Tag Archives: the best deal on euros against the pound

GBP/ EUR exchange rate finished the week on 1.38. (Dayle Littlejohn)

It has been a mixed week for GBP/ EUR exchange rates with highs of 1.4021 and lows reaching 1.3812. Sterling gained momentum at the beggining of the week off the back of news that the conservative party formed a majority governement.  The rates then fell when the Governor of the Bank of England  unveiled his quarterly inflation report. Inflation for the second month was at 0% well below the banks 2% and very close to deflation. Mark Carney and the BoE then went on to cut the 2015 growth forecast from 2.9% to 2.5%.

For clients who were looking to purchase €200,000 this week they could have made it £2,000 cheaper by trading at the high compared to the low. If you are looking to trade sterling to euros in the upcoming weeks feel free to email me for  a forecast drl@currencies.co.uk or alternatively call into the office 01494 787 478 and quote Dayle Littlejohn.

The GBPEUR slide begins!

Well it has started, as expected. You cannot say we didn’t warn you, the pound is beginning to weaken against the Euro as we have been expecting for a few weeks. GBPEUR has hit 1.37 after being over 1.40 earlier this week. Can you really afford to ignore these changes? The reason is twofold, sterling weakness ahead of the election and improvements in some Eurozone data helping the Euro to climb against the peers.

If you need to buy any Euros I think moving sooner is sensible, if you are selling Euros for sterling it might be worth holding on to wait for some improvements. If there is anything I can help with in terms of the timing of such transfers why not get in touch? I am sure I can offer some useful practical assistance and information to help you get a better deal. For more information on your situation please email me Jonathan on jmw@currencies.co.uk

When should I sell my Euros for pounds? Euro selling opportunity!

I think that if you need to sell euros for sterling you are currently looking at an excellent opportunity. Selling euros has been a stress in 2015 as the Eurozone launched their QE programme and Greece has been back in the headlines. It seems that those issues are unlikley to go away and the Euro is going to continue to be under pressure. With that in mind if you need to sell Euros for the pound moving sooner during the uncertainty of the UK’s General Election seems sensible.

I can help with the planning and execution of any international money transfers you need to make. As well as offer an exchange rate better than your bank we can also help with the timing of any currency exchange. For more information please contact me Jonny on jmw@currencies.co.uk

Sterling set to weaken against the Euro (Dayle Littlejohn).

Over the last 3 weeks Sterling has lost 6 cents against the Euro. For anyone looking to purchase a €200,000.00 property abroad it will not cost you an extra £6300 compared to the high 3 weeks ago and i’m of the opinion it will only get worse.

With the 2nd of the live debates tonight at 8pm, I believe the smaller parties will get the upper hand which will lead to further political uncertainty.   Furthermore I am of the opinion week by week Sterling will continue to weaken against the Euro and the inter bank level will fall to 1.33/ 1.34 by May 7th.

If you are buying a property abroad in the upcoming months my advice would be to buy currency upfront. If you do not have the Sterling available you can still lock into today’s rates and pay later. For more information feel free to email me on drl@currencies.co.uk or alternatively call 01494 787 478.

Will GBPEUR hit 1.40 again?

The foreign exchange market is a very fickle beast, sometimes markets can fluctuate quickly and unexpectedly. The current market is one such market with exchange rates very difficult to predict and very likely to fluctuate. Therefore if you need to buy or sell Euros for sterling being prepared is the only way to benefit, simply ‘hoping’ rates will go the way you have planned is not good enough and will often lead to disappointment!

The next few weeks will see economic data released and political uncertainty from the UK’s General Election and also the Greek situation as well. Keeping up to speed with all the latest news is the only way to really make the most from your currency exchange. If you need to buy or sell the Euro please contact me Jonny on jmw@currencies.co.uk for all the latest events and news that will affect your rate!

Will GBPEUR reach the 1.42 again?

GBPEUR is likely to climb higher again in the future I feel and this will be due to movements on EURUSD. As investors anticipate the US will raise interest rates they are pouring funds in to the safe haven currency and it is appreciating value. As the dollar gains momentum much of the funds arriving in USD are as Euro. Investors are selling off Euro positions and holdings to buy the Euro in anticipation of an even stronger USD in the future.

EURUSD is expected to break parity in the coming months and some forecasts have the pairing hit 0.9 and 0.8 longer term! Sell your Euros now is I think the only way to avoid some seriously heavy losses longer term! If you wish to get an update on the market or discuss anything relating to your exchanges please contact me Jonathan on jmw@currencies.co.uk to learn more.

Can you really afford to risk holding on to sell Euros?

Once again today we have seen a further deterioration in the price of Euro as investors fears over exactly where this is headed firms up. Just think if you were an investor would you prefer to have in say 6 months or a years time the a) Pound, b) Euro or c) the USD? I think to ask most people you would recieve the least answers b) as the future for the Euro looks very uncertain. So now we are in the midst of yet more uncertainty which is likely to cause yet further turmoil on the markets.

If you need to the pound or dollar with the Euro moving sooner might be best to avoid yet further losses. This might be a painful pill to swallow but it might be worse in the future! For more information on securing your currency at the best rates of exchange please contact me Jonny on jmw@currencies.co.uk.

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