Tomorrow’s UK GDP Figures Key for Sterling Exchange Rates! (Matthew Vassallo)

Tomorrow’s UK Gross Domestic (GDP) figures are likely to be key for any clients holding Sterling or Euro. With the expectation for 0.3% growth I expect additional volatility on GBP/EUR exchange rates if the figure comes outside of this remit.

Sterling had started to regain some ground against it’s EUR counterpart but fell away during yesterday’s trading. Rumours surfaced ahead of Bank of England (BoE) governor Mark Carney speech that he was going to take a dovish tone, which the markets immediately took as a negative and this ended the Pound’s mini recovery.

Whilst his comments were not overly positive he did mention a prospective interest rate hike due to UK Prime Minister’s prospective policy changes and this helped boost Sterling’s value and eliminate some of the afternoon’s losses.

GBP/EUR rates dipped to a low of 1.1132 but recovered back towards 1.12 following Carney’s speech. We’ve seen Sterling threaten a mini recovery on more than one occasion and European Central Bank (ECB) president Mario Draghi’s speech also curbed any further Sterling advances, as he commented on the current Quantitative Easing (QE) programme and how he felt it was having a positive effect.

I just feel that under the current market conditions the Pound will struggle to make any sustainable impact until at least next year, when key political elections and other factors in the Eurozone may start to drag the EUR value back down. If I was holding EUR I would still look to protect the gains I’d made and with a key data release tomorrow for the UK (UK Gross Domestic Product figures released at 09.30), I expect to see further market movement during Wednesday’s trading.

If you have an upcoming Sterling or Euro currency exchange to make and you are concerned by the increased market volatility of late, it may be wise to look at protecting the gains you’ve made, rather than gamble on what has become an increasingly volatile and unpredictable market.

If you would like to be kept up to date with all the latest market movements ahead of your currency exchange, 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 the team for Matt. Alternatively, I can be emailed directly on


Buying Euro rates tumble from market sensitivity (Joshua Privett)

Buying Euro rates slid heavily today in the run up to a House of Lords Treasury Committee hearing with Bank of England Governor Mark Carney.

The bread and butter of what markets were hoping for was some kind of indicationas to what Thursday’s growth figures for the UK economy may manifest as.

In the run up to the event a nervous market was on full show, with drops appearing for all of Sterling’s major currency pairings. Euro buyers are lucky that the net difference today was only 0.5%.

It seems that most investors in commercial markets were keen to relieve themselves of any risk ahead of the event itself so sold Sterling off in droves to protect themselves. Unfortunately, with Sterling’s value lowering through decreased demand, this hurt anyone with a private Euro purchase.

Furthermore, on Thursday we have the first look at UK growth figures since the Referendum, and markets will be looking to see just how close to recession the UK currently finds itself in.

Market expectations are for a fall down to 0.3%, which has more than halved on what was previously a relatively slow quarter in the run up to the Brexit vote anyway.

Euro buyers may be wise to move sooner rather than later an avoid a nervous market undercutting their chances to continue buying Euros around the 1.10 mark.

My opinion has not changed and as such I strongly recommend that anyone with a buying Euro requirement should contact me on to discuss a strategy on how to protect your upcoming transfer from any adverse movements and maximise your currency return with what is available in this current marketplace.

I have never had an issue beating the rates of exchange on offer elsewhere, and as such a brief conversation could save you thousands on an upcoming transfer.

You can also contact me on the form below whilst markets are quiet overnight and I will respond to you as soon as I am able.

What will happen to the GBPEUR rate next?

Today we learn of key information on the GBPEUR rate with two important speeches from Mario Draghi and Mark Carney. The outlook on GBPEUR remains fairly subdued for Euro buyers with I believe a strong prospect of further sterling weakness. The speeches today will help to provide some clarity on just what we can expect, personally I would not be expecting too much good news if I was buying Euros with pounds although there is some more data later this week which might help you if you are buying Euros with pounds.

