Buying EUROS has got cheaper

Over the last 7 days the GBPEUR rate has climbed significantly, we are currently at the best levels we have seen for over 4 months.

If you want to take immedate advanatage please get in contact before tomorrow – contact myself via email at hse@currencies.co.uk

The reason for this movement is due to an increasingly likelhood that the UK will remain as a member of the EU following the vote on the 23rd June.  This drives up the demand for the Pound and makes it more value but don’t get into false hope for further gains.  It seems likely that this will at least be stopped tomorrow when UK GDP figures are released. This is expected to show a slowdown in UK activity as a result of the uncertainty on the EU referrendom resulting in Sterling weakness on the day.  Further afield it seems likely that we will see rates fall as we get closer to the event itself, like we have seen before in elections and votes over the years. Basically global demand for the Pound will more likely fall which may result in Sterling weakness.

As a result it is being forecast that these current levels will be close to the best levels we will see for a while.

For more information, llve prices and forecasts please get in contact – email me Steve Eakins via HSE@Currencies.co.uk

When to buy my Euros (Dayle Littlejohn)

In the last 6 weeks GBPEUR exchange rates have increased over 7 cents making a €250,000 purchase £11,000 cheaper and many of my clients are now asking is this the window of opportunity euro buyers have been waiting for?

If you are buying Euros before June 23rd I believe this spike is worth taking advantage of. I expect in the next 2-4 weeks the Pound will lose value when the out campaign make their final bid to the UK public.

At the moment polls and bookmakers are suggesting the UK will remain part of the European Union and I also agree. If this materialises I believe GBPEUR will have a sustained period in the 1.30s throughout July.

However if the UK were to leave expect the Pound to plummet!  

Thursday the UK release their latest GDP numbers. The numbers are expected to be released same as previous. However if we see an improvement I expect GBPEUR could break through 4 month high trading levels.

If you are buying or selling Euros this year, June 23rd EU referendum decision is going to have a major impact on your trade and could COST or SAVE you thousands!

For people reading this website for the first time the currency company I work for enables me to achieve clients up to 5% better exchange rates than the high street banks and other brokerages. I specialise in property purchases and sales. Therefore if you are buying or selling a property this year and want to save money by achieving the best possible exchange rates but also want help in timing your transfer, get in touch by emailing me on drl@currencies.co.uk.

If you are already using a brokerage and have stumbled across this article because you are simply looking for information in regards to the currency market, I want to help you save as much money as possible compared to the brokerage you are already using. For a comparison email me with the exact figures and the currency pair and I will email you with our live buying price.

Alternatively if you would like to speak to me on the phone you can call on 01494 787 478 and ask to be put through to Dayle Littlejohn.

 

Are GBP/EUR Rates Heading Back Above 1.30 (Matthew Vassallo)

GBP/EUR rates are creeping back up towards 1.30, following poor Eurozone Manufacturing & Services data released this morning. With the official reading coming out under expectation, the markets have reacted accordingly and the EUR has lost value as a result. This has continued the trend set last week, with Sterling gaining value due to the most recent referendum poll, which indicated the Remain camp had a clear lead. We also had poor Eurozone inflation data and this conspired to push GBP/EUR back above 1.30, although the Pound could still not find enough support to hold its position above that threshold.

Despite Sterling’s recent improvement there are still varying media reports arguing both for and against leaving the EU. These are likely to cause further uncertainty in the markets and this is unlikely support any major improvement for the Pound form the current positions. If we see a sustainable increase above 1.30 then the Pound may well find support around that level but under current conditions I still feel it may struggle to do this.

It’s a fairly sparse week in terms of economic data for both the UK and the Eurozone, so it’s likely Thursday’s UK Gross Domestic Product (GDP) will be of most interest to investors. It was the previous GDP release which boosted Sterling’s value, so it will be interesting to note whether this positivity is backed up by Thursdays official figure.

If you have an upcoming GBP or EUR currency requirement and would like to discuss the current market conditions and forecasts, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me on 0044 1494 787 478 and ask one of my team for Matt. Alternatively, I can be emailed directly on mtv@currencies.co.uk

Best Exchange rates to buy Euros with Sterling – 3 month high (Tom Holian)

Sterling vs Euro exchange rates traded at their best level to buy Euros since February this year.

