Tag Archives: best UK exchange rates

A stable government is needed for a Pound rally (Daniel Johnson)

Theresa May’s position has now been brought into question following her call for a snap election and the aftermath. Her decision to call an election when the opposition seemed so weak back fired when the conservatives failed to win a majority victory. Attacking tory core voters was deemed a poor move by senior conservative members. The PM’s stance on Brexit is causing much unrest, with the DUP now in place alongside the conservatives it has been rumored we could be moving towards a softer Brexit. If her stance changes she could be ousted from her position, This could well cause further political uncertainty and could cause the pound to weaken further as investors lose confidence.

For Sterling to rally it is vital a stable government is in place.

Keep a close eye on Brexit negotiations as they unfold this will be key to GBP/EUR buoyancy levels moving forward. The magnitude of these talks should not be underestimated, they are the most important talks for Britain in the last 50 years. Many have the opinion these negotiations could take far longer than the two year target. I think this could well be the case when you take into account the quickest negotiation for the US and another country took four years.

It is important to take into account if that if Brussels choose to play hard ball it could be detrimental to all those involved. Britain is one of the largest economies in Europe, the cost to other countries would be substantial if trade laws become problematic. Germany would be particularly effected when you look at the amount exports to the UK. The car industry would definitely be an area hit.This could cause negotiations to go through more quickly than anticipated, although the two year target still seems unrealistic.

If you have a currency requirement I will be happy to assist. If you let me know the details of your trade I will endeavor to produce a trading strategy to suit your needs. If you have a current provider I will be happy to perform a comparison and I am confident I can demonstrate a considerable saving. It will only take a few minutes and could potentially save you thousands. I can be contacted at dcj@currencies.co.uk. Thank you for reading.

Sterling rises as negotiations begin, but will the Pound to Euro rate continue to climb as they continue? (Joseph Wright)

The Pound has edged up today against the Euro as well as against other major currency pairs, making the buying of oversea’s currencies a cheaper proposition than yesterday.

The reason behind the positive movements for the Pound can be put down to the latest updates regarding the Brexit process. It appears that the early stages of the Brexit negotiations are going quite well, which has boosted sentiment surrounding the UK economy moving forward and therefore the Pounds value.

I think that moving forward if the negotiations continue to go relatively smoothly, we can expect to see the Pound begin its recovery from its current levels, especially when when consider how the Pound is trading around historical lows against many currency pairs at the moment.

Against the Euro Sterling has lost around 5 cents over the past month or so, so there’s certainty scope for the currency to gain if things go to plan.

Next week Friday is likely to be once of the busiest days for GBPEUR as GDP data for the UK will be released around 9.30am. The expectations are for 2% annual growth so we’ll see how the currency performs in the wake of the news.

If you have a large currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency. A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Joseph Wright) on jxw@currencies.co.uk and I will endeavour to get back to you as soon as I can.

Queen’s Speech set to cause swings on GBP/EUR (Daniel Johnson)

Could a firm Government cause a Pound rally

Today at 11.30am we will see the state opening of parliament and the Queen’s speech. This had been delayed as the conservatives and the DUP attempt to put a coalition deal together. There has been rumors the negotiations have been problematic with the DUP stating conservative negotiators have been poor. Let us hope this is not a sign of things  to come considering Brexit negotiations have just begun.

Political uncertainty historically weakens the currency in question and the current situation is a clear demonstration of what a country without a government does to the value of the currency in question. There is also in house troubles within the Tory party with senior conservative members giving eight days for Theresa May to prove her credential as PM or risk a leadership challenge. If her stance is changed on hard Brexit we could well see this occur. This could happen as the DUP wish to have a soft border between Northern Ireland and Southern Ireland, this would go against May’s plans for a hard borders which would be a feature in a hard Brexit. We are currently in political limbo and many are expecting Sterling to rise in value once we have a government in place. Although this is definitely a probable outcome I am of the opinion a conservative-DUP government is already factored into current exchange rates. The big market mover will be which course of action the government will take in regards to a hard or soft Brexit.