The rate has fallen from its lofty heights of almost 1.20 6 weeks ago as investors learn of the UK’s apparent approach to the Brexit negotiations. Most commentators suggest Theresa May will be opting for more of a hard Brexit since trying to control the UK borders is incompatible with access to the single market. Just what kind of deal lies ahead we cannot tell for sure but it seems that it will not be one that is beneficial to sterling in the short term.

This Thursday is the latest UK GDP (Gross Domestic Product) data for the UK where we will earn of the latest news for the UK economy for Q3. This release is the latest release and the most up to date snapshot for the UK economy in this period. Expectations are for a slight decline in the rate of growth but hopefully no contraction. Whilst some areas of the economy struggled others performed well but overall it would appear activity will have been lower.

Despite the figures coming in lower the fact that they will still show the UK economy grew will I believe provide a temporary lift in the pound which could be supportive for anyone buying Euros with pounds. If you need to buy or sell the pound and the Euro I am your personal account manager here to help with any transfers you will need. For more information on the future direction of the rates and the planning and management of your deal please contact me Jonathan directly on

Sterling Falls ahead of Mark Carney Speech and UK GDP Numbers (James Lovick)

The pound has slipped marginally lower against the Euro as uncertainty over Britain and its future trading relationship with the EU remain firmly in focus. Rates for GBP EUR have dropped almost 0.25% lower.

Tomorrow is important with speeches from Bank of England Governor Mark Carney and ECB President Mario Draghi and there could be high volatility on the back of their comments. This is unusual to have these two voices speaking on the same day other than the usual monetary policy meetings, which are always held on a Thursday, not a Tuesday. They obviously have something to say….

Buyers of Euros should also be aware of the UK GDP numbers released on Thursday. The markets are expecting a fall to 0.3% in Quarter 3, down from 0.7% in Quarter 2. This is the economic data release that everyone has been waiting for and will certainly make front page news. If it is a weak number then those who campaigned for Remain in the Brexit vote will say “We told you so!” whilst the Brexiteers on a stable or even positive number will ask “what was all the fuss about?”

My view is that there will be a small but noticeable deterioration on the GDP numbers. I don’t think it will be as bad as many have forecast. Consumer confidence in my view is still very positive and the high streets are busy. Anything positive would be a huge boost for the pound and there could be a good spike for clients needing to buy Euros.

Clients who are buying Euros continue to feel the pinch and the outlook is not set to get better in the short term. There are short term opportunities and this week has a couple of events which may see market movement. If you have an upcoming EUR currency requirement either buying or selling and would like to be kept up to date with all the latest market movements, 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 the team for James. Alternatively, I can be emailed directly on

Uncertain times ahead for Sterling vs the Euro and the impact of the EU Summit (Tom Holian)

Sterling Euro exchange rates have improved marginally this week but have also seen big swings caused by political influence which seem to be driving exchange rates since the Brexit vote back in June.

UK inflation came out higher than expected at 1% which saw a brief improvement for the Pound but then yesterday’s comments from ECB president Mario Draghi caused Sterling to fall dramatically against the Euro.

During Draghi’s press conference he suggested that the ECB could look at tapering their current QE programme and that this will be discussed again at their next meeting in December.

Currently UK Prime Minister is at the EU summit discussing their position within the European Union and she has pledged to continue to ‘work closely’ with the EU after Brexit.

With May now having been the Prime Minister for 100 days in her time we have really seen big falls for Sterling and typically when she has spoken this has caused the Pound to fall so I would not be surprised to see further negative movements for Sterling vs the Euro over the course of this summit.

Clearly the leaders in Europe do not want the UK to leave the European Union and they have previously stated that they will make it difficult for the UK to part company from the EU.

Therefore, with a few months to go before Article 50 can be triggered I think we’ll be in for an uncertain future ahead and this is likely to be reflected in the value of Sterling.

Indeed, a lot of large British banks have all forecast Sterling to fall and I’m inclined to agree.

Having worked in the foreign exchange industry since 2003 I am confident of being able to offer you bank beating exchange rates and also help you with the timing of your transfer.

