Category Archives: Buy Euros
Pound to Euro exchange rates have enjoyed a positive end to the week after two weeks where Friday has forced a woeful atmosphere on many Euro buyers as they enter the weekend.
For once this currency movement had little to do with the twists and turns of the political sagas of both the UK and the Eurozone. Instead one of the side-effects of the Pound’s low value, rising prices due to the high number of items the UK exports, after many months, may finally yield to a long-awaited interest rate rise in the UK.
Interest rate rises are one of the tools used by the Bank of England to control pricing in the UK. By encouraging people to save, this should stem rising prices to some degree, given that the incentive to save rather than spend is higher – so prices aren’t driven up by higher demand.
Carney said that whilst rates won’t rise right now, there is a near certainty that they will in the future. As such the Pound has bumped upwards with speculators excited for greater opportunity on their potential returns from holding Sterling.
A rate rise would put the UK’s benchmark interest rate at 0.5%, compared to the Eurozone’s which is at a paltry 0.05% – this is why Euro buyers were the main beneficiaries off the back of the news compared to other currencies.
So what next?
Frankly, there is little else to focus on this month apart from the triggering of Article 50, but markets are worried about the setting in which it is enacted. Will the Scottish Parliament formally request another Referendum as a result? This is the key question which has dogged Sterling in the Past week.
As such with forecasts heavily dependant on an evolving landscape, it is key to have contact with a broker established ahead of time to avoid missing out in these situations – whether opportunities or sudden-drops.
If you are planning to make a currency exchange involving the Pound and another foreign currency, it’s well worth your time getting in contact with me on email@example.com in order to ensure you make a well informed decision on when to make that particular transfer, as well as benefiting from highly competitive exchange rates from one of the UK’s leading foreign currency brokerages. Just provide me with a basic outline of your currency requirement and I will be back in touch with you as soon as possible.
I have never had an issue beating the rates of exchange on offer elsewhere, so a brief conversation could save you thousands on a prospective transfer.
There are a lot of mixed opinions as to what could happen to Pound Euro exchange rates in the weeks ahead once Article 50 has finally been triggered.
As yet no formal date has been announced so we still do not know exactly when this will happen. However, according to Brexit secretary David David it will happen before the end of the month.
With Royal Assent having now been granted then the UK government could trigger it any day now so why delay?
In my opinion the government is stalling as it still does not yet know what it will do when formal negotiations start.
What is for sure is that 2 years of uncertainty will be facing the UK and if negotiations get off to a bad start then we could see huge problems ahead for the Pound.
When you look at what happened immediately following the Brexit vote back in June last year the Pound saw its biggest single daily loss in history against the Euro as well as against all other major currencies.
The uncertainty caused by what happened had a huge negative effect on Sterling exchange rates.
This time round things are likely to be slightly different however I do expect to see a huge amount of volatility coming in the direction for Sterling.
It has never been more important to be prepared for such uncertainty on GBPEUR exchange rates so if you would like further information about how I can save you money compared to using a bank when converting Euros then contact me directly.
Having seen what happened with Brexit last year anything could happen in the next fortnight.
If you would like a free quote then contact me directly with a brief outline of what you need to do including the volume and timescale involved and I look forward to hearing from you.
Tom Holian firstname.lastname@example.org
Why has Sterling fallen against the Euro this week? This is down to a number of factors with the rate to buy Euros now the lowest level since early January.
On late Friday afternoon rumours have surfaced that the International Monetary Fund may look to bailout Greece after previously suggesting that they they may slow down their loans.
This has helped the Euro to make gains vs the Pound with the biggest daily gains vs Sterling seen on Friday since last month.
The UK also posted poor Industrial Production & Manufacturing data yesterday morning and this caused the Pound to start the day off on a bad foot.
The Pound is still being negatively affected by what is happening politically in the UK with Article 50 predicted to be triggered at some point this month. However, as yet there has been no formal announcement as to when this will occur.