If you have a currency requirement and would like the assistance of a skilled broker feel free to get in touch. If you let me the details of your trade I will endeavor to produce a free, individual trading strategy. I can be contacted at dcj@currencies.co.uk. (Daniel Johnson)

Sterling rises after Bank of England hints at a rate hike (Joseph Wright)

The Pound appears to have consolidated above 1.14 against the Euro, making the buying Euro rate cheaper for those holding Sterling.

There are current 8 voting members of the BoE and yesterday almost half of them voted in favour of hiking rates, which caused the Pound to jump by over half a cent as soon as the news broke around lunchtime.

The reason behind the Bank of England’s voting members that would like to see a hike is most likely the rising rate of inflation in the UK, which is eating into consumers spending power as wage growth is beginning to stall within the UK.

Raising the interest rate would act to lessen the blow and it’s also a positive for the Pound so I do think we can expect to see the Pound climb if rates are going to rise for the first time in a decade.

Later this morning the Bank of England’s Quarterly Bulletin will be released which could send the markets either way depending on what’s said. If you would like to be kept updated with data releases that can impact your upcoming currency exchange plans do feel free to get in touch.

If you have a large currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency. A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Joseph Wright) on jxw@currencies.co.uk and I will endeavour to get back to you as soon as I can.

Buying Euro rates see first signs of life since election result (Joshua Privett)

GBP/EUR has risen half a cent at the time of writing this article due to some very positive economic data in the UK cutting through some of the election noise.

Euro buyers seem to have found some support now that Theresa May has had positive meetings yesterday with her own conservative party, quelling rumours of a potential leadership challenge and painting the picture of a Government on the mend.

This was compounded today with positive murmurings coming from talks between Theresa May and the DUP in the first official steps to forming their informal partnership whilst the next government sits to perform its duties.

The manifesto will still need to be debated in Parliament, and, as such, is not out of the woods yet, and May needs to get a consensus on which features of the manifesto should be revised to meet the surge for opposition support.

For now however, the Pound seems set for improvements. Even the economic sphere is giving Sterling a helping hand.

Today inflation data for the UK economy showed thriving spending activity, pushing price rise rates up close to 3% for the year at 2.9%. Given that 60% of the UK economy is made up from domestic consumerism this is important, but there are also indirect benefits.

On Thursday the UK has its next interest rate decision and monetary policy statement. Given that a high interest rate (and this is high, the Bank of England tends to have a target rate of just 2%) is normally a prompt to raise rates and control spending activity, the UK may see policy lean more towards raising rates in the near term.

Such a move will certainly benefit the Pound’s value.

I am well positioned to assist anyone with a buying or selling Euro currency requirement to time their transfer and stay informed in this fluid marketplace. You can contact me directly on jjp@currencies.co.uk to discuss a strategy for your transfer and your options.

One final point is that I have never had an issue beating the rates of exchange on offer elsewhere, and these current buying levels can be fixed in place for a future requirement you have planned using only a small deposit, eliminating any risk from further currency exchange movements.

Election week is heating up. How will it effect the currency market? (Daniel Johnson)

Labor only 4 points behind the Tories

Labor are now very close in the polls to the conservatives. The latest YouGov poll has a gap of just four points. Historically, during an election the currency in question weakens. As a rule, the more uncertain the outcome, the weaker the currency. The conservatives are deemed as a safer bet for the UK economy than Labor. When the snap election was called we saw Sterling strengthen against the majority of major currencies due the significant lead in the polls. This gap has been cut which is why we have seen the pound drop in value.

If the conservatives gain a majority victory I would expect to see Sterling strengthen. If there is not a majority victory expect further falls for the pound. A hung parliament I would expect to see further falls for the pound. Despite many parties stating they are not willing to form a coalition with particular opposition,I’m sure they will soon change their tunes when they see the opportunity for power. As demonstrated by the Lib Dems in 2010.

If there is a coalition this could cause problems for the pound, parties combined with differing manifestos means getting anything through parliament will be problematic, but the major concern is how this will effect brexit trade negotiations. Potentially, Labor could form a coalition with more than one other party which could be considered worst case scenario for negotiations. I would not expect a pound  recovery in the event of this outcome.