For further information or for a free quote when buying or selling Euros then contact me directly and I look forward to hearing from you.

Tom Holian

Alternatively fill in the form below

GBP/EUR – Up and down like a cork in a bath tub (Daniel Johnson)

Pound Forecast

Sterling rallied against the Euro yesterday to 1.12 following positive  unemployment data from the UK. Today saw Mario Draghi’s speech after the European Central Bank’s interest rate decision and there was high volatility on GBP/EUR ranging from 1.1074 to 1.1215, thankfully  it now sits back above 1.12.

Many analyst are predicting 1.05 by December. I am not quite so pessimistic  but I would still be thinking about making my transfer if I had to buy euros short to medium term. current levels are the best since the fat finger flash crash two weeks ago.

Theresa May could cause further volatility as speaks at the European Summit as she is likely to be grilled about Britain’s exit strategy from the EU. I think in order for the pound to rally we will need to see article 50 triggered and decisive action taken in regards to trade negotiations. There will be an initial fall and then as trade negotiations become closer to completion there will be the opportunity for a slow,steady rally for the pound.

There will be opportunities for Euro buyers over the coming months, the market never moves in one direction, but it is vitally important to be in touch with an experienced broker to take advantage when a window of opportunity presents itself. I am confident I can beat any competitors rate of exchange and will be happy to assist with your currency requirements. Please do get in touch by e-mailing me at

An important day for Euro exchange rates (Dayle Littlejohn)

With the ECB set to release their latest interest rate decision this afternoon and President Mario Draghi’s press conference shortly after today could dictate euro exchange rates for the weeks ahead.

With interest rates at 0% I would be surprised to see any further cuts from the European Central Bank however all eyes will turn to Mr Draghi and his future plans in regards to the Quantitative Easing program that finishes March 2017.

Quantitative Easing is where a central bank buys assets which are normally  The central bank introduces a new money supply into the economy. The theory behind quantitative easing is to stimulate the economy however the currency does lose value.

If Mr Draghi does decide to extend the Q.E program I would expect major euro weakness however in my opinion an extension is very unlikely until early next year.

Short term I expect the ECB to keep their cards close to their chests and bat off questions from reporters about any extensions. Therefore the major talking point that should continue to impact GBPEUR exchange rates should be the Brexit.

UK Prime Minister has stated a Brexit will occur in March 2017 and this has been the main reason why the pound has lost value over the last two weeks. Looking ahead I expect the pound to continue to devalue and GBPEUR exchange rates to drop off. For euro buyers this year, a trade sooner rather than later is sensible. If you do not have all of your sterling available a contract that may interest you is a forward contract, which allows you to fix exchange rates now and pay later.

For more information in regards to the currency market, forward contracts or how I can achieve you the best exchange rates, feel free to email me with your requirements, timescales, the best number to reach you on and I will give you a call to discuss your options

** 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 a few minutes and in the past I have saved clients thousands! **

Sterling Rallies Against the EUR – Will the Current Trend Last? (Matthew Vassallo)

Sterling battled back during Tuesday’s trading, giving those clients holding Sterling some much needed respite after weeks of seeing their Pounds lose value.

GBP/EUR rates moved back above 1.12 at the high, following a host of better than expected UK inflation data released yesterday morning.

All eyes will now switch to this morning UK employment data, with the official unemployment rate released at 09.30. With the figure expected to remain unchanged at 4.9%, expect additional volatility on GBP/EUR exchange rates if it comes outside of this remit. If we see a figure below the 4.9% I would expect Sterling to find further support and a move back towards 1.13 is certainly feasible but anything above this and the Pounds recent gains are likely to be wiped out.

The Pound did find support around 1.10 so I think we would need to see an extremely poor figure in order to fall back to this level or below but with further key data releases coming up this week, anyone with a GBP/EUR position should be keeping a close eye on market developments.

