Save money when buying Euros (Tom Holian)
When buying Euros for currency transfers to Europe it is important to use a currency broker who will save you money compared to using your bank. There are many to choose from and ultimately it is up to you who who use but it's important that the information they provide is transparent in terms of fees and offering you a competitive exchange rate.
With Sterling Euro exchange rates hitting their highest level since January 2013 in the last few days the levels to buy Euros are...
Euro Sellers Getting Nervous- Will Draghi Be Able To Wave His Magic Wand Again?...
Whilst sterling has taken a slight wobble this week due to the national deficit once again rising (it was supposed to come down according to the Coalition wasn't it?!) giving credit rating agencies pause for thought, the Euro is likely to have a very testing week again next week. Whilst we do have the Bank of England decision next week nothing is expected to change there, and some UK releases like Services PMI are forecast to be positive.
However market attention on the Euro is...
Will the Pound fall from its peak? (Tom Holian)
GBPEUR exchange rates hit their highest level seen since January 2013 on Tuesday in the higher end of the 1.23 level but have dropped since following some stronger news from the Eurozone.
It appears as though the recent fall has also been fueled by speculators who have taken advantage of the recent highs and are profit-taking in the short term.
Next week sees the release of the Bank of England interest rate decision as well as the decision for the European Central Bank. There are expectations...
Sterling Euro rates remain range bound (Daniel Wright)
The Pound has remained within the 1.22-1.23 range against the Euro throughout trading this week, with very little economic data for it to move on for either the U.K or indeed Europe most heads will now turn towards the ECB interest rate decision next Thursday and which actions we will see from head of the European Central Bank Mario Draghi not only in the rate decision but also the key press conference afterwards which can always cause quite a bit of market volatility.
During the...
When to trade the GBPEUR – best price
Buyers of the euro have taken a little knock this week as the value of Sterling has fallen back slightly. I think however this will only be short lived and next week will give GBPEUR traders a better level still with all eyes on the Europeans. They have continually highlighted their concerns about inflation across the single currency and have hinted that they plan to bring in new policies to tackle this factor. It means that euro sellers have only a small window to...
GBP/EUR Levels Drop Back Below 1.23 (Matthew Vassallo)
GBP/EUR levels have fallen back below 1.23 during Thursday morning’s trading, providing EUR sellers with some much needed respite after a tough week. The negative feelings surrounding the Eurozone have been resurfacing for some weeks and with growth forecast cut for 2015, along with on-going concerns over levels of inflation, I anticipate the single currency could come under further pressure over the coming weeks. Despite these issues not expect to see all one-way traffic, as today’s spike proves, but what has become clear is...
Focus on next weeks Euro Zone inflation figures and ECB meeting (Mike Vaughan)
Sterling took a hit yesterday against the Euro pushing below 1.23 and could be set for poor run to the end of this week with retail sales from Germany expected to be strong tomorrow. However for me the focus will be placed onto next Tuesday's important inflation figures from the Euro Zone. With levels having fallen way below the ECB's target pressures are being felt from deflation and any further fall on Tuesday may leave the ECB with no choice but to act at...
Sterling Euro falling from 16 month high (Tom Holian)
Sterling Euro exchange rates have started to fall from the recent 16 month highs owing to a small amount of positive Eurozone data out earlier today.
When exchange rates hit highs they often do not last too long and I think that speculators are taking advantage of the recent highs and are now selling off Sterling.
Nationwide has claimed that the UK housing market is due for a correction after an 8% rise over the last 12 months for the UK. Personally, I feel that the...
Sterling Euro exchange rates are starting to slip back (Daniel Wright)
The Pound has started to fall from the recent 16 month high we saw against the Euro over the past week or so after failing to break through key resistance levels on a number of occasions.
Those looking to buy foreign currency for their business requirements or indeed the purchase of a property overseas would have been exceedingly happy with the way rates were looking and now that the tide has started to turn it may be prudent to look at securing at least part...
Pound Euro rates fall…
Despite German Unemployment rising the Euro failed to suffer and has infact gained against sterling as the USD takes up slack on EURUSD pushing to some of the better rates to sell Euros for GBP in recent weeks. With deterioration in the outlook for the US, the dollar has found favour in a risk off environment. I expect we will see GBPEUR test 1.21 soon, presenting even better rates for Euro sellers.
Achieving the best exchange rate is achieved through a wide range of factors...