George Osbourn spending review strengthens the pound. (Dayle Littlejohn)

Live from Westminster George Osbourn’s  bullish comments have provided strength for the Pound and GBPEUR has made back its losses from yesterdays trading period.

Osbourn has stated  Britain is the fastest growing G7 economy since the Conservative party gained power and started the economic recovery. He then went on to say living standards had improved and ‘more than a million’ new jobs will be created in the next 5 years.

I still feel sterling is overvalued at the moment against the Euro and anyone looking to buy euros should trade sooner rather than later. Its was only 4 weeks ago GBPEUR fluctuated in the lower 1.30s, nearly 10 cents less than today.

If you have an upcoming currency transfer and I have not covered the currency pair that you are looking to trade (EUR/USD, EUR/AUD, etc). Feel free to email me with the currency pair 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. Alternatively call 0044 1494 787 478 and ask for Dayle Littlejohn.


Sterling Euro Exchange Rates fall owing to positive German Economic Data (Tom Holian)

Sterling Euro exchange rates have just started to fall from their recent highs following better than expected German economic data released this morning.

The data has surprised the market with positive GDP figures as well as a Business Climate survey.

With US GDP data due out later today at 130pm this could see EURUSD exchange rates drop if the data is strong as I expect it to be.

Over the last few weeks we have seen a huge amount of Euro weakness owing to the increased risks of further Quantitative Easing happening in December as well as an interest rate hike in the US.

Indeed, the US Federal Reserve have stated on many occasions this year that an interest rate hike is data dependent and today’s data could provide the Fed with the data they need to change monetary policy at next month’s interest rate meeting.

Later today if the US data is good then I would expect Sterling to regain vs the single currency later this afternoon.

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



Where Next for GBP/EUR Exchange Rates? (Matthew Vassallo)

GBP/EUR rates have been creeping back towards the highs we saw in the summer over the past couple of weeks. With the pair now trading just under an 8 year high, EUR buyers have once again been presented with a fantastic opportunity to purchase their currency.

It’s been a volatile few weeks for the pair, which at one point seemed to be heading back towards 1.35. It is not the first time the EUR has threatened to realign itself after months of negative downturns, only for the Pound to snap back. Investors have been unable to find any sustainable confidence in the single currency, especially whilst the Eurozone remains in such economic disarray and although the EUR has found some support around the current levels, recent market developments indicate it will struggle to make a sustained impact against the Pound.

There was some respite for the EUR this morning, following better than expected Manufacturing and Services data. This has helped to curb any further losses for the EUR and may give it some protection over the coming days. The underlying problem facing EUR sellers is the likelihood of the European Central Bank (ECB) increasing their current Quantitative Easing (QE) programme in December, in the hope this will help to drive inflation levels up. With this news now being priced into GBP/EUR rates expect the EUR to struggle, unless of course there is no increase in QE, in which case it is likely the EUR will strengthen off the back of this.

Looking ahead and it’s a fairly quiet week for UK economic data releases, so much of the focus will be on Friday’s Gross Domestic product (GDP) figures. Market expectation is for 2.3% growth, so anything outside of this 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 directly on

Sterling Euro breaks 1.43 on the Mid-Market (Tom Holian)

Sterling Euro exchange rates have broken 1.43 this week and hit close to the best level to buy Euros for the second time this year and the highest since 2007 creating some excellent opportunities to buy Euros.

The Euro has massively weakened recently as rumours increase of two things including the strong possibility of further QE in the Eurozone as well as an interest rate hike in the US.

If QE takes place then in effect the ECB prints more money into circulation and the increase of supply of a currency typically weakens demand and will mean a fall in the value of the Euro.

In addition to the likelihood of this event taking place in December we could also see the US Federal Reserve look at raising interest rates in December.

Wednesday sees the release of US Jobless Claims and with the Fed having stated on numerous occasions already this year that a rate hike is data dependent then this could add more pressure and increased likelihood of a rate hike at next month’s US meeting.

My prediction for the week is Sterling strength vs the 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



GBP/EUR exchange rates now should be best for remainder of 2015 (Joshua Privett)

GBP/EUR exchange rates have cannoned up by 10 cents in just over a month. In the middle of October buyers will remember that the mid-market on Euro purchasing was around 1.33 for those holding Sterling.

