Tag Archives: euro

Pound drops lower once again as interest rate hikes suffer setback and Euro gains on the Dollar (Daniel Wright)

GBP/EUR exchange rates have dropped to the lowest point we have seen since since the U.S elections back in November, which is due to two reasons we saw yesterday.

Firstly, we had two members of the Bank of England speaking during the course of yesterday afternoon and both of those members dampened expectations of a U.K interest rate hike happening  in the near term, which led to the Pound losing further ground against the Euro and most major currencies too.

An interest rate hike is generally seen as a positive for the currency concerned as it makes it more attractive to investors, and the markets can more on speculation as well as action, so even the mere hint of a hike moving closer can lead to the Pound gaining strength, we saw this shortly after the last Bank of England interest rate decision where they confirmed 3 out of 8 members had voted in favour of interest rates going up in the U.K and this gave Sterling a boost.

The chances of a hike appear to have decreased again after yesterday which is why the Pound has lost a little value.

Secondly, due to more issues over in the States surrounding Trump and Trump JR the Dollar has lost plenty of ground against the Euro. With EUR/USD being the most traded currency pairing in the world when you see a large amount of money coming out of the Dollar and going into the Euro, the Euro can gain strength against most major currencies too, making it more expensive to buy.

Unfortunately economic data is still not dragging the Pound back up and we have unemployment figures and average earnings due out at 09:30am today. Average earnings are of great importance at present as inflation is increasing and making goods and services more expensive where as peoples earnings are actually increasing at a slower pace which is not a good sign for the economy. Should this trend continue people will have less and less money to spend and this may cause further problems for the economy as the year moves on.

We really do need to see a catalyst for the Pound to start moving in the right direction again but at present that has not materialised. The worry now is that we are starting to see the true impact of the referendum vote start to shine through now and that Sterling may be in for a tough month ahead.

If you have Euros to buy or indeed sell then it is more important than ever to make sure you maximise your exchange rate. Feel free to contact me (Daniel Wright) to discuss the various options available to you. Yo ucan email me on djw@currencies.co.uk and I will get back to you personally.



GBP EUR Before Queens Speech on Wednesday (James Lovick)

Sterling Euro exchange rates have come under renewed pressure today after comments this morning from the Bank of England governor Mark Carney. He suggested that he was not overly concerned by the rising level of inflation and that interest rates would remain low for some time. This resulted in an immediate fall in the price of sterling as those expectations of when the first interest rate hike for year are put back once again.

The pound has fallen by 0.75% against the Euro today with rates for GBP EUR having reached a low of 1.1345 this afternoon which has created an excellent opportunity for those clients looking to sell Euros. For anyone selling Euros the combination of all the recent political uncertainty and the start of the Brexit negotiations has resulted in a weaker pound.

Another speech tomorrow morning from another Monetary Policy Committee member Andy Haldane could see additional volatility for the pound. EU Purchasing Managers Index data for the manufacturing and services sectors could help boost the Euro further.

Queens Speech – Impact on Sterling

The Queens speech on Wednesday has the potential to see some political fireworks with the pound reacting according. Any attempt by Jeremy Corbyn to vote down the Queens speech could see the pound react badly with sterling weakness to be expected. However my view is that once an agreement has been made between the Democratic Unionist Party (DUP) and the Conservative party then this should be seen as welcome news for the British economy and the pound should rally on the back of the news.

If you would like further information on Euro exchange rates or any of the major currencies and to discuss how we can assist then please feel free to contact me on 0044 1494 787 478 and ask one of the team for James. Alternatively, I can be emailed directly on jll@currencies.co.uk

Critical 36 hours for GBPEUR exchange rates!

GBPEUR has opened this morning flirting around the 1.15 mark as markets digest events for a crucial couple of days for this pairing. The headline event is of course the UK election which takes place today, results due early tomorrow morning. Today however we have the latest ECB (European Central Bank) meeting which will be closely followed for information relating to any changes in monetary policy from the ECB. All in all I expect the predictions will be correct and GBPEUR will rise as Theresa May secures a much larger majority although I don’t see a landslide.