The Pound gained huge strength against all major currencies this week following the release of an opinion poll which showed that the Remain camp are clearly in the lead meaning that a vote to leave the European Union appears unlikely.

This is one of the first polls that has shown a marked difference and this has provided Sterling with some welcome support.

UK retail sales this week came out much better than expected and this has also caused Sterling to hit these 3 month highs to buy Euros.

The Interbank level has been trading either side of 1.30 during today’s trading session and the currency markets appear to be trying to make up their minds which way to go next.

If we see some solid US data out this afternoon we could see Dollar strength which could result in Euro weakness. This could see Sterling exchange rates end the week on another high.

If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian teh@currencies.co.uk

 

 

Buying Euro exchange rates hit 1.30! (Joshua Privett)

For the first time since February, buying Euro exchange rates have moved above the 1.30 mark, after a few months of coming close but being unable to breach this magic resistance level for many Euro buyers.

The reason for this significant turnaround was a combination of two events yesterday. Firstly, the release of unemployment and wage growth data in the UK showed a significant turnaround from what had been a stagnant March.

Results from April were tallied and were now released this month for markets to react and trade to. It seems that the sunny intervals during April allowed seasonal industries dormant for the winter and early Spring to wake, increasing employment and wage growth simultaneously.

Furthermore, the release of the latest poll data has put the Remain camp even further ahead of their Leave counterparts than previously thought. This news has come together to translate into greater confidence in the Pound.

Today retail sales figures for the UK may provide a further boost, as shopping activity increased in line with the patchy summer weather of April.

Euro sellers may be seeing a turnaround sooner than expected in the run-up to the Referendum. I strongly recommend that anyone with Euros to sell should contact me on 01494 787 478 and ask the reception team for Joshua to discuss a live quote for your transfer.

These current levels for Euro sellers would have been classed as year-long highs to sell back in February and certainly shouldn’t be sniffed at, despite the market being lower last month. jjp@currencies.co.uk

EUR Loses Boost Sterling’s Value (Matthew Vassallo)

The EUR has taken a hit during Tuesday morning’s trading, following negative comments from ECB governing council member and head of Germany’s Bundes Bank Jens Weidman. He was extremely critical of the current monetary policy of the ECB and this seemed to knock investors’ confidence in the single currency. This in turn helped to drive Sterling’s value up but it was due to a lack of confidence in the EUR, rather than any real belief that GBP has turned a corner. There is also on-going concerns that Greece will soon be back in the spotlight, with figures showing that the Greek economy has contracted by 0.4%. There is very little room for manoeuvre when it comes Greece renegotiating its current deal with the IMF and any further setbacks could mean Greece will finally default and potentially have to leave the EU.

This has shifted market perception slightly and it is interesting to note that these gains for the Pound came about despite some worse than expected UK inflation figures this morning. The EUR has found some support over the last hour and despite these latest developments, I’m still not convinced this support for Sterling is sustainable. The upcoming EU referendum continues to dominate headlines and the uncertainty it is creating will continue to be a shackle around any Sterling improvement.

If you have an upcoming GBP currency requirement and would like to discuss the best options for your exchange, then please feel free to call me on 0044 1494 787 478 and ask one of the team for Matt. Alternatively, I can be emailed directly on mtv@currencies.co.uk

Economic data releases this week impacting GBPEUR exchange rates (Dayle Littlejohn)

The main talking point for economic data releases this week is Consumer Price Index numbers for the UK and Eurozone.

Tuesday morning the UK releases their numbers. Last month this data release gave support for the Pound due to a healthy rise. I expect this figure will be released the same as last month and therefore be a non-event.

Eurozone release their inflation numbers Wednesday morning. The ECB have been trying to combat inflation over the last 12 months by cutting interest rates and pumping stimulus into the economy however inflation has remained a worrying low. If this figure disappoints again, we could see a spike in the favour of euro buyers.

Wednesday morning the ECB release their latest Monetary Policy meeting accounts. If there is any discussion of further interest rate cuts, which would consequently mean negative interest rates, again expect another spike in the favour of euro buyers.