Looking ahead and tomorrow we have the latest European Central Bank (ECB) interest rate decision and this is likely to have a big impact on the short-term outlook for clients holding both GBP and EUR. Whilst it is widely anticipated that rates will be kept on hold at 0%, it is ECB president Mario Draghi’s subsequent press conference that is likely to have the most impact on exchange rates, as any indication of a future rate cut or hike, along with any bullish or dovish statements about the Eurozone economy will more than likely drive the amkrets over the coming days.

Based on recent mixed messages I would not be prepared to gamble on the outcome of this. Those clients holding EUR still sit close to a five year high against Sterling and these levels, in such an uncertain climate should be protected and taken advantage of.

Similarly those clients holding Sterling will be buoyed by yesterday’s move, which on a £200,000 GBP/EUR exchange will have gained them approximately 2,500 EUR more than it would have on Monday.

If you have an upcoming GBP or EUR currency requirement the current levels are a stark reminder as to how important it is to be kept up to speed with key market movements, ahead of any prospective currency exchange. The current levels may not be around for long as the currency markets can move aggressively and without prior warning and this is where a proactive broker can help you time your trades and maximise your currency transfers.

If you would like to be kept up to date with all the latest market movements, 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 the team for Matt. Alternatively, I can be emailed directly on

Buying Euro rates improve thanks to UK inflation…what next? (Joshua Privett)

Buying Euro rates have improved heavily today back above 1.12 thanks to improved inflation levels for the UK economy. Inflation is a measure of price change and a healthy targe is set at 2% rate of inflation each year.

The UK and the world as a whole have been struggling with inflation for some time. Before the Leave vote UK inflation for the year was stuck at around 0.6%, yet this has now almost doubled to 1% and is set to improve further.

The two main benefits for the UK economy is that this firstly means citizens in the UK will be spending more for one which tends to translate into greater confidencein business activity.

Secondly it makes it less likely there will be a further interest rate cut in the UK economy, which was previously hinted atby members of the Bank of England last month.

Tomorrow is the key event in the marketplace this week for anyone with an interest in buying or selling Euros – the European Central Bank interest rate decision and subsequent Monetary Policy Statement and press conference.

The reason why markets are expecting some form of action at some point it that the ECB’s emergency quantitative easing program which began last year will run out by March, with the cap set at 1.7 trillion needing to be raised if it is deemed necessary. If this is confirmed this will likely caused a similar deterioration in the Euro’s value compared to last January and finally admit to markets that the ECB are worried about the long-term prospects of the Eurozone economy in the face of some serious issues floating about at the moment. The Italian banking crisis and the prospective bail out of German Banks to name but a few.

Positive inflation figures for the Eurozone released on Monday however, suggest that Mario Draghi, the head of the European Central Bank does not need to be hasty and may continue to hold fire and see how the aftermath of the Brexit vote unfolds and make a decision later in the year.

In the past this has spelt slight Euro strength when such emergency action is staved off, so if Euro sellers are aiming for an opportune moment this week, Thursday lunchtime could provide a period of opportunity to counteract a currently strengthening Pound.

I strongly recommend that if you have a Euro buying or selling requirement to contact me overnight whilst markets are quiet on to discuss a strategy for your transfer in order to maximise your currency return.

I have never had an issue beating the rates fo exchange on offer elsewhere, and these current buying levels can be fixed in place for anyone planning a foreign currency transfer later in the year and are worried about adverse falls against their favour.

You can also fill out the form below and I will be in contact as soon as I am able to.

Will GBPEUR go higher?

GBPEUR rates could actually get a small lift this week as we learn of some important economic data and personally I think there is some potential we could see GBPEUR rates higher towards the end of the week. The are three main pieces are economic data which could lift the rates, either supporting the pound or weakening the Euro or perhaps both. Make no mistake the ball is firmly in the court of those looking to sell Euros for pounds but anyone looking to buy Euros with pounds needs all the help they can get right now.

