halo, Afex, Tor FX and Hargreaves Lansdowne.

Not to mention Barclays, Lloyds, Natwest, HSBC, Yorkshire Bank, Clydesdale Bank, RBS, Halifax, Nationwide and pretty much all major banks.

We don’t only pride ourselves on a great exchange rate but also a really high level of service too, which you may find you aren’t getting to a high enough standard at present.

We deal with bank to bank transfers ranging from one thousand Pounds to multi million Pound transactions for both private clients and corporate clients… We have a regular payments facility too which is free and can assist anyone with smaller payments to Europe.

The company we work for is FSA registered and Authorised as a payments institute and all funds are kept in client transaction accounts to give you peace of mind your funds are safe and secure, we have won awards both for our exchange rates and customer service and have now 47,500 clients under our wing.

If you feel we could be of assistance to you as well, feel free to get in contact with me directly by emailing me [email protected] or you can indeed take two minutes to register for free to get a no obligation comparison in advance of your next transaction by clicking here

We look forward to speaking with you!

Pound to Euro rates: What next for Brexit and GBP/EUR rates?

GBP EUR Exchange Rate: Weekly Review April 9th

The pound to Euro exchange rate has often been quoted as a barometer of the Brexit uncertainties, and to no real surprise it has gently drifted lower this week as we head into the UK Easter weekend. The absence of any new positive news has seen the pound lower and investors, clients and other interested parties are not comfortable holding sterling because of the precarious nature of what lies ahead.

Pound to Euro rates lower, but still higher than the start of 2019

It is well worth pointing out that those buying Euros with pounds are still performing trades at a very high level. A £250,000 purchase of Euros will today deliver an €14,000 extra compared to January 1st. The optimism that a ‘no-deal’ Brexit is now much less likely, or will not happen at all has seen the pound supported.

The outlook ahead for Euro exchange rates had been rather shaky and could continue to be in the months ahead. This is owing to increased political questions (more on which later), and economic concerns too. However, the latest weakness has subsided, as the potential for a breakthrough in the US-China trade talks, provides some optimism over how US-EU talks will pan out.

Will GBP/EUR rates rise or fall in April and May?

Overall those looking to purchase Euros with pounds have, I feel great concerns ahead, since Brexit uncertainties do outweigh concerns on the continent. Moving forward we have two major political tests too, the UK local elections on the 2nd May and the European elections on May 23rd.

Personally, I expect the pound to suffer during these as voters reject Theresa May and Jeremy Corbyn for their poor handling of Brexit so far. The belief is that both parties will suffer, with the Tories expected to suffer the most.

We are already seeing signs of the Brexit Party performing well in the polls and this could bode well for Mr Farage and further complicates the already fractured picture on Brexit.

What next for pound to Euro exchange rates?

I foresee a lower range for GBP/EUR rates of the 1.10-1.11 is still a real possibility if events take certain directions. With any surprise optimism we could retest the 1.18 handle, providing further opportunities for Euro buyers.

If you have a position to buy or sell the pound against the Euro, there are no shortage of events to move the rate. Forecasting is no easy feat, but with our expert knowledge of the FX markets and many years’ experience, we can provide an informed voice to provide options and discuss strategy.

Thank you for reading my latest pound to Euro forecast. If you would like more information on GBP/EUR rates or have a currency transfer you would like to discuss please feel free to contact me using the form below:

GBP/EUR rates remain in the 1.15s despite PM May’s position coming under pressure

GBPEUR Exchange Rate Breaks Over 1.14 Again, Could Sterling See Further Gains Against the Euro?

Despite trading in a mixed fashion against most major currency pairs today, the pound to euro (GBP/EUR) rate is currently up and trading towards the top of it’s daily range against the euro despite a number of domestic issues.

The headlines this morning revolve around the Prime Ministers position, despite Theresa May surviving a vote of no-confidence as recently as December there could be another challenge to her position as it’s emerged that around 70 local association chiefs have called for an Extraordinary General Meeting to discuss her position. If pressure mounts on her to step down, this time from a more grassroots level, we could see sterling come under pressure as it would no doubt increase the uncertainty surrounding Brexit.

Now that the UK has another 6-months to arrange the details of the Brexit arrangement, my personal take is that a change of leadership would result in a drop in the pounds value. It’s likely that politics will remain the key driver for Pound Sterling value but due to the delay and no deal being in place, I think that economic updates may be watched a bit more closely now, in case the uncertainty surrounding the UK results in a drop off in the UK economy.

