Tag Archives: sterling euro exchange rates

Will the Pound fall lower than 1.10 over the next few days? (Tom Holian)

The Pound has remained under pressure against the Euro recently as the negative effects of Brexit appear to be gathering pace.

We are now ten years on from the credit crunch and over 10 years since the Bank of England last raised interest rates in the UK.

Trade Balance figures in the UK yesterday showed a big deficit for June and this is highlighting that the lack of investment and spending by businesses in light of the uncertainty caused by Brexit.

Manufacturing and industrial production data showed a rise but the overwhelming factor is that of Brexit which is causing problems for Sterling Euro exchange rates.

Credit ratings agency Moody’s has recently cut its outlook for consumer debt and has warned that high inflation combined with a falling in wages could cause a large exposure to the debt.

Next week on Tuesday UK inflation data is due out and I think if we see a figure lower than last month’s 2.6% then this could see GBPEUR rates fall below the support level of 1.10 going into the middle of next week.

Therefore, if you’re in the process of buying Euros then it may be worth looking at buying a forward contract which allows you to secure an exchange rate for a future date with a small deposit.

If you have a currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency.

A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Tom Holian) on teh@currencies.co.uk and I will endeavour to get back to you as soon as I can.

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

How do I get the best GBPEUR rates for my international transfer?

The pound to Euro rate will this week generally remain at the mercy of the latest news on Brexit negotiations. So far we have heard that the Brexit Bill and the discussion of rights of EU nationals were top of the list to settle. Talks have opened amicably so far and there has been no major movement on the rates just yet. These pieces of news will be come out from time to time and should be carefully monitored for clients looking to transfer large volumes of pounds or Euros internationally looking for the best rates of exchange or optimum times to trade. For example clients looking to buy or sell overseas property or businesses making payments to foreign suppliers.

With these talks scheduled to carry on over various sessions there is plenty of potential for something unexpected to come out of the talks which could catch the headlines and trigger some volatility on GBPEUR exchange rates. The pound is looking like it could easily rise higher if there is a belief a softer Brexit will be achieved, if it looks like talks a running into difficulty we could easily see the pound drop lower.

If you have a currency exchange to make then making plans in advance is always a smart way to try and avoid the volatility on the markets. We can help with the timing, planning and execution of any currency deals you will need in the future. The general impression for the pound is that we will see some unexpected swings as we learn of firmer details of the Brexit talks but these could be sudden and unexpected.

We offer a proactive service to keep our clients up to date with the market and to help try and target a better deal. Exchange rates change very quickly creating spikes which for a a few minutes may present savings of hundreds or thousands of pounds depending on how you need to do or how big the movement is.

If you wish to learn more about the market and all of your options then please do not hesitate to contact me Jonathan directly to discuss how we can offer the kind of support that really does help lead you to a position to get the best rates. Please email me Jonathan Watson on jmw@currencies.co.uk to learn more.

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.

 

Will GBPEUR rise or fall on Article 50?

We now finally have a date for Article 50 to be triggered and are expecting some big swings on the market as investors digest the outcome. The pound could possibly rise but I think in the end this will be a sterling negative event. Expectations over the outcome remain constrained to the likelihood that the market is viewing Brexit in a negative light. If the pound was to benefit so much from Article 50 being triggered why has it lost between 10 and 15% of its strength the vote last June?

The counter of course to this argument is that much of the weakness is priced in and we will actually see some movement higher as a relief rally. My greater concern for sterling, however, is the new set of questions we will be faced with once the Article 50 is invoked. What kind of deal will the UK get and how much is the Brexit bill will all weigh on the pound and makes anticipating the next moves tricky as the market tries to digest just what is happening and how it feels.

Overall I do believe the pound is likely to struggle and any Euro weakness we see as a result of the French election will ultimately be neutralised by a weaker pound in this period. We are gearing up for a very volatile period and with the 29th March now set as a date for the triggering of Article 50, all eyes will be on the pound and what may happen.

If you have a transfer to consider involving buying or selling the pound it is well worth making some plans in advance to navigate the uncertainty. We are here to help with proactive assistance to help you achieve your desired higher exchange rate. For more information at no cost or obligation please speak to me Jonathan by emailing jmw@currencies.co.uk.

GBP EUR Crashes After Scottish Nationalist Party Seeks Another Referendum on Independence (James Lovick)

After an excellent day for the pound yesterday following events in the House of Commons sterling has fallen sharply this morning. The pound had been supported in anticipation that the Brexit bill would go through without amendment which would allow UK Prime Minister Theresa May to stick with her Brexit timetable and invoke Article 50 by the end of March.