If you have a currency requirement it is absolutely crucial to be in touch with an experienced broker who has traded through similar periods of volatility. We have contract options available that can put you in a position to trade even if your funds are not available, this should definitely be considered for those who are waiting on their Euros to released from other assets. This could be a small window of opportunity.

If you let me know the details of your trade I will endeavor to get back to you within 24hrs with a free, trading strategy to suit your individual needs. If you already have a currency provider I will be happy to perform a comparison and I am very confident I will be able to demonstrate a considerable saving. I can be contacted at dcj@currencies.co.uk. I look forward to being of help.

 

Sterling to Euro rate continues to trade towards the lower end of its current range, will this trend continue? (Joseph Wright)

The Pound is continuing to come under pressure as we get closer to the election, especially as a number of prominent opinion polls this week have shown that the lead the Conservatives had is diminishing with some suggesting that they may not win a majority of seats required.

If the option polls are correct we could be looking at another Hung Parliament in the UK which I believe would push the Pound lower and probably back towards the 1.10 mark.

The current trend for the GBPEUR pair is between 1.1350 up to 1.1950 although a couple of times towards the back end of last year the rate did touch 1.10 twice before seeing support.

A steep drop for Sterling is in my opinion likely if a Hung Parliament is announced, and I don’t think that the current UK Prime Minister has done herself many favours this week by not attending the debates between the political rivals in the race for number 10.

If you would like to be kept up to date with the latest market updates do feel free to register your interest with me and I’ll be happy to keep you updated.

If you have a large currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency. A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Joseph Wright) on jxw@currencies.co.uk and I will endeavour to get back to you as soon as I can.

Pound to Euro rates soften slightly after Monday recovery (Joshua Privett)

Pound to Euro rates of exchange have seen a marginal correction after the recovery recorded during the Bank Holiday period yesterday.

The heaviest falls to Sterling’s value came last week when it emerged that the election was much closer than first thought, and currency markets began scrambling over themselves to seek protection from what could end up being a very uncertain election period.

The margin for error is now very close. The expectation of a Conservative majority based on polling is similar to what the Remain camp were forecasted to win by in the Referendum last June. As such the confidence necessary to keep demand for Sterling high and therefore trading well against other currencies has been hindered somewhat.

We saw a recovery yesterday which is fairly common following large currency exchange movements, as markets re-balance waiting for more news about the upcoming election.

Without demand for Sterling its value would career downwards, making the Euro a more expensive prospect for anyone with an upcoming requirement.

Anyone with a Euro requirement in the immediate term may be wise to contact me to discuss a strategy on how to approach the vote to secure any targetted peaks and ensure you are better protected from any downside risk.

It could even be that the slight resurgence on exchange rates recorded today will be the best buying levels available before the election itself.

I have never had an issue securing more commercial exchange rates than what is on offer elsewhere. Contact me over the bank holiday weekend on jjp@currencies.co.uk while markets are closed for a short discussion concerning your personal situation.

Pound to Euro exchange rates take another dip following poor inflation figures (Joshua Privett)

Pound to Euro exchange rates have unfortunately taken a further tumble this morning as fears about inflation appear to be manifesting.

There is a very intimate relationship between interest rates and inflation which is why Pound to Euro exchange rates did not fare too well today when it was revealed inflation growth appeared to be ‘petering out’.

Growing inflation is a concern for Central Banks, as this suggests that prices are ‘running away’ from the ability for consumers to buy. A common tool to combat this is to conduct interest rate rises to curb spending by increase the incentive to save – in turn keeping prices lower.

The secondary effect of this is that the Pound tends to get a bit of a boost. If interest rates rise then holding Pound’s produces a higher yield, and this means you should normally see its value rise due to increased demand.

However, inflation is not rising fast enough to justify this, and it has lend credence today with the confirmation of the inflation rate that it is unlikely the UK will be seeing an interest rate hike.

This negative outlook for the Pound fed into markets immediately today, which is why GBP/EUR tumbled to begin today’s trading session when the news came out at 9:30am.

