Bank of England Interest Rate Decision (Tom Holian)

Sterling Euro exchange rates saw gains this morning following on from poor German export data first thing.

Sterling saw gains of almost 1 cent vs the single currency creating some good opportunities to buy Euros in the short term.

The eagerly anticipated Bank of England meeting ended up being a little bit of a damp squib with 8-1 in favour of keeping rates on hold and one member of the MPC wanting to see a rate hike.

This did little to surprise the currency markets and hence not very much movement for Sterling Euro exchange rates since mid-day.

Later on this evening we see the release of the FOMC minutes and over the last few weeks the Dollar has been a big driver on GBPUSD rates and with an interest rate hike potentially happening before the end of 2015 tonight’s release could see a shift for Sterling Euro.

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



When will the GBPEUR rate break free from these ranges?

GBPEUR has been trapped in a range between 1.34 and 1.36 which is doing little to unsettle the many clients out there looking to buy or sell. With little on the horizon to boost sterling anyone who needs to buy a foreign currency with sterling including the Euro should in my opinion move sooner. The likelihood is the that the Euro will strengthen further now the Greek deal has been signed off.

The outlook for the Euro is not very certain because of Greece but with this uncertainty removed the Euro has found favour and I personally suggest anyone who needs to buy Euros makes a move sooner rather than later. The long term forecasts are not supposed to favour the pound in this environment of economic uncertainty from China and the lack of activity by the Federal Reserve on rates too.

In short if you need buy Euros I would suggest moving sooner to capitalise on the market movements in the last few months, delaying further might cause real upset. For more information on howto best maximise your exchange rate please speak to me Jonathan on

GBP/EUR brief spike should pounced on (Joshua Privett)

European Central Bank President Mario Draghi was supposed to give a highly anticipated speech last night. Instead, confusing us all, he spoke about an art and culture exhibit to be held on display at his headquarters over the coming months.

His only brief reference to finance at all was…’Art is part of European history, of European heritage at its best. It also reminds us that values are not only monetary.’

Ok…but when you’re a public figure whose sole focus is monetary policy, you have to mention it at some point. His avoidance was not received well by markets.

With poor Eurozone inflation, many were expecting him to use one of his few public appearances to address questions many were having about future financial policy for the Eurozone economy.

Instead his focus was entirely elsewhere.

By dodging the hard questions confidence in the Euro sagged slightly, and 1.36 was acheived and eventually sustained on the markets today.

However, with the interest rate decision and statement due out for the UK tomorrow, it seems likely that these gains will evapourate quickly. The past two months consecutively have seen Sterling weaken off the back of these releases, as our timeline for raising interest rates continually gets pushed back.

Tomorrow will likely see confirmation that this trend will follow-on for the rest of October. With no change in the current situation for the UK, it is more likely than not that further Sterling weakness will follow when no solid timeline for a rate hike is established.

Anyone with Euros to buy in the short term should be looking to move before this announcement at 12 pm tomorrow afternoon. I strongly recommend contacting me overnight on for a free quote on your transfer as well as my personal opinion on your situation. We can come up with a strategy even if your requirements are not until later in 2015, as there are various options available to you to peg these current rates following today’s spike. 01494 787 478

Where Next for GBP Exchange Rates? (Matthew Vassallo)

GBP/EUR levels have dropped over the past week, with the pair slipping below 1.35 at the low. Although the Pound has recovered somewhat during today’s trading, moving back above 1.36 at the high, it is a far cry from the 1.40 plus levels we were getting accustomed to. The reason for the drop can be attributed to a number of factors but the most relevant were the weak UK Gross Domestic Product (GDP) figures released last week, inflation remaining low and the concern surrounding the crash in the Chinese stock market causing investors to move funds away from GBP and into safer-haven currencies such as the USD.

Despite this dip I still believe GBP/EUR rates remain at very attractive levels, particularly when you consider the recent history on the pair. I expect the Pound will find support around the current levels, although I think it will struggle to break 1.40 again under the current market conditions.

