Tag Archives: EUR weakness

What trading rates can I expect on GBPEUR in 2017?

I would expect that the GBPEUR levels on offer for GBPEUR in the coming weeks and months will remain within the ranges we have seen since the Referendum. These are 1.2013 to 1.1068 on the interbank exchange rate. Simply knowing the ranges is helpful but what is more useful is the upcoming events that can move the rates and understanding in advance your options to help you navigate the markets. Understanding the FX markets is some respects simple, in others impossible to make sense of.

We could easily be looking at a quick change on GBPEUR at any point in the next week or so as the Supreme Court decision is released. We are looking to this result as the main driver on GBPEUR in the short term. If you have a transfer to consider you should be closely monitoring this decision or if you wish you can alert me to your position and I can monitor it for you. Just email jmw@currencies.co.uk to highlight your situation Other flashpoints include the inauguration of Donald Trump on the 20th December. Will we finally see this as the end of the Trump rally that has been taking place in recent weeks?

Looking further into 2017 we have also the Dutch and French elections. If you have a transfer to consider in the future then making sure you are aware of such issues and their potential to impact your exchange rate is sensible. Personally I feel the pound is undervalued at present. There is real potential for some upside in the coming weeks and months once we get some clarity on the Brexit plans. Ultimately this could take a few months to manifest so clients looking to move now or in the next 6 weeks might wish to take advantage of any short term spikes as the pound is likely to remain under pressure.

For more information on events that will shape your exchange rate please speak to me Jonathan by emailing jmw@currencies.co.uk. I am your personal account manager here and will be very happy to hear from you and offer some assistance.

Thank you for reading, I look forward to answering your questions.

Are GBP/EUR Rates Heading Back Above 1.30 (Matthew Vassallo)

GBP/EUR rates are creeping back up towards 1.30, following poor Eurozone Manufacturing & Services data released this morning. With the official reading coming out under expectation, the markets have reacted accordingly and the EUR has lost value as a result. This has continued the trend set last week, with Sterling gaining value due to the most recent referendum poll, which indicated the Remain camp had a clear lead. We also had poor Eurozone inflation data and this conspired to push GBP/EUR back above 1.30, although the Pound could still not find enough support to hold its position above that threshold.

Despite Sterling’s recent improvement there are still varying media reports arguing both for and against leaving the EU. These are likely to cause further uncertainty in the markets and this is unlikely support any major improvement for the Pound form the current positions. If we see a sustainable increase above 1.30 then the Pound may well find support around that level but under current conditions I still feel it may struggle to do this.

It’s a fairly sparse week in terms of economic data for both the UK and the Eurozone, so it’s likely Thursday’s UK Gross Domestic Product (GDP) will be of most interest to investors. It was the previous GDP release which boosted Sterling’s value, so it will be interesting to note whether this positivity is backed up by Thursdays official figure.

If you have an upcoming GBP or EUR currency requirement and would like to discuss the current market conditions and forecasts, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me on 0044 1494 787 478 and ask one of my team for Matt. Alternatively, I can be emailed directly on mtv@currencies.co.uk

EUR Loses Boost Sterling’s Value (Matthew Vassallo)

The EUR has taken a hit during Tuesday morning’s trading, following negative comments from ECB governing council member and head of Germany’s Bundes Bank Jens Weidman. He was extremely critical of the current monetary policy of the ECB and this seemed to knock investors’ confidence in the single currency. This in turn helped to drive Sterling’s value up but it was due to a lack of confidence in the EUR, rather than any real belief that GBP has turned a corner. There is also on-going concerns that Greece will soon be back in the spotlight, with figures showing that the Greek economy has contracted by 0.4%. There is very little room for manoeuvre when it comes Greece renegotiating its current deal with the IMF and any further setbacks could mean Greece will finally default and potentially have to leave the EU.

This has shifted market perception slightly and it is interesting to note that these gains for the Pound came about despite some worse than expected UK inflation figures this morning. The EUR has found some support over the last hour and despite these latest developments, I’m still not convinced this support for Sterling is sustainable. The upcoming EU referendum continues to dominate headlines and the uncertainty it is creating will continue to be a shackle around any Sterling improvement.

