A good week for GBPEUR exchange rates

This week the pound has gained momentum against all of the major currencies and in particular the euro. GBPEUR exchange rates have been trading close to a 6 month high and many of my clients have taken advantage.

Early in the week average earning numbers exceeded expectation which was a big surprise as the Bank of England have been predicting that average earnings would continue to fall in the months to come. The problem the Bank of England have been facing is that inflation numbers have been outpacing average earnings.

Earlier today UK GDP numbers have also impressed. The consensus for the quarterly figures were 0.4% and the numbers were released at 0.5%. Furthermore the yearly numbers were set to be released at 1.4% and the number was released at 1.5%.

Central levels of exchange have finished in the 1.14s and for any client buying euros this is a window of opportunity that you may want to take advantage of. In the last 3 weeks, exchange rates have improved by 3 cents and I cant see how we are going to see any further improvements short term.

If you reading this website for the first time as you need to convert GBPEUR, feel free to email me with the reason for the transfer (company goods, property purchase) and timescales you are working to and I will respond with my forecast and the options available to you drl@currencies.co.uk. Alternatively if you would like to discuss your requirements over the phone call 01494-787478 and ask to be put through to Dayle Littlejohn.

If you are already using a brokerage and would like to a free quote 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.

Common clients I help on a daily basis are Sole traders, MD or FD of a company, property buyers and sellers. If you are one of the three and are currently using the bank to transfer your currency you need to be made aware that you could be saving money!

 

For more news on foreign exchange rates and to request a free no-obligation quote visit www.currencies.co.uk