This week data from the Eurozone is fairly light but it seems reasonable to expect the Euro will remain on the back foot. Disinflationary pressures continue to leave a mark on the Euro, PMI (Purchasing Manager’s Index) data this week will give us some new information to work with but until Inflation can rise higher the spectre of Quantitative Easing or lower interest rates should rule out any strengthening of the Euro.
For assistance moving funds internationally including bringing Euros back from overseas please speak with me to discuss the various options available to you. Even though the Euro has lost lots of ground against a much stronger pound in 2014 (as you can see from the chart above) historically rates are nowhere near as bad for selling Euros as they were prior to the financial crisis.
It would seem reasonable to expect that so long as the UK economy continues on the current trajectory we will slowly see a return to more ‘historical’ rates for the Euro against the pound. Anyone selling a property or investment overseas and looking to return to the UK may wish to consider the ‘forward contract’ option. This will allow you to fix the price once a sale is agreed removing the uncertainty guaranteeing any pending UK purchase or investment.
Please speak to me to learn more about exploring the options available for your situation. Please email me on firstname.lastname@example.org