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Exchange Rate Forecast – Euro GBP US Dollar ( Andrew Bromley )

By
Daniel Wright
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GBP USD Picks Itself Up Off the Floor

The Euro has strengthened today on more positive economic news for the single currency. Yesterday saw an improvement in the Eurozone unemployment figure, and todays improved German Retail Sales figures have helped the Euro further. Following what seems to have been bad news after bad news, the Euro was due a slight improvement. The improvement has been just that – slight! Many market analysts had predicted an improvement of several cents for the Euro, following the announcement of a Greek bailout. Once the bailout was confirmed to be not forthcoming, and to eventually be replaced by a deferment to repayment dates, the markets have adjusted and seem to be heading towards 1.40 rather than 1.30.

I personally feel that levels will stay between 1.3650 and 1.3775 for the short to medium term, prior to potential Pound weakness from the UK General Election. This years General Election is set to be the most open election for many years, with currently no clear party taking favour. If you have an exchange requirement between now and May, you may want to make contact before the market goes berserk!

US Dollar – The Week Ahead

The Greenback regained some of its strength towards the back end of last week, as following her meeting with US Congress, Head of the Fed Janet Yellen was eventually positive again about a US Interest Rate hike. Interest rates are a very goo indicator to the strength of an economy, so the positivity toward an increase subsequently strengthened USD again. I personally feel that we will see the 1.50 levels again as the Pound weakens in the build up to the UK General Election, so US Dollar buyers may wish to ready themselves. This week the US release their ‘Beige Book’ (an economic overview) and US Non Farm Payrolls are out Friday afternoon. This is followed by US Unemployment so the close of the week will be where the action is!

Those buying or selling with GBP should also be wary primarily of Thursdays UK Interest Rate decision. Although no change is expected, it will be very interesting (and potentially market moving) to see if there is any deviation from the Monetary Policy Committee on their thoughts…

If you do have a currency requirement, please feel free to get in contact on 01494 787 478 – please ensure that you ask for Andrew Bromley and quote this blog – that will ensure access to unbeatable exchange rates! Alternatively, drop me an email to [email protected] – I’ll be in touch with a response.

Pound Euro forecast for the next 12 weeks (Dayle Littlejohn)

By
Dayle Littlejohn
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Throughout the last 4 months GBPEUR mid market exchange rates have fluctuated between 1.10 and 1.20. A €200,000 purchase at the top end of the market compared to the lows would have saved you £15,000. With central levels towards the top end of the market, if you are buying euros within the next 12 weeks I would recommend trading sooner rather than later. Below are my reasons why.

If you rewind to the end of October 2016, the UK were under the impression they were leaving the EU and single market. At this point GBPEUR exchange rates were at their lowest point. With a few stumbling blocks in UK Prime Minister Theresa May’s way (high court and supreme court rulings) GBPEUR exchange rates started to rise as an exit from the single market looked unlikely.

However 4 months on, Theresa May has provided a white paper and this has been approved by MPs within the house of commons therefore it appears after all that the UK will leave the single market. Once this is confirmed I expect exchange rates will start to fall to levels we become accustom to in October.  At the moment we are waiting for the house of lords to approval Theresa May’s Brexit plan.

The currency company I work for enables me to be able to buy euros at levels the client wont be able to with their own bank. If you are purchasing euros and want to save money today is the day to get in touch. In addition if your sterling is not available to you at the moment, you can secure exchange rates now and pay later. This is known as a forward contract. For more information feel free to email me on [email protected].

If I haven’t covered your currency pair feel free to email me the currency pair you are trading (GBPUSD, GBPAUD, GBPCHF etc) the reason for your trade (company invoice, buying a property) and I will email you with my forecast for the currency pair.

For the reference of the reader my area of expertise is property purchases and sales. Therefore if you need to purchase a foreign currency or you are about to complete on a sale abroad, today is the day to get in touch to discuss your options and to get an understanding of how we can save you as much money as possible [email protected].

** If you are already using a brokerage and would like to know if you are receiving the best rates possible email me with the exact figures and I will reply with our live price. This will take you minutes and in the past I have saved clients thousands! **

STERLING STILL DROPPING AGAINST THE EURO – Gains against AUD, NZD

By
Daniel Wright
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GBP EUR Exchange Rate: Weekly Review July 16  

Another exceedingly busy day on the trading floor and another headache for those looking to purchase their dream property within the Eurozone.