This will likely be the dominant narrative moving forward this week, so Pound to Euro buyers may be wise to move sooner rather than later to avoid a difficult day when buying an upcoming currency requirement.

This will likely dictate Sterling rates for the rest of the week, so anyone planning a transfer can contact me on jjp@currencies.co.uk to discuss a strategy for your transfer based on the outcome aimed at maximising your currency return, whether this be buying or selling Euros.

I have never had an issue beating the rate of exchange offered elsewhere, so a brief conversation could save you thousands on a prospective transfer.

How will the UK General Election effect GBP/EUR? (Daniel Johnson)

Will the Election cause Sterling weakness?

Theresa May announced a snap election to take place on 8th June. Historically a snap election would cause the currency in question to weaken, however on his occasion we saw the opposite occur. Following the announcement Sterling strengthened over the Euro. It is important to remember the market moves on rumour as well as fact. It was a shrewd move by May to announce the election while the opposition is so weak. Due to the conservatives clear lead in the polls, I am of the opinion a conservative victory is already factored into current rates of exchange. I would expect little movement on GBP/EUR if the conservatives win. It is when the unexpected occurs you can expect significant movement on the exchange.

We can use the recent French election as an example. After the first round of voting, the field was broken down to two candidates. Macron and Le Pen. Macron was so dominant after the first round the Euro strengthened due to Macron’s pro EU stance. However, when his victory was confirmed we saw little movement on GBP/EUR.

Super Thursday

Thursday brings the UK interest rate decision. I would be very surprised to see any change. It will be interesting however to look at how the monetary Policy Committee (MPC) votes. The nine members vote on whether there should be any change in interest rates, if a member’s vote changes from last month’s we could see movement on the market as this is an indication a change in monetary policy could be on the cards.

We also have manufacturing data which is expected to show a slight decline, any variation from the prediction could result in volatility.

If you have a currency requirement I will be happy to assist. I will provide an individual trading strategy with no obligation to trade. If you already have a currency provider let me know what you are being offered and I am confident in showing you a considerable saving. Feel free to contact me at dcj@currencies.co.uk. Thank you for reading.

 

 

Will GBPEUR rise or fall on the French elections?

The general impression is that  GBPEUR will rise since the French election offers lots of potential for Euro weakness in the coming months. The overall impression on financial markets is that a Le Pen or Melenchon victory would severely weaken the Euro, with a real chance at least one of these candidates will make it through to the second round after Sunday’s first round vote the single currency could be in for a tough couple of weeks. What happens is very much open to interpretation, nothing should be taken for granted in such uncertain times, however.

The overriding expectation is that the French election will ultimately be won by the more centrist ‘reformer’ Macron. Performing well in the polls the market is expecting he will beat Le Pen in the run-off on the 7th May. If you have a Euro buying requirement the rates on Monday morning could be much improved as the market debates the likelihood of a Le Pen victory.

The pound has been much stronger on the back of the General Election announcement earlier this week for the UK. Most reports have the pound much stronger in the next few weeks as Theresa May cements her position and is able to drive through more reform. A flipside view is that with her relying less on the elements in the Tory party who seek a harder Brexit, she will be forced to create more of a softer Brexit. This is one of the reasons for the pound rising but such elements and expectations can quickly change.

If you are buying or selling the pound and euro in the coming days and weeks the importance of the French election and the continued Brexit fallout shouldn’t be underestimated. With only a few days between the two rounds of the French election Euro buyers might find they are presented with a fresh unique opportunity to buy Euros, the best in 2017 so far.

If you would like some assistance with the timing and planning of any currency transfers please contact the author Jonathan Watson directly by emailing jmw@currencies.co.uk

Sterling hits an 8-day high against the Euro as French Presidency fears hit the single currency (Joseph Wright)

The Pound to Euro rate exceeded 1.1750 yesterday afternoon and the pair have held strong above this level so far, as at the time of writing the pair are still trading above this level at the mid-market level.

What’s also interesting to see is that today’s low so far is 1.1756 which indicates to me that there could be support for the pair at this level.

