Category Archives: Euro Strength

When should I buy Euros with pounds?

If you need to buy Euros with pounds the next week could present some very interesting times with lots of new key UK data released which might help you. It does appear that the pound is likely to remain on the weaker side and we know sterling is struggling to benefit even from good news. Nevertheless I expect sterling might find some limited support presenting possibly better times to buy Euros.

The beginning of a new month sees the latest figures on Construction, Manufacturing and Services. I expect that the pound will continue to struggle in the coming weeks and anyone who needs to buy Euros should really be making some form of exit plan as the likelihood is the rate will become more expensive.

If you need to buy any currency in the future then making plans in advance is very sensible in this market. The outlook is for the pound to struggle as investors remain fearful over what will happen to the UK politically and economically in 2017. If you are planning a transfer than please get in touch with me to get a fresh update on the market and discuss all of your options.

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Sterling Falls Despite Positive GDP Data (James Lovick)

The pound is back on the slide taking another round of losses against the Euro this morning. Despite better than expected UK Gross Domestic product (GDP) figures released yesterday the pound took losses against all of the major currencies with GBP EUR down by 0.5%. UK GDP arrived at 0.5% which was higher than the 0.3% expected but still wasn’t enough to lend support to the pound. This was surprising as under normal circumstances the pound would have generally climbed considerably higher.

This all came on the day that Nissan confirmed its intentions to produce two new models of cars in the UK at the Sunderland plant which is welcome news for Britain. Again though it wasn’t enough to calm those Brexit jitters. Clients selling Euros are now very close to the highs seen in recent weeks and would be wise to consider moving sooner rather than later to take advantage of the current levels.

With no economic data for the UK today eyes look to EU consumer confidence figures released this morning. Next week however is more important with EU GDP figures on Monday and Purchasing Managers Index surveys for the UK Manufacturing, construction and services sectors. The Bank of England meeting is on Thursday where high volatility is to be expected. A rate cut seems considerably less likely after the healthy GDP numbers yesterday but anything could happen.

Clients who are buying Euros continue to feel the pinch and the outlook is not set to get better in the short term. If you have an upcoming Euro currency requirement either buying or selling and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with your current provider, 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

Sterling declines despite positive GDP Figures, will the Pound continue to fall? (Joseph Wright)

Despite a positive economic news release this morning, the Pound is still finding itself under increasing pressure as the currency is down pretty much across the board this afternoon.

Over the past quarter economic output within the UK grew by 0.5%, underlining the forecasts that the UK will avoid going into another recession despite the increased pressure on the economy after the Brexit vote.

What I gather from today’s economic releases is that there is currently little upward momentum for the Pound, as despite such positive news the currency has moved very little even if there was a slight bout of buying off the back of the release.

Personally, I think that if GDP had come out below the expectation of 0.3% we would have seen the Pound sold off quite heavily, and based on how quickly the Pound is being sold off whenever there’s a reference to a ‘Hard Brexit’, I’m expecting the Pound to continue to fall in the upcoming months.

There are some key GBP/EUR forecasts of note that anyone with a currency requirement involving the Pound and Euro should be aware of. HSBC have outlined a 1 for 1 price target next year and Credit Suisse have outlined 1.06 within the next 3 months.

If you are planning a currency exchange between Sterling and the Euro, it’s worth your time getting in contact with me on 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.

Sterling Euro exchange rates nervous ahead of UK GDP Figures (Tom Holian)

Sterling Euro exchange rates have been trading in a tight range this week in anticipation of this morning’s UK GDP figures. This particular period is the first quarter to be measured since the vote to leave the European Union and this could cause huge volatility for GBPEUR exchange rates when the data is released. The expectation is for 0.3% quarter on quarter so anything different is likely to cause big movements either way.

If the economic data is lower than expected this could also provide support for the Bank of England to possibly look at cutting interest rates when they meet next Thursday.

In recent comments made by Bank of England governor Mark Carney as well as deputy governor Ben Broadbent they have shown little concern in the low value of Sterling so to me I think they could possibly cut interest rates next week which is likely to cause Sterling to fall if this happens.

The Pound vs the Euro is clearly under pressure caused initially by the Brexit vote and also by the recent announcement that Article 50 will be triggered by March 2017. The uncertainty this has caused has seen Sterling hit close to its lowest level since 2011 providing an excellent opportunity for anyone selling Euros to buy Sterling.

If you’re in the process of moving to Europe or buying a property abroad before the end of the year it may be worth considering buying a forward contract which allows you to fix an exchange rate for a future date and avoids the risk of the market moving against you further.

