Sólo en caso de que si usted está interesado en tardyferon 80 mg precio sin receta puede echar un vistazo aquí medicinastradicionales.com/tardyferon-80-mg/ Donde usted puede tener un montón de consejos sobre cómo tomar forma adecuada

Helping you when buying or selling your overseas property

More »

Bank beating and award winning exchange rates

More »

 

GBP/EUR Climbs Off Positive GDP Data (Ben Fletcher)

This morning the latest Gross Domestic Product data for the UK revealed the economy grew 0.3% from quarter one for the year. This did cause a very small uplift taking the rate above 1.12 and finishing the day at 1.122. Whilst this is not much of a gain to really write home about, it is a good outcome from what had the potential to be negative. UK data of late has been poor with several releases being reported lower than expected. Even though there was only a minor improvement of 0.3% it is far better than a stagnating or even shrinking economy and furthermore a year after the Referendum vote we haven’t seen the economy collapsed as predicted by so many.

Where to next for GBP/EUR?

Next week the Bank of England will provide their latest interest rate decision from the Monetary Policy Committee. Once again this is expected to bring around no change however Governor Mark Carney could provide some insight into the future. Carney will provide a statement along with questions and answers after the decision, depending on his tone the rate will move.

An interest rate hike in the UK could be the catalyst to help the GBP/EUR rate return to the 1.14’s and talk of a hike next week could help that. Moving further forwards however there could be a long summer for Sterling as general trends suggest the pressure wont be released.

If you have a upcoming requirement you would like to discuss or ask any questions about my forecast please send me an email Ben Fletcher at brf@currencies.co.uk. Please write me a brief description of what you’re looking to do, I would be more than happy to share my thoughts to try and help you develop a plan that will enable you to maximise your transfer. I will aim to provide you with a response quickly, if you have a urgent query I can be reached on the trading floor at 44 01494 725353.

 

 

Sterling has little chance of Strengthening (Daniel Johnson)

Pound Problems

Sterling is in a terrible spot at present, languishing in the 1.11s on GBP/EUR at present. There are so many catalysts for Sterling’s weakness it will be very difficult to see any significant rally. We are now starting to witness the damage caused by the vote to leave the EU. Inflation in the UK has been on a rapid rise of late hitting 2.9%. There was the chance that the Bank of England were going to raise interest rates should the rise continue. The rumors of a rate hike had caused a bout of Sterling strength, but the latest figures saw a fall to 2.6% and the chances of a hike were diminished and the pound fell in value as a result.

Personally, I feel a rate hike is not a solution to the inflation problem and a drop in the data brings it closer to average wage growth at 1.8%. Which is a good thing. If average wage growth does not keep up with inflation, consumers will be more reluctant to spend and the UK could face a recession.

The International Monetary Fund (IMF) has recently downgraded the UK’s growth forecast which has not helped matters. Fifteen conservative MPs have signed a document supporting a vote of no confidence in Theresa May’s role. Political uncertainty historically weakens the currency in question.

Perhaps the biggest problem is the lack of direction in regards to Brexit negotiations, Hard or Soft Brexit. No doubt compromises will have to be made.

UK GDP Data 

UK GDP data is due in this morning at 9.30 and could cause volatility on GBP/EUR, expectations are for a small increase. If there is a fall Sterling could lose further value.

If you have a currency trade to perform  I will be happy to assist. It is crucial to be in touch with an experienced broker when the market is currently so hard to predict. If you let me know the details of your trade I will endeavour to produce a free trading strategy to suit your individual needs. Have confidence knowing you will be dealing with a brokerage in business for over 16yrs, Foreign Currency Direct Plc. We are a no risk entity as we do not speculate on the market and we are registered with the FCA. If you have a currency provider take a minute to send over the rates they offer and I am confident I can demonstrate a significant saving.  I can be contacted at dcj@currencies.co.uk . (Daniel Johnson) Thank you for reading.

 

Sterling Makes Gains Following Poor Eurozone Data (Matthew Vassallo)

The Pound made some inroads against the EUR today, following some worse than expected Eurozone data this morning.