With Sterling gaining slowly since the official start to the Brexit process it appears that the currency has hit its lowest level and it’s now on the recovery, which many within financial markets suggesting that the Brexit has been priced into the Pounds value.

What may help the Pound make additional gains against the Euro later this month is the French Presidential election. There have been fears and hedged bets against the Euro as there’s a chance far-right candidate Marine Le Pen could perform better than many are expecting. This would likely result in Euro weakness due to her plans for a Frexit, but over the past week the increasing popularity of far-left candidate Jean-Luc Melenchon has also weighed on the Euros value due to his views on tax tariffs.

Now that Brexit is underway economic data is playing a more prominent role in the currency fluctuations involving the Pound, so if you’re planning on making a currency exchange involving the pound and another currency do feel free to get in touch regarding these events.

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 jxw@currencies.co.uk 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.

 

Pound drops as UK government plans to trigger Article 50 this afternoon (Joseph Wright)

Late last night Prime Minister Theresa May signed the letter triggering Article 50, and this letter will be delivered to the President of the European Council, Donald Tusk later this afternoon at 12.30pm.

This will officially start the Brexit process in which the UK has 2 years to leave the European Union, and in this time the UK will be doing its best to set up trade negotiations both in Europe and outside of it.

In the early hours of this morning the Pound dropped, which is a change to the currency’s general direction over the past week or so as we’ve seen the currency gain. Yesterday the pair hit 1.16 which was GBP/EUR’s highest level since the beginning of the month, and since this mornings drop the Pound has recovered some ground as it appears the currency is struggling for direction.

I think there could be some further swings during today’s trading session, especially this afternoon once Article 50 has been triggered and May offers a speech. Should she give anything away regarding the UK’s plans moving forward I think there could be movement in either direction for the Pound’s value.

If you would like to be kept updated regarding major news and movements within GBP exchange rates do feel free to get in touch.

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 jxw@currencies.co.uk 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.

 

Will the pound rise or fall tomorrow against the Euro? (Dayle Littlejohn)

Since the UK public voted out of the European Union the financial investors have been unsure whether UK would actually leave or if another referendum would take place. After a High Court ruling, a Supreme Court ruling and some other stumbling blocks UK Prime Minister Theresa May is set to trigger Article 50 tomorrow morning.

For euro sellers buying pounds this could be the spike in the market that you have waited for as I believe exchange rates will drop 1-2% in your favour. We are expecting a busy day on the market and I will have to use my time wisely however if you are looking to transfer your euros into sterling and want to achieve the best rates tomorrow feel free to email me directly with your contact details. I will give you a call first thing tomorrow morning to run through the process and a strategy to maximise your returns drl@currencies.co.uk.

For euro buyers, I hope you have purchased when the market increased to the higher teens, however if you haven’t again you can email me and I will call you first thing to secure your currency before the Prime Minister makes the announcement or another strategy would be to sit back and ride it out as the French election towards the end of April could provide opportunity. Anti EU Marine Le Pen has gained momentum in the last 3 months ans is neck and neck with pro EU Macron. If Le Pen managed to get into power we could see another country holding a referendum in regards to EU membership

With all of the articles I write, I normally state that I will respond via email however as inquiries are coming think and fast, I will only be replying to clients in the form of a call tomorrow. Therefore if you do not provide your telephone number do not expect an email until Thursday morning drl@currencies.co.uk.

Enjoy your evening and I look forward to speaking with you tomorrow morning.

 

What will happen to GBPEUR after Article 50 is triggered?

Once Article 50 is triggered I expect the pound to enter a new phase against the Euro although at the moment I cannot see it breaking it out of the recent ranges of 1.13-1.18 we have been trapped in. The pound and the Euro have both found support in recent weeks as solid economic data and improved political certainty aid both currencies. The US dollar has also weakened lately, the main beneficiaries being the pound and the Euro. Both GBPUSD and EURUSD have both risen 3-4 cent in the last couple of weeks ever since the US failed to increase their interest rate hike expectations.

