The timing of your exchange is critical to getting the best exchange rate on an international money transfer. Holding on or moving sooner by only a few days can literally save you thousands of pounds. But how do you know when to hold on and when to move quickly? There is of course no way [...]
Wobbles yesterday for the pound have proved short lived but remain. Fears over the damage to the UK economy from pulling out of the EU hurt sterling but it has ebbed back up. I think very soon in the coming weeks and months a 1.20 trading level is realistic but a few things need to [...]
The pound is up at a near 3 month high against the dollar and fell from a 4 month high against the Euro before the key BOE meeting later today. The bank is expected to keep their asset buying program on hold for another month while they wait for the new Governor to start on [...]
Morning readers, And if in the UK how good to see some sunshine! In summary this week on GBPEUR I think we may see some downward pressure again on sterling but Thursday is the key date which will determine where rates go. Regarding sterling growth of 0.3% is hardly anything to get too excited about! [...]
There is a whole host of economic data still to come this week and it looks to me like those most prepared will get the best deals. With no clear direction being established on the exchange rate pairing we are seeing lots of volatility which will affect your rate. The exchange rate is very sensitive [...]
This week looks like it could be a bad week for sterling and I think Wednesday will be the key date. Wednesday morning we will learn if the Bank of England considered anymore QE (Quantitative Easing) at their last meeting back at the start of the month. We are expecting no real changes but it [...]
Good afternoon, Sterling has once again had a strange week on the currency markets, gaining a little further ground against the Euro, however losing a little value against the majority of major currencies. Much of the losses seen for Sterling can be put down to the possibility of the U.K having another credit rating downgrade, [...]
GBPEUR has dripped below 1.18 due to poor UK retail sales and a general lack of steam from yesterday’s rally. Ultimately the reasons for the improvement were solely due to comments from the European Central bank that Cyprus was a test case. These comments have since been taken back and hence the rate has fallen a little. [...]
Today could prove to be a very volatile day for the GBP/EUR pairing with the Bank of England and the European Central Bank releasing their interest rate decisions at 12:00 and 12:45 respectively. Expectations are for both central banks to keep the base rate on hold at 0.5% and 1% and I would expect little [...]
Anyone looking to buy Euros with Sterling is likely to get very little change in the coming weeks with the Bank of England appearing determined to talk down the value of Sterling. Following comments made by Martin Weale a senior member of the MPC (Monetary Policy Committee) that the pound may need to weaken further [...]
Anyone with an interest in this pairing should keep a close eye on Euro Zone GDP data at 10:00 this morning. Expectations are for a fall of -0.7% down from -0.6% the previous quarter. This release or worse and I think we may see some opportunities for Euro buyers. This week, as with last has [...]
Anyone reading this site who is fairly savvy on transferring money abroad may think that we are just ‘another currency broker’ and that they are all the same. Well at 10.30 today I had a new client contact me on one of our sister sites buying €210,000 on a forward contract. He was already dealing [...]
Pound exchange rates have struggled since the start of the year against most majors bar the US dollar, the burning question for many is will this continue? For me I am a little surprised at some of the moves, in particular the heavy losses we have seen against the Euro. I for one am still confident [...]
Rates of exchange have fallen this morning for EURO buyers as data continues to show an improving picture for Europe. European Retails Sales, Economic Sentiment and Service Sentiment all showed improvements in data which was released this morning. Unemployment in Europe did also go up but the markets I think are expecting jobless figures to [...]
Today we have a busy day on the markets and could move the price of the euro by a cent, costing you potentially anything up to £2,250 more for a €200,000 purchase. The reason being we have both the Internet Rate Decision for the UK and Europe, plus the latest figures about the GDP for [...]
GBPEUR has suffered this afternoon as fears over the budget for tomorrow in the UK mix in with renewed confidence for Greece. The Spanish bank ‘aid’ announced is also easing the recent fears over the Euro debt crisis. Quite simply we haven’t had any bad news for the Euro and investors attention is now returning [...]
Yesterday we saw the Euro strengthen due to rumours that Greece would receive further funding to ease their monetary problems. GBP/EUR rates hit a low of 1.2414 throughout yesterday, pushing the 1.24 mark and are currently remaining around these figures today. This week we will see some important data releases with regards to GBP/EUR rates and we [...]
Currency markets, as with much of the rest of the world will be eagerly awaiting the result of the US presidential election that will be drawing to a conclusion today. Polls suggest the contest is incredibly close between President Obama and Mitt Romney, but what will the likely affect be to the currency markets? The [...]
Whilst I have no particular plans for Halloween I thought I would mark the occasion with a post, although for once there appears to be less than usual to be scared of on GBPEURO! This is presenting a good opportunity for both buyers and sellers to take stock of what has happened and where rates [...]
I have a huge amount of clients in the middle of buying a property overseas at present and the general thought on their minds is should I buy my currency now or shall I hold on until closer to completion? Always a hard choice and one way to look at it is that you would [...]
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