I have been speaking with clients for months now and many just continue to hold on even with the Pound seemingly having no punch left in it to fight back at present.

If you are in such a position then you need to ask yourself the following question…. Would you walk into a casino and place thousands of Pounds on a roulette table???? If the answer is no then why are you taking exactly the same risk and gamble with your currency exchange???

If you have a large position to buy in the coming hours, days, weeks or months then it is well worth getting in contact with me directly as I can save you money both on the rate you receive and helping you with the timing of your transfer.

You are more than welcome to contact me (Daniel Wright) directly on [email protected] and I will be more than happy to contact you personally to discuss the various options available to you. Do not settle for the rate you currently have from your bank or broker as it is highly likely we can get you more.

Will GBP/EUR Rates Fall Further? (Matthew Vassallo)

By
Matthew Vassallo
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GBP EUR Exchange Rate: Weekly Review July 16  

We have seen GBP/EUR levels fluctuate over the past month but it may have come as shock to see the EUR strengthen through 1.17 at the high. An improvement in UK economic conditions meant that it was generally anticipated we would see further GBP strength, with many analysts predicting rates would break the 1.20 resistance barrier sooner rather than later. Whilst it is impossible to predict exactly how the market will evolve over the coming weeks, I think it is unlikely we will see the pair breach this level before the end of 2013.

The EUR did move up to a two month high against GBP during yesterday’s trading and a recent report indicated the Eurozone growth prospects were now balanced and improving. Add to this the news that Spain is no longer in recession and we can start to see why the EUR is gaining momentum.

In the past I have alluded to the notion that the Bank of England (BoE) would be keen to avoid the Pound strengthening to aggressively, particularly against the EUR, for fear of alienating our largest trade partners (the Eurozone) even further. If you were to take this stance then the current dip we are seeing may not be a concern at all. If our export industry can start to prosper again and keep in line with the other facets of our economic recovery, then we are far more likely to see a healthy economy in the long-term.

GBP/USD levels have continued to provide excellent buying opportunities, with rates holding firm above 1.60. Investors are still viewing the US economy with a lot of scepticism amid the recent unrest and I believe this will continue over the coming days. However, in my opinion the USD is overdue a correction against GBP and I don’t believe it will be too long until the USD starts to move back towards 1.55, as the political tensions in the US ease and the focus shifts back onto a recovering economy.

Anyone with a GBP/USD requirement this week should keep a close eye on this afternoon’s US Federal Reserve (FED) interest rate decision and monetary policy statement. Whilst interest rates are expected to be kept on hold and there is no indication that the FED will start to ‘taper’ their bond buying scheme, any deviation from the expected could cause a major market shift. If this were to happen the likelihood is we would see the USD start to strengthen.

If you have an upcoming GBP/EUR requirement and would like to be kept up to date with all the latest market movements then please feel free to contact me directly at [email protected]. Alternatively you can call one of the experienced team on 0044 1494 787 478.

Sterling set for a strong day? Retail sales and Bank of England minutes the focus (Mike Vaughan)

By
Daniel Wright
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Sterling has had a good start to the week and could be set for another strong showing this morning. At 09:30 the Bank of England will release its latest minutes from this months interest rate meeting and also released will be the UK’s latest retails sales figures. Retail sales are expected to have another strong showing moving from 4.2% to 5.2% year on year and from 0.1% to 0.5% month on month. If as expected I would expect the pound to have a good surge this morning.

As mentioned the Bank of England will also be releasing their minutes at 09:30. It is unlikely it will throw up too many surprises but is certainly one to keep an eye on. Any hint as towards future interest rate hikes (something that was dampened during Mark Carney’s last speech) and again this could have a significant impact on the pound.

looking across the pond and this afternoon will be a busy time for the US dollar starting with a speech from Janet Yellen at 17:00 followed by the FED minutes from their interest rate meeting at 19:00. This is the one to watch out for and again depending on the tone of the minutes could shift GBP/USD back through the 1.70 level.

