Tag Archives: GBP/EUR

How far could the pound fall against the euro (Dayle Littlejohn)

Over the last 8 weeks GBPEUR exchange rates have dropped 6 1/4 cents (5.5%) making a €200,000 purchase £9,250 more expensive.  

The pound has been declining due to Theresa May not winning the UK General election by a majority which has weakened her position as Prime Minister and also her power when negotiating Brexit. This week Brexit negotiations have begun and the PM has already backed tracked and gave the upper hand to the EU by confirming the divorce settlement will have to be decided before trade negotiations begin.

The Bank of England have also been making headline news. Three members of the monetary policy committee surprised the market by voting in favour of hiking interest rates but less than a week later Governor of the Bank of England Mark Carney talked down the MPCs decision confirming the Bank of England are not in the position to raise rates.

Looking further ahead I believe the pound could fall further against the euro due to Theresa May remaining under pressure as Prime Minister and Brexit negotiations. It was only 8 months ago when GBPEUR dropped below 1.10 so the scope is there. For euro buyers purchasing sooner rather than later is the safe option. The currency company I work for has the power to undercut any bank or brokerage therefore I would recommend emailing me for a quote drl@currencies.co.uk.

For euro sellers timing is everything. On a daily basis I help clients that have sold property in Europe and are repatriating their euros. With regular market information my clients make informed decisions of when to trade. If you are selling or have sold a property abroad and would like to make the most amount of sterling possible feel free to email me with a brief description and I will respond with the process of using our brokerage drl@currencies.co.uk.

 

Pound to Euro exchange rates set for marginal fall and strong rise next week (Joshua Privett)

When entering the latter part of the month, economics takes a back seat, and as such the rollercoaster of politics will be at the forefront in governing Pound to Euro rates this week.

We begin with the French local elections, the final part of the French election cycle. This will decide whether the new President, Emmanuel Macron, has the majority he needs to govern effectively.

He is proposing a sweeping change to French labour laws and a host of new pro-business policies. This is why his initial election victory saw the Euro gain almost two cents against Sterling. Should a Parliamentary majority form, then it’s likely we will see further Euro strength given his ability to govern effectively will be cemented. Well, as much as French unions will permit.

In any case, polling is today and the result itself should see further Euro strength when markets re-open tomorrow.

However, the UK is also trying to consolidate political stability. There was a delayed announcement for the Conservative-DUP partnership last week, but the initial hints were enough to see the Pound flirst upwards agains the Euro. Confirmation should realise those hinted gains for Euro buyers.

Then their plans for a Government manifesto will have to be voted on in Parliament given that the Conservatives do not have the majority they need to rule as a single party. Furthermore markets are waiting to hear further news on whether a softer Brexit approach will be taken.

Euro sellers may be wise to seize any opportunities created by the French election result tomorrow. Conversely anyone with a GBP/EUR requirement should be monitoring political developments next week in order to give yourself the best opportunity to puchase at any peaks which emerge rather than a trough.

I strongly recommend that anyone with a Euro buying or selling requirement should contact me on jjp@currencies.co.uk to discuss a strategy for your transfer. I have never had an issue beating the rates of exchange on offer elsewhere, so a brief conversation could save you thousands on a prospective transfer.

GBPEUR rises due to Bank of England (Dayle Littlejohn)

Earlier in the week UK inflation numbers rose to 2.9%, 0.9% above the Bank of England’s target which gave support for the pound and all eyes turned to today’s Bank of England’s interest rate decision.

Each month members of the Bank of England (8 to be precise), vote to decide whether to hike, keep on hold or cut. This afternoon 3 members voted in favour of raising interest rates which surprised the market and GBPEUR exchange rates increased over a cent and therefore made back some of the losses from the shock UK general election decision. Looking further ahead if inflation levels continue to rise over the next 2 quarters I wouldn’t be surprised to see the Bank of England act.

Its a quiet day for economic data that will have a major impact on GBPEUR exchange rates tomorrow. It has been reported that Brexit negotiations will begin Monday morning which surprises me as Theresa May has not formed a government as of yet. Could this happen tomorrow? Once the government is formed I believe this will provide further strength for the pound and GBPEUR exchange rates will start to rise towards 1.15.

