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UK GDP figures give GBPEUR exchange rates a lift but not for long (Tom Holian)

UK GDP figures came out better than expected this morning but the gains for Sterling vs the Euro were very short-lived. The Pound gained by up to a cent against the single currency but shortly after the data release the market has fallen again.

This highlights the problems that the Pound is facing against the Euro as even with positive economic data this is doing little to help Sterling exchange rates.

Indeed, GBPEUR rates are still very close to their lowest point since 2011 and until the political landscape changes we could see further falls for the Pound vs the Euro.

This has presented some excellent opportunities to sell Euros to buy Sterling and I think we could see further problems ahead for the Pound.

My reasoning is that Bank of England governor Mark Carney recently spoke about the value of Sterling as did deputy governor Ben Broadbent and both didn’t appear to be too concerned about the Pound’s demise and I think this could end up leading to a potential interest rate cut at next week’s meeting.

Typically an interest rate cut leads to a weakening of the currency involved so we could see GBPEUR rates fall if the Bank of England decides to cut interest rates.

If you’re buying a property in Europe before the end of the year then it may be worth buying a forward contract which allows you to fix an exchange rate for a future date.

Having worked in the industry since 2003 not only can I offer you better exchange rates than using your own  bank but also help you with the timing of your transfer.

If you have a currency transfer to make and would like further information or for a free quote when buying or selling Euros then contact me directly and I look forward to hearing from you.

Tom Holian


UK GDP Data could cause volatility on GBP/EUR. (Daniel Johnson)

Sterling Forecast

This morning at 09.30 we will see the release of UK GDP data. There is a large amount of uncertainty surrounding the UK economy following Brexit. Such as immigration affecting labor and production, inflation due the value of the pound and most importantly trade negotiations. If the Comprehensive Economic and Trade Agreement (CETA) between Canada and the EU is anything to go by negotiations may well last a considerable time longer than the expected two years.

The CETA deal has been negotiated over seven years and is currently being held up by a small region in Belgium, Wallonia, who’s representatives have fear of globalisation. If such a small region can hold up such large negotiations and considering Francois Hollande and Jean Claude Junker have already stated they will be taking a tough stance on trade negotiations I think there is the possibility of a further decline for the pound.

This being said I think the fears surrounding the future of UK will cause a drop in GDP data. The general consensus is there will be a fall, so it may be factored into the market. If the drop is larger than expected however expect the pound to decline.

If you have a currency requirement I will be happy to assist. I am in a position where I can confidently say I will beat any competitors rate. I will also come up with a trading strategy to suit your needs. Let me know the volume, time scale and currency pair and I will be in touch to help. Please do not hesitate to get in touch by e-mailing me directly at Thankyou for reading my blog.

Sterling Euro exchange rates drop off a little following comments from Carney that he may leave (Daniel Wright)

The Pound lost a little ground over Euro exchange rates during trading yesterday afternoon, following comments from Governor of the Bank of England Mark Carney suggesting that he may step down in 2018 when his contract comes up for extension.

This may have been seen as the captain jumping from a sinking ship to the markets which may be why we saw Sterling drop off immediately, only to see a slight recovery later on in the afternoon once head of the European Central Bank had also commented about his plans for the economy in the Eurozone.

Draghi mentioned that he felt that the recovery had been moving along well and that he did not feel the need to announce any sweeping changes to this, but I personally feel that it would be a surprise not to see the QE program extended which may weaken Euro exchange rates in the coming months.

We are fairly light on economic data for today however I would keep a keen eye on Gross Domestic Product (Growth) figures for the U.K due out tomorrow morning at 09:30am.

If you have the need to exchange Pounds into Euros or indeed Euros back into Pounds in the coming days, weeks or months then it is imperative that you use an established, efficient and proactive broker for your exchange. I can help you with this personally, I have been working for one of the largest brokerages in the U.K for almost 10 years now and will be happy to help you. Feel free to email me (Daniel Wright) on and I will be on contact in due course.


GBP/EUR Rates Slide During Tuesday’s Trading (Matthew Vassallo)

GBP/EUR rates have dropped once again, ending Sterling’s mini recovery over the past few days. Sterling lost value as rumours surfaced ahead of Bank of England (BoE) governor Mark Carney speech that we were going to hear a dovish tone, which the markets immediately took as a negative for the Pound.

