Tag Archives: UK’s best exchange rates

GBP/EUR hits a 10-week high, but will the Pound manage to hold on to its recent gains? (Joseph Wright)

The Pound has risen quite dramatically against the Euro in recent weeks, with the pair hitting 1.14 both yesterday as well as this morning which is a 10-week high point for the pair.

Brexit uncertainty appears to have taken a back seat for now, which has seen GBP/EUR rise over 6 cents in recent weeks making the exchanging of Pounds into Euros a more attractive proposition.

The Pounds gains have been aided by a weakening Euro which has mostly been caused by the German election which took place over the past weekend. Although Angela Merkel’s Christian Democratic Union (CDU) party won for a forth consecutive term as expected, the talking point of the election is the rise of the far-right Alternative for Germany (AfD) party as they were the third best performing party.

This has softened the Euro and with the unofficial Catalan election in Spain also just around the corner and threatening to cause tensions in the region I think there’s a chance we could see the Pound continue to climb.

On Friday there will be the release of UK GDP data which could provide the Pound with a boost if the figure released is better than expected. The release comes out at 9.30am and the expectation is for 1.7% year on year and 0.3% for the 2nd quarter of this year.

If you have a large 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 (Joseph Wright) on jxw@currencies.co.uk and I will endeavour to get back to you as soon as I can.

Where next for the GBPEUR exchange rate?

When looking for indications as to the future direction of GBPEUR exchange rates it can be helpful to consult the information of a currency specialist who can highlight the important trends and themes that will move the market. A 1 cent improvement selling €100,000 at current levels would result in a £800 saving! We offer assistance to clients looking to increase the value of their currency exchange by offering information on the market to help them time and execute their transfer for maximium effect.

If you are looking to buy or sell Euros for pounds then the last month has see a fairly choppy range developing in a tight band of 2 cents. Whilst we haven’t broken free of the 1.1260 to 1.1470 range, the movement within these parameters has been rather unpredictable with the market jumping back and forth according to speculation on various factors.

One key point to be noting is the prospect of a UK interest rate hike or the European Central Bank (ECB) considering to withdraw their economic stimulus. These two factors are example of two highly unpredictable factors which could see the pound rising or falling against the Euro rather suddenly.

With tremendous pressure on sterling and there appearing to be no easy way out of the current situation for the pound and the UK, GBPEUR seems like it could easily spend much of the coming weeks and months in a 1.10-1.15 range. It is very difficult to see what would lead to sterling rise dramatically but there could be surprises.

If you need to make a transfer of more than £10,000 worth buying or selling Euros then understanding the best steps forward in advance will give you the greatest chance of securing the best rate. For more information at no cost or obligation please speak to me Jonathan Watson by emailing jmw@currencies.co.uk or please call 01494 787 478.

Thank you for reading and I look forward to hearing from you.



Sterling to Euro rate continues to trade towards the lower end of its current range, will this trend continue? (Joseph Wright)

The Pound is continuing to come under pressure as we get closer to the election, especially as a number of prominent opinion polls this week have shown that the lead the Conservatives had is diminishing with some suggesting that they may not win a majority of seats required.

If the option polls are correct we could be looking at another Hung Parliament in the UK which I believe would push the Pound lower and probably back towards the 1.10 mark.

The current trend for the GBPEUR pair is between 1.1350 up to 1.1950 although a couple of times towards the back end of last year the rate did touch 1.10 twice before seeing support.

A steep drop for Sterling is in my opinion likely if a Hung Parliament is announced, and I don’t think that the current UK Prime Minister has done herself many favours this week by not attending the debates between the political rivals in the race for number 10.

If you would like to be kept up to date with the latest market updates do feel free to register your interest with me and I’ll be happy to keep you updated.

If you have a large 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 (Joseph Wright) on jxw@currencies.co.uk and I will endeavour to get back to you as soon as I can.

Will GBPEUR rates rise to 1.20?

It is now looking much less likely but remains a distinct possibility. The overall expectation for the market is that we may possibly see a higher pound but there does definitely remain a risk the pound will slip from the recent highs as the Euro is stronger and might strengthen further as we get the result from the French election. It is now apparent just how much the French election was priced into the value of the Euro as we got Sunday’s results. The market now appears to believe that Macron will win but there is always the chance of a surprise.