If you have an upcoming GBP currency requirement and would like to discuss the best options for your exchange, then please feel free to call me on 0044 1494 787 478 and ask one of the team for Matt. Alternatively, I can be emailed directly on mtv@currencies.co.uk

GBPEUR showing signs of weakness once again? (Joseph Wright)

After disappointing yesterday the GBPEUR currency pair have once again begun the day poorly, with the pair down over 0.5% at the time of writing.

The Pound dropped yesterday against most major currency pairs after both Industrial and Manufacturing data came out worse than expected, with factory output falling to its lowest level in 3 years.

These disappointing sets of data don’t bode well for Sterling moving forward when we consider that the EU Referendum is now just 42 days away. Political uncertainty usually weighs down the value of the underlying currency, and with the most recent polls suggesting that the ‘Leave’ campaign is gathering up steam since the beginning of May, I’m expecting further weakness in the value of Sterling in the lead up to the Referendum.

There was further negative news for Sterling bulls yesterday as the NIESR (National Institute of Economic and Social Research) suggested that GBP could fall a further 20% in the event of a ‘Brexit’, and also it was announced that as of late, the campaigns for Britain to leave the EU have received more financial donations than their opponents.

Later today at 12 GBP exchange rates could swing in either direction as we have a number of important news releases scheduled. The latest Bank of England Interest Rate Decision, Monetary Policy Statement and Minutes Speech are all due around that time so anyone with an interest in the rate of GBP exchange rates should keep a close eye to the markets around that time.

If you are planning to use GBP to buy a foreign currency it may well be worth your time getting in contact with me (Joseph Wright) 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.

Sterling Rallies Against the EUR (Matthew Vassallo)

Any clients holding GBP should be keeping an extremely close eye on market developments, as the Pound has started to find some support over the past couple of days. This move has brought some much needed respite following a poor run for the Pound, which started at the turn of the year and has been compounded by the on-going uncertainty surrounding the EU referendum in June and a possible Brexit.

The reason we have seen the EUR weaken off against Sterling is likely due to the comments made by President Barack Obama over the weekend, which indicated Britain would be in a far worse position if we left the EU and ‘at the back of the line’ in terms of trade deals with the US. This immediately caused the EUR to weaken, as the comments are likely to sway a portion of voters, perhaps some of those who were still undecided.

This drop was intensified following yesterday’s better than expected UK GDP figures and GBP/EUR rates moved through 1.29, providing some much needed respite for the Pound. However, this spike was not sustainable and the EUR found support moving the pair back towards 1.2850. I still feel the Pound is likely to find like tough going over the coming weeks and I do not expect a move above 1.30 under current market conditions.

If I was holding GBP I would be looking to take advantage of the improvement we’ve seen this week and not gamble on what is still a fragile economy.

If you have an upcoming GBP currency requirement, then please feel free to contact me to discuss the current market conditions and forecasts. We assist clients with not only the transfer of their funds at award winning rates of exchange but we will also help you time your exchange and maximise the market value. I can be reached on 0044 1494 787 478 and just ask one of my team for Matt. Alternatively, you can email me directly on mtv@currencies.co.uk

Terrorist Attacks in Brussels Create Uncertainty for GBP/EUR

This mornings terror attacks in Brussels have created further uncertainty for GBP/EUR.  There is the question as to whether more may be on the way, in which case the market could become volatile. Which way the market moves will depend on where the attacks take place.

The EU Referendum is still the key factor in any GBP – EUR trade, there is a strong possibility of an exit and if this is the case the pound could  well plummet in value. HSBC have predicted if the UK were to leave the EU we can expect parity on GBP/EUR exchange rates.

Many of our clients are taking advantage of forward contracts to protect against such a fall. A Forward is essentially buy now pay later, which requires a 10% deposit. It is definitely worth considering if you have  a Euro requirement. If you have currency needs please feel free to get in touch, I will be able to make you a significant saving compared to your bank and I will be happy to provide a free quote. I can be contacted on (0044) (0)1494 787478 and ask for Daniel Johnson or e-mail me at dcj@currencies.co.uk. Thank you for reading my blog.