This has discouraged investors to hold Sterling and this is why we have seen the Pound react badly to the uncertainty.
Currency is generally affected by two main factors including economic and political data. Therefore, with a bad economic data release combined with the uncertainty of Article 50 is why we have seen the Pound fall against all major currencies including the Euro.
Next week the US Federal Reserve are almost 100% certain to put up interest rates which would typically result in Dollar strength and Euro weakness. However, with the European Central Bank having confirmed that they will taper their current amount of QE from EUR80bn to EUR60bn per month by early next year the rate rise from the US is likely to negatively affect the value of Sterling.
If you would like further information about expectations for Sterling vs Euro exchange rates or would like a free quote when buying Euros then contact me directly for a free quote and I look forward to hearing from you.
Tom Holian email@example.com
GBP EUR exchange rates have crashed in afternoon trade with rates falling below 1.14. GBP EUR has now seen a low today of 1.1385 almost 1% lower than the high. The weakness in the pound is largely due to the looming Brexit with Article 50 possibly being invoked as soon as next week. The House of Commons will be debating the recent amendments put forward by the House of Lords and there is likely to be considerable volatility around these discussion. Those clients selling Euros are seeing an excellent opportunity to sell and there may even be a little more room left in this rally. For more information on these essential developments please get in touch and I will be happy to try and assist with the timing of any exchange.
The Euro also appears to be finding support from comments this afternoon from the International Monetary Fund who are seeking to find an agreement for the next Greek bailout to go ahead. This appears to have been the trigger for rapid Euro strength this afternoon and there is likleyt oeb considerably more from this story.
The Euro has seen some support offered following the European Central Bank meeting yesterday. In the subsequent press conference ECB President Mario Draghi was more optimistic with the European outlook and this appears to be helping the Euro. Whilst he was not hawkish the recent rise in inflation has given the central bank some comfort and there is no urgent need to take policy action. For me this looks like we are coming to the end of the road of its asset purchasing scheme.
If you would like further information on Euro exchange rates or any of the major currencies and to discuss how we can assist then please feel free to contact me on 0044 1494 787 478 and ask one of the team for James. Alternatively, I can be emailed directly on firstname.lastname@example.org
Draghi showed his prowess at public speaking today. Addressing concerns in the Eurozone and providing solutions for potential problems. I have to admit this guy is good. He seems to address serious problems in the Eurozone with an “everything will be O.K fashion.”
I have witnessed Draghi convince the market with words in the past, despite actions to the contrary by the ECB in the past. I distinctly remember an occasion when it was announced Draghi would be increasing stimulus to the QE program to the tune of €20bn a month, the markets reacted to his reassurances of stability rather than the action of pumping €20bn into an struggling economy.
My opinion is that the Euro is in for a rough year. Three general elections will take place this year. There is the strong possibility a far right party gaining power in one of these elections which would could bring about a referendum. We have witnessed the damage caused to Sterling by the vote to leave the EU. Geert Wilder is ahead in the polls in the Holland (although it will be difficult for him to establish a coalition) and Marine Le Pen the leader of the National Front has a real chance of winning.
Let us also consider Italian bank’s bad loans, now in excess of €360bn due to their lack of a contingency plan. Greek debt, the problem that will not go away and unemployment within the bloc bordering on 18 million.
Short to medium term the pound has potential to fall due to the uncertainty surrounding Brexit. But, my opinion is similar to that of Morgan Stanley analysts.
“The pound is one of the most undervalued currencies in the world and will return to pre-Brexit levels.”
I do not think Sterling’s value will rise quickly, but as trade deals become more apparent I am of the strong opinion the pound will rally.
If I was holding Euros, I would sell now. Moving when GBP/EUR sits in the 1.14s is not a bad move considering what could lie ahead.
If you would like my assistance with your trades, do get in touch. I can be contacted at email@example.com. Thank you for reading.
The rate to sell Euros has hit its best level in two months against Sterling as problems concerning the triggering of Article 50 continue to weigh heavily on the Pound.