The currency company I work for has won numerous awards for exchange rates therefore it enables me to trade GBPEUR / EURGBP at rates better than other UK brokerages and high street banks.

I would recommend emailing me with a brief description of your requirements and your timescales (this is very important, the length of time you have will change your options) and I will email you with my strategy and the process of using our company drl@currencies.co.uk. Alternatively if you would like to discuss your requirements over the phone call 01494-787478 and ask to be put through to Dayle Littlejohn.

** If you are already using a brokerage and would like to know if you are receiving the best rates possible email me with the exact figures and I will reply with our live price. This will take you a few minutes and in the past I have saved clients thousands! **

Political Uncertainty weakens the Pound (Daniel Johnson)

Conservative failure to win a majority weakens Sterling

The PM  faces more negotiations with the Democratic Unionist Party (DUP) to keep her position as prime minister after losing parliament majority just days before EU exit  negotiations are set to take place. It may have been the case that Theresa May would have been better off keeping her mouth shut rather than try and improve her popularity. It was not a clever move attacking her key voters. She said she would make the elderly pay for their own care homes or home care if they have assets to the value of £100k or above.  This no doubt caused a significant swing in votes.

May’s Downing street office announced  she had spoken  with the DUP to discuss completeing a deal this week. Political uncertainty causes the currency in question to weaken and this is definitely the case in this scenario.

May stated “ We will welcome any such deal being agreed , as it will provide the stability and certainty the whole country requires as we embark on Brexit and beyond. As and when details are finalised both parties will put them forward.”

This could prove to be an opportunity for euro buyers. The UK needs to escape of this political limbo in order for the pound to strengthen. It would be wise to keep your eyes glued to developments in order to maximise your return.

Brussels seems to be prepared to make it tough at the beginning of exit talks. They have requested an exit payment before negotiations can commence. The fee named is on excess of €60bn. This does not bode well for Sterling.

If you have a currency transfer to perform  then I will be happy to speak to you directly as I will be willing to help you both with trying to time a transaction and getting you the best possible rate when you do come to trade. A small improvement in a rate can make a significant difference so for the sake of taking a few minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can contact me (Daniel Johnson) on dcj@currencies.co.uk and I will to get back to you as quickly as possible. Thank you for reading.

 

Buying Euro rates soften as markets digest news of Manchester attack (Joshua Privett)

Pound to Euro exchange rates had undergone a further softening into the lower 1.15’s amid an anxious climate in the UK following the Manchester Arena bombing last night.

Rates had previously been falling in response to underwhelming data emerging from the UK economy concerning the diminishing potential for a UK interest rate rise.

This was further compounded by comments made by Angela Merkel, the German Chancellor, yesterday who stated that the Euro was ‘too weak’ and she would like to see it gain value. These are the kind of comments which cause the short-term rally for the Euro.

However, since then, likely due to the likelihood that the situation in Manchester is contained for now, the pressure on the Pound brought out by apprehension forced by the attack abated, and, as such, GBP/EUR exchange rates were getting very close to 1.1 at the time of writing this article.

However, I would not expect this to continue. As the above suggests the underlying trend before the completely horrific attack yesterday was GBP/EUR negative. Without these being addressed it is likely the Pound will continue to remain pressured in the short-term, so Euro buyers should seriously consider their situation and the sensibility in securing an exchange rate sooner rather than later.

As such anyone with a very short-term requirement to buy Euros may be wise to contact me on 01494 787 478 and ask to be put through to Joshua to discuss a live price for your transfer and avoid being ‘last to the party’.

I have never had an issue beating the rates of exchange on offer elsewhere, so a short conversation could save you a healthy sum on your next transfer.

Anyone with a slightly longer term transfer can also contact me on jjp@currencies.co.uk to discuss a strategy for your transfer in the run up to the election aimed at maximising your currency return.

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

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

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

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

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

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

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

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

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

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

GBP/EUR sees further losses today, this time from events in the US (Joshua Privett)

Pound to Euro exchange rates have come under further pressure in the afternoon trading session today, with rates coming back down to the early 1.17’s on GBP/EUR, after a brief recovery in the morning was quashed.

Monday was where the most extreme losses on GBP/EUR could be found, with the result of the first round of the French election driving exchange rates down into the high 1.17’s after rates had touched on 6 month highs in the 1.19’s earlier last week.