The Pound’s Slide Continues (Daniel Johnson)

There was significant movement last week for Sterling against all major currency parings. This was mainly due to the European Central Bank’s (ECB) interest rate decision last Thursday.  The ECB announced there would be a rise in Quantitative Easing from €60bn-€80bn. Mario Draghi the Head of the ECB also announced there would be a drop in key interest rates. I expected a much more severe reaction on GBP/EUR, but instead we only saw   the 1.30 mark hit momentarily. Mario Draghi adopted a very bullish stance after the changes were announced and declared there would be no further cuts. The pound then fell sharply against the Euro. I was shocked to see the market move so significantly on a bankers words as apposed to the actual changes made to Eurozone monetary policy. I feel with the EU referendum pending and polls suggesting it will be very tight the pound has little chance of any substantial recovery until after the vote on 23rd June. I think the implementation of further QE and a drop in interest rates was the final chance of a convincing rally for Sterling against the Euro.

Banque de France minister Francois Villeroy de Galhou spoke in the last 24hrs and stated that monetary policy changes are working with 80k new jobs in France and an increase in inflation. This has seen GBP/EUR hit the 1.27s. We also have George Osbourne set to deliver the budget tomorrow and some quite severe cuts are expected, there could be further losses for the pound. If you are a Euro buyer it may be wise to move sooner rather than later.

If you have a currency requirement please do not hesitate to get in touch. I will be happy to provide a trading strategy to suit your individual needs and also guarantee to beat any competitors rate of exchange. If you would like to contact me please e-mail me at dcj@currencies.co.uk or feel free to give me a call on 01494 787 478 and ask for Daniel Johnson. Thank you for reading my blog.

 

 

GBPEUR could be very volatile this week and next!

The EU summit is looming and is likely to lead to plenty of movement on exchange rates as investors  digest the latest news and plans for the pound and the Euro. Just lately there have been a number of expectations on the pound to weaken but owning to some comments by the ECB members responsible for voting on QE next month, the Euro has strengthened. We are now at a very important point which will determine the next few weeks on GBPEUR exchange rates. Has David Cameron managed to renegotiate a new deal with key players in the EU? My reckoning is yes he will but with concessions. I think the pound could lose up to 2 cents if this is the case. I would not be surprised to see this story drag on until March at the next EU Summit as is often the case in these meetings, things don’t get agreed first time around.

For more information on the pound and the Euro please speak to me Jonathan by emailing jmw@currencies.co.uk. I have many years experience in assisting private clients and business in their currency transactions. I am here to offer a specialist service for anyone who needs to consider any money transfers for the future, please do contact me to learn more.

Where Next for Sterling Exchange Rates? (Matthew Vassallo)

GBP/EUR rates continue to float around 1.42 on the exchange, with rates fairly flat during Friday mornings trading. This is despite a key economic data release for the UK earlier today, in the form of the latest Gross Domestic Product (GDP) figures. This is usually a key market mover but with the figure of 0.5% growth coming out as expected, it is likely the markets had already factored this into the current rate.

It’s been another positive week for the Pound, with the pair creeping back towards the near 9 year highs we saw in the summer. Whilst the EUR has found protection around the current levels previously, I am not convinced the single currency can sustain a major improvement under the current market conditions. As we heard from David Cameron and Chancellor George Osborne during the Autumn budget, the UK recovery is on track. They were extremely bullish about this and future growth forecasts for the UK, so ecpect the Pound to be well supported in the market over the coming weeks.

If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me directly on mtv@currencies.co.uk

Where Next for GBP/EUR Exchange Rates? (Matthew Vassallo)

GBP/EUR rates have been creeping back towards the highs we saw in the summer over the past couple of weeks. With the pair now trading just under an 8 year high, EUR buyers have once again been presented with a fantastic opportunity to purchase their currency.

It’s been a volatile few weeks for the pair, which at one point seemed to be heading back towards 1.35. It is not the first time the EUR has threatened to realign itself after months of negative downturns, only for the Pound to snap back. Investors have been unable to find any sustainable confidence in the single currency, especially whilst the Eurozone remains in such economic disarray and although the EUR has found some support around the current levels, recent market developments indicate it will struggle to make a sustained impact against the Pound.