UK economic data has actually been fairly robust since the Brexit vote with the economy growing and some areas such as Manufacturing benefiting from a weaker pound. The upshot for the economy overall has been better than expected but of course it is the political concerns and the prospect of what lies ahead which is the overriding factor. This was witnessed in the first week of October when a 2 year high on Manufacturing output was lost amidst the breaking news of Theresa May’s apparent decision to seek a ‘hard’ Brexit. Sterling crashed and very few took any notice of the good news on the Manufacturing data that same week.

Despite this some data will I believe have the potential to provide some small spikes in the value of sterling by reflecting that overall Brexit hasn’t so far been the disaster many had predicted. Today we have Inflation data and tomorrow Unemployment for the UK , both of which could help the pound slightly. These are post Brexit vote data releases and will reflect the period following the vote which should attract lots of attention. Thursday attention turns to the Eurozone with the latest ECB (European Central Bank) meeting which may see some discussions of QE (Quantitative Easing) which may unsettle the Euro.

GBPEUR rates may find some improvements if this data goes your way but waiting until these days could be too late. Even if you don’t need to transfer funds today making some plans in advance is usually the best way to reduce your risk and stress! As specialist foreign exchange brokerage we can provide all the information and tools you need to make an informed decision on the markets.

Life has been cruel for Euro buyers and this might finally be some good news which can help you to purchase Euros at a better rate than is currently available.

The author is Jonathan Watson, Chief Analyst and Associate Director at one of the UK’s largest private currency brokerages. You can contact Jonathan directly with your enquiries  by email on for more information at no cost or obligation.

Sterling continues to fall against the Euro owing to Bank of England comments (Tom Holian)

Bank of England governor Mark Carney has spoken out this morning claiming that inflation is likely to rise owing to the fall in the value of the Pound.

We have already experienced ‘Marmite-Gate’ with Unilever and Tesco unable to agree who would front the cost of the rise in ingredients but this has now been resolved.

However, this issue could occur across the entire retail and food industry if Sterling vs the US Dollar remains as low as current levels. The rate to buy US Dollars with Sterling is now at the lowest level in 3 decades and until the Pound gains strength we could see the UK economy struggle.

Mark Carney has also suggested that it wasn’t the Bank of England’s job to concentrate on the value of Sterling but that ‘we are not indifferent to it, it matters to the conduct of monetary policy.’

Therefore, clearly the central bank is not too fussed by the drop in the value of Sterling and are targeting the ongoing problem of inflation. With the Bank of England due to meet next month we could even see an interest rate cut and this could cause Sterling to fall even further against the Euro.

Indeed, since the rumours started as to when Article 50 will be triggered we have seen Sterling drop by over 9 cents against the Euro which is the difference of £6,750 on a currency transfer of €100,000.

If you’re in the process of buying a property in Europe before the end of the year it may be worth looking at buying a forward contract which allows you to fix an exchange rate for a future date for a small deposit.

Having worked in the foreign exchange industry since 2003 I am confident of not only offering you a better exchange rate when it comes to buying or selling Euros compared to using your own bank but to also help with the timing of your transfer.

If you have a currency transfer to make and want to save money on exchange rates then contact me for further information or for a free quote and I look forward to hearing from you.

Tom Holian

Alternatively fill in the form below


Will Sterling continue to decline and can we expect to see parity with the Euro? (Joseph Wright)

One pattern we’ve seen between Sterling and Euro since the Brexit vote is whenever there has been talk of a ‘Hard Brexit’ the Pound has weakened, as this is because many had hoped for a long drawn out period of negotiations but those hopes are now fading fast.

This so called ‘Hard Brexit’ is currently in the news once again as yesterday evening the European Council President Donald Tusk said that the only alternative to a ‘Hard Brexit’ would be no Brexit, and the Pound have softened slightly off the back of this announcement as has usually been the case.

Tusk warned the UK that the EU will not compromise on its insistence that freedom of movement will be a condition for Britain’s access to the single market.

The reason for the above explanation is that its likely to weigh on the pounds value as we approach the invocation of Article 50 next year towards the end of March. This is a key date as from the date that Article 50 is invoked, the UK will have 2 years to have separated from the EU .