Its looking like as for economic data this could be a good week for Euro buyers HOWEVER, with the EU referendum only 6 weeks away I expect the pound to lose ground week by week. Therefore if you have Euros to pay and we see a spike this week, I believe its worth taking advantage of.

If you are looking to buy or sell Euros this year (especially before June 23rd), the currency company I work for enables me to achieve clients up to 5% better exchange rates than the high street banks and other brokerages. I specialise in property purchases and sales.

Therefore if you are buying or selling a property this year and want to save money by achieving the best possible exchange rates but also want help in timing your transfer, get in touch by emailing me on drl@currencies.co.uk. Alternatively if you would like to discuss your requirements over the phone call 01494-787478 and ask to be put through to Dayle Littlejohn

The more information you provide me, the more information I can provide you. Below is a list of what I require: your name, currency pair, brief description of requirement, amount, budget, timescales, telephone number and convenient time to call.

Inflation Data to set the tone for GBPEUR exchange rates this week (Tom Holian)

Sterling Euro exchange rates are in for another tough week ahead when inflation data is released in the UK on Tuesday and the Eurozone on Wednesday.

The UK Quarterly Inflation Report which was published last week showed signs that inflation is worryingly low and with the Consumer Price Index due to be published on Tuesday morning if we see the figure lower than the estimate of 1.5% year on year then this could see a big fall for Sterling vs the Euro.

Indeed, although all 9 members of the Bank of England voted to keep interest rates on hold to me it’s only a matter of time before one or two of the members look at cutting rates to combat falling inflation.

Wednesday’s inflation data for the Eurozone could provide evidence which supports the recent monetary policy intervention by the European Central Bank to extend and add further QE earlier this year. The ECB have been quite bullish in using QE as a tool to stop falling inflation and I think this could see Euro strength if the data is positive.

On Wednesday UK unemployment data is released and although this has been one of the shining lights in recent times for the British economy with the ongoing fears of a Brexit vote I think we could see unemployment figures coming out lower than expected.

Overall I think we could see Sterling falling vs the Euro during next week.

If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian teh@currencies.co.uk

 

 

Major Figures Give Their Opinion on Brexit

Sterling finished the day with a rise as the rate improved to well over 1.27, considering there was no new data released for the UK this has mainly been attributed to the negative EU GDP data. The Eurozone GDP missed expectation by 0.1% for both Month on Month and Year on Year forecasts.

The current boost for Sterling seems to disregard the sentiment that the GBP/EUR should really be falling as the uncertainty regarding the referendum creeps ever nearer. Mark Carney yesterday did not hold back when discussing the potential dangers of the Brexit. He made it clear that he believed the UK could enter into a recession if the Leave campaign proved winner. Today Christine Lagarde, Head of the International Monetary Fund, suggested that should the UK leave the consequences will be “pretty bad, to very, very bad”. Without holding back Lagarde went on to say she had “not seen anything that’s positive” about a Brexit.

Next week there is a large amount of data being released for the UK that could have a major impact on the currency markets. It almost seems that the Brexit has initially been priced in and investors are content with the current rate. The GBP/EUR rate has stayed between the 1.25-1.27 range in the last 10 days and this could continue moving forward.

If you would like to discuss anything mentioned in the blog above please feel free to reach out to me at brf@currencies.co.uk.

GBP Steady after Mark Carney Comments (James Lovick)

The pound is receiving mixed signals after strong rhetoric from the Bank of England governor Mark Carney yesterday who spoke in detail about the future UK outlook. Economic growth is expected to slide and this has already been seen in the weaker GDP numbers for the first quarter of 2016. However it was his comments surrounding the referendum on Europe which were most interesting. He made clear in no uncertain terms that there was a risk for the UK outlook if Britain were to come out of the EU. Whilst there was little market reaction as you would expect (of course there is uncertainty surrounding a Brexit), it did highlight that even if economic growth falls and there was even a technical recession, the economy would still move on. Mark Carney said that the Bank would so everything required if necessary and in my view that would most likely result in an interest rate cut from 0.5% to 0.25%. This is likely to keep the pressure on the pound going forward. Expect more volatility for sterling exchange rates as the referendum campaigning really pushes forward with another 41 days to go until 23rd June. EU GDP numbers this morning are likely to have a major impact on the Euro this morning and a weak number could see a wave of Euro weakness.

