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Euro Rate Forecast

Currency experts forecast on the Euro

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Euro Pound forecast: GBP falls with election speculation

September 3, 2019 by Daniel Johnson

Is the Euro going to go up? UK general election likelier

UK Prime Minister (PM) Boris Johnson has stated that he doesn’t want a general election, but that doesn’t mean we won’t get one. Members of Parliament (MPs) are planning to put through legislation this evening, to force the PM to delay Brexit until 31st January, unless he can get a new deal in place with the European Union by mid-October.

The PM will try to trigger a snap election on Oct. 14 if he loses the vote in Parliament. There is now a high probability of a general election before the end of the year. This does not bode well for the Pound. If we look historically, the Pound tends to suffer during general elections, for example the 2010 election bares testament to this.

The chances of Mr. Johnson obtaining a favourable deal also seems slim. Brussels has reiterated that there will be no concessions made on the Northern Irish border. Generally speaking, the higher the probability of a ‘no deal’, the weaker you would expect the Pound to become.

When should I buy Euros? ECB looks set to cut interest rates

The Eurozone has its own problems. Low inflation may force the European Central Bank’s (ECB) hand, and they may either put interest rates into negative territory or implement further Quantitative Easing (QE). QE is essentially pumping money into an economy in order to stimulate economic growth. The drawback is that this puts a huge amount of debt on the region in question. You would expect both these monetary policy options to weaken the Euro.

However, it is likely that the lack of clarity surrounding Brexit will considerably outweigh the problems in the Eurozone. GBP/EUR has lost nearly a cent overnight, and yet the Euro is close to a two-year low against the US Dollar. This highlights how fragile the Pound actually is.

During unpredictable times, you may wish to be in contact with a currency specialist who can provide the latest currency updates. Foreign Currency Direct PLC has specialised in foreign exchange for over 19 years, and we are authorised as an e-money institution by the Financial Conduct Authority (FCA).

If you already use a provider, I can perform a comparison within minutes, to give you an indication of the potential saving you could make by using Foreign Currency Direct for your international currency transfers. I can be contacted at dcj@currencies.co.uk, Daniel Johnson, if you would like my assistance.

Daniel Johnson

Filed Under: Economic Information, Euro Strength, Euro Weakness Tagged With: Best EUR exchange rates, Best GBP/EUR exchange rates, Best UK exchange rates, Brexit, buy euros, buying euros, currency transfer, ECB, gbpeur forecast

Euro Pound forecast: Italian PM resigns

August 21, 2019 by Daniel Johnson

The Euro lost value during yesterday’s trading following the resignation of Italian Prime Minister (PM), Giuseppe Conte. He stated following his departure that he felt Matteo Salvini, his Deputy Prime Minister, was a political opportunist and had engineered this outcome.

It could be the case that Mr. Salvini is lining himself up to be the next PM. The next course of action however will be determined by Italian President, Sergio Mattarella. It could be the case that he asks Mr. Conte to form a new government or call for an election. General elections historically weaken the currency in question and this situation could hurt the Euro.

Should I wait to buy Euros?

The Euro has other problems and has lost value against the majority of major currencies. Eurozone inflation levels have been very poor for several years now, and this situation worsened this week as Consumer Price Index (CPI) data (a measure of inflation) came in below expectations. The figures arrived at –0.5% against a forecast of –0.4%.

The European Central Bank (ECB) has hinted at changing monetary policy. There could either be a change in interest rates, which would put the interest rate to a minus figure, or monetary stimulus such as Quantitative Easing (QE). QE is essentially pumping money into an economy in order to stimulate growth, the drawback is this creates a huge level of debt. Both of these options have the potential to weaken the Euro. At the moment, however, I believe the current Brexit situation outweighs the problems in the Eurozone.

If you have a currency requirement I will be happy to assist. If you let me know the details of your trade I will endeavour to produce a free trading strategy. During a period of such uncertainty it is important to be in touch with an experienced broker if you wish to maximize your return. We have tools at our disposal to make sure you do not miss out if there is a spike in your favour.