The reason for the euphoria and confidence in the Euro? It seems extremely unlikely that Marine Le Pen will be the next French President. As with the Brexit when it seemed unlikely the UK would be leaving the EU the Pound was gaining in value with greater market confidence. Now that Marine Le Pen, the anti-EU candidate seems further and further away from the seat of power, we have seen similar Euro strength in this fashion.

The movement today however further in the favour of Euro sellers is largely artificial. Very poor consumer confidence figures in the US meant that due to the special relationship between the US Dollar and the Euro, the Euro gained value. Effectively investors flocked away from the US Dollar, and the Euro is the largest net to catch them in.

However, precisely because the movement is artificial, and given that GBP/EUR had been moving in a positive direction earlier that day, it’s more likely than not that a currency improvement will be seen tomorrow. Euro sellers should be considering moving sooner rather than later given the recent improvements in your favour.

If you are planning to make a currency exchange involving the Pound and the Euro, it’s well worth your time getting in contact with me on  jjp@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.

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

Will GBPEUR rise or fall on the French elections?

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

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

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

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

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

Pound to Euro rates still rising following snap election call (Joshua Privett)

The Pound has surged to a 6 month high against most major currency pairings following a strong show of support for the Pound in response to the snap election call by Theresa May.

Why such a strong showing of support? Many queries I received yesterday were in response to currency market theory. In the past a general rule of thumb around elections is that they tend to weaken the currency in question in the run up to the vote and the results. This is due to heightened uncertainty surrounding the event and the potential implications of the results. Currency investors are normally loathe to make strong bets on potentially surprising outcomes – the ramifications of the Brexit vote being a major example of where this can go wrong for investors.

Instead, this vote is occurring in exceptional times. The Conservatives are effectively looking for a mandate, and to quell calls for a Scottish Referendum, and the polls suggests they have the ability to do this – particularly why the Labour party appears to be in such disarray.

Currency markets are effectively responding well to a more solid British government heading into the Brexit negotiations, as the Eurozone will not see a dark cloud hanging over the British Parliament and use this for negotiation leverage. Furthermore, currency markets have normally favoured pro-business conservative candidates, so a few more years of continuity and unencumbered rule by conservatives should always provide some form of rally…

If you are planning to make a currency exchange involving the Pound and the Euro, it’s well worth your time getting in contact with me on  jjp@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.

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

Could the Pound hit 1.20 this month? (Tom Holian)

With the trigger of Article 50 now one week behind us the focus is now returning back to the economic data in both the UK and the Eurozone.

The Pound has seen some small gains since last week touching 1.17 on the Interbank level during today’s trading session and the Pound has been creeping up against a lot of other currencies during the course of this week.

We are now less than 3 weeks away from the French elections which are likely to cause problems for the Euro as the controversial politician Marine Le Pen looks as though she will get through the first round of voting due to take place on 23rd April.

However, although she is very likely to get through the first round the likelihood is that she will be defeated when the second and final round takes place on 7th May.

However, as we have already seen with the Brexit vote and the Trump win during 2016 there appears to be a voice for change so anything is possible when it comes to politics.

If we see a surprise win for Le Pen this could send GBPEUR rates in an upward direction very quickly but personally I would be amazed to see her win the elections next month.

In the short term the UK releases the latest set of GDP figures for the last three months when the NIESR confirms the data on Friday. I think this could be rather positive for the UK as Retail Sales released recently showed a big jump and as Retail Sales are a big part of the British economy I think this could result in some positive GDP figures.

Therefore, if you’re in the process of buying Euros with Pounds then the end of the week could potentially provide a better opportunity.

If you have a currency transfer to make and would like to save money on exchange rates compared to using your own bank then contact me directly and I look forward to hearing form you.

Tom Holian teh@currencies.co.uk

 

What will happen to GBPEUR after Article 50 is triggered?

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

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

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

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

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

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

Jonathan Watson

 

Article 50 and Pound to Euro exchange rates (Joshua Privett)

This is the final day before next week when Article 50 is enacted, and Pound to Euro rates are already coming under pressure after its gains against the Euro this week.

Sterling had initially rallied against all currencies, not just the Euro, at the beginning of the week as a result of economic data which was heavily suggestive that the UK economy would finally be gifted with an interest rate rise after years of cuts since the financial crisis. When will this happen? It is uncertain when the hike will come, but markets tend to move ahead of events, and Sterling is already two cents higher this week – but rates are beginning to backtrack.

