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 [...]
The UK and Sterling seem to be going from strength to strength recently with more and more positive data coming out of the UK but will this Sterling strength continue? In my opinion I think there is a major possibility. Sterling has come a long way since hitting a low point after the UK lost [...]
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! [...]
For the first time in many months we have some positive news for the pound! Hurrah! The UK did not triple dip and the pound has strengthened improving by well over 1% against the euro so far. We have been warning about the importance of today for months as we knew it had the potential [...]
GBPEUR proved yesterday again to the market why it is one of the most unpredictable pairs right now. In early morning trade an increase in UK Unemployment data caused the pound to lose ground with rates dropping to 1.1577. Then within a few hours a hint of the ECB (European Central Bank) cutting their interest [...]
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 [...]
It has been a fairly quiet day with regards to GBP/EUR rates, with a high of 1.1807 and a low of 1.1771 but I think this could all change tomorrow. There are a couple of very key data releases coming out tomorrow which have the potential to rock the markets. First up at 12pm we [...]
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. [...]
We have seen GBP/EUR rates drifting up today, in fact we have seen over a one cent movement over the last 24 hours with a high of 1.1778 and a low of 1.1663. There is no doubt that the market is very volatile at the moment with so much uncertainty in both the UK and [...]
Well after all the doom and gloom it is good to post with good news! Many clients have stuck their transfers in today taking advantage of the one month high buying euros with sterling. For me this looks like a spike to take advanatge of. Yes the Cypriot situation could cause further improvements but there [...]
Exchange rates globally are currently being driven by a small island in the med, the 3rd smallest economy in the Euro zone, Cyprus. At the weekend it was confirmed that to take a EU bailout to prop up their failing banks due to exposure to the Greek market, they would need to raise funds from bank [...]
Today has been a fairly quiet day on the markets, with no major data releases today for either Sterling or Euro. Towards the end of trading today we have seen Sterling strengthen slightly, with no clear cut reason for this Sterling strength it seems as though some investors may be expecting some positive data from the [...]
There is no significant sterling data tomorrow but I still expect we will see fairly a busy day as markets adjust from today. The lack of QE by the Bank of England helped the pound briefly but European Central Bank indications that the Euro zone situation is not quite as bad as many think helped the [...]
This week looks like it could follow suit with the previous one when it comes to the volatility of GBP/EUR rates. The start of the week has been fairly quiet with the only data release affecting the rates seeming to be the worse than expected PMI Construction data coming from the UK. This came out [...]
The current GBPEUR outlook is rather negative and the poor economic data releases being released for the UK are not helping. All of the news quite frankly has been poor and this increases the likelihood of more QE or Quantitative Easing this week. We expect this would weaken the pound and make Euros more expensive [...]
The tug of war between Sterling and Euro is still going strong with no sign of it finishing any time soon. GBP/EUR rates have been tremendously volatile in recent days and I think we could see this trend continue in the coming days or weeks. We started the week with the UK losing their AAA [...]
Good Morning Readers, I hope you are well. Overnight we saw some exceptional volatility on GBPEUR as investors tried to second guess the outcome of the Italian elections. With no clear overall winner being established it looks like a deeply uncertain time again for Europe and hence the euro has weakened. GBPEUR saw yesterday a 3 [...]
If you are looking to make an exchange involving the pound and Euro a bit of careful planning could save you thousands of pounds. Just this week the difference between the high and the low has been over 2%. On a €100,000 transfer back into GBP you are looking at a difference of £1700 and [...]
We have seen continued weakness from Sterling recently against both the euro and dollar. As of late GBP/EUR rates have been trading very close to a 15 month low with GBP/USD rates following the same trend hitting a 7 month low yesterday. There is a lot of pressure being put on Sterling at the moment [...]
I expect there will be further GBP weakness in 2013 but for the time being (subject iof course to worse data) the immediate pressure is off. Talk yesterday of political issues in Spain caused some Euro weakness and helped the pound to claw back some of the losses from Friday. The next milestone before Thursday’s [...]
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