There is a distinct lack of volatility in the market on GBPEUR at present with only 60 pips (0.6 of 1 cent) movement between the high and the low yesterday. Eager Euro buyers may well see some improvements once Article 50 is triggered but I cannot see it lasting long as there are some big questions on the horizon which I foresee as likely to contribute to a decline in the value of the pound. I cannot see how the UK can come out of these negotiations with a better deal than it has already with the EU.

Clients reading GBPEUR for spikes to buy Euros could find some relief around the time of the French elections although Marine Le Pen is not expected to win so any spikes could prove short-lived. I also feel it would be a risky strategy holding on since who knows how weak the pound will be at that time?

The UK’s relationship with the EU has been the downfall of many a Prime Minister and a politician, David Cameron the most recent example. Can Theresa May navigate this rocky road with her reputation and the Conservative party intact? History tells us that the odds are stacked against any success here.

If you have any requirements to buy or sell pounds and Euros in the coming weeks and months then tomorrow’s news and the political fallout on both sides of the Channel will be key to determining the direction on GBPEUR in the future. If you would like some proactive assistance with the timings of any transfer then please feel free to get in touch as I would be interested in speaking to you and offering some information on when may be the best time to buy your currency.

Please email jmw@currencies.co.uk to learn more.

Jonathan Watson

 

Pound to Euro rate trades at a 7 week low, will today’s Spring Budget offer the Pound a boost? (Joseph Wright)

The Pound has lost value over the past few weeks, not just against the Euro but across the board of major currencies.

The reason behind the fall can be put down to the uncertainty as to when the UK will begin the Brexit process, and the situation is being made worse as the House of Lords continue to discuss the proposed bill and attempt to make amendments which is negatively impacting the Pound.

Today could be a busy day for GBP exchange rates as Philip Hammond will be going over the Spring Budget. No major changes are expected to the governments current spending plans but I do think a bullish outlook from the UK chancellor will offer the Pound some much needed support. GBP/EUR has lost almost 4 cents in value over the past few weeks after hitting its 2017 high off the back of Euro weakness.

The movements between the GBP/EUR pair in recent weeks may offer an insight into what we can expect between the pair throughout the year. With the Brexit likely to begin this month and a number of key political elections in the Eurozone this year, I think there could be a number of big moves between the pair throughout the year so do feel free to get in touch if you wish to be kept updated.

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 jxw@currencies.co.uk 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.

A potential spike for GBPEUR exchange rates tomorrow? (Dayle Littlejohn)

With Brexit on the horizon it’s no surprise GBPEUR exchange rates have been falling in recent weeks. Within the last 14 days exchange rate have dropped 4 cents which means a €200,000 purchase is now £5,000 more expensive.

Tomorrow the UK Chancellor Phillip Hammond is set to address the public and give his latest budget. There is growing speculation that the chancellor could upgrade growth forecasts which could cause the pound to increase in value.

It was only earlier today that the Organisation for Economic Cooperation and Development (OECD) increased its forecast to 1.6% compared to 1% that was predicted last September.

For Euro buyers that are purchasing within the next 6 weeks, if the market does spike in your favor I would seriously consider taking advantage. Theresa May is set to trigger Article50 and start the process of leaving the EU within the next 3 weeks and I expect further falls once the Article is triggered.

Other data releases that will have a major impact on GBPEUR exchange rates this week is the ECB’s interest rate decision Thursday at 12:45 and UK Consumer inflation expectations released Friday at 9.30am.

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!

Will the prospect of a Marine Le Pen Presidential win in France boost the Pound’s value? (Joseph Wright)

Up until yesterday afternoon the GBP/EUR pair had struggled to break above the 1.18 mark, but yesterday Sterling surged all the way up to 1.19 at one stage after benefiting from a weakening Euro.

The Euro weakened across the board yesterday afternoon after far-right French Presidential candidate Marine Le Pen gained further traction in recent opinion polls, with the candidate now a realistic candidate for the Presidency after becoming a favourite.

