Tag Archives: currency

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.

 

Could Sterling improve against the Euro? (Tom Holian)

Sterling Euro rates have ended the week close to a high after the release of better than expected GDP data as well as positive manufacturing and industrial production data but have still struggled to make any significant gains vs the Euro recently.

The Pound is still being weighed down by the uncertainty caused by Article 50 and at the moment although the government look to be in control there are undoubtedly more obstacles ahead prior to the triggering of Article 50 next month.

However, although Article 50 will be the main factor in determining what happens to Sterling Euro exchange rates over the next few weeks after that the focus will turn to what is happening politically in Europe.

Political uncertainty causes problems for a currency and with the Dutch and French due to go to the polls in March and May respectively then I think we could see problems in the second quarter for the Euro.

Therefore, if you’re looking at selling Euros in the next few weeks now may be close to your best chance.

Indeed, according to some reports we could see the Euro lose up to 10% of its value if Marine Le Pen gets elected.

Le Pen is in favour of leaving the European Union and the Dutch are also voicing a lot of discontent about the European Union so if we see some political change on the next continent over the next few months then I think this will be Sterling’s real chance of longer term recovery.

In the short term UK inflation data is due out on Tuesday which could cause volatility so if you’re considering making a currency transfer then this is likely to have a big impact on GBPEUR rates so make sure you’re prepared to move quickly.

If you would like to save money on exchange rates compared to using your own bank when buying or selling Euros then contact me directly for a free quote and I look forward to hearing from you.

Tom Holian teh@currencies.co.uk

 

 

Will Sterling continue to decline and can we expect to see parity with the Euro? (Joseph Wright)

One pattern we’ve seen between Sterling and Euro since the Brexit vote is whenever there has been talk of a ‘Hard Brexit’ the Pound has weakened, as this is because many had hoped for a long drawn out period of negotiations but those hopes are now fading fast.

This so called ‘Hard Brexit’ is currently in the news once again as yesterday evening the European Council President Donald Tusk said that the only alternative to a ‘Hard Brexit’ would be no Brexit, and the Pound have softened slightly off the back of this announcement as has usually been the case.

Tusk warned the UK that the EU will not compromise on its insistence that freedom of movement will be a condition for Britain’s access to the single market.

The reason for the above explanation is that its likely to weigh on the pounds value as we approach the invocation of Article 50 next year towards the end of March. This is a key date as from the date that Article 50 is invoked, the UK will have 2 years to have separated from the EU .

A number of major financial institutions such as Unicredit and HSBC are outlining 1 for 1 between GBP and EUR in the upcoming months and HSBC suggested that the par will be trading at this level towards the end of next year.

If you are planning a currency exchange between Sterling and the Euro, it’s 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 GBPEUR rates fall further this week? (Dayle Littlejohn)

Since the EU referendum vote the pound has fallen 15 cents against the euro therefore a €200,000 purchase has become £20,000 more expensive. Many clients are asking me ‘will this get worse’ and I believe so due to the UK interest rate decision and UK politics.

Looking ahead the Monetary Policy Committee from the Bank of England will meet this Thursday to discuss and vote on interest rates. Currently interest rates are at record lows of 0.5% however Governor of the Bank of England Mark Carney has eluded to a cut of 0.25% which means the pound would lose value and therefore GBPEUR would fall.

Personally I believe its too early for the MPC to cut interest rates therefore they will stay at 0.5% for at least another month. However the Governor holds a press conference shortly after the actual event and this is when I believe he could once again state a cut could occur in the very near future. If this does occur expect further sterling weakness.

As for the politicians they are not helping the pounds performance. At the moment we are not certain who the next UK Prime Minister will be, the Labour party are split in half and UKIP have no leader. All of this uncertainty puts pressure on the pound and thats why there’s an argument the problems are not going away therefore the pounds value could fall further.

Quite simply if I were buying the euro I would look to cut my losses and trade sooner rather than later. Where as if I had to buy pounds I would get myself in a position ready to trade and watch the markets for a period to see the next move for GBPEUR rates.