The main driver of this rally for GBP/EUR has actually been as an after-effect for movements on USD/EUR currency exchange rates.

The USD/EUR is the most heavily trading currency pair in the world by volume. As such when one strengthens significantly, the opposite effect is recorded in its partner currency.

For the past month the US Dollar has been the clear winner on the currency markets, gaining value and investor interest by making more and more explicit hints for an interest rate hike in December. This will be the first such rise in a major economy since the recession, which explains the severe gains for the Dollar and the equally strong losses for the Euro.

GBP/EUR has gained 10 cents as more recent news continues to instill greater certainty of a rate hike in the near term. However, a resistance level has since been hit at around 1.43 which has been hard to stay above for long.

In fact, the markets had seemed to be heading back down in the other direction last week, and it is hard to gauge just how much the recent attacks in Paris have been keeping further pressure down on Euro value.

Those with Euros to buy have to come to terms with the fact their their transfer hinges entirely on events in the US. The FED stated recently that ‘barring any unexpected changes in the markets, a rate hike is on the table for December’. This is exactly what they said when a hike was expected in August, and before that in March. 

This time around a hike seems more likely, but buyers should be wary of gambling on this. It was this initial delay in August as a result of the uncertainty caused by China that caused GBP/EUR rates to drop to 1.34 from highs of 1.41 in the space of a week. In any case – it seems that rates will face difficulty stretching much further from this point even if all data and policy changes come out positively.

I strongly recommend that anyone with Euros to buy in the coming months should contact me on 01494 787 478 and ask the reception for Joshua to discuss a strategy to maximise any opportunities to present themselves between now and the final decision in December. I can supply a competitive quote on your exchange and have never had an issue beating rates offered elsewhere.

Those with Euros to sell can do the same, and if you have time to wait to ride any movements in your favour, I can explain your options to help you buy at the high of the market.


Poor UK Retail sales figures dent the pounds purchasing power! (Dayle Littlejohn)

Today the momentum that has been gathering for the pound against the euro diminished, as the UK released poor Retail sales figures. Retail sales fell over 2.5% compared to last months figure showing a drastic decrease in consumer spending.

Tomorrow Mario Draghi is set to address the public with his latest press conference. The latest speech with give an insight into how the ECB observe the current state of the European economy. Further to this Draghi could announce the likelihood of the ECB increasing the Q.E program in December therfore I expect GBP/EUR to have a volatile period tomorrow morning.

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 directly on 

GBP/EUR best exchange rates – Slight drop in Pound value away from multi-year highs (Joshua Privett)

GBP/EUR exchange rates took a small hit this morning following terrible retail sales figures released for the UK economy, but only putting a slight dent in the mammoth gains made for Sterling against the single currency over the past 5 weeks.

GBP/EUR has risen by more than 10 cents as a result of both artificial and very real influences on the rates of exchange.

One of the real, and the most devastating, reasons why Euro value has fallen so far in such a short space of time has been the terrorist attacks in Paris. The ongoing situation with the police raid on a northern Paris suburb looking for the mastermind of the attacks is also keeping increasing pressure on the Euro.

Events in America have been the main driver of this GBP/EUR rally. As the USD/EUR is the most heavily traded currency pair in the world, when the value of one rises, the general rule of thumb is that the other loses value across the currency markets.

Explicit hints that the US will be the first major country to raise interest rates since the recession by the end of this year are what is causing this severe bout of US Dollar strength. This in turn is causing significant capital to flow out of the Euro and improving GBP/EUR rates of exchange.

This has already been priced into markets so the confirmation of this when December comes around shouldn’t help Euro buyers further. Furthermore, as these events are nothing to do with any changes in the performance of the European or UK (quite the opposite with the data on the retail sector posted today), these are unlikely to be a permanent feature on the currency markets.

I strongly recommend that anyone with Euros to buy should contact me on to discuss a strategy to maximise your Euro return based on data to be released over the coming weeks. I believe rates will still tick up slight to reverse the losses of today, but a drop on the near future can be expected once the artificial pressure on the Euro is lifted.

I will remind my regular readers that GBP/EUR rates of exchange can be pegged for up to a year to avoid losses on the exchange rates whilst you wait to complete your currency transfer. I can explain how this is done and I have never had a problem beating the rates of exchange offered elsewhere.


Will the pound rise further against the Euro this week?