Article 50 is next week, and whilst Theresa May has been doing her best to dispel anxiety surrounding its introduction really since January, there is still real potential for the Pound to lose ground on the day, as a nervous market who had been anticipating this event for 9 months may suddenly snap.

Pound to Euro exchange rates are already beginning to fall. The familiar Friday blues where investors sell off their less stable currency before the weekend in a bid to protect their portfolio. This seems to already be occurring, and this is more exaggerated against the Euro due to some positive business confidence data posted by the Eurozone this morning.

So what can we expect? A very difficult week next week is the likely outcome for Euro buyers. There are a record number of bets in the marketplace currently against the Pound, indication the majority of markets are not expecting a positive outcome.

Euro buyers may be wise to secure a rate of exchange now before the potentially negative impacts from the market next week.

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  jjp@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.

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

Pound to Euro exchange rates show signs of life (Joshua Privett)

Pound to Euro exchange rates have enjoyed a positive end to the week after two weeks where Friday has forced a woeful atmosphere on many Euro buyers as they enter the weekend.

For once this currency movement had little to do with the twists and turns of the political sagas of both the UK and the Eurozone. Instead one of the side-effects of the Pound’s low value, rising prices due to the high number of items the UK exports, after many months, may finally yield to a long-awaited interest rate rise in the UK.

Interest rate rises are one of the tools used by the Bank of England to control pricing in the UK. By encouraging people to save, this should stem rising prices to some degree, given that the incentive to save rather than spend is higher – so prices aren’t driven up by higher demand.

Carney said that whilst rates won’t rise right now, there is a near certainty that they will in the future. As such the Pound has bumped upwards with speculators excited for greater opportunity on their potential returns from holding Sterling.

A rate rise would put the UK’s benchmark interest rate at 0.5%, compared to the Eurozone’s which is at a paltry 0.05% – this is why Euro buyers were the main beneficiaries off the back of the news compared to other currencies.

So what next?

Frankly, there is little else to focus on this month apart from the triggering of Article 50, but markets are worried about the setting in which it is enacted. Will the Scottish Parliament formally request another Referendum as a result? This is the key question which has dogged Sterling in the Past week.

As such with forecasts heavily dependant on an evolving landscape, it is key to have contact with a broker established ahead of time to avoid missing out in these situations – whether opportunities or sudden-drops.

If you are planning to make a currency exchange involving the Pound and another foreign currency, it’s well worth your time getting in contact with me on jjp@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.

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

Pound to Euro exchange rates beginning to weaken as we journey into the weekend (Joshua Privett)

Whilst the above states the Pound is weakening, I would urge that this is a marginal movement, something which we have become accustomed to in recent weeks.

The negative trend is -0.18% as I type this, but movements on Friday’s have been prone to be detrimental to Euro buyers in the past. This is because investors seek to even out the risk in their portfolio as they head into the weekend, as a result, some of the less stable currencies tend to lose out in these situations.

Whilst markets are closed over the weekend, markets do still move in the period between 6 (when most traders leave their desks) and late evening, when North American markets are still open an trading. No-one wants to be caught out in the open as it were with the exchange rates, and, as such, stable currencies are bought up in droves. Early indications this morning, with the Dollar rising and the Pound falling, suggests this weekend may be no different.

The Pound tends to suffer the most as well, particularly given that large amounts of news are released over the weekend on the political spectrum, with commentaries from leading politicians in the UK and across the Channel over the Brexit topic governing exchange rates heavily. Euro buyers may be wise to seize current levels as they are now.

If you are planning to make a currency exchange involving the Pound and the Euro, it’s well worth your time getting in contact with me on jjp@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.

You can also call in and ask reception to speak with Joshua on 01494 787 478.

Will GBPEUR rise or fall in March?

I expect the pound to Euro rate will both rise and fall in March as we face some interesting developments in the latest political and economic situations in the UK and also Europe. The triggering of Article 50 and the French and Dutch elections will all have a significant bearing on the market where we could see the rates rising and falling according to the prevailing sentiments in the market. If you have a question or query over the markets then making sense of the next few weeks is sensible in my opinion as we seek to establish some base for the future.