There was some respite for the EUR this morning, following better than expected Manufacturing and Services data. This has helped to curb any further losses for the EUR and may give it some protection over the coming days. The underlying problem facing EUR sellers is the likelihood of the European Central Bank (ECB) increasing their current Quantitative Easing (QE) programme in December, in the hope this will help to drive inflation levels up. With this news now being priced into GBP/EUR rates expect the EUR to struggle, unless of course there is no increase in QE, in which case it is likely the EUR will strengthen off the back of this.

Looking ahead and it’s a fairly quiet week for UK economic data releases, so much of the focus will be on Friday’s Gross Domestic product (GDP) figures. Market expectation is for 2.3% growth, so anything outside of this is likely to cause additional volatility on GBP/EUR exchange rates.

If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me directly on mtv@currencies.co.uk

UK GDP Figures Worse Than Expected (Matthew Vassallo)

The UK economic recovery was hit this morning, following the release of the latest Gross Domestic Product (GDP) figures. Figures came in worse than expected and in my opinion this is likely to halt Sterling’s momentum in the short-term. The official figure of 2.3% growth was under the anticipated 2.4% and this immediately caused the Pound’s levels to drop against the majority of the major currencies, including the EUR, USD & AUD.

The Pound has benefitted of late from a run of positive UK economic data releases and as mentioned in previous reports, the catalyst for this was better than expected UK Unemployment rate and Retail Sales figures. These boosted the Pound’s value, which in turn was assisted by a weakening EUR due to the on-going uncertainty surrounding the possible extension of their current Quantitative Easing (QE) programme. However, with the ECB refusing to commit to any extension on their current stimulus measures, despite indicating they were willing to do whatever is necessary to stabilize the Eurozone region, and the weak UK GDP figures already discussed, the Pound is likely to find resistance around the current levels and I would be very surprised to see GBP/EUR rates break 1.40 again under current market conditions.

The markets have already come to terms with the realisation that there will be no rate hike in the UK any time soon and this was one of the main factors in driving Sterling’s value up. It is far more likely in my opinion that the best chance the Pound has of recovering is faltering economies elsewhere, that may drag the currency in question down.

If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me directly on mtv@currencies.co.uk

UK Construction Data causes Sterling to take a Knock (Daniel Johnson)

UK construction figures were released today and they have not been this low for two years. We have seen GBP/EUR hit new buoyancy levels between 1.3466 – 1.3518. If you have a Euro requirement it may be time to reevaluate your expectations.  If I was purchasing Euros I would be looking to move anywhere between 1.3550 and 1.36.

I do have several large GBP-EUR trades going through in the coming days that potentially I could tag new clients on to and achieve a very competitive rate. Please do get in touch if this is something of interest. I will guarantee to beat any bank or brokerage’s exchange rates.

I am currently offering a free rate alert service, just drop a line or e-mail with your currency requirements including your time scale and the levels you are hoping to obtain and I will notify you of  any significant movement.

Thank you for reading today’s Blog, I would greatly appreciate any feedback you have and would take pleasure in replying personally. I am more than than happy to assist you with any of your currency requirements. Feel free to e-mail me on dcj@currencies.co.uk or call on 01494 787 478 and ask for Daniel Johnson.

Slight GBP/EUR correction today (Joshua Privett)

The slide in GBP/EUR since the start of this week on global markets halted this morning at lows of 1.353 and rose up again gradually to breach 1.36 as markets closed this afternoon.

We are essentially seeing similar market movements to what evolved last week following the events of Black Monday. China’s stock market slide reverberated on a global scale, causing investors to flee into safe haven currencies. As the Euro was cheapest and has proven to be more stable recently, this was preferable. Demand for the Euro suddenly sky-rocketed and as a result so did its value. As stock markets stabilised this Euro strength slowly began to leak back into Sterling, pushing up GBP/EUR rates.