If you already have a currency provider in place, drop me an email with what you are being offered. I am very confident I will be able to demonstrate a significant saving. It will only take you two minutes and I am sure it will be worth your while. You can trade in safety knowing you are with a Foreign Currency Direct PLC, a firm trading for over 19 years and FCA registered.

If you would like my help feel free to email me at dcj@currencies.co.uk. Thank you for reading.

Daniel Johnson

Filed Under: Economic Information, Euro Strength, Euro Weakness, Media Quotes, The Week Ahead Tagged With: Bank of England, Best EUR exchange rates, best exchange rates, Best GBP/EUR exchange rates, Best UK exchange rates, buying euros, euro rate forecast, excellent exchange rates, the best deal on euros against the pound

When to buy Euros latest: Boris gives the Pound a boost

July 24, 2019 by Tom Holian

BoJo bounce for the Pound vs the Euro

After an unsettled last few weeks, Boris Johnson has finally been announced as the 77th British Prime Minister. He won against Jeremy Hunt by a huge majority, and this gave the Pound a much needed boost against the Euro. The vote was made by 160,000 Tory members, which accounts for just 0.4% of the British population.

It was expected that Boris Johnson would win, as he was the strong favourite owing to his tough stance on Brexit. Jeremy Hunt was originally a supporter of the ‘Remain’ camp, and so the chances of him winning were already very low when the campaign started. The real issue for the Pound against the Euro is the uncertainty caused by Brexit and, with the summer recess due to start this week, time is running out.

The deadline for the deal to be concluded is at the end of October and this means that, when Parliament starts again following the break, it will be left with just two months to get a deal agreed. As far as I’m concerned this simply is not enough time, and I think this could move us towards either another extension or the possibility of a general election. Both of these could cause problems for the value of the Pound vs the Euro in the longer term.

Euro forecast: European Central Bank meeting may weaken Euro

Later this week, the ECB will hold their latest monetary policy meeting. Expectations are for a change in September, so any hints of further easing coming in the near future could see some Euro weakness vs the Pound. The ECB are considering whether to increase Quantitative Easing or cut interest rates once again, so this could cause problems for the single currency.

If you would like further information or 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, teh@currencies.co.uk

Tom Holian
Having worked in the foreign exchange industry since 2003, longer than some of today’s currency brokerages have been in business, Tom draws on his considerable experience of the currency markets when writing his Euro exchange rate forecasts.

Filed Under: The Week Ahead Tagged With: Boris Johnson, buying euros, Pound vs the Euro, Tom Holian

Euro rate prediction: Brexit continues to hurt Sterling

July 8, 2019 by Daniel Johnson

In today’s Euro rate prediction, we’ll see how the Pound remains in trouble, despite reasons for concern surrounding the Euro.

Sterling has suffered due to the uncertainty over who’ll be the next Prime Minister (PM), and the lack of clarity surrounding Brexit. Boris Johnson is currently favourite to become PM, and he has indicated that he intends to bring a ‘no deal’ scenario back to the table, to negotiate a more favourable deal with Brussels.

It seems that the British government refuses to listen to Brussels, despite the EU stating on numerous occasions that they are not willing to make any concessions on the current deal. Simply put, it is not in the EU’s interest for the UK to leave with a favourable deal. If Britain were to leave with a satisfactory deal, other nations may follow suit.

Italy would be a prime candidate. Italian debt is now larger than its GDP, and Brussels have threatened a €3 billion fine, if Italy is not seen to be making realistic attempts to pay off the debt.

Brussels will no doubt make it as difficult as possible for the UK to leave the EU. With Boris bringing back the possibility of a ‘no deal’, you would expect Sterling to remain weak. Basically speaking, the higher the probability of a ‘no deal’, the weaker you would expect Sterling to become.