GBPEUR has slipped down to almost 1.13 in the last week as markets begin to price in the possibility of a Labour win or indeed a hung parliament. With the election taking place at such a crucial time with Brexit running in the background markets are being careful to not be caught out. Markets were surprised by the Trump and Brexit votes of last year which saw big swings on exchange rates, this time investors are being very careful about placing too high an expectation on any particular outcome.

Overall nothing can be taken too much for granted as historically the Conservative vote has been largely underestimated in the polls, this was true following the 2010 and 2015 election so may well see Theresa May winning more the the polls indicate. I expect GBPEUR would fall down to say 1.12 on a hung parliament, 1.10 on a Corbyn victory and 1.16-1.17 on a majority of 50-80. Anything above 80 would probably lead to rates approaching the very high teens, should May match Thatcher’s landslide of 144 then I think 1.20 could be on the cards.

If you have a transfer to make making some plans around these important events is I believe crucial to getting the best deal and not missing out. For more information at no cost or obligation please speak to me Jonathan Watson by emailing jmw@currencies.co.uk.

Could the Pound fall further against the Euro? (Tom Holian)

Pound Euro exchange rates have had a difficult last fortnight with a loss of over 3 cents. The problem that the British economy appears to be facing at the moment is that of rising inflation.

This was confirmed in both the Quarterly Inflation Report as well as the Consumer Price Index which came out earlier this week.

Rising inflation is a problem for the UK and part of this has been caused by the strength of the US Dollar. As we import so much from overseas and GBPUSD exchange rates have fallen by approximately 15% since last year when the Brexit vote was held the cost of living is rising.

Indeed, unemployment which came out at its best level in 45 years should have in theory strengthened Sterling vs the single currency but as Average Earnings came out lower than the current rate of inflation this means that although more people are in work their spending power has been reduced.

Increasing inflation would usually be tackled by the Bank of England with an interest rate hike but the central bank has a problem in that Quantitative Easing seems to be the monetary policy used in recent years. The Bank of England voted earlier this month to keep rates on hold with only one member voting for an interest rate hike.

Therefore, I think we will see the Pound struggle against the Euro until the issue of inflation is tackled or it comes down by itself.

With less than 3 weeks to go another question that I am frequently being asked is what will happen to the value of the Pound once the general election takes place.

Usually we would see the Pound strengthen if the existing government maintains the status quo but I think this time round as it is so obvious that the Tories will win I think this has already been priced in to GBEUR exchange rates.

If you would like further information or for a free quote when buying or selling Euros then contact me directly and I look forward to hearing from you.

Tom Holian teh@currencies.co.uk



Will the Pound improve after the French election? (Tom Holian)

We are now just a short time away from the French election which will be key in the short term movement for GBPEUR exchange rates.

At the moment it looks more than likely that Macron will win on Sunday with a clear majority vs Marine Le Pen but for me if the vote is closer than most expect then I think we’ll see some problems ahead for the single currency.

Le Pen is one of the most controversial candidates in France for years as she has campaigned for both a French referendum on the European Union as well as leaving the Euro in favour of the French Franc.

With the UK election campaign now in full swing I think as the Tories have done so well with the local elections I don’t see any real challenge from any other party and this is likely to provide Theresa May with a clear path to victory.

Over the month I think we could see the Pound improving against the Euro challenging 1.20 on the Interbank level.

However, once the general election is concluded the focus will then return to the Brexit negotiations and Theresa May has already said she’ll make things difficult and therefore I think we’ll see the Pound start to fall once the talks commence.

Having worked in the foreign exchange industry since 2003 for one of the UK’s leading currency brokers I am confident of being able to offer you both bank beating exchange rates and also help you with various contract types typically not available from your own bank.

For further information or for a free quote when buying or selling Euros then feel free to contact med directly and I look forward to hearing form you.

Tom Holian teh@currencies.co.uk


Is the Pound to Euro rate trading at the top of its current trend? (Joseph Wright)

Many of our clients planning a GBP to EUR currency exchange have been waiting for some time for the GBP/EUR rate to exceed 1.20.

The pair have been locked between a wide trading range of 1.10 to 1.20 pretty much since the initial shock of the Brexit vote last June, and on a number of occasions the pair have bounced off of 1.20 as the level appears to be acting as a psychological barrier.

Whilst many are playing the waiting game some have based their trades off of mid-market levels in the high teens such as 1.19 – 1.1950 and so far this appears to be the smartest move.