At the start of this week a repeated slide in the stock-market due to poor Chinese manufacturing data saw the Euro gain strength once more, and this correction today is a repeat of the stock-markets beginning to stabilise again.

Firstly, this correction is more gradual and took longer to come about than last week following the initial slide. Investors are no longer optimistic that Black Monday was a ‘blip’ or ‘anomaly’ and as such are less willing to re-invest in securities immediately after the market halts its fall in value. So money is remaining in the Euro and keeping down GBP/EUR rates.

Secondly, tomorrow the Eurozone will be releasing key data on their economy and will also be announcing their interest rate decision. With the recently glowing German data, we’re expecting similar reflections for the Eurozone as a whole.

These rates are now unlikely to slide higher as artificial Euro strength will remain and even be supplemented by genuine confidence in their economic performance. Those with Euros to buy in the short term I would recommend moving sooner rather than later if you can due to this – even if you requirements are not until later in the month or even the next rates can be pegged and help for you are no additional cost should you need it. Euro sellers may find some even more attractive opportunities beginning to emerge tomorrow.

Email me overnight on jjp@currencies.co.uk to receive a free quote on your transfer and I’ll happily take the time to offer my opinion on your personal situation if you were seeking advice.

GBP/EUR rate rise before the weekend a gift to Euro buyers (Joshua Privett)

GBP/EUR rates were bolstered from a small injection of Euro weakness on Friday afternoon. GDP figures came in lower that expected, and as a result forecasts for the year are now down to 1.2% growth when a higher amount was expected. But this was only enough to weaken the Euro by about half a cent against Sterling, just holding rates above the 1.40 region.

This has provided a short bit of respite for Euro buyers recently, as the past week of trading has seen rates fall from as high as 1.44 down to lows of 1.39. The reason for this is the greater confidence in the Euro following increased inroads to a full agreement on the Greek bailout.

This morning, after a whole night of debate, the Greek parliament have agreed on the final measures to pass the bailout. Now this simply needs to be ratified by the the Eurozone and German parliaments. Once this happens, and the bailout becomes more concrete, then the current trends we have been seeing recently will likely continue – to the delight of Euro sellers.

To what extent will these rates fall? The truth is it is difficult to say. They have already fallen further following positive news coming out of Greece than at any point in the past when a deal has been close to being reached. There will certainly be a drop, if slight, but the true point of this post is to encourage anyone with Euros to buy to be prepared to move after the weekend.

There is little movement over weekends as markets close. But if you email me over the weekend on jjp@currencies.co.uk and leave a number to call, I would be happy to contact you on Monday with a live quote for your exchange, or some tailored advice for your situation if you are not in a position to act just yet. I would remind anyone who does not need currency until a few months or weeks from now, that these current high rates can be pegged at no additional cost.

GBP/EUR Rates Spike Again (Matthew Vassallo)

GBP/EUR rates have spiked up during Wednesday’s trading, with the pair moving back towards 1.42 on the exchange. After what now looks like another false dawn for the EUR early this week, the Pound has gathered momentum and although it still a couple of cents below the recent highs, it does seem as though it will continue to find support above 1.40.

Despite a new agreement in place between Greece and its creditors, reports are indicating that the chances of Greece managing to make their repayment deadline in August are minimal at best. This is the key issue for the Eurozone at present and until we have some sort of longer-term solution, or Greece leaves the Eurozone, then the EUR is going to struggle to make any sustained impact against GBP.

There will still be short-term opportunities for those clients selling EUR, as we saw on Monday but I do not expect a major turnaround anytime soon.

If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me directly on mtv@currencies.co.uk

GBP/EUR Spikes During Wednesday Trading (Matthew Vassallo)

GBP/EUR rates have spiked back up during Wednesday’s trading, following a loss on the exchange yesterday. The Pound dipped by almost 2 cents yesterday and once again the markets indicated we may finally be seeing some respite for the EUR, following a very testing few months. However, it now seems no more than another false dawn with GBP/EUR rates moving back through 1.43.

This is not the first time the EUR has threatened a realignment over recent weeks and although the single currency is showing no immediate signs of a major turnaround, it doesn’t mean EUR sellers cannot find short-term opportunities to sell at better prices, yesterday’s movement being a prime example.