The currency company I work for enables me to achieve better rates than other brokerages and high street banks. If you are trading GBPEUR this year feel free to send me a brief description of why you need to trade and I will email you with the process to using our company and how we can save you money 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

Pound starts the week on the back foot (Dayle Littlejohn)

As expected the Pound has started poorly against the Euro this week due to the fears of a ‘Brexit’ vote. GBPEUR has fallen 1.4cents in the last 24 hours making a €200,000 purchase £1750 more expensive.

Yesterday Barings Asset Management released a statement suggesting the Pound could lose 20% in value if they were to leave the EU which would push GBPEUR exchange rates to parity. Personally I believe the UK leaving the EU is going to have a negative impact on the Euro also therefore exchange rates will fall between 1.10-1.15 if the UK were to leave.

With only 10 days to go until the Great British public decide the fate of the UK, both camps are going to be trying to win the remaining undecided vote. No doubt we will hear further scaremongering tactics from both camps and therefore the volatility will cause the Pounds value to fall.

With the chance of a ‘Brexit’ becoming more likely a popular contract being used by lots of my clients is a forward contract. You can pay us a small deposit of the sum you are purchasing, we can lock into today’s rates and you pay later once all of your sterling is available. For more information feel free to email me.

As for economic data this morning the UK release their latest Inflation numbers and I do not believe this will stop the plummeting rates, if anything rates could fall further off the back of the announcement.

Wednesday evening the US release their latest Interest Rate decision. I believe Chairlady of the Fed will remain doveish in her comments and therefore will decide not to raise interest rates and we could potentially see US dollars sold to buy euros for speculative purposes. If this occurs expect GBPEUR to drop further.

If you are looking to buy or sell Euros this year (especially before June 23rd), the currency company I work for enables me to achieve clients up to 5% better exchange rates than the high street banks and other brokerages. I specialise in property purchases and sales.

Therefore if you are buying or selling a property this year and want to save money by achieving the best possible exchange rates but also want help in timing your transfer, get in touch by emailing me on 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

The more information you provide me, the more information I can provide you. Below is a list of what I require: your name, currency pair, brief description of requirement, amount, budget, timescales, telephone number and convenient time to call.

Economic data releases this week impacting GBPEUR exchange rates (Dayle Littlejohn)

The main talking point for economic data releases this week is Consumer Price Index numbers for the UK and Eurozone.

Tuesday morning the UK releases their numbers. Last month this data release gave support for the Pound due to a healthy rise. I expect this figure will be released the same as last month and therefore be a non-event.

Eurozone release their inflation numbers Wednesday morning. The ECB have been trying to combat inflation over the last 12 months by cutting interest rates and pumping stimulus into the economy however inflation has remained a worrying low. If this figure disappoints again, we could see a spike in the favour of euro buyers.

Wednesday morning the ECB release their latest Monetary Policy meeting accounts. If there is any discussion of further interest rate cuts, which would consequently mean negative interest rates, again expect another spike in the favour of euro buyers.

Its looking like as for economic data this could be a good week for Euro buyers HOWEVER, with the EU referendum only 6 weeks away I expect the pound to lose ground week by week. Therefore if you have Euros to pay and we see a spike this week, I believe its worth taking advantage of.

If you are looking to buy or sell Euros this year (especially before June 23rd), the currency company I work for enables me to achieve clients up to 5% better exchange rates than the high street banks and other brokerages. I specialise in property purchases and sales.

Therefore if you are buying or selling a property this year and want to save money by achieving the best possible exchange rates but also want help in timing your transfer, get in touch by emailing me on 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

The more information you provide me, the more information I can provide you. Below is a list of what I require: your name, currency pair, brief description of requirement, amount, budget, timescales, telephone number and convenient time to call.

Mark Carney warns the UK could enter recession (Dayle Littlejohn)

Today Governor of the Bank of England Mark Carney has announced if the UK were to leave the European Union he believes the UK would enter recession. Mr Carney has made it clear in recent weeks the UK should remain part of the European Union therefore i’m not sure if his comments are just a tactic to win votes.