A number of major financial institutions such as Unicredit and HSBC are outlining 1 for 1 between GBP and EUR in the upcoming months and HSBC suggested that the par will be trading at this level towards the end of next year.

If you are planning a currency exchange between Sterling and the Euro, it’s worth your time getting in contact with me on 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 at 168 year low!

The pound has fallen further against the Euro as expectations over the outcome of the Brexit are realised and markets do not like what they see! If you are looking to buy or sell the pound against the Euro making some plans in advance is key to understanding what lies ahead, most clients looking to buy Euros should really be looking to buy sooner as the expectation is for further weakness on the pound.

Supermarkets are now poised to struggle as Tesco reports it is no longer stocking certain items as the value of the pound plummets so fast suppliers costs rise. This is the result of a weak pound and is likely to continue further in the coming weeks as investors brace themselves for a tough few weeks. The complexities and costs of Brexit are significant, the challenges ahead are huge and will not be quickly solved.

If you wish to get a detailed analysis of the market and all of your options please speak to me Jonathan by emailing I work as Chief Analyst and Associate Director for the UK’s largest privately owned currency brokerage and am very well placed to provide the guidance and support you will need to get the best rates.

Expectations for the pound to lose further value are high, the Euro is performing quite well owing to an improved economy. The big news on this pair aside from Brexit could be next week’s important Eurozone data. If you have a transfer to make and wish for some information and advice please speak to me on the email above.

Sterling finds support following Theresa May’s comments

After GBP EUR rates initially fell to 1.095 during yesterday’s trading, Sterling opened the day trading 2 cents higher against the Euro following Theresa May’s promise to include parliament in Brexit talks. This has helped boost the value of Sterling and allows for better and more open discussions around the UK’s future outside of the EU.

Much of the recent losses for Sterling were likely triggered by Theresa May’s hardline approach to Brexit, as well as her unfavorable decision to keep parliament and the public outside of the political Brexit landscape. Her comments yesterday will be welcomed by investors and will reassure the markets that Brexit will be covered from multiple angles.

Despite the perk to the Pound, further losses are likely ahead as markets become increasingly anxious towards Article 50 deadlines. With Theresa May set to invoke Article 50 by the end of March 2017, it is only a matter of time until the clocks begin to tick and uncertainty heightens.

Quiet week for Sterling

It is a quiet week for Sterling and in the absence of economic data Sterling could continue to fall against most major currencies. Since the Referendum Sterling has found little support in positive economic data. Much of the changes to Sterling exchange rates are now being driven by sentiment and political updates.

I am predicting GBP EUR exchange rates to fall to parity by the end of the year which is when I expect Theresa May to invoke Article 50. If you are looking to buy Euros in the coming weeks, I would consider what a further 10-cent loss for every Pound could do to your currency exchange requirement. I am able to help you secure good rates, you can email me at if you would like to find out more.

Rate to buy Euros with Sterling hits 5 year lows (Tom Holian)

In what has been one of the worst weeks for Sterling this year we have seen the rate to buy Euros hit its lowest level since 2011. This is good news for selling Euros but not if you need to send money to Europe.

In overnight Asian trading on Thursday we saw what is being called a flash crash whereby automated systems triggered a huge sell off for Sterling and this big movement caused Sterling to fall to its lowest level since 2011.

Since Theresa May announced that Article 50 will be triggered by March 2017 this has caused a huge weakening in the value of Sterling vs the Euro.

Strangely though UK economic data that has been published since the Brexit has been in the main very positive. However, clearly the biggest influence on Sterling Euro exchange rates is the uncertainty as to how the negotiations will go with leaving the European Union.

Since the initial rumours began a month ago when European Council Tusk suggested in a  meeting with Theresa May that the UK was looking to trigger Article 50 early next year we have seen GBPEUR rates fall by as much as 9 cents or the difference of EUR9,000 on a currency transfer of £100,000.