Interestingly analysts at Lloyds bank have recently stated that they believe the Pound is trading at fair value against the Euro at its current levels, and that they aren’t expecting to see the Pound climb much higher.

Personally I think we will see the Pound to Euro rate test 1.20 once again but I think there will need to be a large weakening of the Euro specifically if we are to see the GBP/EUR pair exceed 1.20.

Later today UK GDP data will be released with 0.4% on a quarterly basis the expectation, so expect any deviations from this level to result in GBP/EUR volatility, and feel free to get in touch if you wish to be kept updated regarding this figure.

 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.


Rate to buy Euros with Sterling and the impact of next week’s Eurozone economic data (Tom Holian)

We are in for a big week for anyone looking to buy Euros with Sterling as the focus will turn to Eurozone economic data due to be released early next week.

UK GDP from Thursday has already shown that the British economy has remained resilient during the final quarter of 2016 and that the Brexit uncertainty has not had the negative effect that some experts previously had predicted.

On Monday of next week Eurozone data begins with the release of Consumer Confidence as well as Industrial Confidence data. This is likely to cause some volatility for GBPEUR rates but personally I think Tuesday’s data will cause the most movement for the Pound vs the Euro.

On Tuesday the Eurozone announces Inflation, GDP and Unemployment data. Each data release is extremely important in its own right and all three are due to be released within an hour of each other which is rather unusual so in my opinion this could cause huge movements for Sterling vs the Euro shortly after the release on Tuesday morning.

Therefore, it is important that you keep a close eye on what is happening with rates as this is likely to affect the value of Sterling vs the Euro but it is not yet clear whether the data will be positive or negative.

Sterling has been trying to get towards 1.20 recently and has struggled to get past 1.18 during this month but if the data is negative for the Eurozone early next week this could be the catalyst needed to send GBPEUR rates in the direction of 1.20.

However, the ongoing discussions concerning the Brexit are likely to weigh heavily on Sterling so the opportunity to buy at slightly higher rates could be limited.

To be kept up to date with what is happening between Sterling and the Euro or if you have a currency transfer to make then contact me directly for a free quote and I look forward to hearing from you.

I have worked in the fx industry since 2003 for one of the UK’s leading currency brokers and therefore I am able to offer you bank beating rates.

For a free quote please email me with a brief outline of what you need to do and I’ll happily respond.

Tom Holian teh@currencies.co.uk




What can we expect next for the pound to euro rates?

2017 should be an interesting year for GBPEUR as we learn of fresh political uncertainty in the Eurozone and also the UK. The question is which currency will be the weaker, will it be the Euro or will it be the pound. In my personal opinion we will see both currencies come under real pressure but it could be at different times. Therefore I expect a rocky performance with some big swings on the market. It would not be out of the question to see rates between 1.10 and 1.30 in 2017. If you think that is unrealistic the swings this year have been between 1.36 and 1.06 which is 30 cents. 20 cents next year is by no means out of the question.

Firstly starting with the pound the big news will be the Supreme Court decision and market reaction. I personally expect the Supreme Court to uphold the decision that the UK Government must seek parliamentary approval to trigger Article 50. Whilst loosely GBP positive as it makes a hard Brexit less likely, following this release I think attention will shift towards the outstanding big questions over Brexit, namely what it means and the type of deal the UK can get. These negotiations are unlikely to be smooth and it will be this uncertainty which will act as a hindrance to the pound and will see sterling lower.

The Euro will come under further pressure owing to the political uncertainty in the European Union as the French and Germans go to the polls. I expect this uncertainty to manifest in the latter stages of the year as we approach Summer after the French elections in April. The greater degree of uncertainty stems I believe from the German elections which are in the Autumn.

I believe GBPEUR will retest the lows towards 1.10 in the first 3 months of 2017 before rising towards the end of the year as attention turns to European affairs. If you have a currency exchange involving the pound and the euro then please get in touch with me to learn more about the latest trends and themes which will effect your exchange rate. Please email me Jonathan on jmw@currencies.co.uk to learn the latest news that might influence your exchange rate.

Sterling still slipping as post referendum data continues to be poor (Daniel Wright)

The Pound has continued to weaken against all major currencies as had been widely expected this month, as we continue to see poor economic data releases following the decision by the public to vote in favour of leaving the EU.