Having worked in the foreign exchange industry since 2003 I am confident not only of offering you better exchange rates than using your bank when buying or selling Euros but also to help with the timings of your transfer.

If you have a currency transfer to make and would like further information or a free quote then contact me directly and I look forward to hearing from you.

Tom Holian

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Mario Draghi and Mark Carney take centre stage (Dayle Littlejohn)

Yesterday President of the European Central Bank Mario Draghi and Governor of the Bank of England Mark Carney both gave speeches in regards to the state of their economies.

Mario Draghi took a bullish stance and stated the Quantitative Easing program is running well and went on to exclaim change is unlikely anytime soon. Mark Carney on the other hand remained very dovish whilst being heavily criticized by the Economic Affairs committee. The Governor went on to exclaim he may not continue his position as Governor once his contract expires!

Due to both press conference the pound fell throughout yesterdays trading period. GBPEUR exchange rates were fluctuating around 1.1235 at midday and by the close rates had dropped to 1.1172. In monetary terms a €200,000 purchase would have been an extra £1,000 if you had traded at the end of the day compared to before both senior officials press conferences.

With exchange rates continuing to fall, a popular option for clients buying euros is to buy their euros up front. If all of your sterling is not available to you at the moment (for example you are selling a UK property) you can still secure your exchange rate now and pay later. This is known as a forward contract.

For more information in regards to the currency market, forward contract or how I can achieve you the best rates possible feel free to email me with your requirements, timescales, the best number to reach you on and I will give you a call to discuss your options

** 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! **

EUR Weakens Following Mario Draghi’s Comments on Future Monetary Policy (Matthew Vassallo)

The EUR lost some value following European Central Bank (ECB) president Mario Draghi’s comments, during his speech last Thursday. Whilst the ECB kept interest rates on hold at 0% as expected, Draghi did hint at the fact they were open to extending their current monetary policy (QE) programme beyond the current timeline of March 2017.

This was immediately taken as a negative by the markets and the EUR weakened against both GBP and the USD, with GBP/EUR moving back through 1.12 on the exchange. This is a prime example of why EUR sellers should be looking to take advantage of the huge gains seen since the UK’s Brexit decision and not gamble on further improvement, when the Eurozone economy remains fragile and under increasing pressure.

Looking ahead and today is likely to be key for those clients holding EUR as we have Bank of England (BoE) governor Mark Carney’s speech, which will give us a key insight into the UK’s central banks stance on current economic conditions inside the UK. It should also point towards potential future growth and their current monetary policy stance. We also have Draghi talking again so expect additional volatility on GBP/EUR exchange rates during Tuesday’s trading.

Further ahead and Thursday will also hold weight for investors with the latest UK Gross Domestic Product (GDP) figures, which is perhaps the month’s key release for investors. This is because it gives them an overview of the current economic climate and will drive the markets and exchange rates alike.

If you have an upcoming EUR currency requirement the current levels are a stark reminder as to how important it is to be kept up to speed with key market movements, ahead of any prospective currency exchange. The currency markets can move aggressively and without prior warning and this is where a proactive broker can help you time your trades and maximise your currency transfers.

If you would like to be kept up to date with all the latest market movements, or simply wish to compare our award-winning exchange rates with your current provider, then please feel free to contact me on 0044 1494 787 478 and ask one of the team for Matt. Alternatively, I can be emailed directly on

Buying Euro rates tick down slightly the begin the week (Joshua Privett)

As my last article detailed on Sunday, the Euro gained against the Pound during the day’s trading, with buying Euro rates beginning to test the 1.11 bracket once more. Luckily for anyone with a GBP/EUR requirement, softer tones coming from Brussels negotiations allowed the Pound some respite so that the losses were minimal.

This morning the key feature to watch out for was business confidence data for the German economy which came out first thing this morning. As the Eurozone’s powerhouse economy, markets are especially sensitive to any information emerging from here, with big changes to the value of the Euro possible.

This data was phenomenally positive. The reasons are as yet unclear as to why, with many competing theories.

These business confidence figures are essentially a measure of where Director’s believe the state of the economy will be in a few months and expectations for stability and profit. With the recent crisis over at Deutsche Bank where Germany’s largest financial institution had to have a guarateed bailout offered by the German Government, the reversal of fortune was surprisingly rapid and strong.

This has prompted rumours of many British based banks having already entered into negotiations with Germany to move their base of operations there.

In the short-term for Euro buyers this means that the Euro has gained strength and become a more expensive prospect.

Moving forward we have the most important release of the month arguably, which is the first look at UK growth data since the Leave vote.

