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Sterling Euro highest since February 2008 (Tom Holian)

Sterling Euro exchange rates have hit their highest level in 7 years as the ECB announced a huge round of Quantitative Easing on Thursday afternoon.

With the Swiss National Bank removing their cap on the CHEUR exchange rate the week before we saw a currency movement of 30% which caused shockwaves through global markets.

I think they knew what was coming with the ECB so therefore made the decision to remove the cap.

The ECB has announced a QE programme of EUR60bn per month until September 2016 which caused the Euro to weaken by over 5 cents against Sterling during the course of last week’s trading session creating some excellent opportunities to buy Euros.

In the short term this is good news with those needing to exchange Pounds into Euros but in the longer term it makes British exports less competitive and therefore less attractive.

Therefore, I think we could see the Pound losing strength in the medium term as a strong Pound is not good for the British economy.

However, the true aim of the QE is to stop deflation as well as promote growth so in a way it could also be seen as a good sign for Britain as it means the Europeans in theory have more money to spend.

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




ECB Decision sends Sterling vs Euro to 7 year highs (Tom Holian)

Sterling Euro exchange rates have hit 1.32 during today’s trading session as the European Central Bank confirmed their Quantitative Easing programme of EUR60bn per month until at least September 2016.

This weakened the Euro by 1% against Sterling and over 2% against the US Dollar.

The ongoing problem for the Eurozone has been falling inflation so to me the ECB had to react and arguably I think they could have done a little more with this policy.

However, the recent weakening of the single currency is a good thing for the Eurozone economy as it makes European goods and services more competitive so theoretically a weak currency could result in growth in the longer term.

Indeed, when the UK economy was struggling a couple of years ago GBPEUR rates were at 1.27 at the start of the year and quickly fell to 1.17 during February and it could be argued that the UK avoided recession in what many call an export led recession.

With the UK unemployment figures the best in 6 years and the ECB confirming QE we have had a very positive week so far and I think this will continue over the next few days.

If you have a currency transfer to make and want to take advantage of these recent highs for Sterling vs Euro then contact me directly for a free quote. Tom Holian




GBP – EUR Rates – QE Press Conferance Lanches Rates to Fresh 7-Year Highs!

An extremely volatile afternoon, with the markets reacting to every syllable Mario Draghi uttered during his press conference. The trading floor has never been so loud. Euro weakness has never been so apparent – with the Euro falling to fresh 7 year lows against Sterling and the lowest rate ever recorded against the Dollar.

The rates were already priced in, what caused them to swing violently by a cent here and there was a nervous market and very active Banks speculating on the outcome. Nothing unexpected was announced, with the expected vagueness that has defined Mario Draghi’s tenure at the European Central Bank. But these fresh new highs are a fantastic opportunity!

There is much more room for the rates to move in the other direction. The Bank of England released minutes suggesting interest rates will be put on hold until later in 2016, and we are currently experiencing record low inflation. The only way for the rates to get better barring an unpredictable disaster in the Eurozone is for the UK economy to strengthen…a long term prospect.

Essentially the rates are currently gift wrapped. Draghi’s stumbling during the press conference may have caused a bit more movement against the Euro and the market will re-adjust as buyers realise the Euro is currently a bargain.

The sensible option will be to buy now. The gambler will wait until what happens with the Greek election. There is scope for movement in either direction, but I am of the opinion the likely coalition government that will result will produce an anti-climax for the most onlookers worrying about revolution and fires in Athens, moving the rates down a peg as a bit more confidence is brought back into the future of the Eurozone.

If you are sensible or a gambler, we can provide options for either to both take advantage of the rates now, even if you don’t have requirements until later in the year, or protect you in case the rates do drop down after the Election and stop you losing out too much on your gamble.

Call straight into the trading floor and ask for Joshua on 01494 725353 – or alternatively email me on

ECB QE is here! Euro weakness… What next?

The Euro has weakened to some very interesting levels, it is the best time to buy Euros with pounds since 2008, it is the best time to bur Euros with dollars since 2003! If you need to buy Euros please give us a call on 01494 787 478 and ask for Jonathan. I am very confident I can save you money versus other sources and will offer you a better price than banks and currency brokers.

You might think you are getting the best deal but in fact there could be a better one available! To check your price please speak to me Jonathan on 01494 787 478 or email

Sunday’s Greek election is bound to be volatile and Monday morning could be a very bad or very good time to buy, depending on what happens! To be kept up to date with the latest news please contact me.

ECB QE Rumours (Tom Holian)

Reports earlier today have suggested that the ECB are likely to perform a huge amount of QE.

ECB President Mario Draghi has reportedly called for a EUR50bn per month until December 2016 which is over EUR1 trillion.

This is a huge amount of money and could see the single currency weaken if the amount is agreed. This is primarily aimed at promoting growth and it seems to have worked in both the UK and US when QE has been adopted.

However, in the short term it often weakens the currency involved which means Sterling Euro exchange rates could rise during tomorrow’s trading session.

The Bank of England minutes confirmed that 9 members voted to keep interest rates on hold which is the first time all members of the Monetary Policy Committee have agreed for a long period of time.

This weakened the Pound vs Euro but this movement was rather short lived.

UK unemployment was also confirmed at just 5.8% which is the best level in over 6 years giving Sterling some support against the Euro.

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




GBPEUR rates before the big QE decision

Everyone is trying to second guess market movement over the next 24 hours but I would remind people that the market moves on rumour as well as fact. As a result the he amount of currency orders being placed over this period, in itself, will change demand and prices. This has already been seen today with people taking profit from the recent climbs before tomorrow event. It is as a result giving euro sellers an opportunity for a gain to be taken of nearly 2 cents compared to last Friday.

