How to Get the Best Exchange Rates (Matthew Vassallo)

Bank of England Minutes Mean Further Quantitative Easing Likely GBP levelled off against the EUR during Wednesday's trading, following a sharp loss in the markets yesterday. Tuesdays inflation figures were certainly not viewed as a positive by investors and this morning's Bank of England (BoE) minutes also lead to some questions, as to which direction our economy will be taking over the coming months. Whilst  the UK economy has been improving of late, our trade deficit remains alarmingly wide and this morning's BoE minutes, indicated it is likely we will see further Quantitative Easing...
USD to Advance on Euro Following German Data

GBPEUR increases 2% (Dayle Littlejohn)

Euro buyers have received a fantastic boost today due to UK Prime Minister Theresa May press conference. The key message from the speech is that the UK will be leaving the EU in March and she plans to pull the UK out of the single market. You would have thought the pound would have started to fall against the euro off the back of these comments however she also stated Parliament would get to vote on the final decision. This could be a hint that the...

What’s in store for the Euro? (Mike Vaughan)

Sterling has had a relatively stable time against the Euro over the past few weeks having shifted just 1.3% over the past month, this is not a particularly big spread during this length of time but fortunately for Euro buyers the month high was reached on Wednesday. For me the major release for Europe and the direction of the Euro could depend on the next ECB interest rate meeting scheduled next Thursday. On Wednesday inflation figures in the Euro Zone fell further below the target...

Sterling flat despite positive words from a key Bank of England figure (Joseph Wright)

Sterling has failed to see a boost to it's value this morning despite a member of the Bank of England suggesting that its time for an interest rate hike in the UK. The member is Michael Saunders and his comments won't of come as a surprise to many after his votes to raise the rate in the last two voting meetings. The current Pound to Euro exchange rate is sitting at 1.0850 after hitting a new 8-year low earlier this week due to Brexit uncertainties. There...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

Euro weakness and GBP strength yet again…

The market is clearly showing signs of returning to more fundamental indicators following some impressive UK data and some not so good Eurozone data. Current rates to buy euros with sterling look very favourable to me and I would seriously suggest a strong consideration of your current position by both buyers and sellers in the market. We have been trading in a very tight band between 1.20 and 1.22 this year, surely at some point it will be bound to break free. Currently we are...
Positive End to the Week for the Pound

GBPEUR Rate Drops

Recent movements on the GBPEUR rate have seriously hampered clients looking to buy euros and helped those selling euros. We have witnessed a drop of over 1% today and the rate had already taken a hit yesterday! The recent high of 1.1555 has dropped to a low today of 1.1250! This drop of 2.7% would mean that on a €200,000.00 transfer you would at today's low be looking at £4692.53 extra cost compared to the high! If you were selling this would of course be reversed. Why is...
Positive End to the Week for the Pound

GBPEUR showing signs of weakness once again? (Joseph Wright)

After disappointing yesterday the GBPEUR currency pair have once again begun the day poorly, with the pair down over 0.5% at the time of writing. The Pound dropped yesterday against most major currency pairs after both Industrial and Manufacturing data came out worse than expected, with factory output falling to its lowest level in 3 years. These disappointing sets of data don't bode well for Sterling moving forward when we consider that the EU Referendum is now just 42 days away. Political uncertainty usually weighs down...
Pound to Euro rate: Italian debt a threat to the Euro

Pound to Euro rate: Italian debt a threat to the Euro

Problems within the Eurozone: Euro close to 2 year lows against the Dollar The euro currently sits close to a two year low against the US dollar, yet GBP/EUR rates remains anchored in the 1.11s. The euro has its own troubles such as terrible inflation data and the Italian debt situation. Italian debt is now larger than GDP and Brussels have threatened to impose a €3bln fine on Italy if there is not a solid debt recovery plan put in place. Italian debt higher than GDP This...
USD to Advance on Euro Following German Data

GBPEUR rates SPIKING – STEVE EAKINS

Yesterdays GBP figures for the UK showed that the UK economy grew at its fastest pace for years creating real strength for the Pound. It pushed GBPEUR rates up once more towards highs not seen since the beginning of the year giving people who missed the opportunity 3 weeks ago a further opportunity.  Rates now sit yet over 1.20 and could potentiality push a little further tomorrow morning. however beware tomorrow as with so much movement over the month I expect some large amounts of...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

Pound to Euro Forecast: Euro rate hits 21-week high, as Brexit deal possible

The pound to euro interbank exchange rate has reached 1.1506 today, its strongest in 21 weeks, or since Wednesday 15th May. In part, this is because the EU’s Chief Brexit Negotiator, Michel Barnier, has told journalists today that a Brexit agreement this week is “difficult but possible.” This follows reports from UK and EU sources that there’s “cautious optimism” that a Brexit agreement can be reached in the next few days. However, London and Brussels will have to work quickly to reach a deal,...