If you have an upcoming GBP or EUR currency requirement either buying or selling and would like to be kept up to date with key market movements, or simply wish to compare our award winning exchange rates then please feel free to contact me on 0044 1494 787 478 and ask one of the team for James. Alternatively you can email me directly at jll@currencies.co.uk

Mark Carney warns the UK could enter recession (Dayle Littlejohn)

Today Governor of the Bank of England Mark Carney has announced if the UK were to leave the European Union he believes the UK would enter recession. Mr Carney has made it clear in recent weeks the UK should remain part of the European Union therefore i’m not sure if his comments are just a tactic to win votes.

Nevertheless these comments just show its only a matter of time until both campaigning parties start to state their case to why the UK should stay or leave the European Union and the volatility will therefore weigh down on the Pound and GBPEUR rates will fall.

Two weeks ago David Cameron played his trump card in Barack Obama and rates spiked to 1.29 however they have been falling ever since and I expect this trend to continue. If you have euros to buy trading sooner rather than later may be wise, where as if you are selling Euros to buy Pounds holding on for an extra 4-6 weeks would be my strategy.

If you are looking to buy or sell Euros this year (especially before June 23rd), the currency company I work for enables me to achieve clients up to 5% better exchange rates than the high street banks and other brokerages. I specialise in property purchases and sales. Therefore if you are buying or selling a property this year and want to save money by achieving the best possible exchange rates but also want help in timing your transfer, get in touch by emailing me on drl@currencies.co.uk.

The more information you provide me, the more information I can provide you. Below is a list of what I require: your name, currency pair, brief description of requirement, amount, budget, timescales, telephone number and convenient time to call.

Alternatively if you would like to discuss your requirements over the phone call me Monday morning on 01494-787478 and ask to be put through to Dayle Littlejohn.

 

GBP Unsettled after Mark Carney Comments

The pound is seeing high volatility at present as the markets continue to digest the ongoing political drama surrounding Brexit and what the governor of the Bank of England Mark Carney said today. The Bank of England meeting today highlighted that all 9 members decide to maintain policy with no interest rate cuts as was widely expected. What was most interesting was Mark Carney’s comments about the referendum and his vision that Britain would lose out in economic growth terms if it does come out of the EU. His words were very clear. My view is that the pound will lose more ground as we approach 23rd June and as we hear more from the Leave campaign this too will impact on the pound.

Meanwhile in the Euro-zone industrial production figures remained in negative territory and were considerably worse than expected adding to the single currency’s woes. EU GDP released on Friday is likely to be a big market mover. Expectation is for GDP to remain at 0.6% on the quarter although anything less will be damaging for the Euro. For anyone buying Euros there could be a short term spike tomorrow.

If you have an upcoming GBP or EUR currency requirement either buying or selling and would like to be kept up to date with key market movements, or simply wish to compare our award winning exchange rates then please feel free to contact me on 0044 1494 787 478 and ask one of the team for James. Alternatively you can email me directly at jll@currencies.co.uk

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 the value of the underlying currency, and with the most recent polls suggesting that the ‘Leave’ campaign is gathering up steam since the beginning of May, I’m expecting further weakness in the value of Sterling in the lead up to the Referendum.

There was further negative news for Sterling bulls yesterday as the NIESR (National Institute of Economic and Social Research) suggested that GBP could fall a further 20% in the event of a ‘Brexit’, and also it was announced that as of late, the campaigns for Britain to leave the EU have received more financial donations than their opponents.

Later today at 12 GBP exchange rates could swing in either direction as we have a number of important news releases scheduled. The latest Bank of England Interest Rate Decision, Monetary Policy Statement and Minutes Speech are all due around that time so anyone with an interest in the rate of GBP exchange rates should keep a close eye to the markets around that time.

If you are planning to use GBP to buy a foreign currency it may well be worth your time getting in contact with me (Joseph Wright) on jxw@currencies.co.uk 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.