However the announcement yesterday from Scottish Nationalist Party Nicola Sturgeon that she will now formally request a second referendum on independence for Scotland at this crucial time with regards Brexit has taken the shine off sterling. This week really couldn’t see more happening in terms of both the political and economic developments.
Those clients either buying or selling Euros would be wise to get in touch as the news is changing by the hour which is also having a direct bearing on the rates of exchange. There are currently some excellent trading prices becoming available for those clients needing to sell Euros.

GBP EUR has fallen below 1.14 this morning with rates down over 0.5%. Tomorrow sees the Dutch elections and depending on how well Geert Wilders far right party performs will determine the direction of the Euro going forward into these coming months. There is likely to be intense volatility following the release and if he does well or even manage to form a government then my view is that the Euro would likely weaken. The real focus from all of this is what happens in the French elections and how much support is out there for Marine Le Pen.

Thursday is also of paramount importance with the Bank of England meeting where interest rates will be discussed. With inflation rising the pound if anything is likely to see a small boost from any comments from Mark Carney although gains are likely to be limited considering interest rates are unlikely to be going up any time soon!

If you would like further information on sterling 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

Will February be a positive month for the Pound? (Joseph Wright)

The Pound has begun the day positively which could be an indication of how today will unfold, as there is a busy day on the cards for Sterling exchange rates.

Many have coined today ‘Super Thursday’ due to the volume of economic updates which could create volatility between GBP exchange rates. Although no interest rate change is expected the official outcome of the Bank of England’s voting members decision will be announced at 12.00 along with an update on the BoE’s current Quantitative Easing program.

Perhaps the most price sensitive time of the day will be at 12.30 this afternoon when Mark Carney, the governor of the Bank of England will be giving a speech.

Sentiment surrounding the Pound is positive at the moment as the UK economy continues to impress. Last week GDP figures released showed that the UK is the fastest growing economy within the G7 set of countries and the inauguration of Donald Trump has also boosted sentiment surrounding the UK economy and therefore, the Pound’s value.

If you wish to be kept up to date with the Pound’s price movements and potential key news that could move the markets, feel free to get in touch.

If you are planning to make a currency exchange involving the Pound and the Euro, it’s well worth your time getting in contact with me on jxw@currencies.co.uk in order to ensure you make a well informed decision on when to make that particular transfer, as well as benefiting from highly competitive exchange rates from one of the UK’s leading foreign currency brokerages. Just provide me with a basic outline of your currency requirement and I will be back in touch with you as soon as possible.

GBP EUR Gains after Stronger Manufacturing Outlook (James Lovick)

Happy New Year! 2017 looks firmly set to be the year of politics both in the UK and Eurozone with the European elections this year. It will inevitably mean another rollercoaster for sterling Euro exchange rates.

The pound received a good boost as we started the New Year with UK Purchasing Managers Index (PMI)numbers for the manufacturing sector. PMI for December climbed to 56.1, the highest reading since June 2014 whilst touching a 2 ½ year high blowing away those Brexit blues and seeing some renewed confidence in the price of the pound.

Anyone with a Euro currency requirement either buying or selling Euros must be aware of the Supreme Court ruling which is expected in the next week or two. The outcome which could go either way as it will be decided by the judges will create new direction for the pound and the implications should not be underestimated. Even if Theresa May loses the appeal then l wouldn’t expect major sterling strength as Brexit is still destined to happen. It could also open up the prospect of a UK general election which would in my view be very damaging for the pound. If Theresa May wins the appeal then the pound is likely to fall quickly and lose most of the gains it has made over these last two months.

Those clients looking to buy Euros may be wise to consider taking advantage of the improved rates seen over the last couple of months as there is a huge amount of uncertainty for the pound as we now fast approach March when Article 50 is invoked which will give notice of Britain’s intent to leave the European Union.

If you would like further information on the pound or the Euro 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

How long until GBPEUR hits 1.20?

There s now growing speculation GBPEUR could hit 1.20 in the coming weeks as investors brace themselves for the Italian Referendum next month. That is likely to be a period of uncertainty for the Euro with also fresh economic worries as the European Central Bank (ECB) debates whether or not to look at further QE (Quantitative Easing). If you are looking to get the latest news on the rates and make sure you are up to date then this blog is perfect for an outline of the latest news that could affect your exchange rate.