This decision has led to lots of investors and business’s holding back from getting involved in anything too large until they can see a clearer picture of what the plan is going forward.

We have a fairly quiet week ahead in terms of economic data still to come out for the U.K however European growth figures due out tomorrow morning may well be key to where this currency pairing may head to next.

Expectations are for the growth level to remain steady so any alterations to the expected figure of 0.3% for the quarter and 1.6% year on year may lead to some further volatility for Euro exchange rates tomorrow morning.

It is important to remember that there are still plenty of problems for the European banks, most notably in Italy at present so we still may be set for the Euro to take a tumble in the near future, however the Eurozone are very good at sweeping problems like this under the carpet so we may be weeks, months or even years away from seeing this happen.

If you have Sterling or Euros to exchange either imminently or in the future then it is well worth filling in the form below and I will personally give you a call. You can also email me (Daniel Wright) directly on djw@currencies.co.uk and I will happy to respond as soon as I can.

GBPEUR continues to fall (Dayle Littlejohn)

Its been another poor day for the pound vs the euro as exchange rates have dropped 0.6% (1 cent). A €200,000 purchase is now £1,450 more expensive compared to when we started trading this morning.

Yearly and monthly manufacturing production numbers for June were released worse than expected, trade balance for Non EU showed a decline along with goods trade balance numbers. All in all, a bad day for UK economic data however I am not surprised. Investor confidence is low in the UK, therefore trade has slowed.

Looking ahead, other than UK export figures (the pound is cheaper to buy now), I wouldn’t be surprised to see most economic data disappoint and therefore the pound lose value against the euro.

Governor of the Bank of England Mark Carney, has eluded to future interest rate cuts for the UK, which is a worry as interest rates are now at 0.25% a record low.

As for the Eurozone, Spain and Portugal today have been waived fines for having excessive budgets. Spain’s deficit was 5.1% and Portugal’s 4.4% and countries are not supposed to go above 3%. The EU council have cited exceptional circumstance have given both countries further time to reduce their deficits. The news has had no impact on the euro.

If you have a currency exchange to make involving GBPEUR it makes sense to explore all of your options. Here at GBPEUR forecast we understand every client’s situation is different, therefore we devise a strategy that meets your needs and requirements. As for exchange rates we can beat any UK brokerage or bank and I look forward to proving this to you. The clients I deal with are high net individuals, businesses and property buyers / sellers that are trading €10,000 to the multi millions.

Feel free to email me with the reason for your transfer (transfer of wages, property purchase) and I will respond with my forecast and the process of using our company.  drl@currencies.co.uk

When will Sterling Recover Post-Brexit? (Daniel Charles Johnson)

A new cabinet is now in place with Theresa May at the helm and I think we will see the pound gradually strengthen. There are two events which could hinder any pound rally however. Firstly on the 4th August we have  the Bank of England’s (BOE)interest rate decision. There was the high chance of a rate cut at the Monetary Policy Committee’s (MPC) vote this month but rates remained unchanged at 0.25%. Usually if a data release goes a against the grain you will see a big change market. GBP/EUR  only saw a slight change, briefly moving to 1.21 before levelling out  at around 1.20. Only a cent away from the previous day’s 1.19. This could be due to the strong possibility of a rate cut in August. It is the general consensus this will happen, therefore I would not expect the pound to drop substantially when a cut does occur. The other event which could cause Sterling to fall in value is if the button is pushed on article 50. Article 50 engages the UK’s exit from the EU, this will  weaken the Pound. I do not expect this to happen until early 2017 however.

If you have a currency trade it is important to be in touch with a seasoned broker. The timing of your trade is vital during such a volatile  times, If you have a veteran broker on board he can keep you up to date with what is happening in the market to help you make an informed decision. If you would like me to help with your trade I will be happy to help. Let me know the currency pair you are trading, volume and time scale and I will provide a free trading strategy to suit your needs. I work for one of the top brokerages in the UK and as such I am in a position to beat nearly every competitors rate of exchange. You would be looking at around a 4% saving in comparison to high street banks. Please do get in touch by contacting me at dcj@currencies.co.uk. Thank you for reading my blog.