Everyone’s eyes are still on tomorrow and what the implications could be of the QE program that has been promised. Currently I expect levels to either stay the same, for GBPEUR to climb slightly or to fall by a big bit.

For a full break down, how this could impact your situation or for information on the tools you can use to limit your exposure please feel free to contact me. My email address is

Sterling Euro at 7 year highs (Tom Holian)

The best exchange rates of 2015 have been seen over the last few days for Sterling vs Euro as the markets were rocked by the shock announcement made by the Swiss National Bank.

This saw CHFEUR rates move by as much as 30% on Thursday which helped to push Sterling up against the Euro to a 7 year high providing excellent buying opportunities if you need to buy Euros.

Tomorrow the Bank of England minutes are released and I don’t think we’ll see any change to the recent 7-2 vote in favour of keeping things as they are.

Indeed, there are now almost 100 10 year fixed mortgages available in the UK which signals to me that UK interest rates are in no danger of changing for the foreseeable future.

The biggest announcement for the week is due to be the ECB meeting on Thursday afternoon which could cause havoc for the Pound vs Euro.

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




The most volatile week on the Euro since 2012!… The best way to predict the future is to create it!

If you thought last week was volatile then you might want to keep your eyes peeled for the rest of this week! The Euro has the QE announcement on the Thursday and then Sunday we have Greek elections. Almost daily rates are fluctuating abnormal amounts so if you need to make a transfer making some careful plans is well worth you while.

In the words of famous management consultant Peter Druckner ‘the best way to predict the future is to create it’ and thankfully against such uncertainty using one of our contracts you can create the future. Forward purchasing using a ‘forward contract’ allows you to buy all the currency you need today paying only a small deposit and the balance within a year. Limiting your exposure to some of the most uncertain markets in years seems a very good idea to me.

Alternatively a Stop Loss order will automatically execute when the rate drops to a lower level than desired (protecting against losses) whilst a Limit order triggers when your desired higher rate is reached. Exchange rates change every second and such contracts guarantee your price even if the rate is just hit for a second.

With a similarly volatile couple of weeks expected now is the perfect time to be seriously considering your options. Speak to one of our knowledgeable and helpful team! For more information on the best deals please contact me Jonny on 


1.30 on GBPEUR, SNB removes EURCHF floor

The most important news today was the Swiss National Bank’s decision to not only cut their interest rate from -0.25% to -0.75% but to remove the floor against the Euro. To halt previous unprecedented gains on the CHF the SNB had promised to intervene anytime the EURCHF rate dropped to 1.20. With the Euro weakening to multi years lows in 2015 the CHF which was effectively pegged to the Euro was suffering from weakness against other currencies like the USD.

If you need to make any international currency exchanges involving the Euro make contact today for the best rates and information on when to make the trade! Please speak to me Jonathan on for more information!

Euro Rate Forecast – Best rates of Exchange for 2015 could be within the next week

The past few days have seen Sterling reach 3 1/2 year highs against the Euro! This is a result of markets pricing themselves ahead of the expected announcement of Quantitative Easing by the European Central Bank on January 22nd. However, we balance this with an internal look at Sterling. Yesterday it was announced that UK inflation had hit its lowest point since records began. Clearly our recovery seems to be built on weaker foundations than we first believed. As the Tories are currently running on how well the economy has been performing, poor data can cause an exaggerated effect on the market, as more fear a more contested Election in May.

As a result of this inflation data, it is likely that the Bank of England will announce a further delay of interest rate rises until 2016, when their minutes from the last meeting are released next week. This will likely weaken the Pound.

Conversely, since Eurozone inflation is set to be released in a few days, likely showing the single currency is STILL in deflation, we are definitely heading into a ‘sweet spot’ for purchasing Euros between now and next week.

If you would like to discuss your requirements for 2015 and how these tempting rates can be taken advantage of even for requirements later on in the year, email me at and I would happy to give you a more thorough overview of the markets and help you make some profitable plans.

Eurozone Inflation Data Could be Key (Matthew Vassallo)

The EUR lost further ground against GBP during Wednesday’s trading, with rates slipping back below 1.29 at the low. Despite small against the USD the EUR is still marooned under 1.19, with pressure on the single currency unlikely to lift in the short-term.

Investors now seem to be waiting until the European Central Bank (ECB) decision on January 22nd, which is when they may well announce a full scale Quantitative Easing (QE) initiative. In the short-term I feel the EUR will struggle to gain any sustained momentum unless any economic data releases are better than expected.

The next key release for the Eurozone is Friday’s inflation data and any reading better than expected could help to alleviate some pressure on the EUR. Despite today’s losses against the Pound I do feel the EUR will find support under 1.30 and we will need to see another shift in market conditions in order to breach this level.

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

GBP / EUR reaches 2 year highs! (Dayle LIttlejohn)

Today we have seen further indication that quantitative easing could begin on the 22nd. This is when Mario Draghi and the European Central Bank will meet to discuss the problems in the Eurozone. Mario previously hinted last week he would begin quantitative easing if necessary and this has been backed up today by Beniot Coeure another member of the ECB who exclaimed ‘policy makers must treat the threat of deflation seriously and shouldn’t delay a response’. In addition GBP/ EUR has therefore reached the high 1.28s and found a footing.

In previous weeks we have seen Sterling reach the high 1.28s/ 1.29s and then come plummeting back to the mid1.27s. I’m of the opinion that the Bank of England will not want GBP/ EUR to reach and stay in the 1.30s as isolating ourselves in the Eurozone trading market could have a negative effect on the UKs economy. Therefore if you are looking to trade Sterling to Euros in the near future, I would recommend timing your trade wisely. If you would like me to be your eyes and ears at this volatile time feel free to email me on