A drop is expected, however it is whether drop exceeds expectations or is minimized which will impact the currency markets most. Given the strong potential for surpise during this period, Euro buyers may be wise to avoid the day entirely, and seize the four cent recovery from the flash crash a few weeks ago before it may be tested again.

In the meantime markets will continue to move between now and the release on Thursday, and opportunities should continue to present themselves given the current volatility in the marketplace.

I strongly recommend that anyone with a buying Euro requirement should contact me overnight whilst markets are quiet on to discuss the options open to you to safeguard your transfer and make the most of what is available in this current marketplace.

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

You can also contact me on the form below, and I will respond to you as soon as I am able.

Buying Euro rates expected to be hit next week (Joshua Privett)

Buying Euro rates of exchange have seen some of the greatest recovering on the currency markets since the flash crash 13 days ago on the Pound.

However, the few weeks of stability we have enjoyed should not lull anyone with an upcoming GBP/EUR requirement into a false sense of security.

Now that the political climate has calmed, and the only news of note this weekend about the Brexit was a disagreement over whether the langauge of the negotiations would be in French or English, market focus should be shifting towards economics once more in governing the value of the Pound and the Euro.

Frankly, based on the data sets lined up for markets to trade on this week, anyone with an upcoming Euro purchase may be wise to move sooner rather than later to avoid the downside risk seemingly pervasive in the markets over the course of the next five trading days.

The data releases to watch out for next week:

On Monday we have business confidence figures for the powerhouse of the European economy, Germany, to begin the week. Given expectations for improvement here now that the German Government have agreed to bail out Deutche Bank if need be, the Euro should gain back some of the lost ground against the Pound over the past five business days.

Following this, we have arguably the most important economic data release for the Pound since the Brexit vote coming out on Thursday. This is the currency market’s first look at growth figures for the UK in the first full quarter since June’s vote.

A recession is guaged on two consecutive quarters of negative growth. Whilst the result is not expected to show negative growth, markets are already bracing for a heavy contraction, where growth has more than halved to 0.3%.

We will not know the exact figure until Thursday morning, but with such a hefty fall expected the main variable in the marketplace currently is really how far can the Pound fall on this day. There certaintly doesnt seem to be an identifiable piece of information which could benefit Euro buyers next week.

As such given the recent four cent gains on GBP/EUR since the flash crash, Euro buyers with a view to moving at some point over the next two to three weeks may be wise to move sooner rather than later to avoid the obvious risk in the marketplace next week.

You can reach me firstly over the weekend whilst markets are closed on to discuss a strategy for your transfer in order to safeguard your transfer and maximise your Euro return with what this current marketplace has to offer.

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. 

Euro sellers can also get in contact to discuss how to make the most of the expected movements in your favour in the timeframe you have to complete your transfer.

You can also fill out the form below and I will be in contact as soon as I am able.



Could Article 50 cause Pound Sterling vs the Euro to fall further? (Tom Holian)

The Pound has seen very minor gains against the Euro during this week but to me these gains are likely to be short lived. As I’ve been predicting in many of my previous articles recently the Pound has come under huge pressure since the Brexit and more recently since the announcement that Article 50 will be triggered by March 2017.

In the last month alone Sterling Euro exchange rates have fallen by over 10 cents causing a huge loss of confidence in Sterling against all major currencies.

According to releases made by analysts at Credit Suisse they have predicted Sterling Euro rates to fall to as low as 1.05 and GBPUSD rates to fall to as low as 1.10. The prediction is based on the likelihood that the UK will have a ‘hard’ rather than a ‘soft’ Brexit.

During October both Bank of England governor Mark Carney and deputy governor Ben Broadbent have claimed not to have Sterling’s value at the top of their priorities and instead will keep the focus on UK inflation levels. The target for the BoE is for 2% and this week we saw inflation coming out at 1% which gave Sterling a brief lift against the Euro but the gains were short lived.

With both Carney and Broadbent seemingly not too perturbed by the fall in the value of Sterling then I think this could open the door for another interest rate cut at next month’s central bank meeting which could cause the Pound to fall even further than current levels.

Indeed, if you’re selling Euros we are now at the best level to do so since 2011.

However, if you’re in the process of buying a property on the continent before Article 50 is triggered in March it may be worth looking at a forward contract which allows you to fix an exchange rate for a future date for a small deposit. If GBPEUR rates continue to tumble this could potentially be very suitable.

I have personally worked in the foreign exchange industry for 13 years so I’m confident that with my experience not only can I offer you better exchange rates than using your bank but also help you with the timing of your purchase.

