Tag Archives: the best deal on euros against the pound
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 firstname.lastname@example.org
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 email@example.com
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 firstname.lastname@example.org to get a full overview of the market
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 email@example.com
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 firstname.lastname@example.org
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 email@example.com
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.