The improvement seen today came about due to positive UK Manufacturing data released this morning and it will be interesting to see how the markets react to a host of key economic data releases tomorrow. We have the latest Bank of England (BoE) interest rate decision and subsequent minutes. Whilst rates are widely anticipated to be kept on hold, it is the minutes which will indicate how many of the BoE members voted for a rate hike. Last month the vote was 8-1 against a rate rise, so any deviation from this figure is likely to cause additional volatility on GBP/EUR exchange rates.

If you have an upcoming currency requirement 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

The pound makes unexpected gains against the euro this morning (Dayle Littlejohn)

Yesterday evening President of the European Central Bank Mario Draghi, held his latest press conference in regards to the state of the eurozone economy.

With the euro falling back into deflation last week all eyes turned to Draghi to see if he would react in the form of increasing the amount of quantitative easing. Draghi continued to back the eurozone and no talks of increasing the amount of Q.E occurred.

Therefore clients who were hoping for an overnight spike in favour of the pound should have felt disappointed. However poor industrial production numbers from Germany this morning have given a temporary window this morning for euro buyers as GBP/EUR has increased by over a cent.

If you have an upcoming currency transfer I would recommend emailing me directly with the currency pair you are looking to trade (GBP/EUR, GBP/USD, GBP/AUD) and your individual requirement (buying a property abroad, paying a company invoice) and I will personally respond to you with a forecast and the buying process. Dayle Littlejohn.

GBPEUR at risk of falling this week – STEVE EAKINS

Sterling levels have started the week fairly flat and the simply reason for this is that we have had little economic data so far, but that is about to change….

Tomorrow we have the UK GDP figures which is the first estimate for the third quarter of the year.  The view is that this release will either have little impact or result in Sterling’s value falling. The reason for this thought is that the data will either come in relatively unchanged or fall.  The reason for a potential fall is as a result of a knock on impact from the China slowdown and the high value of the Pound 3 months ago impacting import/export figures. As a result anyone with Euros to sell should be happy but GBPEUR traders should be a little wary.

On Thursday we arguably have a bigger day still, this is when we have the latest updates on interest rate change from both the Bank of England and the European Central Banks.  Both of these are expected to show updates which again are probably going to result in GBPEUR levels dropping this week.  From the UK side there is an expectation that the forecast of an interest rate change will be pushed back to the middle of 20-16 which will reduce investment in the UK, demand and therefore price.  From the Europeans we are expecting a change in the amount of QE as they fight the risk of deflation and the slowdown in Germany as a result of the VW scandal.  Now this change could have a positive impact or negative impact on markets. Some will say that printing more money makes the money in the system less valuable so the price of the euro will weaken, whereas others will say that they are addressing the problem and creating better future growth so demand goes up.  My personal view is that the second is probably more likely and as a result expect GBPEUR rates to drop down this week making anything from a property purchase to a invoice more expensive.

If you would like more information on the forecast for the week and the plans many are taking to get the most from it please get in contact. You can contact myself directly via my email at

Look forward to hearing from you,

Steve Eakins

Watch Out For Thursday (Daniel Johnson)

At 11am on Thursday we will see the UK Interest rate decision. With the value of Sterling hitting our exports and the slow down in China  it looks as though a rate hike could again be pushed back until late 2016. There are nine members in the Monetary Policy Committee and they vote for or  against a rate hike.  Andy Haldane is the one member of the MPC who has consistently voted for a hike over the last six months. With the economy not as stable as it once was he could change his stance, if the vote moves to 9-0 once more, expect Sterling to take a hammering.

If it remains 8-1 expect to see marginal Sterling strength. I do have several large GBP-EUR trades going through in the coming days that potentially I could tag new clients on to and achieve a very competitive rate. Please do get in touch if this is something of interest. I will guarantee to beat any bank or brokerage’s exchange rates.

I am currently offering a free rate alert service, just drop a line or e-mail with your currency requirements including your time scale and the levels you are hoping to obtain and I will notify you of  any significant movement.