On balance, if I was buying Euros I would be looking to move sooner than later ahead of the results from the French election. The expectation for the market is that we will see the Euro gain against a weaker pound. June sees the UK election which is more than likely to contribute to a weaker pound, the overall impression is that Theresa May will win but that doesn’t mean sterling wouldn’t suffer as we get closer to the result. The market will have to debate the likelihood of that victory against the strength of any majority, in recent years the polls have been very wrong!

The pound has recently struggled to break the 1.20 barrier and has also failed to rise above this level at every attempt since the June Referendum. The likelihood of 1.20 is now obviously higher than a few months ago but a challenge above this level will not be easily completed. It will take a big chance of sentiment so if you have a transfer to make buying Euros taking stock of current levels is I believe very sensible.

If you have a transfer to make buying or selling the Euro or pound then the next few weeks will be key! For more information to help with the planning and execution of any currency exchanges please don’t hesitate to contact me, Jonathan Watson, directly on jmw@currencies.co.uk.

Will GBPEUR hit 1.20 this week?

The pound to Euro rate is looking very attractive at the moment from a Euro buyers perspective as we get closer to understanding further just what Brexit negotiations the UK are aiming for. The Euro is weaker as investors are concerned over just what lies around the corner politically and fresh Greek debt concerns raise their head. Today is some very important UK economic data which could well help trigger some further improvements for the pound against the Euro.

If you are looking at the market this week there is lots of UK economic data which could move the market including the release of the latest UK Inflation data. The rate of Inflation is rising which is weighing on the Bank of England to perhaps consider raising interest rates in the future. As Inflation rises the common tool to combat higher Inflation is raising interest rates. Will the rising Inflation lead to fears over a decline in UK living standards or will a rise lead to investors placing bets the UK could raise interest rates sooner than previously hoped?

After this data at 09.30 we then have Eurozone data on GDP at 10.00am. All in all I think the Euro is going to err on the weaker side which will continue to present better opportunities for Euro buyers but of course there is the danger of the pound slipping with so much uncertainty over the Brexit looming. If you have a transfer to consider buying pounds or euros in the coming weeks then I would be looking very closely at what is happening politically in both the UK and Eurozone.

I am very confident I can help you with any currency transfers you will need to make by saving you money over other companies plus providing some useful information as to what might happen. For more information at no cost or obligation please speak to me Jonathan Watson by emailing jmw@currencies.co.uk

GBP/EUR exchange rate now approaching 1.17, but will new Brexit fears weaken the Pound? (Joseph Wright)

Yesterday morning the Supreme Court delivered its verdict on whether or not the UK government require parliamentary approval before invoking Article 50, creating some large swings between the GBP/EUR exchange rate.

The Supreme Court decided to uphold the High Court’s decision, meaning that Theresa May will need to consult parliament before formally beginning the Brexit process. Many had expected this outcome to result in Sterling strength and initially the Pound did spike upward, but further complications soon weighed on the Pound causing it to drop.

Moving forward the Pound could continue to come under pressure as one of the key announcements yesterday was that the UK government does not need the permission of the UK’s devolved nations before invoking Article 50. Scottish First Minister, Nicola Sturgeon was quick to raise this point and suggested the need for another Scottish Independence referendum.

Sterling came under significant pressure during the last referendum on Scottish independence, and should the matter surface once again it’s likely we can expect to see the Pound soften in value due to further uncertainty on the horizon.

Outside of Brexit related news tomorrow morning could be eventful for Sterling exchange rates as UK GDP figures will be released at 9.30 am tomorrow morning, and the expectation is for a 0.5% through the 4th quarter of 2016.

If you are planning to make a currency exchange involving the Pound and another foreign currency, it’s well be worth your time getting in contact with me on jxw@currencies.co.uk in order to ensure you make a well informed decision on when to make that particular transfer, as well as 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.


GBPEUR may rise towards the end of this week!

The pound to euro exchange rate could experience volatility towards the end of this week following a key piece of economic news from the United States. The US will vote on whether or not to raise their interest rate this week Wednesday and it is widely expected they will vote to hike rates by 0.25%. If you are looking to make GBPEUR exchange this news will have an impact on your exchange rate and the currency markets.