GBPEUR rates have really improved as the likelihood of a US interest rate increases and the prospect of further QE increases too. Will this situation just keep on going? Well it would not be surprising if we actually saw the rates snap back in the future since nothing should ever be taken for granted on exchange rates. Much of the movement has been in relation to news from overseas that threatens to lead to Euro weakness but there are no guarantees these events will occur and henceforth I think if you need to buy euros moving sooner rather than later is the best course of action to avoid disappointment.

Let us views exchange rate movements for the last 8 years on GBPEUR and we find that we have just come to a point where the forecast is now for further improvements in the levels on offer, the recent trends had all been fairly poor for Euro buyers, this has clearly changed this year however. In short if you are buying Euros you are doing so at an 8 year high! This is bad news for Euro sellers who I think should think twice about stalling their decision to buy or sell, just waiting and hoping for rates to improve is a very dangerous strategy!

For more information at no cost or obligation please speak to me Jonathan by emailing

GBP/EUR Breaks 1.43 (Daniel Johnson)

After the atrocities Friday it is good to see there has been no knee jerk reactions on the market. There was movement on on GBP/EUR today however, caused by above par inflation figures. Last months CPI figures came in a -0.1%, only the second time in the last 60yrs the UK has been in deflation. The figures released today cam in at 0.1% and have caused GBP/EUR to spike into the 1.43’s.

With little UK economic data out for the rest of the week I would be tempted to get a trade done if I was a Euro buyer. Draghi’s speech on Friday morning could cause some volatility if he gives anything away with regards to his QE plans.

If you have GBP/EUR requirement I would be happy to assist. I will guarantee to beat any other brokerages exchange rates. Please do get in touch by calling 01494 787 478 or feel free to e-mail me directly at .

GBP/EUR exchange rates surprisingly stable ahead of the weekend (Joshua Privett)

Frustratingly for those with a GBP/EUR buying requirement, poor Eurozone growth data did little to weaken the Euro ahead of the third week of trading in November.

While GDP growth expectations for the year were expected to come in at 1.7% for the Eurozone, the results came in 0.1% lower. While this doesn’t seem like much, in an economy that size, this represents a sizable chunk of revenue.

However, there were positive long-term signs hidden in the data that markets were focusing on. Greece’s economic growth is improving and the EU’s exports have increased by 10% in a single month. The Eurozone is reaping the benefits of a cheap currency, so long term forecasts for improvement stopped the single currency from losing much value against Sterling.

However, the slide on GBP/EUR seems set to recommence next week with the inflation hearings for the UK economy on Tuesday next week.

Severe Sterling weakness occurred last week when the Bank of England announced they would not raise interest rates until 2017. The reason given was expectations of further inflation issues to come – so these hearings next week will likely shine a further negative light on Sterling.

Last week GBP/EUR fell three cents across a day’s trading, with similar inflation news expected, markets won’t be surprised with similar results.

I strongly recommend that anyone with Euros to buy should contact me on to discuss a strategy for your transfer in order to buy at any peaks reached before Tuesday’s meeting. I have also never had an issue beating rates of exchange offered by high street banks or competing brokerages.

Sterling Euro Exchange Rates at 3 month high (Tom Holian)

Sterling Euro exchange rates have hit a 3 month high during today’s trading session as QE in the Eurozone gets closer as well as an interest rate hike in the US.

Rumours are beginning to increase that both events will take place in December and this has caused the single currency to weaken vs Sterling creating some excellent opportunities to buy Euros at this 3 month high.

Bank of England economist Andy Haldane was quoted earlier today stating that the UK economy is losing speed but seemingly the currency markets are overlooking these comments and focusing on the problems in the Eurozone.

ECB president Mario Draghi has spoken gain today and his dovish comments have seen even more weakness for the single currency.

Eurozone GDP data is due out in the morning and if worse than the expected 1.7% this could see Sterling rise against the Euro during tomorrow afternoon.

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




GBP/EUR hits 3 month highs following Draghi speech (Joshua Privett)

GBP/EUR rates of exchange cannoned up the three month highs this morning but this was immediately corrected, and GBP/EUR rates are still in the mid to low 1.41’s as I type this article.

The trigger was a speech given my Mario Draghi this morning which put forward further hints about continued emergency stimulus for the Eurozone economy after the original September 2016 deadline.