The Euro is also up against the US Dollar this morning as it appears as though the French political situation is driving sentiment for the single currency.
The big news of the day will come at lunchtime when the European Central Bank meet today. There is little expectation that the ECB will change any monetary policy but the subsequent press conference when ECB president Mario Draghi speaks could cause some volatility for Sterling vs Euro exchange rates this afternoon.
When we look at what is happening politically in France at the moment the far-right candidate Marine Le Pen appears to be leading the vote and is likely to get through the first round of voting which takes place on April 23rd.
However, the general expectation is that she will lose the next and final round which takes place on May 7th. This is another reason why the Euro has started to make gains vs the Pound over the last fortnight.
The EU summit is due to take place today with the main two talking points to be discussed both Greece and the Brexit so expect further volatility for GBPEUR exchange rates over the next 24 hours.
However, the overall influence for the value of Sterling will be the issue of Article 50 and until this has been resolved and we get some form of clarity as to when negotiations can start I expect the Pound to suffer against the Euro.
For further information about the process of buying or selling Euros or if you’d like a free quote then contact me directly. Working for one of the UK’s leading currency brokers I am confident that not only can I offer you bank beating exchange rates but also help you with the timing of your currency transfer.
Tom Holian firstname.lastname@example.org
Sterling saw a very gradual decline throughout last week against most currencies, most noticeably on Pound to Euro exchange rates, which saw a good chun of the gain made during February on the pairing evapourate fairly quickly.
The reason for the Pound’s deterioration was also due to surprise events last week which was a stark reminder to how fluid the current political landscape is, and how this is translating into changing trends on GBP/EUR rates of exchange.
The first surprise came in the confident dismissal of the House of Lords’ attempts to amend the Brexit Bill. Whilst many can agree with the morality of their attempts, what currency markets have seen is the ineffectuality of the Lords’ attempts to intervene.
Markets are much more concerned with the guarantee of a Parliamentary vote on any eventual deal reached with the EU, this now seems much less likely of being realised.
With Article 50 now just around the corner, Pound to Euro exchange rates are now gradually declining with the news.
Next week the calender looks fairly quiet for economic performance date for the UK or the Eurozone to affect currency rates of exchange, so this current trend could continue unless a further curveball hits the wire.
With the upcoming Dutch and French elections nothing can be ruled out.
All of a sudden, it is now Euro sellers seemingly with who are seeing greater opportunity than risk in waiting for improvements on the exchange rates.
As such, depending on your timeframe for a transfer, if you are purchasing Euros using Pounds, or vice-versa, it’s well worth your time getting in contact with me on email@example.com in order to ensure you make a well informed decision on when to make that particular transfer, as well as benefiting from highly competitive exchange rates from one of the UK’s leading foreign currency brokerages. Just provide me with a basic outline of your currency requirement and I will be back in touch with you as soon as possible.
There are many factors this month which are currently affecting the rate to buy and sell Euros with the current overriding factor the issue of Article 50.
Currently the House of Lords has challenged the Brexit bill with the Lords wanting to retain the rights of European people living and working in the UK.
They are also looking to arrange a reciprocal deal with Europe to protect the rights of Britons living abroad. This latest challenge to the government has set back their plans at least for the time being.
This has caused the Pound to drop vs the single currency but I think once the Dutch and French elections begin then this could cause the Euro to face problems in the future.
It is clear that Sterling is struggling with the Brexit uncertainty and this is likely to weigh heavily on the Pound for the time being.
However, with Geert Wilders likely to be the winner when the Dutch elections take place in just less than 2 weeks time as he is the leader of a far-Right party who wants to hold his own referendum about the Netherlands staying in the European Union then this could cause weakness for the single currency.
There is also the problem ahead for the Euro with the French elections due to start of 23rd April. It appears as though Marine Le Pen will make it through the first round of the voting and could be one of two candidates to potentially win when the final vote takes place on May 7th.