Sentiments are now leaning towards Euro weakness as investors fears over the single currency come back into the firing line. Clients looking to buy or sell Euros for pounds should be watching this market very closely as the next stages of the trend will undoubtedly establish themselves very soon. This will present some better opportunities to buy Euros at a higher rate and personally I would not be surprised to see 1.20 by Christmas if not before.

If you are buying or selling Euros for pounds then understanding the market and all of your options is key to getting the best deal. For clients who are not quite ready to buy but require a higher or better level we can offer a range of contract options including the Limit or Stop Loss orders to help trade at a better price. There is also the forward contract option which allows you to fix an exchange rate for up to 18 months in advance.

For more information at no cost or obligation please contact me Jonathan directly by emailing jmw@currencies.co.uk or please call 01494 787 478.

Sterling at 168 year low!

The pound has fallen further against the Euro as expectations over the outcome of the Brexit are realised and markets do not like what they see! If you are looking to buy or sell the pound against the Euro making some plans in advance is key to understanding what lies ahead, most clients looking to buy Euros should really be looking to buy sooner as the expectation is for further weakness on the pound.

Supermarkets are now poised to struggle as Tesco reports it is no longer stocking certain items as the value of the pound plummets so fast suppliers costs rise. This is the result of a weak pound and is likely to continue further in the coming weeks as investors brace themselves for a tough few weeks. The complexities and costs of Brexit are significant, the challenges ahead are huge and will not be quickly solved.

If you wish to get a detailed analysis of the market and all of your options please speak to me Jonathan by emailing jmw@currencies.co.uk. I work as Chief Analyst and Associate Director for the UK’s largest privately owned currency brokerage and am very well placed to provide the guidance and support you will need to get the best rates.

Expectations for the pound to lose further value are high, the Euro is performing quite well owing to an improved economy. The big news on this pair aside from Brexit could be next week’s important Eurozone data. If you have a transfer to make and wish for some information and advice please speak to me on the email above.

Best time to sell Euros into Sterling in 3 years owing to Article 50 issues (Tom Holian)

Sterling Euro exchange rates have once again started the week negatively as rumours are increasing that the UK could be getting ready to trigger Article 50 by early next year.

Foreign Minister Boris Johnson has been rather outspoken recently and he has strongly hinted that the UK could start the negotiations by early 2017. This has caused confidence in Sterling Euro exchange rates to really fall which is good news for anyone looking to sell Euros to buy Sterling.

According to a survey published by the Confederation of British Industry optimism within the UK financial sector has also fallen for the third consecutive quarter and this is also weighing heavily on Sterling exchange rates.

The impact on Sterling Euro exchange rates caused by the Brexit vote back in June was huge and the uncertainty surrounding when Article 50 may be triggered is also causing problems for Sterling against the single currency.

Indeed, only 3 weeks ago Sterling Euro rates were challenging 1.20 but since then they have moved in a negative direction.

On Friday the UK announces UK GDP data for the second quarter and as this will include the run up to the vote to leave the European Union this is also likely to move the currency markets. The current expectation is for 0.6% so any announcement of this coming out lower than expected could cause the Pound to weaken and we could even see Sterling Euro rates hit their lowest level to buy Euros since 2011.

If you are in the process of looking at buying a house in Europe and are worrying about the recent trend for the Pound you may wish to consider buying a forward contract which allows you to secure an exchange rates for the future without having full availability of the funds at the moment.

Alternatively it may be worth looking at a Stop Loss Order which means if the market drops to that level you have guaranteed that you will get an exchange rate no lower than the one you specified

If you are thinking of taking advantage of these levels to sell Euros and want to compare exchange rates then contact me directly for a free quote by either calling me directly on 01494787478 or emailing me Tom Holian teh@currrencies.co.uk Having worked in the currency markets since 2003 I am confident that I can make the process simple and stress free for you.

 

 

The UK economy is performing better than expected since the ‘Brexit’ vote, with GBP/EUR likely to continue recovery (Joseph Wright)

Sterling exchange rates have posted another positive day across the board, with GBP/EUR now comfortably trading above 1.17 at the inter-bank level and with the day’s high hitting 1.17675.

After posting some better than expected Retail and Manufacturing figures recently, the post-brexit vote UK has once again demonstrated that it’s holding up better than expected as overnight the CBI’s most recent Service Sector Survey revealed that the volume of business is little unchanged over the quarter, and this isn’t expected to change anytime soon.

Employment numbers have also remained robust, and it’s also been noted that oversea’s investment in the UK is at record numbers.