Thank you for reading today’s Blog, I would greatly appreciate any feedback you have and would take pleasure in replying personally. I am more than than happy to assist you with any of your currency requirements. Feel free to e-mail me on or call on 01494 787 478 and ask for Daniel Johnson.



GBP/EUR rises gradually after Euro rally on Friday (Joshua Privett)

GBP/EUR rates are now back into the 1.35’s following a strong end to the week for the Euro where almost 1.33 was seen on the markets.

The alarming news coming out of the US on Friday was what caused further capital to be pumped in the Euro as the Dollar became a less attractive currency to hold. Due to the cheapness and proven commitment to stability in the Eurozone recently, with the averted ‘Grexit’ still firmly in everyone’s minds, the Euro was the destination for much of the capital flight out of the Dollar.

This pushed the Euro up in value. It seems these market forces are not going away any time soon. Since I started to write this article rates have already dipped below 1.35 as markets continue to favour the Euro as this weeks trading begins in earnest.

It seems markets are more hesitant to sell off their Euros following a spike upwards in its favour that we’ve seen repeatedly in recent months. This is likely because the potential for further Euro strength has doubled due to events in the China, and now, the US as well.

Anyone looking to buy Euros should be looking to move sooner rather than later. There are no events of note where we could see sudden Euro weakness of Sterling strength to counteract the Euro’s recent gains. The fact that rates are not seeing the corrections we have become accustomed to in recent months also suggests that markets are worried about further bad news in the US and China, so the Euro remains the currency of choice to hold. Indeed, even this morning estimates for GDP growth in China this year have been revised down from 6.4% to 5.7%.

I strongly recommend that anyone with a Euro purchasing requirement over the next month should contact me on 01494 787 478 and ask the reception for Joshua to receive a competitive quote on your transfer, as well as tailored advice on your situation. These current rates of exchange can be pegged at their current levels to avoid further disappointment.



Euro at its strongest level for 5 months against Sterling (Tom Holian)

The single currency is now at it strongest level vs Sterling since May 2015 following yesterday’s Non-farm payroll data from the US.

The jobs report showed only 142,000 new jobs created in September compared to the estimate of 205,000.

The massive disparity on the figures has seen a big sell off for the US Dollar and seen the Euro strengthen against both Dollar and Sterling.

With the Federal Reserve now less likely to raise interest rates before the end of the year this has seen the Dollar weaken.

The result has created the best level to sell Euros into Sterling since May 2015 during Friday afternoon’s trading session. 

With the Bank of England set to meet this Thursday to discuss monetary policy I think we could see a 9-0 vote in favour of keeping interest rates on hold which could further weaken GBPEUR exchange rates.

If you need to buy Euros soon it may be worth looking at a forward contract which allows you to fix an exchange rate for a future date.

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




*Breaking News* GBP/EUR plummets downwards (Joshua Privett)

 The release of non-farm payroll data in the US economy is one of the few market events every month which has the potential to affect almost all currency pairings.
The overestimation for this release were staggering. It was expected that more than 200,000 jobs would be added to the US economy in September, instead it fell short by more than 70,000.
As USD/EUR is the most traded currency pairing in the world, whenever you lose confidence in one of the two, the other benefits hugely in currency value. So this afternoon the Euro gained strength and GBP/EUR actually dipped below 1.35 and hit 1.343 briefly, the best level to sell Euros since February.
However, we have repeatedly seen these short-term gains eaten up. Which is what happened after Friday afternoon progressed. Those looking to sell Euros must remember that that very little of these favourable movements are to do with positive data coming from the European economy. As such these rates are artificial – simply capital being pumped into the Euro to escape the Dollar – and are not meant to be permanent features on the currency markets. The correction we have seen today is one we have seen time and time again since August.
As such I strongly recommend that anyone with Euros to sell should email me over the weekend on – over the weekend rates do not move as trading is closed – to receive tailored advice on your situation. I can also provide a free quote for your Euro sale and I offer a rate beating guarantee to increase your chances at selling as near to the absolute peak as possible.
Joshua Privett – 01494 787 478

GBPEUR rates falling

Trading levels for euro sellers into the pound have been increasing of late for reasons many are probably not aware. These gains are as a direct result of CHINA data. With their new tone of honesty about their slowdown in growth it is having an impact on global growth and risk. Carry trades are being unwound as a result with a lot of cheap money returned to the single currency. This influx is pushing up demand, value and lifting spirits of euro holders who have been in a very poor position beforehand.