The reason behind the instant correction was the market jumping to buy Euros whilst rates had hit such highs, which drove up the Euros value through additional demand.

GBP/EUR is essentially back where it started today, and the reason markets jumped at these opportunities is likely because a fall in Sterling value is expected on Tuesday next week.

Inflation hearings are set to be held with Bank of England members being grilled by the treasury committee on how the UK has gotten into such dire straits and what, if any, solutions are being put forward.

It was because of inflation hitting the lowest levels since records began recently that the Bank of England were forced to announce there would be no rate hikes in 2016 whatsoever. This caused GBP/EUR to fall by 3 cents on the news, so the inflation hearings themselves are likely to echo that same Sterling weakness, though probably not to the same extent.

The markets have signaled what they expect to happen on Tuesday with a mass-Euro purchase this afternoon. Those with an upcoming Euro requirement should be looking to follow suit.

I strongly suggest that anyone with Euros to buy should contact me on 01494 787 478 and ask the reception for Joshua to receive a competitive quote for your transfer – simply explain that you found my details through this article to receive commercial rates of exchange.


UK unemployment strengthens the Pound! (Dayle Littlejohn)

GBP/EUR rates of exchange hit further highs today as a result of strong unemployment figures for the UK economy. Unemployment fell to its lowest levels since 2008 which is why GBP/EUR is back up close to multi-year highs.

Today the Bank of England Forum, where the heads of various international Central Banks were speaking was expected to cause significant movement on the markets as hints would be given about future financial policy. Instead it was used as a political platform for the UK remaining in the EU by outlining financial benefits for all economies. It was a non-event for currency markets which allowed the positive employment figures released to govern GBP/EUR rates today.

If you have an upcoming currency transfer and I have not covered the currency pair that you are looking to trade (EUR/USD, EUR/AUD, etc). Feel free to email me with the currency pair and your individual requirement (buying a property abroad, paying a company invoice etc) and I will personally respond to you with a forecast and the buying process. Dayle Littlejohn.

GBP/EUR spikes back above 1.41 – what else can we expect this week? (Joshua Privett)

GBP/EUR rates of exchange have been rising gradually since yesterday morning, this gradual rise gave way to a sharp spike when UK unemployment fell to their lowest levels since 2008.

Yesterday most analysts were expecting severe Sterling weakness as Bank of England representatives were set to appear before the Government’s Treasury Committee to explain why the inflation situation in the UK has become so dire that interest rates cannot rise now until 2017.

The initial announcement of a rate freeze last Thursday, as a result of further deterioration for UK inflation expected in 2016, caused GBP/EUR to drop by 3 Cents. A further fall was expected during the inflation hearings as difficult questions would be asked by Parliament which were avoided during the press conference, and confidence in Sterling would fall further still as a result.

This hearing was delayed until next Tuesday, and this has removed significant pressure on the Pound in the short-term which has allowed GBP/EUR to rise (and continue to do so this morning following this positive UK employment data).

This threat to Sterling’s value hasn’t been removed but simply delayed in next week – this was likely to spread out the fallout from the announcement of a rate freeze last week. As such falls on GBP/EUR are expected on Tuesday next week, whether this will be minor or major depends on how the hearings progress.

However, all solutions presented to curb inflation traditionally cause negative effects for the value of a currency. The tools most central banks have used since the 2007/8 financial crisis have been rate cuts and quantitative easing – which contributed to why GBP/EUR fell to 1.1-1.2 in 2008.

I am in no way saying rates will fall to these levels, I am simply highlighting that the hearings themselves could only put further pressure on Sterling.

I would not be surprised by a further 1 or 2 cent drop on GBP/EUR next Tuesday. It is rare that currency markets can have such predictable movements, but its also rare that such a significant economic event gets delayed – allowing people more time to consider their position

As such this week and the rises for GBP/EUR within it should be seized as a gift for Euro buyers. I strongly recommend that those with Euros to purchase in the next few months should contact me on 01494 787 478 and ask the reception for Joshua to discuss how these currently high levels of exchange can be fixed to avoid any harmful movements on a future transfer.

Those with an immediate Euro requirement can do the same, and I have never had an issue beating the rates of exchange on GBP/EUR offered elsewhere. If you have Euros to sell we can also discuss a strategy to ride any future movements in your favour.

Will GBPEUR just keep on rising?