These are all positive signs for the Pound moving forward, as a healthy economy is likely to result in a higher Pound. Whilst the Pound may continue to rise as it has been over the past week, Sterling sellers should also keep a close out out for a further interest rate cut which would likely wipe out the recent gains for the Pound (up from the 1.14’s and now in the 1.17’s).

Euro sellers on the other hand are looking at close to 3 year highs when it comes to value of the Euro. Anyone who plans to convert their Euros into Pounds and would like to discuss timings can feel free to get in touch with me on the details below. A number of our clients have benefited not just from our exchange rates (up to 3% more competitive when compared the high street banks) but also from our proactive approach, so it’s worth getting in touch for a quick discussion as it’s free to become a client.

 If you are planning to use GBP to buy a foreign currency, it’s worth your time getting in contact with me on jxw@currencies.co.uk in order to ensure you make a well informed decision on when to make that particular transfer, as well as benefiting from highly competitive exchange rates from one of the UK’s leading foreign currency brokerages. Just provide me with a basic outline of your currency requirement and I will be back in touch with you as soon as possible.

More losses for Sterling expected against the Euro (Tom Holian)

The Bank of England’s decision on Thursday to cut interest rates from 0.5% to 0.25% has caused huge losses for Sterling vs the Euro.

The interest rate cut combined with additional stimulus in the form of Quantitative Easing has caused Sterling exchange rates to plummet against all major currencies.

This is good news for anyone looking to sell Euros to buy Sterling.

Next week on Tuesday we could see even further losses for Sterling as the UK announces both industrial and manufacturing data.

Since the Brexit vote there has been a clear lack of foreign investment in the British economy owing to the uncertainty and Tuesday’s figures are likely to reflect this and this could be damaging for Sterling.

Also released on Tuesday is the NIESR’s estimate for UK GDP for the last 3 months.

They are usually very accurate and this will include the Brexit period and again this is likely to have a negative impact on the value of Pound Sterling.

We end the week with Eurozone GDP on Friday and I expect this to show a positive figure leading to further Euro strength vs the Pound.

Therefore, if you need to buy Euros it may be worth doing this early next week.

Alternatively, if selling Euros possibly waiting to see what happens later in the 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

I look forward to hearing from you.

 

 

GBPEUR exchange rates slide!

The pound rose to almost 1.20 this morning before sliding right back down to 1.1767 as investors panic sold the pound on the back of the bad of the bad news from the Bank of England. GBPEUR rates have traded within a range of 1.18-1.19 in the last couple of days and it appears the rate will now fall further. The Bank of England has suggested it will cut interest rates again if needed and also look at expanding the QE program. If you have a transfer to consider then making plans in advance in this market is very sensible to avoid further disappointment. If you need to buy Euros it does appear the future is going to see the pound fall further which will make it more expensive to buy Euros.

The majority expectation is that we will see the BoE cut interest rates to a lower 0% which could easily see the value of the pound fall further. If you need to sell Euros for pounds then trying to maximise your position is probably the goal, we can help with all the information and tools necessary to make an informed decision about when to conduct your currency exchanges. We are looking to provide clients with as much information as possible to make an informed decision about your currency requirements and what to expect.

For more information about the GBPEUR rate and how to maximise any currency exchanges that you will need to consider please get in touch with me Jonathan on jmw@currencies.co.uk

Will the Bank of England cut interest rates this Thursday? (Tom Holian)

Sterling Euro exchange rates have had a mixed week so far as rumours are that the Bank of England are gearing up for an interest rate cut on Thursday.

Last month the Monetary Policy Committee voted in favour of keeping interest rates on hold at 8-1.

However, the main reason why the vote was unanimous was owing to the fact that new Prime Minister Theresa May was announced just 24 hours prior to the vote.

At the time Sterling Euro exchange rates were in the midst of a tailspin and with May coming in this helped to stabilize the Pound vs the Euro.

However, economic data that has been published since the Brexit has been generally rather concerning.

Indeed, UK consumer confidence has hit its lowest level since 1990 and a recent survey produced by the Confederation of British Industry has put business outlook levels at their lowest since 2012.

Generally speaking the outlook for Sterling is rather negative at the moment and if the BoE does cut interest rates, increase Quantitative Easing or even a combination of both this could cause the Pound to plummet rather quickly against the single currency.

If the central bank keep things as the status quo then this could help the Pound but personally I think we’ll see some form of intervention and this is likely to cause Sterling to fall vs the Euro based on historical events.