Sterling Euro rates on the rise as UK settles down politically (Tom Holian)

Sterling Euro exchange rates have this morning broken past 1.20 and the Pound has seen gains against all major currencies already this morning.

Politically things have become more stable for the British economy with new Prime Minister Theresa May coming in and this has helped Sterling experience some form of recovery against the Euro.

The Bank of England have confirmed last week that UK interest rates have been kept on hold with an 8-1 vote in favour of keeping rates on hold. However, the likelihood is that we could see some form of monetary easing at next month’s meeting due to be held on August 4th.

UK inflation data is due out on tomorrow morning with expectations for 0.4% year on year and anything difference could cause volatility for Sterling Euro exchange rates.

The impact of lower than expected data is that this could influence the central bank at next month’s meeting and could increase the odds of an interest rate cut or further QE next month.

On Thursday the European Central Bank announce their own interest rate decision and this could cause even further volatility for Sterling vs the Euro this week.

If you need to either buy or sell Euros in the weeks ahead you may wish to consider buying a forward contract which allows you to fix an exchange rate for a future date for a small deposit.

If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian teh@currencies.co.uk



What is happening to Sterling Euro exchange rates? (Tom Holian)

Sterling Euro exchange rates have started to witness a brief recovery after the turmoil caused by the Brexit vote just over 3 weeks ago.

Prior to the announcement Sterling was trading above 1.3o and we have seen a drop of over 12% against the Euro but this week Sterling has showed signs of recovery.

The news of the new Prime Minister Theresa May coming in has helped to settle the economy and Sterling has taken the news positively as it has stabilised the very uncertain political landscape in the wake of David Cameron’s decision to resign.

Previously the Tory leadership was due to take 9 weeks but when Andrea Leadsom stood down last Monday this helped the economy.

Also on Thursday the Bank of England surprised the majority with an 8-1 vote in favour of keeping interest rates on hold.

The expectation was for a rate cut of 0.25% and the absence of any change in monetary policy caused the Pound to very briefly hit 1.21.

With the Consumer Price Index due to be published next Tuesday this could influence the central bank’s decision when they meet on 4th August to decide wether or not to change policy.

Bank of England governor Mark Carney has been very outspoken recently and there is clearly a huge appetite for further easing so if Tuesday’s announcement shows lower than the 0.4% expected then we could see Sterling fall against the Euro.

If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian teh@currencies.co.uk

I look forward to hearing from you.




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

Will the pound rise or fall against the Euro

Will the pound rise in the future against the Euro or is it now doomed and destined to lose value? We do not know the full implications of the Brexit on the pound and it might take many months before we know the full extent of the outcome. I think personally it will not be quite the nightmare scenario some are predicting but it would also be a mistake to be overly confident about either the UK or the pound’s prospects. GBPEUR rates were comfortably over 1.30 last year rising to peaks of 1.40. There is no doubt that the Brexit and economic worries it has triggered have caused the pound to lose value against the Euro. The Euro has also itself been doing quite well owing to improvements in the economic picture in the Eurozone which has helped the single currency. Expectations for the coming months and weeks seem to point to GBP weakness, I would not be surprised to see the pound to euro rate a bit closer to 1.10 than 1.20 in the next few weeks.

If you need to buy or sell the pound and euro making some plans in advance is generally a good idea to avoid the uncertainty and problems of missing out on a potential good exchange rate. Looking at the latest news it is difficult to be too positive about the pound although this is good news for Euro sellers buying pounds. If you have a transfer to make involving buying the pound or euro this is not a market to be too complacent in. The factors at work are not predictable and the outcomes are wide ranging giving high potential for something unexpected to occur causing exchange rates to move quickly.

If you need to make a transfer and wish for more information please speak to me Jonathan by emailing jmw@currencies.co.uk

Will the pound fall further against the Euro? (Dayle Littlejohn)

Throughout Friday’s trading period the pound continued to fall against the euro and I believe this trend will continue this week.

British politics are in disarray. The UK Prime Minister and Conservative leader David Cameron has announced he will be stepping down as Prime Minister and Labour leader Jeremy Corbyn has sacked shadow foreign secretary Hilary Benn this morning due to comments about his leadership. It seems like the EU referendum has divided the two major political parties and this will continue to weigh down on the pound in the weeks to come.