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

Tom Holian 

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Sterling slide on pause for now, but for how long? (Joseph Wright)

The slide in the Pound’s value is on hold for now, as versus the Euro it’s trading at just over 1.12 at the time of writing.

After trading in the late 1.09’s just a week or so ago, the Pound seems to be finding support above 1.10 which could have been spurred by some positive inflation data during earlier in the week for the UK. With inflation now at 1% the Bank of England (BoE) is on track to meet it’s 2% target which is a positive sign for the UK economy, but those hoping for further Sterling strength when compared with the Euro need to be aware of the following future forecasts.

Earlier in the month analysts at HSBC announced forecasts of parity for the GBP/EUR pair towards the end of next year, and just this week Credit Suisse lowered their price target for the commonly exchanged pair, suggested that we could see the pair trading in the 1.06’s within the next 3 months.

Should these forecasts come to fruition, those planning a Sterling to Euro currency transfer may be wise to consider performing that transaction whilst the pair currently sit comfortably above 1.10 at the inter-bank level.

If you would like to discuss timings and commercial exchange rates with me, feel free to get in touch. Our UK based currency brokerage has been operating for almost 17 years and we’re in a position to offer commercial exchange rates, which can save our clients thousands on currency exchanges.

You can email me directly on or call in and ask for me (Joseph) on 01494 787 478. I’ve personally been working within financial markets for almost 10 years, and with this experience I’m able to walk you through what can be a stressful experience if you’re not used to making these types of decisions regularly.

ECB Interest Rate Decision and the impact on GBPEUR Exchange Rates (Tom Holian)

Euro vs Sterling exchange rates are now at their best levels to sell Euros to buy Sterling since 2011 following the recent comments made by UK Prime Minister Theresa May that Article 50 will be triggered by March 2017. This has caused investor confidence to really drop for Sterling and we have seen the Pound hit multi-year lows against a whole host of major currencies including the Euro and the US Dollar.

I still think we have further problems lying ahead for the Pound as until we have some certainty as to what will happen with the UK’s negotiations to leave the European Union then this could cause further pressure. With the negotiations not able to begin until March next year then we will not see any further resolution for at least the next few months.

Since the Brexit vote the Pound has struggled owing to political influences and even with UK economic data coming out better than expected as shown with rising inflation on Tuesday the Pound is finding it extremely difficult to show any signs of improvement against the Euro.

The European Central Bank are due to meet this afternoon and I don’t think we’ll see any change to monetary policy at this month’s meeting but any signs of a change coming could cause some volatility for Sterling vs Euro exchange rates this afternoon.

If you’re in the process of buying a property in Europe before the end of the year and are concerned about what may happen to GBPEUR exchange rates then it may be worth considering buying a forward contract which allows you to fix an exchange rate for a future date.

Having worked in the foreign exchange markets since 2003 I am confident not only of being able to offer you better exchange rates than your bank but also helping you with the timing of your currency purchase.

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

Tom Holian 

Alternatively fill in the form below


Sterling Rallies to 1.12 against the Euro. (Daniel Johnson)

Pound Forecast

Sterling has gained ground against the euro following positive inflation data. Inflation is a big worry following the vote to leave the EU due to the weak value of the pound it will be far more expensive to buy goods from abroad, this will be passed on to consumers. I estimate food may be hit hardest and we could see an increase of up to 5% in Q1 of 2017.

I think in order for Sterling to have a significant rally we will need to see article 50 triggered and decisive action taken in regards to trade negotiations. Theresa May has indicated article 50 will be invoked before the end of March 2017.

There is hope for the pound, however. There may well be opportunities for Euro buyers short term if you monitor the market and move on a spike. It is important to also keep in mind the Eurozone is not exactly in the best state. Italian banks have €360bn in bad loans, Greece is debt crisis continues, Inflation is shocking and there is the threat of further referendums. Draghi has done very well at sweeping this under the carpet. I think it is a case of keeping the music playing, but when the music stops there won’t be enough chairs.

If  you have a currency requirement it is crucial to be in touch with an experienced broker. The timing of your trade is vital during such volatile  times, If you have an experienced broker on board he/she can keep you up to date with what is happening in the market to help you make an informed decision. Should you find our information useful and you would like me to assist with your trade I will be happy to help you personally. If you inform me of the the currency pair you are trading, volume and time scale and I will provide a free trading strategy to suit your needs. I work for one of the top brokerages in the country and as such I am in a position to better virtually every competitors rate of exchange. You would also be looking at saving anything up to 4% in comparison to high street banks. Please do get in touch by contacting me at Thank you for reading my blog.