Tag Archives: the best deal on euros against the pound

GBPEUR back above 1.33!

Expectations the end of better rates for Euro sellers have been thwarted this afternoon with exchange rates rising up and over 1.33 presenting excellent opportunities for Euro buyers. If you need to buy Euros now is a much better time than last year but might get more tricky later in the year due to the UK’s General Election. We could also see any resolution in the Greek situation causing the Euro to rise up higher too.

If you need to make any transfers buying or selling Euros why not get in touch to see if you could be getting a better deal? We are in business principally to undercut the banks and other sources so if you wish to look at getting a better deal or learn a bit more about the forecast on the exchange rate, please contact me Jonny on jmw@currencies.co.uk

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 jmw@currencies.co.uk 


What can we expect for the Euro before the end of 2014?

The Euro is likely to be the biggest loser in the New Year as investors fears over QE (Quantitative Easing) take hold. What exactly can we expect from the Euro in the New Year? Wel;l if they look at rolling out full blown QE then the Euro is highly likely to weaken significantly. When the Bank of England launched QE the pound lost about ten cents against the Euro. When the Federal Reserve Bank in the US launched QE it caused the dollar to weaken a similar amount against the pound and Euro. Why is this?

QE is where a central bank buys up government bonds and other investments from banks and brokers to boost their liquidity. It serves to increase the amount of money in the financial system and ensures that the financial wheels in an economy are turning. This move by a central bank serves to kickstart an economy and by increasing the money supply devalues the currency. Which also has a knock on effect of increasing demand for exports (goods from that country are cheaper), further helping boost the economy.

So if the ECB (European Central Bank) are deciding on how much of  a QE programme to launch in the New Year, it is reasonable to expect the Euro will weaken. Suffering from low growth and high Unemployment the Eurozone really is struggling and this seems more than likely to manifest in the New Year.

Making some careful plans and being aware of what will drive your exchange rate is always sensible on exchange rates. For more information please contact me Jonathan on jmw@currencies.co.uk

Euro rates improve

The Euro has strengthened a little against the pound owing to some weaker than expected GBP news. If you need to buy the pound with the Euro then getting the best rate is key to maximising your transfer. If you have any foreign currency transfers to consider then why not speak to me to find out about getting the best deals for any exchanges? We offer a range of services to help you maximise any transfers including proactive updates on the market and in depth forecasts on what to expect in the future.

If you need to buy any currency in the coming weeks please speak to me to learn more about the forecast for your transfer. I can help with the best deals and make sure you don’t miss out on any important news surrounding your transfer. You can contact me on jmw@currencies.co.uk

Euro rates more attractive again!

GBPEUR has risen as markets expect the ECB to launch further QE (Quantitative Easing) in the future. Just how big a volume of more QE will be released is currently of speculation but it is possible that the market has priced in bad news and as such the market will recover if the amount is less than some currently speculate.

All in all it is not a good time for the euro and if I had euros to sell I would strongly consider selling them sooner rather than later. The longer term forecast really does appear to favour both the US dollar and sterling so if you need to sell euros for either of these currencies, why not get in touch with us to find out more about what to expect in the future.

Please email me your situation on jmw@currencies.co.uk to get a full overview of the market

Mario Draghi’s comments will be in focus…

European central bankers are said to be disgruntled with Mario Draghi after it emerged that his management style is secretive. The Euro made some gains against the pound and dollar after US data today showed an increase in the Trade Balance figures. This caused the USD to weaken and the Euro to strengthen, pushing GBPEUR back safely into the 1.27′s.

Guessing just how this will pan out on Thursday is difficult but I would not be surprised to see the Euro weaken. If you need to sell Euros for the pound than it may be wise to move before Thursday’s decision, likewise if you need to buy Euros and want to see some improvements on the price, moving after Thursday’s decision is probably the best bet.

If you have any questions or queries on the market please contact me Jonny on jmw@currencies.co.uk

Will the Euro recover against the pound?

This week is a busy week and it may be that exchange rates move outside of recent ranges. The expectation longer term is for the pound to rise against the Euro since the UK appears to be on a stronger economic footing than the Eurozone. My personal approach would be to sell Euros on the dips in your favour to avoid potential pitfalls of the pound rising against the Euro in the future.

This week we have the Bank of England Minutes which are not expected to show much change, Thursday UK Retail Sales which I think could be a big market mover and Friday we have UK GDP, the first estimate for Q3 economic growth. Thursday we also have flash PMI surveys for the Eurozone which may well be market movers too, all in all plenty to move the market!