Moving forward I expect her increase in popularity to weigh on the Euro’s value as she has previously outlined plans to withdraw France from the Eurozone. Moreover she has also suggested that France stops using the Euro and reinstates the French Franc. Should these plans materialise it would surely leave the door open for other Eurozone nations to follow suit which would be detrimental for the Euros value, and the potential of this taking place is already weighing on the Euros value.

Another reason the GBP/EUR exchange rate may see a boost is the UK economy has been posting some impressive economic figures, with the Bank of England hiking the UK’s growth prospects this year and next.

If you wish to be kept up to date with GBP/EUR exchange rates related news do feel free to register with us for updates.

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 jxw@currencies.co.uk 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.

Brexit – Still the Key Market Mover (Daniel Johnson)

Where next for Sterling?

GBP/EUR is still very unpredictable and is susceptible to high levels of volatility. Data releases that normally cause significant movement are proving to have little impact. Brexit negotiations are clearly the main force behind current buoyancy levels on GBP/EUR. UK PM Theresa May yesterday was given the go ahead to trigger article 50 following Labour minister, Harriet Harmen’s attempt to make an amendment to the Brexit bill. The change was for EU nationals to have their rights protected if they are already current residents in the UK.

The bill should now go through without too much trouble from the House of Lords. I would expect a far more thorough plan for exit from the EU to be published shortly. The markets react particularly badly to uncertainty, I feel a new white paper document detailing thoroughly exit plans could add certainty to the market and Sterling could rally. Trade negotiations are pivotal to the strength of the pound. Both Trump and Australian PM, Malcolm Turnbull have been forthcoming in regards to striking a deal. This is without a doubt good news for Sterling. I am however dubious of the current two year target for a full exit. Trade negotiations are anything but simple, the quickest the US has  ever tied up a trade agreement with another country is four years.

Later in the year things could well turn sour for the Euro, despite  small improvements in inflation there is still a lot to worry about for Euro sellers.

Three general elections are due to take place in the Netherlands , France and Germany. All have the possibility of a far right party gaining power. Political uncertainty, historically weakens the currency in question. As does a potential referendum. Italian banks are in need of bailouts due to excessive lending to the tune of over €360bn and lets not forget Greece’s debt crisis.

If you have to purchase Euros short- medium term, you will need expert assistance to maximise your return. I will provide the most competitive spread and a trading strategy to suit your needs, with no obligation to trade. Feel free to e-mail me at dcj@currencies.co.uk. Thank you for reading.

Daniel Johnson

Foreign Currency Direct

May delivers controversial exit bill (Daniel Johnson)

Anger at Exit Bill, brief is an understatement

There was anger from parliament today after May delivered the exit bill and it was only 130 words. MP’s will only get five days to debate and amend it. Minsters had stated  they would keep legislation limited, but this is slightly ridiculous at just eight lines. Labour immediately attacked the bill and Jeremy Corbyn is now in an awkward position.

Corbyn could call for a vote against the time table, but he had previously stated he would not obstruct the exit process. It seems to be a shrewd move from May to try and get her own way with regards to the Brexit process, however this move can hardly be considered democratic. It is about time politicians stopped thinking about there own political agendas and did what is best for the UK. Chance would be a fine thing.

Tim Farrow the Lib Dem leader was unimpressed stating “This bill is short and not sweet”. Given how long he’s been campaigning to leave the EU, it’s amazing this 133 word bill took David Davis such a long time – that’s only five words a day since Brexit. Take back control was a mantra of the leave campaign, but this government’s extreme reluctance to involve parliament in this process has instead been an affront to parliamentary sovereignty and democracy. With Labour  tonally confused over Brexit and the Conservatives determined to take us out of Europe and the single Market at any cost, only the Liberal Democrats are fighting for full membership of the Single Market and a public vote on the final deal.”

The Bill also curiously does not include May’s final day for Brexit, 31st March. Which questions time scale. The markets have not showed much movement at present, probably due to investor’s having so little to  go on.

There are high levels of volatility expected during the Brexit process and it is vital to be in touch with an experienced broker. If you require my assistance please do get in touch for no obligation help. You can e-mail me at dcj@currencies.co.uk.