Pound to Euro exchange rate forecast

I feel that the problems surrounding the UK currently outweigh the problems facing the Eurozone. The Euro is suffering due to a host of poor economic data and threats on trade from US President Donald Trump’s administration. The Euro is close to a two-year low against the US Dollar. It just demonstrates how fragile the Pound is, considering how poorly the Euro is fairing against other major currencies.

If you have a currency requirement, I will be happy to assist. It is crucial to be in touch with an experienced broker, if you wish to maximise your return. If you let me know the details of your trade, I will endeavour to produce a free, no-obligation trading strategy for you.

If you have a trade to perform, I will also happily provide a free quote. I am confident our rates are among the best in the industry. I would be willing to demonstrate this in form of a comparison with any competitor. You can trade in safety knowing you are dealing with an FCA-registered company and one that has been trading for 18 years, Foreign Currency Direct PLC.

If you would like my assistance, I can be contacted at dcj@currencies.co.uk. Thank you for reading. Daniel Johnson

Daniel Johnson

Filed Under: Economic Information, Euro Weakness, Media Quotes, The Week Ahead Tagged With: Best EUR exchange rates, Best GBP/EUR exchange rates, Brexit, buying euros, euro weakness, selling euros

Will the Euro rise? Brexit and Tory contest impacts forecast

July 4, 2019 by Tom Holian

In today’s look at “will the Euro rise?”, we’ll examine how the Pound is still struggling to make any gains versus the Euro, and it looks as though this trend may continue.

The issue of Brexit continues to dominate investors’ appetite for Sterling, which is clearly under a huge amount of pressure.

The Pound has failed to make any inroads against the Euro and, whilst the Tory leadership election rumbles on and the uncertainty of Brexit continues, I cannot see the Pound making any real recovery.

The Euro managed to improve further during yesterday’s trading session after the latest Eurozone Services PMI data.

The figures came out better than expected at 53.6, and anything above 50.0 represents growth. This has given the single currency an additional boost as, although the Euro has been strong against the Pound, it has come under pressure versus the US Dollar.

This news is likely to mean that the European Central Bank will continue to keep interest rates on hold and monetary policy the same. Therefore, any signs of weakness for the Euro may not be coming. So if you’re considering buying Euros, it may be worth getting this organised in the near future.

Pound to Euro forecast

We begin next week with the latest industrial production data from Germany as well as import and export data. Another strong reading could see GBP/EUR exchange rates drop even further.

If you’re in the process of buying a property in Europe in the near future, and would like to guarantee your rate for the balance of the property, then it may be worth considering buying a forward contract.

I have personally worked in the foreign exchange industry for one of the UK’s leading currency brokers since 2003. I’m confident of being able to offer you bank-beating exchange rates when buying or selling Euros.

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

Tom Holian teh@currencies.co.uk

Tom Holian
Having worked in the foreign exchange industry since 2003, longer than some of today’s currency brokerages have been in business, Tom draws on his considerable experience of the currency markets when writing his Euro exchange rate forecasts.

Filed Under: Euro Strength Tagged With: buying euros, currency transfer, forward contract, Services PMI data, Tom Holian

Buy Euros latest: Italian debt hurts the Euro

June 17, 2019 by Daniel Johnson

EU set to punish Italy for rising debt

If you plan to buy Euros, it might interest you to know that EU finance ministers have agreed to pursue plans to penalise Italy with a fine to the value of £3 billion. Last week, the ministers confirmed that Italy’s high debt contravenes EU regulations, prompting the European Commission to take steps to punish the Italians.

On top of the ongoing budget dispute, Italy appears more likely to leave the Eurozone than anyone else. This is after a proposal to create mini-BOTs, a parallel currency to run alongside the Euro, which can be used by the Italian government to ease debt. This is a controversial method to say the least.

Matteo Salvini, Italian Deputy Prime Minister, stated that “We don’t need to ask Germans, Spanish and Luxembourgish for money. We want to use Italians’ money for Italians.”