If you need to move any currency internationally now is a good time to make some careful plans regarding your currency exchange. For more information on the forecast please contact me Jonny on jmw@currencies.co.uk

GBPEUR drops! Have you made plans for the worst case scenario?

The pound suffered today as Inflation data showed a fall, meaning no real rise to raise interest rates anytime fast! This bodes well for anyone selling the Euro to buy the pound but I would be concerned if buying the euro with the pound since the exchange rate looks likely to fall if this continues.

Ultimately there are many factors affecting the pound lately including the fears of Ebola and the general deterioration in sentiments on the currency markets. For more information please contact me Jonathan on jmw@currencies.co.uk

Euro selling Opportunity

If you need to sell Euros you are looking at a very good opportunity currently. The Euro had weakened owing to a number of measures by the ECB (European Central Bank) to bolster growth and try to increase inflation. The ECB  has now had to embark on QE (Quantitative Easing) which has strangely caused the Euro to strengthen…

The Euro has weakened this year and this is presenting a good buying opportunity still. However with the likelihood being the pound and dollar will strengthen against the Euro longer term it would be very much worthwhile anyone selling Euros makes some firm plan to sell now. Historically speaking the rates for selling Euros are at a good level which will not last.

Many clients who are in the position of selling Euros for pounds or dollars are upset at not having moved earlier this year or last year when rates were much better. Unfortunately as time ticks on the pound and dollar are highly likely to continue to appreciate against the Euro, anyone thinking of selling Euros should be weary of the forecast and make plans. The recent move in favour of anyone selling Euros for GBP today is an example of a spike that should be capitalised on if you want to limit losses.

For more information at no cost of obligation please contact me directly on jmw@currencies.co.uk

The Euro should be the focus in October

GBPEUR and EURUSD movements have mainly been determined by the pound and dollar in the month of September. We saw the pound grab headlines owing to the Scottish Referendum and investors have been keeping a close eye too on USD news with the Federal Reserve seeking to raise interest rates in the New Year.

I would not be betting on the Euro doing too well this month although much more will be known tomorrow after the QE decision tomorrow. If you need to buy or sell the Euro keeping a close eye on the rates is sensible, if you are busy and don’t have time , why not call us to learn the latest news on the markets. Register your interest with me on jmw@currencies.co.uk



If you are selling Euros act sooner rather than later. (Ben Amrany)

Since the Scottish referendum the pound has been significantly strengthening against the Euro as all the uncertainty has been taken away from the UK economy. It has been around two weeks since the pound hit that low level of 1.2397 and is now back above 1.2750. For those in the need to sell Euros you may be wise to act sooner than later as it is unlikely that the pound will drop back to these levels. We actually expect rates to head towards the 1.30 level the closer we get to that all important interest rate hike in 2015.

We help many clients repatriate funds back to the UK at better rates than the high street banks and we will give you the information needed to help you decide when is the best time to make your conversion to help you minimise your risk to the market. We really do feel the longer you leave your position the worse the rate may get so you really should be looking at the options available to you to help you decide when to do your conversion.

With data thin on the ground over the next couple of days a Speech by the Bank of England Governor Mark Carney could give the pound a further boost assisting rates to be pushed up towards 1.28 and above for the first time in over two and a half years.

If you would like to discuss the service we can offer in helping you achieve the best rates of exchange then please feel free to contact myself Ben Amrany at bma@currencies.co.uk. I can explain all the options available to you and help you beat the rate of exchange that your banks offer.

Thank you for reading.

Ben Amrany

The Euro rate will probably weaken further

The Euro has been rather weak of late and if the ECB (European Central Bank) look likely to need to launch QE (Quantitative Easing) down the line. The UK and US are currently planning to raise their base interest rates whilst the Eurozone recently cut theirs. I do not feel this trend has finished and expect that the Euro will lose further ground this year.

The Eurozone is still struggling with issues and investors will be weary of holding too much money there, the USD and the GBP will offer much better attractions, particularly if they raise their base rates. For more information on what is likely to happen to the Euro and to discuss strategies on how to capitalise please contact me Jonathan on jmw@currencies.co.uk

The Scottish referendum is going to be a big event tomorrow, if you have not made any plans for this please get in touch as well to discuss how you can maximise your deal.