The pound could well come under pressure once Article 50 has been triggered which would see the rates falling to potentially 1.2-1.13 at the extreme. The converse argument is that actually, the market is more than likely to rise once Article 50 is triggered since this will give us some certainty over the Brexit and will give us some clarity over just what is around the corner for the UK. If you have a transfer involving the pound or Euro being prepared for this big event is vital to understanding the market and being able to take advantage of any improvements.

The Euro is likely to come under real pressure from the uncertainty relating to the French and Dutch elections which take place on the 15th March (Dutch) and French elections on the 23rd April and 7th May. Most commentators expect the Euro to experience further weakness from these events even if ultimately the likelihood is that neither of the danger candidates actually win.

If you would like more information at no cost or obligation please don’t hesitate to contact me Jonathan by emailing jmw@currencies.co.uk.

Pound to Euro exchange rates see improvement as we wait for news from House of Lords (Joshua Privett)

Pound to Euro exchange rates today have been seeing marginal improvements for the second consecutive day as we wait to hear further news on the current climate of the Brexit negotiations.

The House of Lords are currently debating the feasibility of the Brexit Bill in its current state. Much of the recent improvement on the Pound on the currency markets can be directly linked to developments on this Brexit Bill over the past few months and we may see a similar movement over the next 24 hours.

The peers are currently debating the current state of the Bill and deciding whether to add amendments to it, which will then be passed back to the Commons for approval.

Whilst we are already seeing fiery language from both sides of the debate, with those looking to amend this bill with caveat’s such as mandatory Parliamentary consultation every three months labelling such actions as ‘sensible’ coming up against views from supporters that their attempts to delay the bill at ‘anti-democratic’.

Whatever your politics, markets seem to be agreeing with the former. Like any project, people are happier with expected performance if there is scheduled oversight. Currency markets seem to be taking a similar outlook, with any suggestions of Parliamentary consultation producing a very visible rally for Sterling – and has done regularly since November’s Judicial Court decision stated that Parliament had to be consulted to enact Article 50.

The rally on the Pound suggests that markets are expecting a fairly favourable result in the House of Lords, and should this come through, the ‘resistance level’ of 1.18 which Pound to Euro rates have struggled to break through since January may come under pressure if there is a surge in support for Sterling.

With this expected boost Euro sellers may be wise to move sooner rather than later to avoid being ‘caught out’ with this news, but I appreciate that your plans will likely depend on the availability of your funds and the timescales you have to work with.

If you are planning to make a currency exchange involving the Pound and the Euro, it’s well worth your time getting in contact with me on jjp@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.

I have never had an issue beating the rates of exchange on offer elsewhere, therefore a short conversation could save you a significant sum on an upcoming transfer.

If you wish to call me directly – simply call 01494 787 478 and ask the reception team to be put through to me, Joshua.

Pound to Euro exchange rates beginning to rise ahead of UK Retail sales figures (Joshua Privett)

Pound to Euro exchange rates have, despite heavy movements daily, closed most days basically where we began, with GBP/EUR still hovering around the 1.17 mark.

This morning retail sales figures for the UK will be released at 9:30, and expectations are already for positive figures which are translating into a fair rally for the Pound.

Initial retail sales figures showed an unusually sharp drop for the beginning of January, but new figures to be released this morning suggest a sharp turnaround for their fortunes.

Retail sales figures are a strong measure for consumer confidence in the UK economy and their willingness to spend, and, as such, tend to have a heavy sway on Sterling value. If the figures come in positively, in this case it should trend well for the Pound.

Without much other information out of note today, this should be the focal point of the marketplace. Positive news may even carry into the weekend where markets close. Given that 1.18 has been a ceiling that the Pound has struggled to break, opportunities today may be wise to be seen as an opportunity, and I am well places to help you seize any peaks which emerge.

If you are planning to make a currency exchange involving the Pound and the Euro, it’s well worth your time getting in contact with me on jjp@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.

I have never had an issue beating the rates of exchange on offer elsewhere, therefore a short conversation could save you a significant sum on an upcoming transfer.

If you wish to call me directly – simply call 01494 787 478 and ask the reception team to be put through to me, Joshua.