Sterling Exchange Rates Fall after Factory Output Falls

The pound has taken losses today following weak industrial and production figures which have shown factory output has fallen to their lowest levels in 3 years. Some might say this is a direct result of the Brexit referendum although my view is that the reason is far more simple than that. It is most likely as a result of downturn in these sectors in a global economy which is not performing well. The referendum may have put off some business decisions but the real problems with economic growth are more deep rooted. This is what the Bank of England must be thinking and should be concerned by the recent weakening in GDP which fell to 0.4% as per the official figures. The Bank of England meeting on Thursday is paramount although no change is expected. The Bank is much more likely to sit tight and see how the referendum plays out. The bank would not want to change policy at such a fragile time especially if it needs to take action in a post Brexit scenario.

The UK referendum takes centre stage now with another 42 days to go. My view is that GBP EUR has some way to fall and buyers of Euros should take note. High volatility in the run up to this referendum is expected. For anyone selling Euros there are likely to be some interesting times and better exchange rates.

If you have an upcoming GBP or EUR currency requirement either buying or selling and would like to be kept up to date with key market movements, or simply wish to compare our award winning exchange rates then please feel free to contact me on 0044 1494 787 478 and ask one of the team for James. Alternatively you can email me directly at jll@currencies.co.uk

Sterling Awaits a Volatile End to the Week

The next few days will bring a huge amount of data from both the EU and the UK. However most significantly tomorrow there is an interest rate decision from the Bank of England. Whilst the decision is not expected to accumulate in a change in interest rates, there will be market volatility.

The minutes from the meeting will reveal the current sentiment of the nine members of the Monetary Policy Committee and their thoughts moving forwards.

On Friday there will be GDP figures released for Germany, Italy, Spain as well as the Eurozone itself. Generally if there is positive trends from the nations using the Euro then there is an expectation the Euro will strengthen. On the reverse side if the data is poor there is a chance of Sterling strength. The EU GDP is expected to stay the same whilst Germany is expected to release a weakening of GDP.

If you are looking to purchase Euros in the coming few days you may have a good window of opportunity at the end of the week. I believe it may be possible for the rate to move towards a buying level of 1.27.

If you would like to find out any further information with regards to my forecast please email me at brf@currencies.co.uk.

GBP/EUR Key data releases this week (Daniel Johnson)

The Pound has lost value against  the Euro as of late. There has been a variety of poor data from the UK which has weakened Sterling.  The main factor in any GBP/EUR trade the moment is possibility that the UK may exit the EU . The reason for recent poor data I feel is a direct result of the EU referendum. The uncertainty it has created is pushing away investors.  A  poll in the Economist  has the Leave camp ahead at 41%, the remain camp just behind at 40% and the remainder undecided. There will be a lot of volatility on GBP/EUR  up until voting day on 23rd June.

Keep an eye on manufacturing production and industrial production in the UK released at 08.30 tomorrow.  I would expect to see a contraction which could weaken Sterling further. At 11.00 on Thursday we  have the Bank of England interest rate decision. It is very doubtful there will be any change and I would also be surprised to see any change in the monetary policy committee’s vote.

If you have a currency requirement I would be happy to assist. If you have to perform a trade in the build up to the EU referendum it is vital you speak to an experienced broker. There are contract options available which can help to maximise your return. I specilaise in property and commercial trade and I am in a position to beat the banks exchange rates by as much as 5%.  Please provide me a ball park figure as to the amount you wish to trade, the currency in which you wish to trade and the time scale you have to perform your trade and I will provide an individual trading strategy to suit your needs. Feel free to contact me on dcj@currencies.co.uk for a quote. If you would like to find out more about the company I work for, visit our website at www.currencies.co.uk.

Boris Johnson gets the upper hand on David Cameron (Dayle Littlejohn)

With limited economic data releases today for the UK and the Eurozone all eyes turned to UK Prime Minister and Former Mayor of London Boris Johnson.

Both Conservative members have their own opinion in regards to why we should stay or leave the European Union however after both speeches GBPEUR exchange rates dropped over 3/4 of a cent. In my opinion this shows the ‘out’ campaign have had a good day campaigning.

With the referendum vote now less than 2 months away, I expect GBPEUR exchange rates will continue to suffer. If you have Euros to buy before June 23rd I would recommend getting in touch to discuss your options.

Later this week the UK release Manufacturing and Production numbers. Again its not good news for euro buyers as the consensus is for another drop because orders have haltered due to the upcoming referendum.