The US dollar is the worlds most traded currency and as such has very strong relationships with each currency. Simply put movements on the US dollar have bearing on all currencies. Therefore with the big decision on Wednesday night we could see the pound and the Euro reacting individually to the US dollar which will influence their own relationship.

The outcome of tomorrow’s decision will in my opinion weaken the Euro since the pound has generally been holding up against the US dollar. Therefore as the US dollar strengthens (assuming the Fed do raise rates) then the Euro should weaken which will present some better opportunities to buy the Euro with the pound.

This morning at 09.30 am is the latest UK Inflation data which will of course effect the pound, then tomorrow is the latest UK Unemployment data. Retail Sales for the UK is released Thursday when of course we will also have the latest news from the US Interest rate decision. Another factor in all of this will be the Inflation Eurozone data released Thursday, all in all this is a busy week for the GBPEUR rate.

I expect the GBPEUR rate to be higher towards the end of the week, if you have any transfers to consider please speak to me about how to go about forming a strategy to help you capitalise on any improvements. Please either email jmw@currencies.co.uk or call 01494 787 478. I would be very interested to speak with you and offer assistance with your plans.

Will GBPEUR hit 1.20?

GBPEUR exchange rates are lifted as it looks less and less likely the UK will opt for a hard brexit and markets gain confidence of some form of either transitional deal or permanent access to the Single Market. Expectations are high and with uncertainty over the Italian Referendum priced in too, GBPEUR could be at a real risk of snapping back if events don’t turn out the way we now expect.

The higher points on GBPEUR could easily see the market touch over 1.20 in the coming weeks should markets not like the result of the Italian Referendum and if the ECB does more QE than expected. The European Central Bank is expected to look at further QE (Quantitative Easing) at their December meeting. Any of these issues could lead to the euro weakening but I do feel much of this uncertainty is already priced into current Euro rates.

I expect a range of 1.13-1.20 for the month of December so if you have a transfer to make involving the GBPEUR rates, this should be your benchmark. As I say I feel the risk is very much to the downside on GBPEUR with good news for the UK and bad news in the Eurozone priced in at current levels hence the recent movements from 1.09-1.11 in October to 1.16-1.18 for November.

If you are planning a GBPEUR transfer in December or 2017 the raters on offer for Euro buyers are extremely favourable at present. For more information at no cost or obligation please contact me Jonathan by emailing jmw@currencies.co.uk or calling 01494 787 478.

What will happen to the GBPEUR rate next?

Today we learn of key information on the GBPEUR rate with two important speeches from Mario Draghi and Mark Carney. The outlook on GBPEUR remains fairly subdued for Euro buyers with I believe a strong prospect of further sterling weakness. The speeches today will help to provide some clarity on just what we can expect, personally I would not be expecting too much good news if I was buying Euros with pounds although there is some more data later this week which might help you if you are buying Euros with pounds.

The rate has fallen from its lofty heights of almost 1.20 6 weeks ago as investors learn of the UK’s apparent approach to the Brexit negotiations. Most commentators suggest Theresa May will be opting for more of a hard Brexit since trying to control the UK borders is incompatible with access to the single market. Just what kind of deal lies ahead we cannot tell for sure but it seems that it will not be one that is beneficial to sterling in the short term.

This Thursday is the latest UK GDP (Gross Domestic Product) data for the UK where we will earn of the latest news for the UK economy for Q3. This release is the latest release and the most up to date snapshot for the UK economy in this period. Expectations are for a slight decline in the rate of growth but hopefully no contraction. Whilst some areas of the economy struggled others performed well but overall it would appear activity will have been lower.

Despite the figures coming in lower the fact that they will still show the UK economy grew will I believe provide a temporary lift in the pound which could be supportive for anyone buying Euros with pounds. If you need to buy or sell the pound and the Euro I am your personal account manager here to help with any transfers you will need. For more information on the future direction of the rates and the planning and management of your deal please contact me Jonathan directly on jmw@currencies.co.uk

Will GBPEUR easily hit 1.10 now?