If you’re in the process of buying a property in Europe before the end of year and are worried what will happen to Sterling vs the Euro it may be worth looking at buying a forward contract which allows you to fix an exchange rate for a future date. Very useful for your peace of mind.

Having worked in the foreign exchange industry since 2003 I am confident of being able to offer you bank beating exchange rates as well as helping you with the timing of your transfer.

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

Alternatively fill in the form below

Sterling Sinks Overnight on Flash Crash (James Lovick)

The pound crashed against all of the major currencies overnight. This is not to be taken lightly as this was not just a normal crash as it fell by as much as 6%. The fall was monumental with reports that rates for GBP EUR fell as low as 1.03 even if only for a brief second. This has already been dubbed the Flash Crash and events like these are extremely rare.

The movement has been attributed to comments from French President Francois Hollande who stated that the EU needs to be firm on a hard Brexit which Theresa May appears to be leaning towards. Others are stating it was a fat finger or rogue technical algorithm although in my view there is no smoke without fire.

The Brexit jitters are still weighing on the pound with huge volatility. The hard Brexit approach and the hard line from the EU are not a good combination and sterling is continuing to suffer as a result.

The French Finance Minister Michel Sapin has also spoken out and said “If there is a country that has something to lose from tough negotiations with dire consequences – what’s called ‘hard Brexit’ – It’s Britain. The threatening rhetoric from the EU is certainly helping keep pressure on the pound for the time being and this trend is expected to continue.

Rates for GBP EUR are still below 1.12 this morning so although there has been a pick up from the seismic fall, levels are still nowhere near where they were at yesterday. This looks like the new norm and rates could fall further.

Clients who are buying or selling Euros are continuing to see a very volatile period at the moment which is unlikely to change any time soon. There are huge movements on a day to day basis taking place presenting good time and bad time to secure currency.

If you would like to be kept up to date with all the latest market movements, 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 the team for James. Alternatively, I can be emailed directly on

Breaking News – Sterling Plummets due to “Flash Crash” (Daniel Charles Johnson)

“Flash Crash” hits Sterling hard.

The pound had a rough ride through the night  following a “Flash Crash”.  A”Flash Crash” is essentially a big order that goes through in a thin market, the result of which is high volatility in the market. GBP/EUR hit 1.06 and GBP/USD 1.18.The Financial Times published a report  on French President, Francois Hollande in which he demanded  a tough stance on negotiations with the UK following the Brexit vote. It is probable this was a ctalyst which caused algorithms to be triggered on  stop/loss orders. It does not bode well for the pound, can we expect further falls?

Since Theresa May indicated on Sunday that article 50 would be triggered by the end of March Sterling has continued to fall. Resistance barriers such as 1.15 on GBP/EUR have come and gone. I think there is potential for further weakening. If you have to buy Euros short term it may be wise to move sooner rather than later.

In order  for the pound to recover we will need some type of certainty regarding trade negotiations to return to the markets. The process of negotiation will not begin until early next year. There are factors that could be big trouble for the Euro however, Deutsche Bank, Italian Bank’s bad loans totaling €360bn, the Greek debt crisis, shocking inflation and threat of further referendums. If any of these problems rear their head the Euro could crash.

It is vital to be in touch with an experienced broker during such volatile times. I am in a position where I can confidently say I can beat any Bank or competitors rates. I will also produce an individual trading strategy to try and maximise your return using all the contract options at my disposal. If you require my no obligation assistance contact me at

Sterling Exchange Rates Fall Lower on Parity Predictions (James Lovick)

After a small pickup in sterling exchange rates yesterday the pound has continued its run of losses again today. The predictions from UBS that the pound will fall to levels below parity is of immediate concern and this seems to already be starting to reflect in the price of the pound. Economic data is light as we end the week although UK manufacturing production figures released tomorrow could have a positive impact on the price of sterling.

We know that the manufacturing sector has been performing very well as a result of the recent weakness in the pound and so these figure are likely to be strong once again. A good number tomorrow could see the pound rally after what has been a very torrid weak with sharp falls in the price of sterling following Theresa May’s steer towards a hard Brexit. There is every chance of a small bounce back to salvage the week for those clients needing to buy Euros.

