Tag Archives: gbpeur
The Euro is enjoying a period of relative calm at present which is surely not going to last. Attention is currently focussing on the United States and whether or not we will witness further QE in the future. Whilst domestic demand in the US is improving it may be the decreasing demand from Europe and China which ultimately will lead to the injection of more QE.
The outlook in Europe is very much negative and the main reason the rates have not majorly trailed off is the belief and confidence Mario Draghi and the ECB will do ‘whatever it takes’ to ensure stability. The bad news is firmly out in the market and this is preventing further losses. I think however you would struggle to find many who expect the euro would not weaken again at some point in the future.
If you are selling a property overseas or are a business who will be receiving payments in euros in the coming months, it may make sense to book your currency rates in advance. Current Euro to GBP and Euro to USD exchange rates are very attractive based on historical levels.
If you have a currency transaction to consider involving the Euro or indeed any other currency why not make a free enquiry with us? As a firm of specialist currency brokers we seek to achieve the very best rates in the market and ensure you don’t miss out if markets move against you.
For a free, no obligation discussion of everything involved which may affect your rates, even if your trade is just a one off or well in the future, please contact me Jonny on email@example.com
I look forward to hearing from you and assisting you soon,
Sterling Euro has remained in a tight trading range today as data is limited. Tomorrow is the day where we’re expecting a little more volatility on the currency markets as the UK releases production data for both Industrial & Manufacturing sectors. Later in the afternoon the NIESR publishes its GDP estimate which is likely to influence the markets. With the recent release of positive data for the UK I would not be surprised to see this continue tomorrow and therefore push Sterling Euro requirements in an upwards direction.
The ECB has recently cut its own Eurozone growth forecast as it confirmed it would keep interest rates on hold at record levels on Thursday. The ECB has now predicted that the Eurozone will contract by 0.6% this year but it did insist that recovery albeit slow will occur in 2014. This has seen Sterling improve marginally against the single currency with the GBPEUR hitting levels of resistance at 1.1780.
If you need to make a currency transfer and want to ensure you are getting competitive exchange rates feel free to contact Tom Holian firstname.lastname@example.org
If you are buying property abroad but don’t need to make a currency transfer for a few months you may to consider buying a forward contract so for a more detailed explanation as to how to secure your currency in advance get in touch email@example.com
Foreign exchange is one of the most overlooked areas of foreign property. All too often both buyers and sellers alike will go to great lengths to negotiate the price and fixtures or fittings of a property then neglect to consider the impact of foreign exchange fluctuations.
I think this week will bring some good news for Euro buyers, bad news for Euro sellers. I expect that the pound will find some strength and the Euro will weaken as attention turns back to the problems in the Eurozone.
For too long now rates have been strong and whilst I have written a great deal about why this is the case (to read more click here), I do think rates will get a little better in the short term for Euro buyers.
Here at eurorateforecast.com we are specialist currency brokers writing about the market offering you an opportunity to maximise your currency exchange. We help save you money using two methods:
1 – We can beat the rates of exchange offered by banks and other brokers. You may be happy with the current deal you receive but a quick phone call or email to us would probably save you money! If you are sceptical and would like more information all you need to do is email firstname.lastname@example.org or call 01494 787 478 and ask to speak to me Jonny.
2 – We offer assistance with the actual timing of your exchange. Our personal proactive service means we take the time to learn the client’s requirements and work hard to ensure they don’t miss out on the best rates and latest news.
GBPEUR has already improved for Euro buyers this week and I would not be surprised to see it improve by up to another cent or two this week.
If you have a transaction to consider and would like more information on all your options and how to get the best rates of exchange please contact me Jonny directly on email@example.com or call 01494 787 478.
I look forward to hearing from you and assisting with the your currency transfers
Finally rates for clients buying Euros have improved. If you are buying Euros we are back at the best levels since January to be considering an exchange. Buying €200,000 is now some £5963 less costly than it was a couple of months ago.
Unfortunately this is not likely to continue in the coming weeks with added pressures on the pound and euro confidence returning. All too often those buying Euros think just because Greece or Spain is in the headlines that will translate into better rates on the Euro. This is not the case!