The Euro is suffering due to this situation and investors are watching with a keen eye. This does have the potential to weaken the Euro further against the majority of major currencies. It is close to a two-year low against the US Dollar.

Is the Euro going up?

The Euro has suffered of late due to several contributing factors. The latest is the European Central Bank’s (ECB) June assessment of the Eurozone economic outlook, which was perceived to be worse than expected. This due to global demand issues and slowing domestic economies.

Analysts had predicted that the ECB would change the Eurozone’s interest rates before long.

However, Mario Draghi, President of the ECB, recently suggested that policymakers are now likely to wait for a longer period before raising rates. Mr. Draghi said that the ECB have all the necessary tool’s in the toolbox to deal with upcoming issues. In all honesty, there is very little justification for a hike.

Pound to Euro forecast

The decline of Sterling is widely attributed to the increasing probability of a ‘no deal’ Brexit taking place on October 31st. This follows the failure of Prime Minister Theresa May’s Brexit deal to pass through Parliament, and her subsequent resignation.

Analysts from Danske Bank have said a combination of weaker domestic data, global risk sentiment and ECB policy will play a part in a softer GBP/EUR exchange rate, going forward. There have been fears that “non-Brexit drivers [will] weaken the GBP further over the summer.”

However, Brexit will remain the key driver on GBP/EUR. I am afraid that, until we have clarity on the UK’s political situation and Brexit, the Pound will remain fragile.

If you have a currency requirement, I will be happy to assist. It is crucial to be in touch with an experienced broker if you wish to maximise your return. If you let me know the details of your trade, I will endeavour to produce a free, no obligation trading strategy for you.

If you have a trade to perform, I will also happily provide a free quote . I am confident our rates are among the best in the industry. I would be willing to demonstrate this in form of a comparison with any competitor. You can trade in safety knowing you are dealing with an FCA-registered company and one that has been trading for 18 years, Foreign Currency Direct PLC.

If you would like my assistance, I can be contacted at dcj@currencies.co.uk, Daniel Johnson.

Daniel Johnson

Filed Under: Economic Information, Euro Strength, Euro Weakness, Media Quotes, The Week Ahead Tagged With: Best EUR exchange rates, Best GBP/EUR exchange rates, Best UK exchange rates, Brexit, buying euros, currency transfer, gbpeur, Italian debt, the best exchange rates

When to buy Euros update: Brexit dictates GBP/EUR

May 17, 2019 by Daniel Johnson

In today’s update about when to buy Euros, we’ll see how Sterling has fallen in value against the Euro. This is because Prime Minister Theresa May seems to be destined for failure again, when she puts her draft Brexit deal before the House of Commons in early June.

Mrs. May’s deal has failed on three occasions and it seems there is little change from the previous proposals. I believe that the chances of the deal going through are slim.

Strong opposition to May’s Brexit bill impacts GBP/EUR

Titular heads from within and outside the Conservative Party have made it clear that they are in opposition to the current deal. This does not bode well for the next vote in the House of Commons.

GBP/EUR breached 1.17 recently, yet I was unconvinced that the rally would last. I was of the opinion that the rise was false. This is because it was based on positive talks between the Tories and Labour and getting a deal through, before the European Parliament elections held on 23rd May.

I believed there was little chance of this, and I feel the same about Mrs. May getting a deal through in early June. The Prime Minister has had more than two years to negotiate an acceptable deal, and even at this stage, it seems we are far from achieving that.

Brussels’ stance remains the same. The European Commission’s spokesman Margaritis Schinas recently spoke and stated that there would be no concessions made and the deal offered will remain the same.

The breakdown in talks between Labour and the Conservatives has not helped the Pound, and GBP/EUR now sits in the 1.14s. The recent movements show that the Pound to Euro rate is being dictated by Brexit news.