Nevertheless these comments just show its only a matter of time until both campaigning parties start to state their case to why the UK should stay or leave the European Union and the volatility will therefore weigh down on the Pound and GBPEUR rates will fall.

Two weeks ago David Cameron played his trump card in Barack Obama and rates spiked to 1.29 however they have been falling ever since and I expect this trend to continue. If you have euros to buy trading sooner rather than later may be wise, where as if you are selling Euros to buy Pounds holding on for an extra 4-6 weeks would be my strategy.

If you are looking to buy or sell Euros this year (especially before June 23rd), the currency company I work for enables me to achieve clients up to 5% better exchange rates than the high street banks and other brokerages. I specialise in property purchases and sales. Therefore if you are buying or selling a property this year and want to save money by achieving the best possible exchange rates but also want help in timing your transfer, get in touch by emailing me on drl@currencies.co.uk.

The more information you provide me, the more information I can provide you. Below is a list of what I require: your name, currency pair, brief description of requirement, amount, budget, timescales, telephone number and convenient time to call.

Alternatively if you would like to discuss your requirements over the phone call me Monday morning on 01494-787478 and ask to be put through to Dayle Littlejohn.

 

Sterling Edges Higher on Referendum Polls

The pound has continued its run of steady but gradual gains this week with levels for GBP EUR looking considerably better. The mood is also more optimistic with recent polls surrounding the referendum putting the remain campaign marginally ahead.

The trip from US President Barack Obama and associated press conference with David Cameron tomorrow is also expected to carry with it a currency impact. The president is widely believed to state his views that Britain should remain in the EU. Such a voice could bring with it some needed support for the pound and hence there is a good chance sterling may see a short term boost during his visit.

Today has seen the key European Central Bank (ECB) meeting and press conference with no real market reaction after interest rates were held at record lows despite new pressure from Germany. ECB President Mario Draghi is unlikely to take further action going forward considering the strong medicine he applied at the last meeting. He may however be slightly concerned with some of the recent strength of the Euro and may become slightly more dovish in his tone going forward.

For the moment the combination of the better outlook for the remain campaign and possibly some positive noises from US President Barack Obama at the press conference with David Cameron tomorrow may present buyers of Euros with a good short term opportunity. It is worth highlighting that we are only in the first week of campaigning in this referendum with much more volatility expected to come so any short term spikes to be taken advantage are likely to be short lived.

If you have an upcoming GBP or EUR currency requirement either buying or selling and would like to be kept up to date with key market movements, or simply wish to compare our award winning exchange rates then please feel free to contact me on 0044 1494 787 478 and ask one of the team for James. Alternatively you can email me directly at jll@currencies.co.uk

Potential Brexit is ‘the biggest domestic risk to financial stability’ says Carney

Although not offering an opinion on the direction the British public should take when voting this Summer, the governor of the Bank of England, Mark Carney stated that voting to leave the European Union in June’s referendum would create the “biggest domestic risk ” to the country’s financial stability.

Carney offered this opinion when questioned by the Treasury Select Committee on Tuesday afternoon, he also added that “a number of institutions are contingency planning” for a ‘Brexit’, notably major foreign institutions with European headquarters in Britain.

His statements today, coupled with the Bank of England’s announcement that it would make extra cash available to banks around the time of the referendum, are not presenting a rosy picture of what will happen financially to the UK should it opt to leave.

If I was in a position whereby I had to convert Sterling into Euro’s over the next 1-6 months, I’d look to get that done sooner rather than later, or even look to lock in the current rate of exchange for the future as historically speaking Sterling has struggled during times of political instability.

If you would like to discuss any of the above topics in further detail, feel free to contact me, Joseph Wright on jxw@currencies.co.uk and additionally if you would like me to explain how we can lock in the current rate of exchange for the future, I’ll be happy to do that also.