Volatile pound vs euro (GBP/EUR) rates

This week is very quiet for economic data releases, and the pound’s value is surprisingly mixed so far today so it’s likely that political updates along with economic updates from outside the UK will be the main drivers of GBP value. It is worth noting that tomorrow at 9.30am the Public Sector Net Borrowing figures will be released, and this release will cover the amount of debt held by UK governments. If you would like to be updated regarding this release do feel free to register your interest.

On Thursday there will be a speech from the European Central Bank’s De Guindos, and this is also worth being aware of in case any references to monetary policy are made. The speech will start around 1.30pm.

For more information on how upcoming events could affect your GBP/EUR currency exchange, feel free to use the form below to get in touch. I’ll be happy to respond personally and discuss your requirements.

Will UK Inflation help Sterling rise against the Euro and US Dollar this morning? (Tom Holian)

Sterling has made some small gains vs both the Euro and the US Dollar recently but is still being affected by what is happening with the Brexit talks.

The next obstacle will be when the House of Lords looks at the proposal and if they approve it we could see Sterling make some gains vs all major currencies. However, further delay is likely to lead to Sterling weakness.

As yet until we get some certainty and clarity on the situation Sterling will find it difficult to make any significant gains against its major currency pairs even though UK economic data has been relatively strong recently.

Later this morning we eagerly anticipate UK inflation data at 930am. The expectation is for 1.9% so anything higher could see the Pound make some gains as it could influence the Bank of England to look at interest rates again when they meet next month.

Clearly there is little to no appetite to change interest rates in the short term but if inflation continues to rise in the longer term then an interest rate change could come in the next few months.

UK unemployment is due out on Wednesday morning and with levels hitting 4.8% which is the lowest in years it highlights how well the UK economy is performing even when you consider the so called uncertainty caused by the Brexit vote last June.

However, what is clear is that the political landscape in the UK is having the greatest impact on Sterling exchange rates and I think in the short term Sterling will struggle to make significant gains vs the Euro and US Dollar.

If you have a currency transfer to make and would like to save money on exchange rates compared to using your own bank then feel free to contact me directly. Having helped thousands of clients since 2003 save money on their foreign exchange I look forward to  hearing from you.

Tom Holian [email protected]

Alternatively call me directly on 01494787478 and ask for Tom Holian when calling.

 

Will the pound rise or fall in December?

GBP USD Slips Ahead of BoE Rate Decision

The pound has had an amazing few weeks going from one of the world’s worst performing currencies to one of the world’s best performing currencies. Investors were bracing themselves for a dreadful finish to a bad year for the pound but now the outlook is a little rosier. Of course the performance of the pound will be interesting to you depending on which currency you are buying or selling against the pound. December has some very important global events alongside key news at home, all of which will shape sterling exchange rates. If you are looking to buy or sell the pound soon or in 2017 December is a key month to be making some plans ahead of!

EURO (GBPEUR) – The Italian Constitutional Referendum is on the 4th December and could easily see a big unwinding of Euro positions. This could give Euro buyers with pounds a nice early Christmas present! The Euro may weaken as political uncertainty in the region becomes a concern, the referendum is on constitutional reform but is turning into a vote on the popularity of Matteo Renzi the current Italian PM. On the 8th December the European Central Bank meet to discuss further QE (Quantitative Easing) measures which could also weaken the Euro.

December is shaping up to be a very volatile month for the Euro. The pound has just hit fresh 2 month highs against the Euro but will this last or could it go even go higher? For more information on this particularly uncertain pair please email me Jonathan Watson on [email protected]. We could hit over 1.20 so if you are looking to buy at 1.20 or more please let me know.

US Dollar (GBPUSD) – The fallout from Donald Trumps election victory continues mainly in emerging markets but the ascent of the US dollar seems almost unstoppable. One event that could easily half the strength of the US dollar is December 14th the US Federal Reserve interest rate decision. With markets pricing in over 90% probability of the US raising their interest rate to 0.75% global markets will be bracing themselves for this important wide reaching event. Expect further US dollar strength but this might lead to unexpected swings on GBPEUR and GBPUSD and investors move funds in and out of the US dollar.