If she does win this could cause longer term problems for the single currency vs Sterling so if you are worried about what may happen to Sterling vs the Euro in the weeks ahead it may be worth buying a forward contract which allows you to fix your exchange rate for a future date for a small deposit.
To find out more information or for a free quote when buying or selling Euros then contact me directly and I look forward to hearing from you.
Tom Holian firstname.lastname@example.org
The pound has fallen lower against the Euro today with rates breaking into the 1.15’s for this pair. The pound has been hampered with a potential slowdown in the Brexit process with the House of Lords seeking to make an amendment to protect the rights of European nationals living in Britain before exit negotiations actually commence. If the House of Lords do not back down on this issue there is chance that UK Prime Minister Theresa May could find herself in a position where Brexit could be delayed.
The prospect is an immediate concern for the pound as considering it has been almost 9 months since the Brexit vote to leave the EU and still nothing has happened. The general feeling is that individuals and businesses now require clarity which will follow once Article 50 has been invoked. Any delays in the process could create additional uncertainty and the pound may have further to fall in this instance.
However the general feeling is that the Lords will be forced to back down in which case the pound could see a brief rally shortly after.
In the Eurozone a poll today has put French Presidential candidate Emmanuel Macron ahead in the polls which has proven to be a boost for the Euro. There has been a huge amount of volatility for the Euro as the prospect of a Marine Le Pen win is a damaging prospect for the European Union and also the Euro. There is going to be considerable volatility over these next couple of months as the Dutch and French elections rapidly approach.
If you would like further information on sterling or Euro exchange rates or any of the major currencies and to discuss how we can assist then please feel free to contact me on 0044 1494 787 478 and ask one of the team for James. Alternatively, I can be emailed directly on email@example.com
Whilst the above states the Pound is weakening, I would urge that this is a marginal movement, something which we have become accustomed to in recent weeks.
The negative trend is -0.18% as I type this, but movements on Friday’s have been prone to be detrimental to Euro buyers in the past. This is because investors seek to even out the risk in their portfolio as they head into the weekend, as a result, some of the less stable currencies tend to lose out in these situations.
Whilst markets are closed over the weekend, markets do still move in the period between 6 (when most traders leave their desks) and late evening, when North American markets are still open an trading. No-one wants to be caught out in the open as it were with the exchange rates, and, as such, stable currencies are bought up in droves. Early indications this morning, with the Dollar rising and the Pound falling, suggests this weekend may be no different.
The Pound tends to suffer the most as well, particularly given that large amounts of news are released over the weekend on the political spectrum, with commentaries from leading politicians in the UK and across the Channel over the Brexit topic governing exchange rates heavily. Euro buyers may be wise to seize current levels as they are now.
If you are planning to make a currency exchange involving the Pound and the Euro, it’s well worth your time getting in contact with me on firstname.lastname@example.org in order to ensure you make a well informed decision on when to make that particular transfer, as well as benefiting from highly competitive exchange rates from one of the UK’s leading foreign currency brokerages. Just provide me with a basic outline of your currency requirement and I will be back in touch with you as soon as possible.
You can also call in and ask reception to speak with Joshua on 01494 787 478.
The House of Lords voted yesterday in favour of protecting EU citizens rights who are residing in the UK. The pound suffered as a result as this could potentially delay the invocation of article 50. The PM has however made reassurances that this will not cause a delay in an official exit from the EU.
Personally I am surprised the market reacted in this fashion. I am not surprised this amendment was made and I would not expect it to delay the triggering of article 50.
The brexit bill will now be handed back to the House of commons for approval. I doubt there will be much resistance. If more amendments are made however we could see political ping-pong as the bill passes back and fourth between houses.
Between now and the triggering of article 50 the markets will be extremely difficult to predict. If you have to trade during this period it is vital to be in touch with an experienced broker. If you would like my no obligation help drop me an e-mail at email@example.com. Let me know the currency you are trading, your time scale and a ball park figure as to the size of your trade and I will endeavour to provide a trading strategy to suit your individual requirement.