GBPEUR rates hit 1.30 – will rates go further?

GBPEUR rates have been preforming well over the last week with some positive gains. These have importantly been coming from EURO WEAKNESS rather than STERLING STRENGTH. The negative tone for the pound has been continuing generally from an economic point of view and this is expected to continue tomorrow with the latest inflation data from the UK and the big event a week on Wednesday with the UK budget. Also be aware that the Brexit is still on the horizon and widely expected to cause some server sterling weakness in late spring/early summer.

Saying that we do have an opportunity now whereby a £200,000 transfer into euros now will by you over €6,000 more compared to just Monday of this week.  This again is down to euro weakness as investors get wary of the euros future due to their unclear policy on fighting deflation. They currently have a QE program and policies in place to avoid deflation but with arguments within the bank suggesting a number of different potential paths they could take the euro is weakening.

We will get the latest update form the European Central Bank next Thursday at their next meeting and this is an event to keep an eye open on. Until that event there is an argument to suggest you could get better levels.

For help timing transfers and being informed of spikes please feel free to get in contact with myself, email my at hse@currencies.co.uk or call and ask for me STEVE EAKINS on 01494-787478

Major Banks Offer Another Warning On Sterling’s Value

Sterling bulls have recently been enjoying some rest bite from the global slowdown and upcoming EU referendums negative impact on the value of the pound, and although GBPEUR rates have recently bounced off of their current support levels (roughly around the 1.26 mark) and are now trading at 1.2830, a number of major investment banks have issued price warnings with regards to Sterling’s value moving forward as the potential for a UK ‘Brexit’ heats up.

 

UBS is the most recent of the investment banks to offer an opinion on Britain’s uncertain future, stating that should there be a ‘Brexit’ there is a ‘statistically significant chance the euro to pound exchange rate will hit parity in 2016’. With recent polls suggesting that 40% of the UK population is in favour of a UK exit, perhaps GBPEUR parity is something we should begin to consider.

 

The recent comments from UBS coupled with HSBC’s 50 page report on the health of the UK economy as we approach the EU referendum (the report suggested GBP could lose a further 20% from its current levels) is not painting a particularly rosy picture for Sterling bulls moving forward, or anyone selling Sterling to purchase a foreign currency for that matter.

 

If you are planning to use GBP to buy a foreign currency if may well be 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 benefitting 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.

GBPEUR rates dropping – where is the growth coming? STEVE EAKINS

Why are GBPEUR levels dropping – without growth we see Sterling fall

Sterling exchange rates continue to be under pressure this week with levels continuing to fall.  Many of my clients are asking – why are rates dropping against the euro with Europe being in such a worse position than that of the UK? The simple reason is that the market prices live up to date health forecasts, so the current situation is already priced in.  The question investors are asking is – we have to ask where the growth is coming? As a result of the global slowdown and how open the UK economy is to this due to the high dependency on financial services, you can understand why rates have been dropping and are at risk to drop further.

This is why being up to date on market expectations and forecasts are key in trying to understand market prices and direction.

If you want more information on the current situation and forecast please feel free to contact myself STEVE EAKINS at hse@currencies.co.uk or on 01494 787 478 for a full break down and prices

GDP figures expected to move markets once more.

Tomorrow is the next key date for the GBPEUR exchange rates and one which could have a large impact on pricing, this being the UK GDP figures. These are the first forecasts for Q4 of 2015 and expected to show a slight climb. If confirmed we could see rates climb giving EURO buyers the best levels for the week.  Something to be very aware of however is that with the data for December looking so poor this forecast could be incorrect and we could see rates actually drop if a fall is seen.  Therefore if you are in the market for currency you need to make an educated decision on how to act based on your risk appetite or indeed look at exploiting the tools avalible to take advantage or any gains, these being limit orders, spike notification and stop-loss orders.  If you would like more information on this topic please feel free to get in contact.

I have been assisting people in the market for nearly a decade helping people move money to almost every corner of the globe. Talk to me STEVE EAKINS for a full breakdown, costing and forecasts.