Poor Manufacturing & Services figures caused the EUR to lose over half a cent against the Pound, which has given those clients holding Sterling some much needed respite.

Sterling’s recent poor showing can be attributed to a number of factors, not least the uncertainty created by our on-going exit from the EU and whilst many regular readers may sick of hearing about Brexit, unfortunately it is likely to drive investor confidence and Sterling’s value for many years to come.

If the current government can find some common ground and a softer exit than many expect is sought after, then Sterling could start to find a foothold and sustainable improvement against the other major currencies is far more likely.

However, with so many unanswered questions about where the UK economy is heading, then I would be wary about assuming that the current trend cannot last and an impending improvement is just around the corner.

Looking ahead at key data for the week and much of the markets focus will be on Wednesday’s UK Gross Domestic Product (GDP) figures and the latest Inflation Report hearings.

With an improvement in GDP from last month anticipated, expect investors to have priced in the predicted 0.3% growth to Sterling’s current value. Any figures above this level could also help to boost Sterling’s value after yesterday’s IMF report.

If you have an upcoming GBP or EUR currency transfer to make you can contact me directly on 01494 787n 478. We can help guide you through this turbulent market and as a company we have over eighteen years’ experience, in helping our clients achieve the very best exchange rates on any given market.

Our award inning rates can be accessed very easily over the phone and I can keep you posted with key market developments ahead of any prospective exchange you need to make.

Feel free to email me directly on mtv@currencies.co.uk to find out all the options available to you ahead of your currency transfer.

Mario Draghi and ECB To Dictate GBP/EUR Rate (Ben Fletcher)

Tomorrow could be one of the most volatile days in a short while with regards to the GBP/EUR rate. The European Central bank will reveal their latest interest rate decision, which is unexpected to change. However President Mario Draghi will speak afterwards and provide insights to the current and future economic conditions. There has been multiple different and some conflicting views from the ECB with regards to future policy and depending on what Draghi says tomorrow is likely to dictate the market.

If Draghi suggests there will be a tapering of the current economic stimulus then the GBP/EUR may fall below 1.12 once more providing a great window of opportunity for Euro sellers. Alternatively if the President argues that there still needs to be a heavy program in place then the Euro may weaken helping the GBP/EUR rate back towards the 1.14 level.

In total honesty tomorrow is a little bit of a gamble which will certainly have winners and losers. Sterling has been taking a beating of late with so much uncertainty and after the inflation data showed a slowdown optimism for a interest rate hike in the UK seems to have died off. Bad news for the Euro cold present one of the only methods in the short term for the GBP/EUR rate to rise. With that in mind nay movement towards the 1.15 level should be treated a scarce and acted upon.

When the markets are this volatile there will always be spikes and drops, making timing a transfer vital to maximise your funds. If you have any questions with my forecast above or would like to simply discuss an upcoming requirement you have please send me an email to brf@currencies.co.uk.

I would be happy to share my thoughts with you and I may be able to offer a viable solution to help you complete a trade. When looking to complete currency transfers small movements in rates can make the difference of hundreds if not thousands of pounds. 

 

Inflation data causes Sterling weakness (Daniel Johnson)

UK Inflation influences GBP/EUR

Investors are showing concern at the rapid rise in inflation. The uncertainty regarding Brexit negotiations has made  GBP/EUR drop to 1.1170 of late. The weak value of Sterling has caused imports to become more expensive. Importers are then raising the value of their goods up and these price increases are then passed on to the consumer. If consumers become reluctant to pay these higher prices this is when we could see a slow down in the UK economy. It is important to keep an eye on average wage growth, if average wage growth is not rising at the same rate as inflation there could be trouble ahead.