Anyone looking at the Euro and watch out for Euro Zone consumer confidence figures at 15:00

Are you getting the best deal on your foreign exchange? Through utilising a broker such as ourselves and giving yourself as much information as possible will help you make the most informed decision when timing your transfer. To get more information about the currency service we provide contact the office on 01494 725353 or email Mike a [email protected]

 

Tomorrow to be key for Sterling exchange rates – Unemployment data and bank of England minutes

By
Daniel Wright
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Daniel Wright
Daniel Wright

Tomorrow for me has real potential to be a big day for the U.K and indeed Sterling as we have the release of both unemployment levels and the bank of England minutes from their last interest rate decision.

Unemployment figures are not quite as important as they have been in recent months as the Governor of the bank of England Mark Carney has bought in numerous other parameters that may impact on an interest rate change however any alterations on the 7.1% figure will still have an impact on Sterling’s value.

At exactly the same time we will have the Bank of England minutes which will show what was discussed and how members voted at the last interest rate decision so be aware any surprises that come from this could also make for an interesting morning for the Pound.

If you have a requirement in the future but you do not yet have the full availability of funds you can book out a forward contract. This is where you can book a rate out for up to a year in advance with just a small deposit, removing the risk of the currency market making your purchase any more expensive in the future.

This is ideal if you are in the process of buying a property overseas as you can know exactly how much the property is going to cost you today and eliminate the risk of the Pound dropping away again and missing out on this great opportunity.

I look forward to speaking with you if you have any questions or queries or you would like to book out a rate of exchange. You can get in touch with me directly by emailing me on [email protected] and i will ensure I get back to you personally. We pride ourselves on saving clients money over banks and other brokerages so for five minutes of your time it could save you an awful lot of money.

Sterling gets a Lift? (Tom Holian)

By
Tom Holian
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GBP USD Picks Itself Up Off the Floor

With inflation falling below the Bank of England’s target there was an outside chance that the minutes from yesterday’s BoE meeting could have been different from the previous month.

The minutes showed that 7-2 were in favour of keeping interest rates on hold which led the Pound to strengthen marginally against the Euro during yesterday’s trading session.

This morning German manufacturing data has come in a lot worse than expected which has sent GBPEUR rates above 1.25.

In a few minutes UK Retail Sales data is due out and the expectation is for growth of 3.8%. Anything higher could keep Sterling strong against the Euro.

French economic growth has been struggling recently and questions are being raised as to whether the French are taking their situation seriously enough. With growth on the continent struggling there is still a chance that the ECB may intervene with monetary policy at next month’s meeting which could result in Euro weakness in the longer term.

US Inflation data is published at 130pm today and as the world’s leading economy if the data is positive this could result in Dollar strength which often results in Euro weakness.

If you have a currency transfer to make and want to save money on exchange rates then contact me directly for a free quote. Tom Holian [email protected]

 

 

Busy week on exchange rates! What will happen to your exchange?

By
Jonathan Watson
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GBP USD Exchange Rate: The Week Ahead July 25th 

Recent positive sterling moves have been exacerbated by improvements in the currency outlook for the pound. Services data today showed yet further improvements which should mean we expect only further GBP strength against most currencies, but not all! Read on to get a quick overview of important things to note regarding your pair. For a more detailed outlook and information on making international payments at better exchanges rates than banks and other sources please email me on [email protected]

GBPUSD – The USD is on the back foot following some bad GDP data last week. Despite an improving employment outlook the USD still stands to lose out in the future and I am sure we will see 1.70 soon. The chance of any US Interest rate hike is now miles off in the future, well behind that of the UK and the pound hence the improvements on this pairing. The USD will find favour however whether from Ukraine uncertainty or an improving economy so don’t hold out too long…

GBPEUR – The Euro appears weak against sterling but is actually very strong. If you look at the Euro against the US dollar and Australian dollar you can see it is at historically very strong levels. Much will be outlined by Thursday’s ECB decision, will they look to weaken the Euro? One interesting fact to note is that the ECB view EURUSD at 1.40 as unfavourably strong so if the trend of Euro strength, USD weakness continues the ECB may speculate over intervention into the market. Watch this space!