GBPUSD exchange rates have been some of the most volatile in 2016 moving over 30 cents between the high and the low. If you are looking to buy or sell the pound and US dollar then please contact me to discuss the market in depth and all of your options. Please email [email protected] to get a further breakdown of the outlook and best available rates on this volatile pairing.

Jonathan Watson in action!
Jonathan Watson 

I Jonathan Watson have worked as a currency specialist for almost ten years helping business and private clients maximise their currency exchanges. I can offer a full overview of the market and highlight all the important events and your options to help limit your currency exposure. I would be delighted to hear from you and have a chat about our services and how we might help.

To contact Jonathan please email [email protected] or call 01494 787 478. Jonathan has appeared on BBC News discussing the EU Referendum and has been quoted in the FT, The Times The Telegraph and many more. 

Is the Pound overvalued or undervalued in the current market? (Joseph Wright)

Those planning on making currency exchanges involving the Pound and another major currency have a lot to consider in the current market, with the overall picture for the Pound being particularly mixed.

The headlines over the past week will highlight that the Pound is trading around it’s highest levels against the Euro this side of the new year, but in my opinion these headlines are creating almost a false sense of security regarding the Pounds value and the currency isn’t quite as strong as many may think.

When you compare the Pounds value with the ‘commodity currencies’ such as the Australian Dollar, the New Zealand Dollar and the Canadian Dollar you’ll see that the Pound is trading around multi-year lows.

The fact that the formal start to the ‘Brexit’ is now most likely less than one month away and all eyes are likely to be on the UK and how it’s economy is performing during this uncertain time, I personally think that there could be further falls to come for the Pound over the next few months and especially if there are breakdowns in trade negotiation talks.

GBP/EUR hitting new 2017 highs can be put down to Euro weakness as the Euro weakened across the board earlier this week. The Euro weakened as a opinion poll in France confirmed that far-right French Presidential hopeful Marine Le Pen is gaining popularity. Le Pen gaining traction could spell trouble for the Euro as she’s outlined plans for France to leave the Euro and start using the French Franc again along with leaving the Eurozone.

Those planning a currency exchange between this particular pair may wish to register their details with us in order to be kept up to date with how this topic unfolds.

If you are planning to make a currency exchange involving the Pound and another foreign currency, it’s well worth your time getting in contact with me on [email protected] in order to ensure you make a well informed decision on when to make that particular transfer, as well as benefiting from highly competitive exchange rates from one of the UK’s leading foreign currency brokerages. Just provide me with a basic outline of your currency requirement and I will be back in touch with you as soon as possible.

You can also call in and ask reception to speak with Joe on 01494 787 478.

Pound to euro predictions: Forecast for the remainder of 2019

A Rollarcoaster Week for GBP EUR - Weekly Review June 18th 

Over the last 8 weeks, pound to euro exchange rates have dropped 5%. To put this into monetary value a €250,000 purchase now costs an additional £11,450. The pound has declined in value due to the chances of a no deal Brexit increasing. As it’s been highlighted over all media stations, front runner Boris Johnson has made it clear that the UK will be leaving the EU with or without a deal at the end of October.

New UK Prime Minister to be announced on 23rd July

This month the 160,000 Tory members will vote to decide who they want to be the next Prime Minister and the verdict will be announced on the 23rd July. If the polls are correct and Boris takes over at No. 10, the chances of crashing out of the EU without a deal increases, therefore I expect the pound to face further pressure against the euro. However if Jeremy Hunt manages to beat the odds and win, the pound could recover some of the losses it has seen over the last 8 weeks.

Pound to euro predictions for 2019

To forecast Pound to euro rates for the remainder of the year, I am predicting that Boris will become the next Prime Minster. Therefore throughout August we will find out more in regards to how the former Mayor of London wishes to proceed.

Regardless of who takes over, the EU’s position I believe will remain clear and the withdrawal agreement will not be changed. Therefore this could put further pressure on the pound. However come the end of October, I don’t believe the UK will crash out of the EU without a deal as MPs within the House of Commons will find a way of blocking it. In fact, the most likely option I believe will be a snap General election which Boris Johnson himself calls.

For clients that are buying euros, an uncertain time ahead is on the horizon. Therefore, if you buying property in Europe or have to pay a company invoice, buying euros upfront I believe is your best option. For clients selling euros to buy pounds, you are in a fantastic position. Exchange rates have dropped 5% in 8 weeks and uncertain times lay ahead. If I was in your position I would outline your requirements by filling in the form below, this will send your message directly to me and I will keep you up to date as developments unfold.