Consumer Price Index (CPI) data was  released yesterday. CPI is a is a key barometer for inflation. Inflation dropped from 2.9% to 2.6% and the pound fell against the euro as a result. Although sterling fell in value following the data release, I am of the view a drop in inflation is a good for the UK economy as  the closer to average wage growth (currently 1.8%) the better for the UK economy. The drop in Sterling can be attributed to the fact a rate hike is now unlikely as the rise in inflation was the reason members of the MPC were considering a hike. I am not convinced a rate hike would be the cure for the problem. In order to for the pound to strengthen substantially the  stance on Brexit needs to be made clear and we need a firm government in place without constant threats to Theresa May’s position.

A  soft Brexit could still be a possibility with the freedom of movement of people required in order to have free trade. There will be need to be compromise,  a big change  to the previous “have your cake and eat it” plan.

If you have a currency requirement I will be happy to assist. It is crucial to be in touch with an experienced broker when the market is currently so hard to predict. If you let me know the details of your trade I will endeavour to produce a free trading strategy to suit your individual needs. Have faith knowing you will be dealing with a brokerage in business for over 16yrs, Foreign Currency Direct Plc. We are a no risk entity as we do not speculate on the market and we are registered with the FCA. If you have a currency provider take a minute to send over the rates they offer and I am confident I can demonstrate a significant saving.  I can be contacted at dcj@currencies.co.uk . (Daniel Johnson) Thank you for reading.

Will the Pound to Euro exchange rate be impacted by this morning’s Inflation Data?

This morning at 9.30am there could be further movement for the GBP/EUR exchange rate, as there will be a key data release from within the UK.

The rate of inflation is being watched closely within the UK as the current rate is almost 1% above the Bank of England’s target of 2%, and many have been wondering whether the Bank of England will choose to raise interest rates in order to counter the negative affects of the higher inflation on the UK economy.

We’ve received mixed messages so far from the Bank of England and their voting patterns are also now not far from a 50:50 split.

Due to the plans for the BoE as a whole being unclear it;s difficult to tell which way the markets will react if this mornings reading comes out either higher or lower than the expected  2.9%.

The markets can react off the back of news releases such as this mornings, so if you are planning a currency exchange involving the Pound, do feel free to get in touch and make us aware of your plans so we can keep you updated if there is a big move for that currency.

Another factor that could impact the GBP to EUR exchange rate is the Brexit negotiations that are now underway. David Davis arrived yesterday looking unprepared compared with with his counterparts from the EU, and I think any announcements suggesting the talks are going badly could result in a sell-off of the Pound.

If you have a currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency. A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Joseph Wright) on jxw@currencies.co.uk and I will endeavour to get back to you as soon as I can.

Sterling Euro hits best rate this month (Tom Holian)

The rate to buy Euros has increased during today’s trading session to its highest level in weeks after the US released lower than expected inflation data. Earlier in the week Fed Chairlady Janet Yellen suggested that US interest rates may not go up as soon as some may expect as her softer tone helped the Pound make some gains.

However, the inflation data has also helped the Pound as it has led to a huge sell off of the US Dollar sending GBPUSD exchange rates to their highest level since September 2016. The Pound has been a big benefactor this afternoon of the news and this has helped confidence to return to Sterling at least in the short term.

Next week Inflation data is due to set the tone for Sterling to Euro rates with the release of Eurozone inflation on Monday and UK inflation on Tuesday.

I think we could even see a small drop in inflation levels in the UK and this in my opinion could bring with it some Sterling strength against the Euro. Potentially good news if you need to send funds to the continent.

If  you have a large currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency. A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Tom Holian) on teh@currencies.co.uk and I will endeavour to get back to you as soon as I can.

Volatile Day for GBP/EUR Rate (Ben Fletcher)

The Pound Euro exchange rate got off to a shocking start to the day dropping to a 8 month low in the 1.11’s. This followed of the back of a fall yesterday afternoon because two members of the Bank of England, reduced hopes of a interest rate hike coming in the UK. However this afternoon Sterling rallied with the rain gaining over a percent at the high moving back into the 1.13’s. Whilst many people were starting to brace for the worst with Sterling looking as it looked as though 1.10 was on the cards, everything changed.