GBPAUD – The RBA have achieved their primary goal of weakening the Aussie, indeed this has been very successful. They are no longer targeting a weaker Aussie and improvements in the Chinese economy warrant a firmer Australian currency.

The pound looks set to be the main beneficiary of improved economic sentiments. All in all if you are planning to buy currency soon with sterling, taking stock of the current market is very sensible. We can forward buy currency and offer a range of options to limit your exposure to the market. A quick phone call or email to us really is a wise move as we are specialists with many years experience in the planning and execution of your international payments.

Hope to hear from you soon!

Jonathan Watson

[email protected]

+44 (0) 1494 787 478

Pound to Euro Forecast: How will GBP/EUR perform in January?

By
Jonathan Watson
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The Pound Continues to Struggle as Coronavirus Takes Hold

In this pound to Euro forecast we look ahead at the events that could influence GBP/EUR rates in January. What can we expect in January and will GBP/EUR rates drop further?

January is looking to be a crucial month for Brexit which is the main driver of the pound to Euro rate. The pound has been weaker in recent weeks as investors lack of understanding of the Brexit is reflected in the price of the pound. The Euro has been finding some favour too, further exacerbating the trend on the pair.

The key date for January will be the week commencing 14th January where we have the next scheduled Parliamentary vote on Theresa May’s Brexit deal. This might still be postponed and there are conflicting reports over just what we might expect from this episode.

Ultimately, we might still be looking at a no-deal scenario which would see the pound weaken, many forecasters had previously placed GBP/EUR at closer to parity should we see this turn of events.

What might be more likely is that we see either a General Election or a second EU Referendum as the number of options available diminishes and we are left with these outcomes. I believe either of these outcomes would see the pound much lower as investors are forced to consider the potentially negative elements.

There is now a growing sense that the pound will only struggle further in the coming weeks as even if Theresa May’s Brexit deal is passed, there will then be a whole new set of questions over just how Brexit will pass.

Pound to Euro Forecast: How will the Euro perform?

The Euro is stronger entering 2019 as investors find comfort from the resolution over the Italian budget standoff and also warm to the idea of the ECB, European Central Bank, making further progress with their economic plans.

For clients with a GBP/EUR currency exchange in 2019, now could be a very good time to review your position. The expectation is for increased uncertainty over Brexit but any signs the political or economic situations in the Eurozone are not going to plan, would weigh on the Euro.

I expect to encounter a range of 1.07-1.15 in the month, taking account of the possibility of all eventualities.

Thank you for reading and I look forward to welcoming any questions or comments. If you would like to discuss anything in my pound to Euro forecast please use the form below to send me a message:


Will Recent Sterling Strength Continue? (Matthew Vassallo)

By
Matthew Vassallo
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GBP USD Exchange Rate: The Week Ahead October 24th

Sterling has continued its positive run against the EUR during the early part of the trading week, despite not making a major impact against many of the other major currencies. Personally I did not expect such an improvement over the past couple of weeks and despite GBP/EUR rates breaching 1.40 again, I do not expect levels to climb back up to the highs we saw in the summer.

Whilst the trend remains positive, there is nothing tangible that is driving the Pound’s value up. For this reason it is likely this move is based more on negative connotations surrounding the Eurozone economy, rather than any overriding market confidence in the Pound. Due to the on-going instability within the Eurozone region, it is almost impossible for the EUR to make any sustainable impact against GBP and this is evident based on the recent market trend. It was only a couple of weeks ago that there was talk of the EUR putting pressure back on 1,30, only for the single currencies value to disintegrate almost in an instance.

The Pound did receive a boost following a run of positive economic data and this was true of yesterday, where UK Manufacturing data came in better than expected at 55.5. There was very little data of note released today but it will be interesting to hear European Central Bank (ECB) president Mario Draghi speak tonight, to see if he gives us any further insight into the Eurozone economy and the plans being instigated by the ECB to help drive the region’s economy forward.

Personally I would not be gambling on a market which is so uncertain and with the Pound relying on outside factors to drive it’s value higher, I would be tempted to lock in a position which is amongst the best we’ve seen over the past decade.

If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchanger rates with your current provider, then please feel free to contact me directly on [email protected]

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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.

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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.

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