If we look EUR/USD, it is close to a yearly low. This is as investors seek to put their funds into safe haven currencies such as the US Dollar, in times of global economic uncertainty. Another catalyst is the weak economic performance in the Eurozone.

Is the Euro going to go up?

I think the Pound will remain fragile until we have firm progress on Brexit. Again, we are now below the 1.15 resistance point on GBP/EUR that held strong for 18 months, up to pre-March this year. Every time it was breached, the rates quickly retreated. It will be interesting to see if it holds up, moving forward.

Be aware that if Mrs. May resigns following the deal failing to go through Parliament, we could actually witness Sterling strengthen. This is because the Prime Minister’s leaving could be perceived as positive for Brexit negotiations, despite the fact that political uncertainty usually weakens the currency in question.

Let us pray that former Foreign Secretary Boris Johnson doesn’t gain power. He mis-sold Brexit and has tried to undermine negotiations at every opportunity. He is an example of a man with his own agenda, not that of the people.

If you have a currency requirement, I will be happy to assist. If you let me know the details of your trade, I will endeavour to produce a free trading strategy. During a period of such uncertainty, it is important to be in touch with an experienced broker, if you wish to maximize your return. We have tools at our disposal to make sure you do not miss out, if there is a spike in your favour.

If you already have a currency provider in place, drop me an email with what you are being offered. I am very confident I will be able to demonstrate a significant saving. It will only take you two minutes and I am sure it will be worth your while. You can trade in safety knowing you are with Foreign Currency Direct PLC, a firm trading for over 16 years and FCA registered.

If you would like my help, feel free to email me, Daniel Johnson, at dcj@currencies.co.uk. Thank you for reading.

Daniel Johnson

Filed Under: Economic Information, Euro Strength, The Week Ahead Tagged With: Best EUR exchange rates, Best GBP/EUR exchange rates, Best UK exchange rates, boris, Brexit, buy euros, buying euros, the best euro rates

Euro rate forecast: Will the EUR weaken on the EU elections?

May 14, 2019 by Jonathan Watson

If you’re interested in a Euro rate forecast, it might benefit you to know that the Euro is currently weaker, as investors brace themselves for more uncertainty, ahead of the European elections. The elections are due on the 23rd May, with the results due for the 26th.

Clients looking to exchange Euros into another currency, or indeed to buy Euros, should be very conscious of what lies ahead. There’s potential for the Euro to find itself in a volatile situation.

There has been a growing expectation that the market is preparing itself for a very uncertain period around the European elections. This is because investors seek to question the future political direction of the Eurozone and the European Union.

The Euro currency is already under pressure in 2019, following global economic concerns. These are embodied by the behaviour of US President Donald Trump, who has threatened the stability of the EU economy, with plans for tariffs on European automotive exports.

When to buy Euros

If you have a transfer to buy Euros, the European elections could see the Euro weaker. However, it will depend on which currency you are holding.

Clients who are holding Pounds to buy Euros, hoping for the market to rise, could end up disappointed. This is because the Pound looks like it will remain under pressure from the uncertainty created by the European elections.

If you’re holding the US Dollar or Australian Dollar and looking to buy Euros, the global events on trade will also be an important factor to consider. This will ultimately provide the markets with some added pause for thought.

The US Dollar is stronger, as the general expectation is that the US economy will come off the best from the trade wars. The Aussie is weaker, since it relies on exporting raw materials to the global economy. Concerns of a weaker economy may see the Aussie less stable.

If you need to make a transfer concerning the Euro, both buying or selling, there are a number of important events in the market to be very conscious of at present. If you wish to discuss some strategy and plans relating to your transfer, then please don’t hesitate to get in touch with me, Jonathan Watson, directly on jmw@currencies.co.uk.

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

Jonathan Watson

Filed Under: Economic Information, Euro Weakness, The Week Ahead Tagged With: Best EUR exchange rates, Best GBP/EUR exchange rates, Brexit, buying euros, currency transfer, EUR forecast, European elections, the best deal on euros against the pound, the best exchange rates

Buy Euros: Brexit talks fail, could GDP give Pound a boost?