RBS and Natwest to close foreign currency accounts – Will this affect you? We can help you exchange your currency into Sterling at much better rates than the bank! (Daniel Wright)

GBP USD Exchange Rate Climbs Higher but Growth Fears Remain

We have heard recently from a number of existing clients that RBS and Natwest are to close all foreign currency accounts in the very near future.

If this is to affect you and you would like to discuss it in further detail then feel free to contact me directly as the company I work for specialise in getting much better rates of exchange than the banks and we can also hold funds in a foreign currency in a client account on your behalf, so if you do not wish to exchange the currency immediately due to where the markets are currently sat then you do not have to straight away.

I can personally keep you fully up to date with market movements and although I cannot directly advise you I can help you with the timing of your exchange to try and maximise your money.

An important day on the markets tomorrow for those looking to carry out any exchanges involving Euros as we have the European Central Bank interest rate decision and press conference at 12:45pm and 13:30pm respectively which could lead to an extremely volatile afternoon for the Euro.

If you feel I can help you with any aspect of currency exchange then do feel feel to contact me directly. You can email me (Daniel Wright) directly on [email protected] with a brief description of your requirements and a contact number and I will be more than happy to get in contact with you personally.

Should I Buy or Sell GBP At The Moment?

GBP EUR Edges Higher After Recent Rates Sell-Off

The answer as ever rests with which currency you are holding but if you do need to buy or sell currency for transfer abroad or back to the UK then the following is my generic overview of trends I expect to see in the currency market.

GBP – Sterling has rallied notably against Euro rising to a near 4 year high however much of this has been down to turmoil in Europe rather than real sterling strength as can be seen when you cross reference GBP rates with most currencies outside Europe.  With another £50bn of QE added by the Bank of England, and Governor Mervyn King admitting the UK wasn’t even halfway through its own economic problems, I would expect sterling to remain vulnerable as there is still a very outside chance of an interest rate cut in the UK if QE doesn’t work.  If you are holding most non European currencies then current levels to buy GBP are pretty good, however with the recent spike against the Euro (and CHF, PLN, and HUF) then it may be a good time to buy them- sterling has rallied nearly 3% in about 2 weeks so even if
you only need a £5k transfer for spending over the summer it would still save
you £150!

EURWith a number of countries having been bailout out the single currency is still
under fire as no solution on how to tackle the debt problem can yet be reached
between Germany and the rest.  This has created massive Euro weakness and provided a great buying opportunity from both the US Dollar and sterling.  I do not think
the crisis will likely end any time soon and I think the Dollar will likely remain robust as a safe haven but I do fear sterling may be slightly overvalued at present against the single currency until we see the UK economy turning around.

CHF – Given the Swiss National Bank decision to keep a base peg of 1.20 to the Euro it has meant the CHF has lost its safe haven status, and pretty much as the Euro has weakened so has the CHF.  Pretty much for any trade involving Swiss read Euro until the SNB change tack.

USD – Job creation figures in the US have been positive but a lot weaker than expected.  This is likely to be a key election debate between Republicans and Democrats this year and how to tackle the economic slump- this will be key as once again the US national debt will come up for
debate in the run up to November which could weaken the Dollar as politicians
bring the US with brinkmanship to further their own policies.  The other big threat to the Dollar is the possibility of “QE3” stateside and an extension of “Operation Twist”.  However whilst crisis reigns in Europe, investors will need a safe haven which will be the Dollar.  As such expect USD to remain strong against both GBP and EUR.

AUD mining still dominates the Aussie as China still hoovers up huge amounts of its natural
resources.  Wobbles in Chinese growth have seen the Aussie see-saw between 1.50 and just over 1.60 in the last couple of months and despite a fairly recent rate cut Down Under which temporarily weakened the currency I expect to see the Aussie strong against GBP unless the
RBA cut rates much further.

If you do want to transfer funds and want to see how a broker can help then please feel free to e-mail Colm at [email protected] for an overview of where I think your currency may head and a good exchange rate.

Recent Posts

None of the information contained in this website constitutes, nor should be construed as financial advice. It should not be interpreted as a solicitation to offer to buy or sell any currency or as a recommendation to trade.

Where interbank exchange rates are referenced within the website these should only be used as a guide on the performance of a market. These rates are not indicative of our exchange rates – please contact us for a quote.