Email me directly at hse@currencies.co.uk or alternatively ring me directly on 01494-787478 and ask for STEVE EAKINS when calling.

GBPEUR at risk of falling this week – STEVE EAKINS

Sterling levels have started the week fairly flat and the simply reason for this is that we have had little economic data so far, but that is about to change….

Tomorrow we have the UK GDP figures which is the first estimate for the third quarter of the year.  The view is that this release will either have little impact or result in Sterling’s value falling. The reason for this thought is that the data will either come in relatively unchanged or fall.  The reason for a potential fall is as a result of a knock on impact from the China slowdown and the high value of the Pound 3 months ago impacting import/export figures. As a result anyone with Euros to sell should be happy but GBPEUR traders should be a little wary.

On Thursday we arguably have a bigger day still, this is when we have the latest updates on interest rate change from both the Bank of England and the European Central Banks.  Both of these are expected to show updates which again are probably going to result in GBPEUR levels dropping this week.  From the UK side there is an expectation that the forecast of an interest rate change will be pushed back to the middle of 20-16 which will reduce investment in the UK, demand and therefore price.  From the Europeans we are expecting a change in the amount of QE as they fight the risk of deflation and the slowdown in Germany as a result of the VW scandal.  Now this change could have a positive impact or negative impact on markets. Some will say that printing more money makes the money in the system less valuable so the price of the euro will weaken, whereas others will say that they are addressing the problem and creating better future growth so demand goes up.  My personal view is that the second is probably more likely and as a result expect GBPEUR rates to drop down this week making anything from a property purchase to a invoice more expensive.

If you would like more information on the forecast for the week and the plans many are taking to get the most from it please get in contact. You can contact myself directly via my email at hse@currencies.co.uk.

Look forward to hearing from you,

Steve Eakins

How will Mark Carney’s speech tonight move the market?

There is a speech tonight by the Mark Carney which may affect overnight moves on the currency pairing depending on what he talks about. There is perhaps scope for movement if he refers to the housing market and gives any indication on interest rate hikes.If you need to move funds internationally we can help with a much better exchange rate than the bank and make sure all the payments are made promptly and securely. We undercut the banks and other sources of currency so it really is worth speaking to us to get the best deals on moving money internationally.

GBPEUR rates have been very favourable this week as widely expected. The Euro suffered last week and until we start to see some improvements in the economic data the Euro should remain on the weaker side as there still remains a possibility of QE down the line. Sterling strength yesterday as a result of the improved Unemployment rate should keep sterling supported for the time being, it will be interesting to see  the PSNB (Public Sector Net Borrowing) data tomorrow affects the pair.

For more information at no cost or obligation please contact me Jonathan on jmw@currencies.co.uk

What’s in store for the Euro? (Mike Vaughan)

Sterling has had a relatively stable time against the Euro over the past few weeks having shifted just 1.3% over the past month, this is not a particularly big spread during this length of time but fortunately for Euro buyers the month high was reached on Wednesday.

For me the major release for Europe and the direction of the Euro could depend on the next ECB interest rate meeting scheduled next Thursday. On Wednesday inflation figures in the Euro Zone fell further below the target level of 1% and again bringing real concerns to the region over deflationary pressures.

Some of the major problems with deflation can be the lack of consumer spending as the general public expects prices to continue to fall and this in turn can increase the real value of money and the real value of debt. Deflation therefore makes it more difficult for debtors to pay off their debts. For this reason consumers and firms have to spend a bigger percentage of disposable income on meeting debt repayments.

With inflation falling the ECB may have to take action and this could be as soon as next week. this could put more pressure on the Euro in the weeks to come.

To get further information on the currency service we provide please email Mike at mgv@currencies.co.uk

 

GBPEUR rates remain above 1.20, will it last?