The GBPEUR rate could now easily hit the 1.10 level if we see some of the key data for the pound slip as many are predicting. The pound has maintained a level of buoyancy against the euro with some much better than expected economic data. However many of the business surveys are pointing to big falls in consumer and business confidence. What is going on? The mixed picture is likely to continue but with the market looking ahead sterling has fallen.

Key data this month will be the latest GDP and Unemployment data which will be released next week and towards the end of the month. I am predicting the data might not be as bad predicted but unless it is really showing the UK economy is doing very well we might find the Bank of England looks to consider an interest rate cut. This is a big worry on financial markets since as we get closer and closer to the decision the outside chance of a rate cut will weigh on the pound even if we aren’t actually looking at one. The market will take into account all possible considerations! This is where we might see a move towards 1.10.

If you are looking to buy or sell the Euros in the coming months then making some plans in advance is key to fully understanding and managing your risk. Most analysts suggest the GBPEUR rate will slide further and clients buying and selling the pound need to prepare themselves for further volatility.

For more information on what lies ahead and how to best prepare yourself foe all eventualities please contact me Jonathan on jmw@currencies.co.uk

What next for GBPEUR exchange rates?

The outlook on GBPEUR is as complicated as ever with no real progress on Brexit and no sign of a quick resolution. Political uncertainty is a huge driver on exchange rates, the current market is very much geared towards uncertainty with sterling showing little signs of improving. This week there are some data releases which could move the market, Notably today was a speech by Mario Draghi where he talked about the UK’s access to the single market, essentially he reiterated the fact the UK had to respect all four freedoms, that is the free movement of capital, services, goods and labour. That means there can be no special deal for the UK that would see it secure access to the single market whilst allowing controls on immigration.

This point plus the noise from Boris Johnson that perhaps the UK would invoke Article 50 early in the New Year has all pointed to a strong likelihood that the UK will be forced into a ‘hard Brexit’. This means there would be a quick break and the UK would literally go it alone into the world and trade. There is much pressure on the Prime Minister Theresa May to do something from the more Brexit minded politicians. Expectations and pressure is mounting, the lack of action and lack of clarity over what is happening will not last forever!

If you have a transfer GBPEUR is at a critical juncture. Now is not a time to be complacent, some of the major banks predict GBPEUR could fall to 1.08, earlier in the year HSBC was predicting parity! If you need a transfer please email me Jonathan Watson on jmw@currencies.co.uk

Sterling climbs on positive Inflation data (Joseph Wright)

There has been a change to the current down of Sterling weakness today, as some better than expected Inflation data has boosted the Pound vs the Euro as well as against most other major currencies as well.

The data showed that over the past year  CPI (Consumer Price Index) Figures have increased by 0.6% up from 0.5% the previous year. This is a good sign that many weren’t expecting as it demonstrates that the overall cost of living is increasing which is a positive sign for an economy, which is why I’d imagine that Pound strengthened today.

Good news for the Pound was long overdue as the currency has been declining on almost a daily basis as of late. The implementation of an additional £80bn worth of Quantitative Easing, starting from the 4th of August has been the catalyst for this weakness, and from a personal standpoint I am struggling to remain optimistic regarding the Pound moving forward.

I think that should economic data out of the UK disappoint now that it’s in it’s post-brexit environment, investors will be more sensitive than usual to this news, and therefore we could see further sharp sell-off’s for the Pound should the data disappoint.

If you are planning to use GBP to buy a foreign currency it may well be worth your time getting in contact with me on jxw@currencies.co.uk  in order to ensure you make a well informed decision on when to make that particular transfer, as well as 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 continues it’s slump despite the release of some upbeat data, will this trend continue? (Joseph Wright)

Those with an upcoming currency requirement involving the Pound and Euro should take note of the Pounds current trend vs the US Dollar for an indication of how Sterling is performing in the current climate.

Cable is worth discussing because the Pound has fallen for 5 consecutive days vs the US Dollar which for me indicates the negativity and bearishness surrounding the Pound, and this is despite some upbeat economic news releases yesterday whereby we discovered that Total Sales increased by 1.9% in July (according to the British Retail Consortium and KPMG) and this was the best figure in 6 months.