GBPEUR falls due to UK inflation (Dayle Littlejohn)

Speculation has been rising within the UK this year, that the Bank of England will be forced to raise interest rates towards the end of the 2017 due to rising inflation. Inflation has been on the rise due a weaker pound since the EU referendum vote and the bond purchasing program set out by the central bank.

Inflation numbers this morning continued to climb however not at the pace that speculators had anticipated and this led to a sell off off the pound earlier this morning. However the pound has recovered throughout the day. For your euro buys and sellers, if you had been in contact trading at the best points of the day would have generated you an extra cent.

Looking ahead the UK are awaiting the decision from the House of Lords to whether Theresa May can trigger Article50 and therefore start the process of leaving the European Union in March. My personal opinion is that this event will cause sterling weakness and GBPEUR exchange rates will fall therefore making euros more expensive to buy. On a positive note this could be the spike in the market that euro sellers are looking for.

If you reading this website for the first time as you need to convert GBPEUR, feel free to email me with the reason for the transfer (company goods, property purchase) and timescales you are working to and I will respond with my forecast and the options available to you drl@currencies.co.uk. Alternatively if you would like to discuss your requirements over the phone call 01494-787478 and ask to be put through to Dayle Littlejohn.

If you are already using a brokerage and would like to a free quote email me with the exact figures and I will reply with our live price. This will take you a few minutes and in the past I have saved clients thousands.

Common clients I help on a daily basis are Sole traders, MD or FD of a company, property buyers and sellers. If you are one of the three and are currently using the bank to transfer your currency you need to be made aware that you could be saving money!

Pound to Euro exchange rates may see minor boost before the weekend (Joshua Privett)

Yesterday on the currency markets was a fairly quiet day compared to the excitement the preceding days has brought us on buying Euro rates of exchange.

This week saw the culmination of months of debate in Parliament which saw Sterling to Euro exchange rates fly upwards and cascade downwards on numerous occasions. This debate is surrounding the ability for the Government to act unilaterally without the consent of Parliament in the Brexit negotiations.

To eventually pass the ‘Brexit bill’ the Government had to concede on a few key points involving the Leave process, namely that Parliament would get an opportunity to vote on any final Brexit deal put to the table once the negotiations finished.

Why does this trend positively for the Pound? Like any project, and the Brexit is certainly the biggest the government has ever faced, oversight to make sure that no wrong turns are made which are difficult to reverse, or if severe decisions are made, are received well by third parties looking on in negotiations. In this case third parties are financial markets.

This explain the rally for the Pound really since the latter part of January.

The final Brexit Bill was voted on yesterday, and it seems the momentum from this story is beginning to evapourate.

However, some manufacturing and industrial production figures to be released fairly shortly may provide a short-term boost for the Pound.

If you are planning to make a currency exchange involving the Pound and the Euro, it’s well worth your time getting in contact with me on jjp@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.

I have never had an issue beating the rates of exchange on offer elsewhere, therefore a short conversation could save you a significant sum on an upcoming transfer.

Buying Euro rates subject to Trump meeting with May today (Joshua Privett)

Buying Euro rates have seen a hefty improvement this week following a few long awaited pieces of news that came up trumps, excuse the pun, for Euro buyers after initially a very difficult beginning to the month.

This website has covered the movement extensively, with the Supreme Court decision holding Parliament to account, alongside continuity in UK growth being recorded for yesterday morning for the final quarter of 2016, discounting some forecasts that the UK economy would slow in the aftermath of the Brexit vote.

Today will either provide a short term boost or slump to GBP/EUR after a week of over 3 cent gains already, and the likelihood is that it will be positive, but Trump has always been the wildcard, both in politics and the financial world.

However, his propensity to overwhelmingly exaggerate how well his meetings go is becoming almost a guarantee. His interview last night on Fox news said that his speech at the CIA was ‘really a 10’ and everyone was standing and cheering the whole time. I saw the speech, he’s in a dream world.

But his positive exclamation towards a meeting with May, and any mention of a trade deal will allow for further stimulus to the Pound’s rally.

Buyers will get a better idea of the long-term trends over the weekend, and if you contact me on jjp@currencies.co.uk, I can email updated forecasts in relation to your particular situation at that time.

Furthermore, I have ever had an issue beating the rates of exchange on offer elsewhere, so it will be well worth your time contacting me for a comparative quote.

You can also call me on 01494 787 478 and ask the reception team to be put through to me (Josh).