I would stress however that this current trend is probably only a short term spike rather than a long term trend being established. Therefore if you have euros to sell I would remind you of the more traditional trade levels over 1.38 before you set an unrealistic target for your transfer. If you are a EURO seller a target of 1.35-1.34 is still probably at the top end of the range I anticipate to see markets within the next 7 days.

If you are on the other side of the coin with EUROS to buy, the task of timing a transfer this week is more challenging. I personally expect the best levels to be early next week rather than the end of it.

If you have a currency position to trade make sure to ezploit all the tools at your disposal including our pro-active service, and forecasting. If you are a regular reader of this page and are yet to get in contact, what do you have to lose. Make contact today to register your position and we will do our up most to help. Contact myself STEVE EAKINS at



Carney speech causes GBP weakness with more expected (Joshua Privett)

The Pound slipped to its lowest level in almost 5 months against the Dollar yesterday, and to a similar position against the Euro, as we waited for Mark Carney, the Governor of the Bank of England, to deliver a speech.

In the most recent Bank of England minutes, the word China was mentioned 10 times across the 7 pages of the report. With the current market obsession at further bad news expected from China on Thursday morning, observers were wondering if Carney would give indications on how this would impact the UK’s timeline for raising interest rates.

Instead, he didn’t mention China at all.

Understandably, markets were shocked at the large platter of issues on the table which he chose not to touch. Instead he addressed the looming threat of climate change to global stability.

I know this is a big issue, but now is hardly the time.

By not addressing the elephant in the room, markets took his evasiveness negatively, and GBP/EUR has already started to fall.

You can’t raise rates if you expect global demand for your goods and services to be weakening. Arguably the most important determinant of any major currency’s value since the 2007/8 financial crisis has been when the country will be raising interest rates. So his avoidance of the Chinese data to come out has caused markets to already start to price in the idea of further slowdowns in China delaying interest rate rises. Which is why rates dipped below 1.35 once more this morning.

If I had Euros to secure over the next few weeks I would be looking to move sooner rather than later to avoid further expense.

Anyone with Euros to buy I strongly recommend contacting me on 01494 787 478 and asking the reception for Joshua to receive a competitive quote on your transfer and tailored advice on your situation.

EURGBP rates climbing

Rates climbing for euro sellers

the price of the euro is climbing at the moment against the Pound. The reason for this is demand for the currency as traders off-load their carry trades.  A carry trade is what the financial industry use to make money, they borrow in a low costing currency and invest in a higher return. So borrow in Europe at 0.05% and then invest in Australia where rates are over 3%.  The problem is that these investments are very open to risk of global growth and slowdown, so with concerns growing in China about growth these investments are being ‘unwound’. So they are reversing the position, selling AUD and buying EUROS.  This huge swing in demand is impacting both currencies values and helping people in the opposite direction.

So anyone with EUROS to sell are seeing an opportunity which many are taking full advantage of.

The next lot of China data is due on Wednesday evening so the best levels this week for Euro sellers are probably going to be Thursday.  EURO buyers mean the opposite however, that moving sooner rather than later may be wise.

For more information on how to maximise your trades on the market feel free to get in contact – Steve Eakins –

GBP/EUR at 1.3523 (Daniel Johnson)

GBP/EUR currently sits at 1.3523, It is an excellent opportunity for Euro buyers. We are seeing resistance everytime GBP/EUR breaks 1.35. If I was buying Euros I would be moving now.

I am currently offering a free rate alert service, just drop a line or e-mail with your currency requirements including your time scale and the levels you are hoping to obtain and I will notify you of  any significant movement.