HSBC have announced this weekend when the UK leaves the EU that they could be pulling 1000 employees out of London and moving them to France. I believe we will hear more leading companies announcing similar statements and therefore this will also put further pressure on the Pound.

If you are looking to buy or sell Euros this year, 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.

Inflation Data to set the tone for GBPEUR exchange rates this week (Tom Holian)

Sterling Euro exchange rates are in for another tough week ahead when inflation data is released in the UK on Tuesday and the Eurozone on Wednesday.

The UK Quarterly Inflation Report which was published last week showed signs that inflation is worryingly low and with the Consumer Price Index due to be published on Tuesday morning if we see the figure lower than the estimate of 1.5% year on year then this could see a big fall for Sterling vs the Euro.

Indeed, although all 9 members of the Bank of England voted to keep interest rates on hold to me it’s only a matter of time before one or two of the members look at cutting rates to combat falling inflation.

Wednesday’s inflation data for the Eurozone could provide evidence which supports the recent monetary policy intervention by the European Central Bank to extend and add further QE earlier this year. The ECB have been quite bullish in using QE as a tool to stop falling inflation and I think this could see Euro strength if the data is positive.

On Wednesday UK unemployment data is released and although this has been one of the shining lights in recent times for the British economy with the ongoing fears of a Brexit vote I think we could see unemployment figures coming out lower than expected.

Overall I think we could see Sterling falling vs the Euro during next week.

If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian teh@currencies.co.uk



GBP/EUR Key data releases this week (Daniel Johnson)

The Pound has lost value against  the Euro as of late. There has been a variety of poor data from the UK which has weakened Sterling.  The main factor in any GBP/EUR trade the moment is possibility that the UK may exit the EU . The reason for recent poor data I feel is a direct result of the EU referendum. The uncertainty it has created is pushing away investors.  A  poll in the Economist  has the Leave camp ahead at 41%, the remain camp just behind at 40% and the remainder undecided. There will be a lot of volatility on GBP/EUR  up until voting day on 23rd June.

Keep an eye on manufacturing production and industrial production in the UK released at 08.30 tomorrow.  I would expect to see a contraction which could weaken Sterling further. At 11.00 on Thursday we  have the Bank of England interest rate decision. It is very doubtful there will be any change and I would also be surprised to see any change in the monetary policy committee’s vote.

If you have a currency requirement I would be happy to assist. If you have to perform a trade in the build up to the EU referendum it is vital you speak to an experienced broker. There are contract options available which can help to maximise your return. I specilaise in property and commercial trade and I am in a position to beat the banks exchange rates by as much as 5%.  Please provide me a ball park figure as to the amount you wish to trade, the currency in which you wish to trade and the time scale you have to perform your trade and I will provide an individual trading strategy to suit your needs. Feel free to contact me on dcj@currencies.co.uk for a quote. If you would like to find out more about the company I work for, visit our website at www.currencies.co.uk.

GBP EUR Continues to Climb after Barack Obama Trip

The pound has seen yet another good day with gains across the board as it continues to climb higher against the Euro following a good run last week and gains in excess of 0.6% today. The surprisingly strong rhetoric from US President Barack Obama who has put forward his reasons for Britain to remain in the EU has no doubt helped the pound rally. His comments have been so forceful that the markets have reacted aggressively. Bookmakers are now also pricing in a greater chance that Britain will remain in the EU and have adjusted the odds accordingly as a result of the US Presidents’ influence. His trip has helped create a good buying opportunity for anyone holding sterling moving into any other currency including the Euro.

UK GDP figures for the first quarter are released on Wednesday providing the next major British economic release which is likely to impact on the pound. The National Institute for Economic and Social research (NIESR) recently forecast GDP would fall from 0.6% from the last quarter of 2015 to 0.3% for the first quarter of 2016. This is a substantial fall and could to a certain extent be attributable to uncertainty surrounding the EU referendum. My view is that any slowdown will actually be as a result of a weaker manufacturing sector. A weak official figure could see the pound weaken on Wednesday. Buyers of Euros may be wise to take advantage of the excellent spike that we have seen over the course of the last two weeks as there may be a another rocky patch around the corner especially if the Leave campaign get their act together and put forward some stronger arguments to withdraw from the EU which should be expected soon.

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