Further Pressure on Germany to save the Euro

Well it is the news story that just won’t go away.. the European Debt Crisis.. which is slowly becoming the global Debt Crisis.. The Organisation for Economic Cooperation and Development (OECD) yesterday warned of a Eurozone about to enter recession and also warned of the wider risks to the UK and the rest of the world from inaction in the Eurozone. The most important thing I felt from the OECD report was the recognition that responses to the crisis were ‘behind the curve’, i.e...
GBP to USD rates - Sterling begins the week relatively flat despite Brexit breakthrough

Debt Crisis to engulf Germany?

A bond auction this morning for Germany led to the Euro losing about half a cent against the pound. The bond auction was not fully subscribed which raised investors eyebrows. Germany has been seen as the rock in the sea of debt engulfing Eurozone countries. This makes clear to me that the crisis is only getting worse and spreading, the question for anyone buying or selling Euros is how does this affect me? And more importantly when will it affect me? Other data out in...

GBPEUR – Important Data Today and this week – Euro crisis abates as attention...

The GBPEUR rate has dipped by over two cents since the high of nearly 1.18 last week. This is because the immediate danger of the Euro crisis has abated as new Prime Ministers installed in Italy and Greece present the possibility of change, and because the ECB (European Central Bank) have been busy buying up the bonds of Italy which has calmed the markets. I do not think this is the start of a strong Euro rally but if you are selling Euros and...

Don’t get caught out gambling on exchange rates!

As a specialist currency broker for one of the UK's leading currency brokerages I am very experienced in dealing with both private and corporate client's currency requirements. What I am often asked is 'what is going to happen?' and in working with the client I am always keen to point out they should be realistic about their expectations and not get too carried away gambling that things will move in their favour. By letting me know what you need to do I can then keep...

EURO WEAKNESS – ECB Cuts Interest Rates

In a not wholly suprising move the European Central Bank has cut the Eurozone Interest Rate to 1.25% from 1.5%. This 0.25% cut has given anyone still holding out for further gains from this week's already extremely favourable movements that reason to trade. Monday morning the GBPEUR rate was at 1.1372, the high of 1.1691 touched Tuesday reflects the dramatic shift in expectations. Even with the rate cut we are still below that high touched Tuesday and I feel we won't see any better time to trade this...
GBP/EUR exchange rates creep up over the course of the trading week

GBPEUR Climbs on Eurozone Fears

The rate is as volatile as ever today with the market moving over 1 cent between the high and the low. That means that if you were making a currency transfer of £200,000 today by trading at the high versus the low, you would have got an extra €1380.00. Due to the nature of the current market, I pointed out to client who was keen to book their deal this morning to hold out as I felt there was some room for Euro weakness ahead of the...
GBP/EUR exchange rates remain in a tight range, Sterling just about winning the week so far

Sterling Euro Forecast – What will happen?

When needing to transfer large amounts of funds overseas the value of currency you receive will be determined by the exchange rate you get. Sounds obvious? Well everyday tens of thousands of people (if not significantly more) literally throw money down the drain and use a bank for their currency exchange. Even though the bank seems the 'best' place to go since that is where you keep your money it is in a very high majority of cases the worst. When needing to transfer large sums...

GBPEUR Opportunity?

It is now looking increasingly likely that some kind of solution will be reached whatever that may be and that has certainly cooled the pressure on the Euro. That is if you believe the headlines and the rhetoric coming from some politicians.  It is clear something needs to be done because the markets keep getting themselves in a  twist and there is no certainty over the direction of the economy and therefore exchange rates. To quote Christine Lagarde, Managing Director of the IMF, 'We are in a...

Swiss set minimal rate for Euro – What does this mean for the Swiss...

Yesterday saw the largest movement for the Swiss Franc in its history as the Swiss National Bank decided to set a minimal level for the Franc against the Euro. Within ten minutes the CHF weakened by roughly 8% against everything as CHF was sold off rapidly by the SNB to get from 1.10 to 1.20 against the Euro, also against the Pound we saw similar movements as GBP-CHF went to 1.38 from 1.25! Lets see what has actually happened here and what effect this may...
Should I buy euros with pounds now

Non Farm Payroll data this afternoon – Big release in the States that will...

Good morning all and heres to a busy Friday afternoon ahead! At 13:30pm we see the release of non farm payroll data for the U.S and this can be a large market mover, not only for the Dollar but also for many other currencies too. Non Farm Payroll data covers the amount of U.S citizens in Non Agricultural employment, it is Non Agriculural due to the farming sector employment being seasonal which would effect the figures quite dramatically. The data can be a large mover because of...