May 10, 2019 by Tom Holian

In today’s look at when to buy Euros, I’ll tell you how the Pound has had a difficult last few days, after getting close to its best level in almost two years this time last week.

The Pound got close to hitting 1.18 last week, but fell just short, after it appeared as though the cross-party Brexit talks between the Tories and Labour were going well.

However, since the bank holiday weekend, the Pound has fallen by almost two cents. Sterling fell once again during yesterday’s trading session, when Labour leader Jeremy Corbyn claimed that Prime Minister Theresa May has done little to take things forward together.

This has seemingly put on hold any chances of Brexit being concluded in the near future, and is one of the main reasons for the Pound’s losses during the course of this week.

Later today, the UK will announce its latest set of GDP data, for the first quarter of 2019. The expectation is for an improvement from 1.4% to 1.8% year-on-year, so anything different is likely to cause volatility for GBPEUR exchange rates.

Pound v Euro forecast

Clearly, the Brexit uncertainty is still causing problems for the UK’s economy. However, I think owing to the good weather a few weeks ago, this could have had a positive effect on retail sales with consumer spending on the high street.

Therefore, we could potentially see some positive news for GDP and, if so, this could provide the Pound with a boost vs the Euro.

I have worked in the foreign exchange industry for one of the UK’s leading currency brokers since 2003. I’m confident that I save you money on exchange rates, compared to using your own bank or currency broker. I can also help you with the timing of your transfer, by keeping you up to date with market movements.

If you would like a free quote when buying or selling Euros, and would like to save money on exchange rates compared to using your own bank, then contact me directly for a free quote. I look forward to hearing from you.

Tom Holian teh@currencies.co.uk

Tom Holian
Having worked in the foreign exchange industry since 2003, longer than some of today’s currency brokerages have been in business, Tom draws on his considerable experience of the currency markets when writing his Euro exchange rate forecasts.

Filed Under: Economic Information, The Week Ahead Tagged With: Brexit issues, buying euros, Pound vs the Euro, Tom Holian, UK GDP data

Best time to buy Euros update: GBP to EUR breaks over 1.17

May 7, 2019 by James Lovick

If you want to know the best time to buy Euros, you might like to know that the Pound to Euro exchange rate has rallied higher, breaking over 1.17, on renewed optimism that a Brexit deal with cross-party support could be in the offing. Prime Minister Theresa May has set a deadline of tomorrow for when talks should conclude between the Labour and Conservative parties.

GBP vs EUR rates are likely to see considerable market reaction in these coming days, as the markets attempt to predict the final destination of Brexit. Any positive statements, suggesting that there is a deal that could command a majority in Parliament, could see the Pound rally higher against the Euro.

However, it is worth highlighting that Britain is still likely to be contesting the European elections on the 23rd May, and that could change the political landscape when it comes to Brexit. The Brexit Party, set up by Nigel Farage, is tipped to perform extremely well and this could see heavy losses for the Conservative and Labour parties.

Such a vote could act as a reinforcement that Brexit must be delivered, to the extent that it could pave the way forward for a harder type of Brexit. A strong win for Nigel Farage could also act as a springboard for his party, when it comes to the next UK general election.

Pound to Euro exchange rate forecast

UK Gross Domestic Product (GDP) numbers are released on Friday, which could act as a market-mover for the GBP EUR pair. There are growing signs that a lack of progress on Brexit is starting to have a negative impact on the economy.

Whilst unemployment is at record lows, which points to a healthy labour market, the worry is that economic growth may be starting to wane. A weaker set of numbers would likely see the Pound fall lower.

Meanwhile, in the EU, the economic picture has been improving of late. Italy has come out of its technical recession, with a better set of growth numbers, whilst France and Spain have also seen a positive jump higher. There had been concerns that Italy could remain in recession for an extended period, amidst recent political uncertainty. The positive growth numbers bode well for Euro exchange rates, going forward.