If you are looking to buy or sell Euros this year (especially before June 23rd), the currency company I work for enables me to achieve clients up to 5% better exchange rates than the high street banks and other brokerages. I specialise in property purchases and sales. Therefore if you are buying or selling a property this year and want to save money by achieving the best possible exchange rates but also want help in timing your transfer, get in touch by emailing me on drl@currencies.co.uk.

The more information you provide me, the more information I can provide you. Below is a list of what I require: your name, currency pair, brief description of requirement, amount, budget, timescales, telephone number and convenient time to call.

Alternatively if you would like to discuss your requirements over the phone call me on 01494-787478 and ask to be put through to Dayle Littlejohn.

 

 

 

Sterling Euro rates set to fall next week? (Tom Holian)

Sterling Euro exchange rates had a poor end to the week and with just less than 2 months to go before the UK goes to the polls to decide whether or not to stay in the European Union it is likely that Sterling exchange rates will remain uncertain.

The polls are currently very close and although the Remain campaign looks to be leading the UK economy has clearly started to falter in recent times.

During the week UK Manufacturing data showed its lowest level in 3 years as overseas orders have reduced owing to the uncertain political situation.

Next week the UK announces industrial production data on Wednesday and I think we could see further negative news causing Sterling to weaken against the Euro.

Arguably the most important day for Sterling Euro exchange rates will be Thursday when the UK Quarterly Inflation Report is published closely followed by the latest Bank of England interest rate decision.

Falling inflation is a global concern for central banks and if inflation is predicted to fall lower then this could influence the BoE when they announce interest rates.

If we see any of the members voting for an interest rate cut then we could see Sterling fall vs the Euro as it shows that the UK economy is remaining under pressure.

Eurozone GDP is released on Friday and with data in the Eurozone showing signs of recovery in recent months then I would not be surprised to see this data come out better than the expected 1.6% year on year prediction.

If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian teh@currencies.co.uk

 

 

Sterling Rallies against the Euro (Daniel Johnson)

Over the last few days we have seen poor data releases for the UK on both services and manufacturing. GBP/EUR dipped into the 1.25s. GBP/EUR will be extremely volatile up until the EU referendum on 23rd June.  We have seen a brief rally for Sterling with rates hitting 1.27.Euro sellers I would be looking to move if GBP/EUR hits the low 1.26s, buyers high 1.27s, low 1.28s. To wait until after the referendum is a massive gamble with HSBC predicting parity with a Brexit. Personally I think this may be fear mongering as they definitely would take a hit. Realistically maybe 1.10.If the UK remain I would expect to see GBP/EUR around the 1.35. Hedging should definitely be considered.

If you have a currency requirement I would be happy to assist. I will provide a free individual trading strategy and beat any bank’s rate of exchange. Please do get in touch at dcj@currencies.co.uk.

Sterling Falls after Weaker Construction Data

The pound has clearly lost some of its recent shine following poor manufacturing data earlier in the week and construction numbers from yesterday. Construction has now fallen to a 3 year low highlighting there are some cracks in the UK economy. Services sector data released today whilst not performing badly has come out worse than expected and which should keep the pressure on the pound. It all points to a weakening in UK GDP which may still be revised down to 0.3%. Data is light for UK data as we end the week but next week however should be particularly important for sterling exchange rates with the Bank of England meeting on Thursday. There is likely to be reference to the EU referendum from Mark Carney which could drive the markets.

Clients who are selling Euros could see some excellent opportunities in the coming weeks as we approach the EU referendum 23rd June. My view is that the pound will suffer falls in the run up to the referendum which should present anyone selling Euros with some even better exchange rates than are currently available. The EU referendum is going to be the largest driver for exchange rates over this period and unless there are any major economic changes then this is unlikely to alter. Immediately after the referendum outcome there will of course also be heightened volatility although the focus should for the time being be on the market opportunities that present themselves in the run to 23rd June. The Leave campaign have produced very little to date and assuming this is a tactical move then expect major headwinds for the pound going forward.

If you have an upcoming GBP or EUR currency requirement either buying or selling and would like to be kept up to date with key market movements, or simply wish to compare our award winning exchange rates then please feel free to contact me on 0044 1494 787 478 and ask one of the team for James. Alternatively you can email me directly at jll@currencies.co.uk