Tag Archives: the best deal on euros against the pound
Euro weakness looks likely down the line, excellent rates selling Euros for Aussies and Dollars should be capitalised on
The Euro has been in and out of the headlines once again as various members of the ECB (European Central Bank) openly discuss the prospect of lowering further interest rates or even floating a negative interest rate to stimulate growth and lending in the Eurozone.
There is therefore a strong likelihood the Euro will weaken in the future so if you are selling Euros for the pound, USD or AUD now is probably a good time to move. If you ask me it has been too quiet in the Eurozone lately with there being a very high chance more problems are likely down the line.
On GBPEUR we are not quite at the best levels for selling euros for the pound but with the outlook not particularly positive for the Euro, if you have to sell euros for sterling moving sooner may be wisest to avoid disappointment.
The Australian central bank have said they may actively pursue a weaker AUD which could lead to better rates for the AUD but current levels are there or thereabouts the best we have had since the Summer. To break higher than the 1.50 we will need to something out of the ordinary and I think this spike is worth capitalising off if selling Euros since after such a strong move in one direction we are now bound to see some profit taking pull the market back.
For the latest news and information on the euro against other currencies please speak with the author directly on firstname.lastname@example.org
2 month high to sell Euros for GBP, 2 year high on Euros for Dollars! Will the Euro strengthen further?
As is often the case on exchange rates it is not necessarily a case of ‘which is best’, but which is the least worse! The euro seems to be winning this particular race at present thanks mainly to the dire state of affairs in the United States. In the last 29 days selling €500,000 is getting you an extra £11425.17!
QE makes the world go round!
A deterioration in the US economic outlook has fuelled investor confidence with the eurozone being a main beneficiary. So long as the US is pumping billions into the global economy investors will look for the best returns and European stocks and bonds offer a much better return than the UK or US.
The euro is for now benefiting from uncertainty in the US and this is presenting some excellent opportunities to sell euros that may not last. If you are selling a foreign property or get Invoices from the eurozone now is a good time to weigh up selling for sterling. In the last 29 days selling €500,000 is getting you an extra £11425.17 which is an incredible improvement and should not be easily dismissed in the hope of better deals.
If you are buying or selling euros for any currency, careful consideration of all of your options will help you to get the most for your money. We are confident of beating any rates offered by banks and other foreign exchange brokers so please call or email us for an instant reply. Over the years we have had thousands of clients contact us this way and we always go that extra mile to ensure they are truly getting the best deals.
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GBPEUR has remained relatively flat following the failed attempt to breach 1.20 two weeks ago. So where now? Will the rate go back and hit through this key level of resistance?
Currency considerations are an often overlooked but extremely important factor for anyone buying or selling an overseas property, paying Eurozone businesses or sending money abroad for any reason. Particularly on larger volumes, a small difference in the exchange rate can make a huge difference on the currency you receive.
Selling your overseas property?
Take this example. Say you have been selling a property in the Eurozone at €300,000 for the last 18 months. And you were offered €250,000 last Summer which you were tempted by, but did not make a move on because you thought it was a little low. Well now that same offer of €250,000 which last year at the worst selling rates was worth £193798.45, is worth £212404.41, over £18,000 more than last year.
This example just goes to show how exchange rate movements and understanding them can help you to capitalise on a situation. It is useful information too perhaps to present to European property sellers to help European property buyers to get a better deal. ‘Hey come on, your move back to the UK is much better now due to the exchange rate. Perhaps you will accept €240,000?’…
Businesses can benefit too
All too often businesses are caused headaches by exchange rate movements which can quickly erode the profit on what will surely have been a hard fought deal. We offer forecasting and tools to actually fix rates so that expenses and costs do not spiral out of control.
The Euro has actually been very settled in 2013 compared to 2012 and immediate crisis for now appears to be over. This is keeping the Euro firm. There are however a number of concerns hanging over the Euro which are preventing any major gains , hence the lack of any major independent moves.
The euro has really been driven by other currencies moves and this week is no different. If buying Euros with pounds Friday looks like a good day to me as we have the UK’s first estimate of Q3 GDP (Gross Domestic Product). This is likely to cause GBP strength and both buyers and sellers of euros should take note. 1.19 looks a real possibility….
For more information on the services and rates we provide please contact me Jonny on firstname.lastname@example.org
I look forward to hearing from you and helping you to save money.
The Euro has been strengthening of late against both the Pound and US Dollar. The rise in the rate has been around 1.75% from the lows we witnessed a couple of weeks ago. The US debt ceiling debacle weakened the Dollar and some negative news out of the UK has contributed to the gains against the pound.
Current levels are at 1.1795 against the pound and 1.3674 against the USD. Both represent good trading levels compared to where we have recently been trading at for selling Euros.
Due to recent events in the States the Euro has been performing well and should the US jobs data come out positive this afternoon you may find the Euro weaken off against both the Dollar and pound this afternoon.
In the Euro zone there is very little data out this week until Thursday when there is a host of manufacturing and services data due out. I feel that the data State side will have more of an effect as the Euro is strengthening in a risk sensitive fashion on bad data from other economies.
If you are looking at selling the Euro against a range of currencies please feel free to contact me at email@example.com or you may call me on the trading floor. if you ask for me directly I will give you our expert opinion on where we feel the rate will move in the future and explain how we can help you achieve a better rate of exchange than through your bank.
The Euro strengthened today against a basket of currencies causing some better levels to sell your Euros compared to last week. The Euro is around 1% better against the pound than this time last week and this represents a decent opportunity to sell your Euros.
There was a mixed bag of data out of the Euro zone during today’s trading session. Looking at Germany their trade balance was better than expected but their exports have weakened for the month of August. The markets were expecting a level of 1.5% but only came in at 1% which caused some Euro weakness early on in the day.Then late morning factory orders came out for Germany and was down for the month of August but significantly better from this time last year.
Things could get interesting tomorrow with industrial production figures out and at some stage the president of the ECB will be giving a speech. This could cause the most amount of volatility for Euro exchanges.
If you are buying or selling the Euro against the pound then UK GDP is out tomorrow afternoon. I feel that this could be positive and send the Euro down once again to levels where we were at last week spiking at 1.20.
If you are selling Euros then you may be wise to speak with us to compare our rates and understand the service we provide to help you make a saving on your exchange. We can help make savings of up to 4% over the banks which can equate to thousands of pounds.
I offer a very personal service to help you try and maximise your exchange by giving you the information needed to help you judge your timing. This is a service that the banks just do not offer. if you would like to get in contact with myself you may email me at firstname.lastname@example.org