After the invocation of Article 50 I expect Sterling to gain strength. Sterling’s current position is due to the uncertainty surrounding trade negotiations, when there is more clarity in regards to trade deal I am confident the pound will gain momentum. Morgan Stanley analyst are of the same opinion, stating “the pound is the most undervalued currency in the world and it will return to pre-brexit levels.
The Euro could be in for a rough year with three general elections with the possibility of far right parties gaining power and the chance of referendums. Add in Greek debt and Italian Bank’s bad loans in excess of €360bn and we could be seeing the Euro in a much worse position later in the year.
Pound to Euro exchange rates have once again fallen owing to the news from the House of Lords that they will be challenging the Brexit bill put forward by the government.
This could delay the triggering of Article 50 and highlights the uncertainty surrounding what is happening and each time an obstacle is put in front of the government this causes the Pound to weaken vs the single currency.
The House of Lords is concerned with the rights of European citizens living and working in the UK and they would like to have a reciprocal arrangement to be agreed in Europe to protect the rights of Britons living in Europe.
The announcement from the House of Lords has come as a surprise to the markets as the expectation was for them to simply agree what the House of Commons had suggested previously.
The foreign exchange market does not react well to uncertainty and this is the reason for the Pound’s demise.
If you have been reading many of my previous articles I have been highlighting the problems being faced for Sterling exchange rates at the moment and until we get some form of clarity the Pound is likely to continue to struggle.
Longer term once the French elections become headline news I think we could see the Euro weaken against the Pound as Marine Le Pen who has already suggested that she may look to bring back the French Franc is currently one of the favourites to win.
Therefore, if you need to buy Euros in the short term it may be worth organising your transfer soon.
Having worked in the foreign exchange industry since 2003 I am not only able to offer you bank beating exchange rates but also help you with the timing of your transfer of funds.
If you would like further information or would like a free quote when buying or selling Euros then contact me directly and I look forward to hearing from you.
Tom Holian firstname.lastname@example.org
GBP/EUR rates have fallen during Monday’s trading, with the pair hitting 1.1709 at today’s low.
Sterling has hit something of a glass ceiling over recent days, as it struggles to make a sustained impact towards 1.20 under the current market conditions.
The EUR found support around 1.18 and whilst the single currency also finds itself under pressure due to political and social unrest across the region, the on-going uncertainty surrounding Brexit continues to handicap any major advances for GBP.
The markets have also likely reacted to a report that Scotland seem to be edging closer to a second independence referendum, with many North of the border seemingly keen to remain part of the EU following the UK’s decision to leave.
The House of Lords are still debating the governments Brexit bill and any amendments they wish to make would have to be sent back to the House of Commons. Although we have yet to hear any indication that this will occur, any delay by the House of Lords would likely push back the triggering of Article 50, which will officially start the process of leaving the single member state.
Much of the current market sentiment is being driven by how the UK economy will perform over the coming months. Whilst Sterling has certainly gained a foothold following its downturn, there are still many unanswered questions regarding how we will facilitate our exit from the EU and what deal will be in place once we do?
There has already been some concerning figures mentioned by the European Commissioner, who stated that the UK will be penalised 50 billion for leaving the single market. This is hardly news which is likely to boost investor confidence in the UK economy moving forward, so it’s no real surprise to see Sterling’s recent upturn halted rather abruptly.
Personally I would not be gambling on any major advances for the Pound in the short-term and I would look to protect Sterling’s recent gains.
If you have an upcoming GBP or EUR currency transfer to make, then we can help you navigate this turbulent market by keeping clients up to speed with all the latest developments regarding Brexit and beyond.
If you would like us to monitor the market for you ahead of a currency exchange, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me directly on 0044 1494 787 478 and ask one of the team for Matt.
Alternatively, I can be emailed directly on email@example.com.