The GBPEUR exchange rate has been rising and rising for the last month hitting 1.41937 at the pea, that is 8 1/2 cent higher than the low of 1.3356 on the 12th October. If you are buying £200,000 worth of Euros today you are getting an extra €15,580! This remarkable movement has been very much against the grain of opinion concerning sterling and many commentators actually had GBPEUR falling to 1.30 by the year end based on poor performance of the pound with a very low likelihood of an interest rate rise for the UK. Despite the forecast for the UK to raise interest rates being pushed further (and weakening the pound last week) it is the poor performance of the Eurozone and suspected future economic policies that is worrying investors.

The Eurozone is contemplating further Quantitative  Easing (QE) which will weaken the Euro, they have also openly discussed the prospect of an interest rate cut. Both these events could serve to weaken the Euro and the mere prospect of this happening down the line has set the Euro on the back foot. Tomorrow we have an important release containing UK Unemployment data, this has been one of the stronger areas for the UK in recent years and could see sterling finds some favour.

I feel on balance there is a danger that for anyone selling Euros that they might come unstuck in the future, nothing is ever certain on exchange rates but there is a reason we have had such a big market movement. Whilst there could be a relief rally of some description, I feel it likely GBPEUR will climb higher in the future. To get the latest updates and forecasts on the market please email me Jonathan on including some contact details and a brief description of your situation.

Pressure lifted from GBP/EUR exchange rates as inflation hearings delayed (Joshua Privett)

Many, including myself were expecting significant weakness for Sterling on the markets today as inflation hearings for the UK economy were set to continue the slide on GBP/EUR which began last week.

On Thursday GBP value took a significant hit with the announcement that interest rates for the UK economy will not be raised for the entirety of 2016. GBP/EUR fell three cents between Thursday afternoon and Friday morning, and the main reason given for the rate freeze was the UK’s current battle with low/negative inflation.

Inflation levels are currently the worst available since records began, so the inflation hearings called by parliament to address why the UK is in this current state can only hurt the Pound further rather than benefit it.

The hearings themselves, however, were delayed. Whether this was to spread out the fallout from the news of a rate freeze, or to give Cameron more air time in announcing there would be no second EU Referendum, the delay itself has released some of the pressure on the Pound.

The hearings themselves are now delayed until next week, giving a window for Euro buyers to operate in with a near guarantee of weakness to come. It’s rare that currency markets become so predictable, and those with a GBP/EUR requirement should be looking to take advantage of this.

As such I strongly recommend that anyone looking to buy Euros the side of 2016 should contact me on 01494 787 478 and ask the reception for Joshua to discuss how to fix the current GBP/EUR rates before harmful forces take over once more. I have never had an issue beating the rates of exchange offered elsewhere.


Sterling Euro gains off the back of US Jobs Report (Tom Holian)

Sterling Euro exchange rates have once again tipped past 1.40 after dipping into the 1.38 levels during Thursday afternoon’s trading session.

Thursday’s losses were caused by Bank of England governor Mark Carney’s comments that UK interest rates will stay on hold until at least Spring 2017.

This caused a huge sell off for the Pound vs the single currency but the losses were short lived following the massively better than expected US jobs report published on Friday afternoon.

There were a total of 271,000 new jobs created in the US which led to the GBPUSD rate hitting 1.50 and with Dollar strength this often results in Euro weakness which led to Sterling breaking through the 1.40 levels again.

Clearly UK inflation is causing a problem for the British economy and this is why Carney has said these comments.

However, with the Eurozone only recently hinting at further Quantitative Easing in December this is the real reason behind the recent period of Euro weakness.

Next week on Wednesday sees the release of UK unemployment data and if better than expected we could see the gains for Sterling vs Euro continue.

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



GBP/EUR best rates of exchange before the end of 2015 (Stephen Eakins)

GBP/EUR has been on a continuous slide since the news yesterday that an interest rate hike in the UK was now completely off the table until 2017. After starting Thursday at 1.42, rates cannoned down to 1.38 by Friday morning.

So the impact on Sterling following the announcement was immediate and sharp, and more is expected to come. 

Companies and individual investors will now be looking elsewhere for short-term returns on their capital – most likely the US economy and the US Dollar, who are poised to raise their base interest rate this month. They will attempt to have this finalized during November, as December is traditionally the period when financial markets wind down ahead of the holidays. So the movements on GBP/EUR this month will likely by fiercely negative and sustained.