The main driver for the weakness in the price of the pound this week has been due to strong speeches from Prime Minister Theresa May and other senior cabinet members including Chancellor of the Exchequer Phillip Hammond at the Conservative Party conference in Birmingham.

Interestingly Mr Hammond is in the US today speaking to American banks to reassure them that Britain is open for business and to keep their business operations in Britain. This story should have more mileage as it is the banking industry which appears to have the most to lose post Brexit.

Clients who are buying or selling pounds or Euros are continuing to see a very volatile period at the moment which is unlikely to change any time soon. The Brexit jitters are certainly keeping the pressure on the pound. If you would like to be kept up to date with all the latest market movements, 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 the team for James. Alternatively, I can be emailed directly on

Sterling continues to Fall due to uncertainty created by Brexit vote. (Daniel Johnson)

The pound has had a torrid time against all major currencies of late. GBP/EUR broke into the 1.12s during today’s trading. I think there is potential for a further fall. There is far too much uncertainty with regards to the UK’s trade deals following the vote to leave the EU. Theresa May indicated that article 50 would be triggered by the end of March would has been a catalyst to Sterling’s weakness.

The currency market does not react well to uncertainty and so decisive action has to be taken in order for the pound to recover, barring  an unforeseen major event from abroad. I think once article 50 has been invoked and trade negotiations begin to get tied up (no easy task) then the pound will start a slow, steady gain.  The UK economy’s back bone is strong and will be tested in the coming months. UBS analyst, John Wraith predicts parity on GBP/EUR buy the end of 2017. I am not so pessimistic, however if you have to buy Euros short term it may be wise to take advantage of current levels.

During these volatile times it is more important than ever to have a veteran broker on board. If you let me know the currency pair you are trading,the  time scale you have to trade and the size of your trade I will endeavor to provide a trading strategy to suit your needs. I am confident I can beat any competitor or bank’s rate of exchange. Please do get in touch if you require my assistance. I can be contacted by e-mail at Thank you for reading my blog.

GBP/EUR exchange rates holding steady after a difficult start to the week (Joshua Privett)

The Pound has found some stability once more with the new lows reached as it did in August, with GBP/EUR holding steady following a decline on Monday with the revelations of Theresa May enacting Article 50 by March 2017.

Frankly, the media has created a greater ruckus surrounding the situation than what is actually there. The Pound has fallen to newer lows yes, but the total net movement since the beginning of the week is only 1%. This is hardly dramatic across a three day period, particularly given that the Pound fell in excess of 10% off the back of the Brexit vote in the space of a few hours in June.

This is because the Pound seems to have found a resistance level. We have been down very close to this point 3 times now since the Referendum, despite the media simply using the tagline – worst levels in 4 years, this is misleading towards current market sentiment.

Whilst there is pressure on the Pound, when it reaches these lower levels seen on the exchange rates, we’re seeing a mass purchasing opportunity in the markets which sees its value rise through demand during these bursts. But it also means that despite the uncertainty surrounding the Pound, we are currently seeing a floor around 1.13, 1.14 on GBP/EUR

Will rates rise much higher than this?

That is difficult to say. Whilst rates have rebounded already recent trends are suggestive of a positive outlook when these levels are reached, but we are also in the first half of the month where economic data is to be released regarding economic performance on both sides of the Channel – with the value of each currency swinging wildly as a result.

Some very positive business confidence figures for the UK again is suggestive of positive tones. Yet these are being matched in the Eurozone, so hard data next week (concrete growth figures rather than simply business forecasts) will be the likely deciding factor.

I strongly recommend that anyone with a currency buying requirement should contact me on to discuss a strategy for your transfer in order to maximize your currency return. I have never had an issue beating the rates of exchange on offer elsewhere, and these current buying or selling levels can be fixed in place for anyone planning a foreign currency purchase later in the year if you wish to avoid risk entirely.

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