The fact that Sterling exchange rates have been dropping since the Bank of England’s latest raft of financial stimulus packages coupled with the Interest Rate cut down to 0.25% indicates to me that the Pound is under pressure, as positive economic news releases are having little to no positive effect on Sterling’s value.

Another notable release during yesterday’s trading session was the National Institute of Economic and Social Research’s latest GDP estimate. The figure has dropped to 0.3%, down from 0.6% which was the previous figure so the indications up to this post are reduced economic activity out of the UK in it’s new post-brexit environment.

I’m expecting this negativity to continue to weigh on Sterling’s value as the year progresses, and whilst the central level is currently just below 1.17, I wouldn’t be surprised to see the Pound fall below it’s current 52 week low before the year ends.

If you would like to discuss your upcoming currency requirement it may well be worth your time getting in contact with me (Joe) 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.

GBPEUR rate forecast, will the pound fall further?

The pound could well fall much further in the coming weeks and month as the Bank of England decides to vote on Quantitative Easing and an Interest rate cut. Essentially an interest rate cut is the lowering of the central bank interest rate which governs the rates banks can borrow money at. The Bank of England rate is currently 0.5% and the prospect of a cut to 0.25% could easily see sterling fall. The other factor to consider is the Quantitative Easing program by the Bank of England which involves printing money or increasing the money supply as the Bank of England make available more funds to banks. This is done to encourage banks to lend more to business to try and stimulate the economy. Essentially the outcome of the measures described above interest rate cuts and QE is to weaken the currency concerned.

The pound has been very weak in the last few weeks as investors worry over the outcome of the Brexit on the UK economy. Investors are fearful the Bank of England will do one of the measures above or both and this could weigh on sterling. Only 2 weeks ago economists were predicting an 80% chance of some form of interest rate cut but none materialised. In the end the pound rose but with so much uncertainty around can we really take a chance?

Other factors that could help the rate go higher would be the prospect of Euro weakness following any deterioration in the state of the Italian banking crisis or further worries over Greece paying back outstanding loans. I expect GBPEUR to trade between 1.15-1.23 for August with there being a real prospect of a new bottom at 1.12 or a new high at 1.25. In short there is lots of potential still for exchange rates to move well outside of the current ranges which could create problems for clients buying and selling Euros. If you have a transfer to consider and wish for some information on the market plus proactive assistance to target a fresh level please contact me Jonathan on jmw@currencies.co.uk

GBPEUR Exchange Rates rise (finally)!

Finally the pound has risen against the Euro presenting a fresh opportunity for anyone buying Euros with pounds. Most analysts have been expecting the rates to fall in the coming weeks owing to the uncertainty of the Brexit but thankfully the outlook which does of course remain uncertain because of the worries over Brexit has been presented with this excellent short term opportunity to buy Euros. The pound was never going to just continue to slide in one direction and this news is exactly what anyone buying Euros has been waiting for.

The rest of the week might even get a little better with sentiment focused on Eurozone Inflation data tomorrow. Inflation has been the big elephant in the room for the Eurozone which is now teetering on deflation once again. The whole point of rolling out the extensive Quantitative Easing program and cutting interest rates earlier this year was in order to help restore Inflation in the Eurozone. If the data continues to show Inflation is an issue (which I believe it will) then exchange rates for buying Euros might get even better.

If you have a transaction to consider involving buying Euros making some plans around the next few weeks and months is I believe very sensible as there is lots of uncertainty over what we might expect next. For more information at no cost or obligation please email me Jonathan on jmw@currencies.co.uk

GBPEUR rates stagnant ahead of the ECB on Thursday!

We have been waiting all year for this key ECB meeting on Thursday as there comes with it a high chance of further QE or Quantitative Easing which could weaken the Euro and present fresh opportunities to buy. 2016 has been a very difficult year for anyone buying the Euro, understanding that this event could present better rates should be of real interest to Euro buyers.

The expectation is for the GBPEUR rates to continue to climb higher on this news if it meets expectation. The outlook for the market further ahead is not very favourable for the pound  so if you need to buy Euros longer term making some plans ahead of Thursdays news seems the most sensible option to me.