Thank you for reading today’s Blog, I would greatly appreciate any feedback you have and would take pleasure in replying personally. I am more than than happy to assist you with any of your currency requirements. Feel free to e-mail me on   or call on  01494 787 478 and ask for Daniel Johnson.



GBP/EUR rates set for further slides (Joshua Privett)

After a surprising reversal in fortunes for the Euro last week, can we expect further gains for the Euro on GBP/EUR exchange rates.

Gains on Friday afternoon saw the single currency almost hit 1.34 on GBP/EUR once more.

After a start to the week where rates were almost at 1.40 again following the scandal over at Volkswagen, which saw capital fly out of the Eurozone stock markets and the Euro itself, a few events triggered the reversal in fortunes which has benefited Euro sellers heavily.

Mario Draghi, the President of the European Central Bank, stated that further quantitative easing for the Eurozone (essentially cash injections) was yet to be decided. In past speeches he had spoken of this form of emergency financial stimulus as a near certainty. This change in tone injected a lot of confidence into the Eurozone economy. The resulting Euro strength was why rates fell so sharply on GBP/EUR during Friday afternoon.

The second factor for the drop was GBP weakness, and this was actually caused from positive news in the US economy.

Janet Yellen, the head of the Federal Reserve Bank of America, essentially guaranteed a rate hike before the end of 2015.

Since the 2007/8 financial crisis, arguably the main determinant of any major currency value has been has been its timeline to raise interest rates once more.

Andy Haldane, one of the members of the Bank of England Monetary Policy Committee has put a more negative view of the UK’s own timeline out for the public to see recently. Stating that cuts may be necessary in the future to protect the UK against this recent global economic slowdown. As such the USD has become a more attractive currency to hold, and the mass sell-off of Sterling to buy USD has caused the Pound to weaken across the board against most major currency pairs.

With a quiet week of data releases ahead there aren’t any forecasted opportunities for fortunes to reverse in the favour of Euro buyers.

In fact of the few data releases available, most are from the US economy and all are expected to come in positively, as a result, this may tempt further GBP sell offs and cause further downward GBP/EUR spikes.

I strongly recommend that anyone with Euros to buy should contact me on 01494 787 478 and ask the reception for Joshua to receive a free quote on your transfer, as well as tailored advice on how to get the best rate of exchange and avoid further losses. Even if your requirements are not for a few months, these rates can be pegged at no additional cost to protect yourself from market volatility.

Anyone with Euros to sell, contact me on to discuss a strategy on how to ride this current move in your favour.




The Euro fights back against Pound Sterling (Tom Holian)

Sterling Euro rates have hit the lowest levels for over 4 months as the Euro fights back against the Pound.

Earlier this month there was a raised expectation that the Eurozone would look at additional QE if inflation rates continue to fall. Added to this was the reduction in growth forecasts for the Eurozone.

However, during the week the LTRO (long term refinancing option) was reduced from as much as EUR73bn to just EUR17bn which effectively means more confidence in the banking sector which was wobbling earlier this year during the Greek crisis.

As of last weekend the Syriza party maintained their power in Greece which has added to the stability for single currency and another reason why the Euro has strengthened against Sterling recently.

Next week sees two big data releases for the Euro with both inflation data and unemployment rate figures.

This could provide a big catalyst for the next movements for Sterling vs Euro exchange rates as if inflation falls this could bring the argument for further QE back into the spotlight.

However, although I expect inflation to be low I don’t think it will come out below 0% which is the expectation and therefore I predict we’ll see the Euro strengthen during the latter part of the 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




GBPEUR rates falling (Steve Eakins)

Sterling levels have fallen across the board this week again. The market had generally recovered from a lot of its losses seen at the beginning of the month when GBPEUR levels fell 10 cents in as many days.  The reason for this fall yesterday was the same as it was 4 weeks ago, that being China.  China is going through a process of being more honest with its economic forecast. They are simply growing at a slower pace than they have previously been forecasted to have.  This is having a negative impact on global risk and the Pound is the one falling in value as a result.