The latest economic news has shown UK Manufacturing improving but there is still scope for some negative headlines and bad data as a result of the weather. If you are buying Euros you remain at very close to a one year high and I think this still represents an excellent opportunity to buy the single currency. If you are looking for a little more then it is worth holding on to see what happens this Thursday as the ECB (European Central Bank) meeting takes place. There is scope for the ECB to say something regarding their Inflation situation which whilst improved is still a concern.

I very much doubt a change in policy but there is a strong likelihood of some nods to the situation and I am sure the ECB will be watching future Inflation releases very carefully, linking possible changes in policy to this release.

If you have a transaction involving the pound or Euro and wish to find out about getting the very best exchange rates and forecasts, please contact us using the contact form or feel free to contact me Jonathan directly on jmw@currencies.co.uk

Pound Euro rates drop but still looking good for this week

Wednesday is the big one this week with UK Unemployment data released which will likely support further sterling. My predictions are for the pound to further bolstered by these improvements in the UK economy.

Where before the improvements where mainly down to the linking of Unemployment improvements to the raising of interest rates (which has now pretty much been abandoned)  the representation of an improved labour market can’t help but be good for the UK and hence the pound.

Headlines relating to the Scottish independence vote could be GBP positive as the BoE and all spectrum’s of the UK political class shun Salmond’s propositions.

In the Eurozone the headlines have focused on Italian political problems but this has not stopped the Euro from making some limited gains against a range of currencies. In short if I was looking at selling euros I would move sooner, if buying euros with sterling I would wait to see what Wednesday brings.

If you need to make a currency exchange and would like some information on the best exchange rates please contact me on jmw@currencies.co.uk

 

GBPEUR remains above 1.20. For now….

GBPEUR remains at a very favourable level for those buying euros although this week could disrupt plans for anyone banking on trading at 1.20 in the future.

Wednesday this week sees the Bank of England Quarterly Inflation report which is potentially GBP negative. This is all to do with interest rates which could move the market rates higher or lower depending on the outcome. My personal opinion is GBP negative because I think the Bank of England will need to make reference to the difference between what they laid out in their forward guidance last year and how the economy is now performing.

I just cannot see the BoE raising interest rates anytime soon and the reference that interest rates are set to remain low for longer will I believe cause the pound to suffer.

For  more information on what is driving your exchange rate and how to get the most from the market please contact me Jonathan on jmw@currencies.co.uk

FED decision as expected and market does little to react. Euro zone consumer confidence figures the focus this morning (Mike Vaughan)

Following the FEDs decision to continue with its tapering of QE the market has done little to react as this was expected. This brings the focus this morning to Euro Zone consumer confidence figures which are expected to show a solid improvement and could lend support to the Euro this morning. This release is scheduled for 10:00.

To finish off the week for GBP/EUR Friday is relatively quiet day from the pounds point of view but watch out for inflation figures from Europe at 10:00 along with unemployment data. Unemployment is expected to stay at 12.1% but any deviation from this and expect volatility for Euro exchange rates.

Should you have an upcoming exchange to arrange and you would like to discuss the currency service we provide and how we can help you achieve a better exchange rate than major banks and other institutions then please contact the office on +44 (0) 1494 787478 or email Mike at mgv@currencies.co.uk

GBPEUR currency news – when to buy this week – STEVE EAKINS

Sterling values have fallen this morning following unemployment figures showing a contraction.  It was a surprise in the market and gave/gives EURO sellers an opportunity to get more pounds for their euros before Sterling strength returns.  The Pound is expected to recover tomorrow morning when the UK retail figures are released for December. These figures are expected to show an improvement and therefore add to the value of the Pound.  GBPEUR rates will probably climb by 0.5 cent on the news tomorrow is my expectation.

Information like this is key to achieving the best price on any currency transfer as it latterly adds hundreds of pounds worth of value within minutes.  It can make the situation a little scary for new visitors to the currency market but to get the best price and save the most money this is key.

If you are looking for assistance with a currency transfer please feel free to get in contact. We have over 12 years of experience helping people move funds internationally and completing currency transfers.  Contact the author STEVE EAKINS via email at hse@currencies.co.uk for a free quote request.

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