With Bank of England (BoE) Mark Carney being particularly bullish about the UK recovery at present, even alluding to the fact that UK interest rates may rise sooner than most expect, Sterling is finding plenty of support in the market. Add to this the on-going debacle in Greece and it is not hard to see why we are at some of the best levels seen on GBP/EUR over the past 8 years.

A cautionary word would be that this is not the first time Carney has talked up a rate rise, only to dash the markets hopes the following month. It may well be that he follows suit again, as I personally cannot see the BoE raising rates sunlit at least the second quarter of 2016 at the earliest. With a new deal now in place between Greece and its creditors we may find these eases pressure on the EUR and I do feel the EUR is likely to find some support sooner rather than later.

If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me directly on mtv@currencies.co.uk

What next for the GBPEUR exchange rate?

The GBPEUR has taken another leapfrog over 1.43 further helping Euro buyers and creating more misery for Euro sellers. On balance it seems reasonable to expect the pound will maker further inroads on the embattled Euro creating further havoc for anyone trying to plan their future currency transfers. The pound has been finding more and more favour in the last few months as interest rate hike expectations improve for the UK. Just what can we expect around the corner for the exchange rate? I am widely expecting the pound to continue to rise as the UK economy improves and investors confidence in the UK soars. Put it this way if you wanted to make the most of your currency exchanges what would you rather be holding? Euros or the pound? For most market participants the answer is easily the pound!

If you need to buy or sell Euros doing everything you can to maximise your exchange is the best thing to do. Speak to me Jonathan about all of your options on jmw@currencies.co.uk.

GBP/EUR Rates Heading for 1.43! (Matthew Vassallo)

GBP/EUR rates are sitting close to an 8 year high following another positive day for Sterling. Sterling momentum from yesterday has continued with uncertainty over whether the Greek deal on offer from its creditors will be ratified in the Greek parliament this evening.

There are also varying reports over how good this deal is for wither the Greek’s or the Eurozone and it seems as though the markets have viewed this as further bad news, which is why we have seen GBP/EUR rates hit 1.4284 at today’s high. We also had Bank of England (BoE) governor Mark Carney talking up the UK recovery and mentioned that if this positive trend of economic data continues, we could see the BoE raise UK interest rates sooner rather than later.

Despite today’s movement I still feel a deal will be pushed through tonight and this should at the very least bring some respite for the EUR. It does seem however, as if the markets will need to see further proof of progress if the EUR is to gain any sustained support.

If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me directly on mtv@currencies.co.uk

A volitile day for GBP / EUR! (Dayle Littlejohn)

Its been a volatile day for GBP/EUR. Greece continue to make the headlines within the currency markets as they still have not finalised a deal regarding their bailout. Greece must repay €1.6bn to the IMF by the end of this month, or run the risk of defaulting from the Eurozone.  I believe a deal will be struck towards the end of the week and GBP/ EUR will fall back towards the mid 1.35s.

GBP/ EUR exchange rates have fluctuated 2 cents today. Therefore if a client purchased €100K at the high of the day compared to the low they would have saved £1,000. Therefore its important when buying currency to keep informed of potential events that could effect exchange rates. For more information and a further forecast feel free to email me directly drl@currencies.co.uk.

 

Will GBP/EUR Trend Continue? (Matthew Vassallo)

GBP/EUR rates have spiked again during Tuesday’s trading, pushing the pair back towards 1.41 on the exchange. With the Pound gaining market support throughout this morning’s trading it is likely the markets are factoring in the uncertainty surrounding the situation in Greece. With no agreement yet reached in terms of an extension on Greece’s debt repayment the markets may be expecting the worst, despite reports today that a deal was getting closer.

Personally I feel a deal will be reached over the coming days but it is likely to be a short-term extension with the hope that a renegotiation will be agreed during this period. Whether the EUR will gain much support if this scenario comes to fruition is difficult to say but if you consider the recent history on the pair then it is likely the EUR will soon find support around the current levels and may even move back below 1.40 before the end of the trading week.

If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me directly on mtv@currencies.co.uk