In October, similar news about delays for a UK interest rate hike caused rates to drop down to the worst buying levels for Euros since February this year with GBP/EUR hitting 1.33.

Luckily for Euro buyers a short term bump today limited rates from continuing down below 1.38 and the rate is now just above 1.40 – strangely this was due to events over in America.

The USD/EUR is the most heavily traded currency pairing in the world, so the general rule of thumb in the currency markets is that strength for one of these currencies causes the opposite effect for the other.

Almost 100,000 more jobs were added to the US economy last month than previously expected. This almost unbelievable figure caused  huge amounts of capital to fly out of the Euro and into the US Dollar – this mass Euro sell off caused the Euro to weaken through a severe fall in demand.

It’s a gift that rates are still above 1.40, when by all rights the news from Thursday could have had GBP/EUR rates continuing to move down past 1.38.

I strongly suggest that anyone looking to buy Euros in the upcoming months and into 2016 should contact me on to discuss how to secure these high levels of exchange ahead of any expected drops. These near multi-year highs on GBP/EUR can be pegged for the coming months to avoid the expected falls throughout November, and I have never had an issue beating the rates offered elsewhere.

Those selling Euros can do the same, and we can discuss how to ride this current movement in your favour in the timeline you have to complete your transfer.

GBP/EUR rates of exchange tumble from UK interest hike delay (Joshua Privett)

For the fourth consecutive month GBP/EUR exchange rates have dropped dramatically on ‘Super Thursday’ – the first Thursday of each month where the Bank of England announce their interest rate decision for the UK economy, as well as a press conference to discuss their monetary policy statement moving forward.

Arguably the most important single factor when determining the value of any currency since the 2007/8 financial crisis has been when major economies will look to raise their rates once more. This explains why the sudden announcement from the Governor of the Bank of England, Mark Carney, that it was now unlikely that interest rates will rise until 2017, caused GBP/EUR to crash by almost 2 cents this afternoon.

As I write this article, rates are on the brink of hitting 1.39 once more and markets will likely tumble further as North American markets open and start to sell-off their Sterling in a similar fashion to the European markets.

These rates should be even lower, if not for news that the scandal over at Volkswagen has now effectively doubled its impact as the investigation is set to recall a significant number of petrol powered cars as well as diesel. The €3bn wipe off in share value allowed GBP/EUR to climb up to 1.42 very briefly yesterday. So without this short term bump GBP/EUR rates could well have fallen to 1.36 today.

GBP/EUR levels are still very attractive, but likely to continue to fall as investors unwind their positions on Sterling looking for better short-term returns elsewhere. These may well be the best GBP/EUR buying levels available before the end of the year as December is normally a quiet month on the currency markets.

As such I strongly recommend that anyone with Euros to buy over the next few months should contact me on 01494 787 478 and ask the reception for Joshua to discuss how to secure these current rates of exchange, even if you do not require your Euros until 2016. I have never had a problem beating rates of exchange offered elsewhere and I am willing to make time to help you formulate a strategy for your transfer if you cannot move immediately to maximise your Euro return.


Big Movement on GBP/EUR caused by Super Thursday (Daniel Johnson)

Ahead of the Interest rate decision and MPC vote results we saw GBP/EUR move to 1.42. Although the rate decision itself is extremely unlikely to see any change, the Monetary Policy Committee vote can move markets. There are 9 members who vote either to hike rates, keep them on hold or drop them. There was rumour that the two new MPC members could bring a rate hike vote to 7-2 against.

It came in at the usual 8-1 against which saw Sterling drop sharply against the Euro, GBP/EUR now sitting at 1.4060. Moving forward I think if the Interbank level sits above 1.40 it is still excellent time to buy Euros, especially now that Carney the head of the Bank of England has announced there will be no rate hike until 2017.

I currently have a large volume of GBP/EUR trade going through which I can tag clients on to and achieve a very favourable rate. I can guarantee to beat any competitor’s rate of exchange.

Thank you for reading today’s blog, if you have a currency requirement and would like to discuss the outlook for GBP/EUR or any other currency pairing please do get in touch I will be happy to reply personally. My e-mail address is and if you would like to give me a call ask for Daniel Johnson on 01494 787478.