We offer a range of options to help you secure currency at considerably better exchange rates than the banks plus offer an option to fix an exchange rate in the future using a forward contract. Understanding your price and market well in advance of any payments is a very important method to help secure the best deals.

If you need to buy or sell Euros with Sterling this Thursday is a key date for the diary, please feel free to contact me Jonathan by emailing jmw@currencies.co.uk

What to Watch out for when Trading this Week (Daniel Johnson)

Sterling has rallied today moving up into the 1.32s, although I do not see any reason for further significant gains. Keep a keen eye on Thursday’s UK GDP figures at 9.30am. I expect there could well be a contraction which could cause movement on GBP/EUR.

I think the most important data release of the week will be Eurozone Inflation figures (Consumer Price Index) on Friday at 10am. Mario Draghi the Head of the European Central Bank is basing any changes in Quantitative Easing (QE) on inflation. QE is essentially pumping money into an economy in order to stimulate growth, if there is an increase in the amount pumped in per month expect significant Euro weakness. The inflation figures could well cause volatility.

Timing a trade correctly is vital to maximising your return, with the help of a broker you can expect to be kept up to date with vital data releases and market movement. My clients have been extremely happy with the way their trades have worked out as of late and I would would take pleasure in assisting any new clients with their trade. I will also guarantee to beat any competitors exchange rate. If you have a currency requirement I would  recommend getting in touch by calling 01494 787 478 or e-mail me directly at dcj@currencies.co.uk . Thank you for reading my blog it is greatly appreciated I look forward to hearing from you.

Will GBPEUR keep falling?

Will the pound to Euro keep falling? The expectation is for the pound to Euro rate to fall further in the New Year with sentiment towards the UK declining even further. Uncertainty relating to the in or out referendum on the EU will I am sure provide investors with further worries over the UK which will more than likely lead to the pound losing yet more value. The interest rate rise now in the United States has seen large shifts of funds from the United Kingdom to the United States which has caused the pound to weaken against all currencies including the Euro.

If you are a Euro buyer with sterling I would suggest moving sooner rather than later to avoid uncertainty and risk of the rates falling and your transfer becoming more expensive than planned. If you are selling Euros it might be that this rate has further to fall in the coming weeks and we might yet see some improvements which make your transfer less costly.

If  you are buying or selling sterling for Euros and there is anything I can help with please get in touch by emailing jmw@currencies.co.uk and explaining your position and how we might be able to help.

What next for the Euro?

The Pound to Euro exchange rate is likely to come under some real pressure in the future as Inflation becomes a problem yet again. Today markets are celebrating the UK has come out of its deflationary phase. Yet the falling Oil prices suggest to me that the problems for sterling are far from over. Inflation is very likely to drop in the future which will push back further any interest rate hike expectations leveled at the pound and the UK. For this reason I believe that if you need to buy or sell the pound or Euro your transfer time is critical and making careful plans is very sensible. Understanding the markets and all of your options in advance will be key to achieving the most for your money. The gamble is to do nothing!

For a full overview of your position and for assistance in achieving the very most for your money please contact me Jonathan using jmw@currencies.co.uk

The GBPEUR forecast remains favourable for Euro buyers, but for how long?

Euro buyers have been in for a real treat of late with some of the best levels in 8 years if buying with sterling, a truly remarkable rate of exchange. It is easy for Euro buyers to become complacent regarding these levels having seen the market flirt with these levels already this year and with plenty of uncertainty surrounding the Euro. However nothing should ever be taken for granted on exchange rates particularly the way this current market has taken everyone by surprise! I think therefore we could be in for more of a chance of the Euro weakening and the pound finding favour longer term although there could be a short term improvement for Euro sellers on the back of some light GBP weakness witnessed earlier this week.

The rates of exchange for the Euro are at some truly unique levels and this should in my opinion not be taken for granted. Even though there is a good chance the Euro could weaken further when the European Central Bank mention their QE intentions, markets do not always follow set plans! I think it might be more prudent for you be prepared for the rate to fall and be keen to strike on any improvements.

If you have a GBP to euro transfer you are considering in the future making some plans might be a very good idea! For more information on the market and to be kept up with spikes in and out of your favour please speak to me Jonathan by emailing jmw@currencies.co.uk