The concern is now, as we enter the next cycle of months economic data that we could easily see this again. I am of this view that this could easily happen disappointing a lot of people.

The other side of the coin however is the prospect of the IMF deal that is being re-done for Greece. This has been scheduled to take place through the month of October and with is Euro weakness has generally been expected.  I would say however that with the fundamentals of the EU under threat from the refuge crises that the IMF deal will not have anywhere near as much of an impact that many had thought and hoped.

As a result I would suggest buyers to look sooner rather than later at the positions and put plans together. I know that current rates are down, at 1.37 when we were 1.39 earlier this week but learn from what we saw three weeks ago when levels fell all the way down to 1.31.  Does the risk out way the potential benefits? I don’t think so, I think rates will either climb a little or fall a lot over the next 14 days.

For more information contact myself Steve Eakins via email –

Sterling continues to lose ground against the euro (Dayle Littlejohn)

Its been another poor day for clients looking to buy euros. GBP/EUR dropped over a cent and half, however recovered to a cent loss by the end of the trading day. This is a 6 week low for GBP/EUR.

This comes off the back of Mario Draghi yesterday eliminating all talks of an increase in quantitative easing. Draghi explained that inflation is a worry and the ECB would step in if required, however they wouldn’t just up the amount for a short term solution.

Further to this it now appears the Greek issue has been resolved, as Alexis Tsipras won the general election. This has given further support for the euro.

I’m of the opinion a fantastic window of opportunity has now presented itself for euro sellers. Therefore if you have been holding onto euros for a better exchange rate, I would recommend emailing me directly with your requirements or alternatively call me directly on 0044 1494 787 478.


A volatile day for GBP/EUR? (Dayle Littlejohn)

Today at 2pm, President of the European Central Bank, Mario Draghi is set to give a press conference regarding the current European economy. Many investors and speculators will be keeping both eyes on this speech as many believe Draghi could up the amount of quantitative easing in order to stimulate the European economy and combat deflation.

If speculation becomes truth it wouldn’t surprise me if sterling makes considerable gains against the euro. However ECB’s Ewald Nowotny spoke to Bloomberg this morning and exclaimed the ECB would not act in the short term and up quantitative easing as a short term fix. His comments this morning have given some relief for the euro, however if Draghi contradicts Nowotny investors are going to completely lose faith in the ECB and rates will rocket.

Still time for euro sellers?

6 weeks ago GBP/EUR floated in the 1.40s and euro sellers hoped and wished the rates would drop. An expected plummet in the Chinese stock market known as ‘Black Monday’  provided the drop and a window of opportunity and I hope all clients moved on this spike. However if this is not the case, there is still time this morning to put a strategy in place and minimise your exposure. I strongly recommend emailing me immediately in order to understand the process of using a brokerage and to receive a free live quote. Dayle Littlejohn.

Euro weakens, Is it going to get worse? (Daniel Johnson)

Unexpected news again causes unforeseen volatility on the currency market. VW faked  emission results  through a cunning ruse to pass emission standards on some of their vehicles. They are facing a huge fine which has led to a 20% fall in their share price. Euro has taken a hit and GBP/EUR stood at a day high of 1.3894.  With rumours filtering through of more QE in the Eurozone I think there could be the possibility we hit above 1.3950.

If you are selling Euros I would be looking to move ASAP. I can’t see GBP/EUR getting back to 1.36 any time soon.

I do have several large EUR-GBP trades going through in the coming days that potentially I could tag new clients on to and achieve a very competitive rate. Please do get in touch if this is something of interest.

I am currently offering a free rate alert service, just drop a line or e-mail with your currency requirements including your time scale and the levels you are hoping to obtain and I will notify you of  any significant movement.

Thank you for reading today’s Blog, I would greatly appreciate any feedback you have and would take pleasure in replying personally. I am more than than happy to assist you with any of your currency requirements. Feel free to e-mail me on or call on 01494 787 478 and ask for Daniel Johnson.