For more information on the Euro and assistance in making transfers, either buying Euros or selling Euros, then please contact me, James Lovick, at jll@currencies.co.uk.

James Lovick

Filed Under: Euro Weakness Tagged With: buying euros, Euro exchange rates, GBP to EUR, GBP vs EUR, pound to euro, selling euros

Pound v Euro forecast: What will happen next with Brexit?

April 21, 2019 by Tom Holian

In this Pound v Euro forecast, I’ll tell you that, with the Brexit negotiations having been extended until the end of October, I am now seriously getting to the stage where I don’t think that Parliament will actually be able to deliver Brexit.

Since December, we have gradually seen the Pound improving against the Euro, and the various Brexit deals that have been put in front of MPs have been repeatedly rejected.

With the 29th March deadline now having passed with the UK extending Article 50, I think the longer this drags out, the less likely that Brexit will actually happen.

The European Union clearly does not want the UK to leave the bloc, as it could potentially mean that other countries may look to do the same. This could lead to the end of the European Union in the future.

This is why I think the EU is not prepared to negotiate much further than what it has previously offered.

The House of Commons have not come up with much of an alternative to the current offerings, and I think that Theresa May’s attempt to get Labour to help with the talks are a waste of time.

Clearly, the personalties of May and Corbyn are unlikely to agree on much, so I cannot see the benefits of trying to cobble something together.

Should I buy Euros now or wait?

In the short term, I think the Pound will continue to come under pressure against the Euro until we get further into the year. So, if you’re hoping to see much of an improvement in Sterling’s favour, then you might be waiting for some time.

Therefore, the chance of the Pound recovering may rely on the Euro coming under pressure in the months ahead.

We certainly have a tricky period ahead for the single currency, with the Spanish general election due to take place next week. Political uncertainty will often weaken the currency involved, so if you have a currency transfer to make, then pay close attention to the Spanish election coming up soon.

If you would like to save money on exchange rates compared to using your own bank, then contact me directly for a free quote. I look forward to hearing form you.

Tom Holian teh@currencies.co.uk

Tom Holian
Having worked in the foreign exchange industry since 2003, longer than some of today’s currency brokerages have been in business, Tom draws on his considerable experience of the currency markets when writing his Euro exchange rate forecasts.

Filed Under: Economic Information Tagged With: Brexit negotiations, buying euros, single currency, Tom Holian

Euro forecast: Will ‘meaningful vote 3’ be confirmed today?

March 29, 2019 by Joseph W

In today’s Euro forecast, the focus will continue to be the Brexit discussions in the House of Commons. This is because, although today was the previously-expected official Brexit departure date, the details of the UK’s divorce from the European Union are yet to be finalised.

The extension is expected to last for at least 2 weeks, up until the 12th of April. The EU has previously warned that if a deal isn’t in place by then, there will be no scope for further extensions. So, Parliament will be keen to try and rectify the matter as soon as possible.

The discussions today will surround Prime Minister Theresa May’s withdrawal agreement and also alternative options, I would imagine. This is because, earlier this week, indicative votes on alternative arrangements failed to result in a clearly favoured option.

When to buy Euros

The biggest influence on GBP exchange rates at the moment remains this subject. This has been the case for much of the last 2-3 years. If May’s deal is voted in favour of, there will be an extension to the 22nd of May. So, it’s worth following today’s events in Westminster. If there is another confirmed vote on May’s deal then that would be the third, so perhaps it will be third time lucky for her.

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. 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 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.

Joseph W

Filed Under: Economic Information, The Week Ahead Tagged With: Bank of England, Best EUR exchange rates, best exchange rates, Best GBP/EUR exchange rates, Best UK exchange rates, buying euros, currency transfer, Eurozone, exchange rates, gbpeur, gbpeur forecast

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