The main reason for the movement was Bank of Italy Governor Ignazio Visco, who is a member of the European Central Banks Committee suggested the monetary policy stimulus in place will need to retain for the considerable future. Mario Draghi who is head of the ECB had previously talked about reigning in the stimulus as soon as September however that doesn’t seem likely. The currency markets are incredibly responsive to any unexpected moves, with the market movements often very sharp and quick. Today if you were looking to purchase €100,000 with Sterling a difference of an hour could have saved you over £1000.

Today there was also positive data for the UK as the Unemployment rate dropped to the lowest level since 1975. Furthermore Average Earnings in the UK came in better than expected, this was well received by the markets following last weeks poor economic data. If you have any questions with regards to my forecast above please don’t hesitate to contact me. I would be more than happy to discuss your requirement and provide a strategy that will work for your unique needs. I may also be able to offer a potential method of completing the transfer at some of the best rates available in the market. Please send me a brief description of what you’re looking to do at brf@currencies.co.uk

All eyes on Bank of England governor Ben Broadbent this lunchtime, will GBP/EUR see movement today? (Joseph Wright)

This afternoon at 12.00 BST a key member of the Bank of England will be speaking in Aberdeen, and this event will have the potential to move the stagnant Pound to Euro rate.

Those converting Pounds into Euros and vice versa have been left with a very flat market in recent weeks, with the pair moving no more than a couple of cents over the past month or so.

The biggest moves during this period of flatness have come in the wake of hints at future monetary policy by key policy makers in the UK. The reason today’s speech is being talked up within the financial media is because Ben Broadbent has kept his cards close regarding his outlook, whereas many others have already made their thoughts clear.

After a close vote last time around, where the voting members of the Monetary Policy Committee voted in favour of keeping rates the same by 5-3, some economists time think there could be a vote in favour of raising rates at the next opportunity on the 3rd of August.

The Pound is likely to climb should Broadbent join the hawks and talk in terms of a rate hike being good for the UK economy.

Tomorrows unemployment data at 9.30 could also result in market movement, so feel free to get in touch if you wish to be kept updated regarding this data release and what the expectations are.

If you have a large currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency. A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Joseph Wright) on jxw@currencies.co.uk and I will endeavour to get back to you as soon as I can.

GBP/EUR Rates Flat Despite Positive Comments Regarding Prospective UK Trade Deals (Matthew Vassallo)

It was a quiet day of economic data for both the UK & Eurozone and this was reflected in the movement on GBP/EUR exchange rates.

The Pound made marginal gains, moving the pair back above 1.13 at the high. The EUR continued to find support around this level, with investors seemingly waiting for the next major data release or media update regarding the economic standing of each economy.

Much of the media’s focus today was on the weekend’s G20 summit, with UK Prime Minister Theresa May talks with global leaders had been extremely positive. Her focus seemed to be trade weighted “struck by strong desires” to form new bi-lateral trade agreement following the UK’s separation from the EU.

Talks with India, China and Japan were all very positive, with US President Donald Trump saying the UK-US trade deal would be “a very very big deal and a very powerful deal”.

Despite these very bullish comments the Pound has made little impact against its Euro counterpart, which indicates that the markets remain extremely sceptical about the UK economies current status.

We have seen multiple false dawns, with Sterling threatening to make a move before retracting once again. I don’t feel that there is enough investor confidence in the UK economy to drive its value up sustainably under current market conditions. As such, clients should be looking for short-term opportunities despite the PM’s bullish stance over the weekend.

However, EUR sellers may be wise to take advantage of some of the rates of the past three years.

The current media focus seems to be primarily focused on the UK economy and our on-going Brexit struggles. At some point the attention is likely to switch to the Eurozone and with issues surrounding Greece and the current Italian banking crisis bubbling under the surface, we could see the EUR weaken as a result.

If you have an upcoming GBP or EUR currency transfer to make and would like to be kept up to date with all the latest market movements, or simply wish to compare our award-winning exchange rates with your current provider, then please feel free to contact me on 0044 1494 787 478 and ask one of the team for Matt.

Alternatively, I can be emailed directly on mtv@currencies.co.uk.