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.

 

 

European Banking Stress Tests to cause volatility for Sterling Euro exchange rates (Tom Holian)

Sterling Euro exchange rates have been trading in a rather large range during today’s trading session in anticipation of tonight’s European Banking stress tests due to be published at 9pm this evening.

The tests will involve 51 European banks with a minimum of €30bn worth of assets and the chances are that we’ll see some of the banks potentially fail the test conditions.

Most at risk of failure are some of the Italian banks and with their current debt levels as much as €550bn with almost half of that due to French banks we could see some Euro weakness if the results are negative.

Across Europe today generally speaking the banks involved have all seen their share price go in an upwards direction but could this be due to speculation or because the tests could show all the banks involved come out better than expected.

The likelihood to me is that we’ll see some of the banks in the Eurozone fail and owing to the fact that the data is not released until 9pm this evening which is suspiciously outside trading hours I think the market could react very quickly on Monday morning as I think the results could cause a lot of volatility.

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.

 

 

UK GDP data to set the tone for Sterling Euro exchange rates (Tom Holian)

Sterling Euro exchange rates have remained relatively stable during today’s trading session as the currency markets wait for a key piece of economic data in the form of UK GDP data for the second quarter due out on Wednesday morning.

As this release will include the run up to and the subsequent Brexit vote this could be a real catalyst for change and if the data comes out low then we could see some very rapid losses for Sterling vs the Euro.

Clearly foreign investment over the last few weeks has been relatively low as it would have been difficult investing in the UK with the uncertainty of the EU referendum.

According to the latest Purchasing Manager’s Index the UK’s economic activity is now at its lowest level since 2009 with the figure published of 47.7 with anything below 50 representing contraction.

Later this week on Friday the European Banking Authority will look at a total of 51 banks across Europe including British banks and the likelihood is that we’ll see some concerns arising from the Italian banking sector which has come under pressure since the start of 2016.

The announcement of the stress tests will take place at 9pm UK time on Friday night and as the report is released outside of usual business hours I think this time has been chosen purposely  in order to reduce market volatility.

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 Sterling fall against the Euro? (Tom Holian)

Sterling Euro exchange rates have once again come under enormous pressure following the release of the UK’s latest Purchasing Manager’s Index which measures economic activity.

The data showed the lowest level since April 2009 and clearly this has been caused by the impact of the Brexit period.

British business has stalled and adopted a wait and see attitude during this time and this can be attributed to the fall in this data. This caused Sterling to fall by as much as 1% against the single currency during Friday’s trading session.

On Wednesday the UK announces UK GDP data for the second quarter. As this data will also include that from the Brexit I think we could see some real problems for the release and this could see Sterling exchange rates fall if the data comes out worryingly low.

Indeed, one source has even suggested that we could see a contraction in growth by 0.4% possibly sending us towards a recession.

When this happened previously Sterling took a big fall against the Euro so Wednesday’s data could be a real pivotal point for Sterling Euro exchange rates in the short to medium term.

However, although the UK economy is under pressure and therefore Sterling exchange rates have also struggled we could see some huge volatility towards the end of next week.

The European banking stress tests are due on Friday night and are set to be released suspiciously at 9pm outside of business hours.

Typically the reason why a news release is announced over the weekend is that it could cause too much volatility for the markets and I think this will cause some big movements on the currency markets.

The test includes 51 of the largest European banks by assets including British banks but since the credit crunch British banks have all had their capital requirements increased. Therefore, the focus is likely to be on the Italian banking sector which is coming under severe pressure during 2016.

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.

 

 

 

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

 

 

Remain looks set to win and how will Sterling Euro rates perform? (Tom Holian)

Sterling Euro exchange rates have been trading within a range between 1.29 and 1.31 during today’s trading session as we are now just hours away from one of the biggest events in UK economic history.

The likelihood owing to the latest set of odds from the bookies are showing the Remain camp with a clear lead and this is likely to result in some gains for Sterling tomorrow if this outcome is true.

Clearly there is a big appetite for a Leave vote but it appears as though there will only be one winner.

The impact this may have on Sterling Euro exchange rates is that if the vote is close when the results are released tomorrow morning then this could cause some wobbles for the Pound as it shows that there will be a lot of unhappy voters.

If you’re looking to take advantage of any of these spikes in exchange rates then contact me directly on 01494-787478.

Having worked in the industry since 2003 I am confident of helping you save money when buying or selling Euros.

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