Why is the Euro so strong? Last year if you were looking to buy Euros for a property purchase you were probably budgeting on a rate of at least 1.20, more likely 1.25. Since that time confidence has returned to the Eurozone and Euro buyers are faced with rates today of 1.18.
There is confidence in Europe because of the belief that the ECB (European Central Bank) will do whatever it takes to help the countries that are in trouble. By offering to purchase the debts of Greece and Spain the ECB has give the market confidence. This major step last year has given markets confidence to invest in Europe and helps to explain why the Euro is strong.
The pound is still very weak and it may get worse! The UK has always relied on a strong global economy to create growth. From the days of the Empire to today, Great Britain needs people overseas willing to spend money on it’s products and services. The Eurozone being in recession is not good for Britain who relies on European orders to help the Manufacturing Industry.
The main driver on the Euro last year was the prospect of Greece or even Spain leaving. This has not materialised and is highly unlikely too as the ECB are now backing up the weaker nations. Problems in the Eurozone will continue to hit the headlines but I would not expect any moves above 1.20. If you have a requirement to buy euros in the short term I believe you are looking at an excellent opportunity at current levels.
If you are selling euros to buy another currency we could easily the rate improve slightly in the coming weeks depending on how the economic data comes out. All of the bad news is quite clearly in the market for the euro so we could see some profit taking in the short term which would help. If you are considering an exchange an understanding of what is driving your rate is crucial to helping you to achieve the best price. For the best rates and professional service or any information relating to moving money internationally at a good price, please feel free to contact me Jonny directly firstname.lastname@example.org
Today has the potential to be a busy day for GBP/EUR rates with a host of key data releases due to be released. First up at 9am we have the European Central Bank (ECB) Monthly Report. This release will contain how the ECB feel about the current economic situation in the Eurozone and the economic outlook. This always has the potential to move the markets if the ECB announce anything that was unexpected. Following this at 9:30am we have production figures for the UK. This gives a good overall indication of strength within the UK manufacturing sector. If this comes out either above or below the expected -1.6% then I would expect some short term Sterling strength or weakness respectively.
Arguably the biggest release of the day will be The Bank of England Interest Rate Decision at 12:00pm. I personally expect this to be a non event and have very little effect on the markets but for anyone who knows how the markets move they will know that an interest rate decision always has the potential to be a major market mover. It is my opinion I think that the BoE will keep interest rates on hold at 0.5% as we still have a very poor growth forecast. This will be followed by an announcement on whether we will see further Quantitative Easing (QE) in the UK. Quantitative easing is generally seen as negative towards a currency as it increases supply. Again, I can’t see the BoE announcing further QE this time around but these announcements are definitely worth keeping an eye on for anyone who has an upcoming GBP/EUR requirement.
We have a number of different contract options here that can help you safeguard your funds against adverse market movements. If you would like to speak with one of our knowledgeable, professional currency brokers then please feel free to contact me direct at email@example.com
The National Institute for Economic and Social Research yesterday claimed that the UK has avoided recession in the first quarter of 2013. This would make a triple dip recession unlikely but until the official figures come out towards the end of the month it is important to take this data with a pinch of salt. Indeed, the currency markets did not necessarily welcome the news as GBPEUR exchange rates fell below 1.17 yesterday and has opened this morning slightly lower.
The estimate thought that industrial production in the UK during February picked up as well as an increase in manufacturing but my personal thoughts are that as the weather has been so bad since the turn of the year I think we will see some poor retail sales figures announced shortly which could see Sterling exchange rates falling.
Last night the US Treasury Secretary Jack Lew has asked countries to do more in order to increase economic activity and therefore growth in an apparent dig at Germany. Germany seems to hold the key to the future of how Europe may perform as Lew believes that the ongoing problems in the Eurozone are causing concern for the US. However, all is not that rosy in Germany as exports fell in February as did imports which shows demand in Europe’s biggest economy is slowing.
In terms of exchange rates keeps your eyes on the minutes from the FOMC in the US tonight as this will give us a sign as to whether the Fed is thinking of changing economic policy. Any good signs for the US could see a fall in the value of the Euro creating some good short term buying opportunities if you need to buy Euros.
For further information and to receive a free quote please contact me directly via email Tom Holian firstname.lastname@example.org