Whilst his comments were not overly positive he did mention a prospective interest rate hike due to UK Prime Minister’s prospective policy changes and this helped boost Sterling’s value and eliminate some of the afternoon’s losses.

GBP/EUR rates dipped to a low of 1.1132 but recovered back towards 1.12 following Carney’s speech. We’ve seen Sterling threaten a mini recovery on more than one occasion and European Central Bank (ECB) president Mario Draghi’s speech also curbed any further Sterling advances, as he commented on the current Quantitative Easing (QE) programme and how he felt it was having a positive effect.

I just feel that under the current market conditions the Pound will struggle to make any sustainable impact until at least next year, when key political elections and other factors in the Eurozone may start to drag the EUR value back down. If I was holding EUR I would still look to protect the gains I’d made and with a key data release tomorrow for the UK (UK Gross Domestic Product figures released at 09.30), I expect to see further market movement during Wednesday’s trading.

If you have an upcoming Sterling or Euro currency exchange to make and you are concerned by the increased market volatility of late, it may be wise to look at protecting the gains you’ve made, rather than gamble on what has become an increasingly volatile and unpredictable market.

If you would like to be kept up to date with all the latest market movements ahead of your currency exchange, 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

Buying Euro rates subject to heavy movement later this week (Joshua Privett)

A combination of factors point to the very strong likelihood that buying Euro rates of exchange will see some serious movement this week, counteracting the recent stagnation pervasive in the marketplace.

Firstly Mark Carney, the Governor of the Bank of England, is scheduled to speak this afternoon at 3:30, and markets will be on the edge of their seats as they wait for any indications on upcoming policy shifts or continuations.

The last time he acted he announced a fresh bout of QE and an interest rate cut in the UK economy. At the time this was to stave off the impact of any shock-waves from the Brexit vote. However, since then the Pound has weakened considerably due to multiple factors, including Theresa May’s recent announcement of a March deadline for enacting Article 50 – the formal process for leaving the EU.

As the incentive to intervene further has waned, given that any further emergency measures would undercut the Pound further and devalue it to the point where it is no longer a boon to exports but a concerning drag on UK performance, markets are expecting a more cautious and measured tone today which could see a boost to the Pound.

Furthermore, on Thursday we have the first look at UK growth figures since the Referendum, and markets will be looking to see just how close to recession the UK currently finds itself in.

Market expectations are for a fall down to 0.3%, which is more than halved on what was previously a relatively slow quarter in the run up to the Brexit vote anyway.

Any figures slightly lower than this, even by 0.1% or so, in this currently hypersensitive market, could lead to falls akin to, but unlikely to the same extent as, the flash crash just over two weeks ago.

So areas of opportunity and risk are presenting themselves this week to summarize, and with the above analysis, Euro buyers may be wise to seize any tempting opportunities which emerge over the next few days.

You can contact me directly on to discuss a plan of action for your transfer aimed at safeguarding your currency exchange against any adverse movements and seizing any opportunities which do emerge.

I have never had an issue beating the rates of exchange on offer elsewhere, so a brief conversation could save you thousands on your transfer. You can also call me directly if your requirement is more urgent – simply ring 01494 787 478 and ask the reception to be put through to Joshua.



Will GBPEUR fall below 1.10 this week?

GBPEUR has risen a little but will this continue? The expectation for the pound is that it will remain under pressure in the coming months and weeks as we continue to be drip fed news of the Brexit. The vote is finally starting to be felt in the public area with the falling pound effecting the price of consumer goods. Inflation rose last week and whilst this was good news in some respects leading to sterling rising the expectation is that the Bank of England will not be looking to raise interest rates anytime soon.

The pound has lifted against the Euro but I do not feel this will last. I firmly believe some of the wider concerns around the pound will lead to sterling falling. Thursday is the key date with important economic news on the UK economy in the form of UK GDP – Gross Domestic Product figures. Essentially the markets are looking to hear the latest news on the pound and the UK economy. This GDP release is the first estimate for Q3 on the markets and will be the first assessment for markets to gauge how the UK economy was performing following the vote.

If you need to buy or sell the pound Thursday’s data is for me the most important, I know investors will keenly watch what is happening with this data to make decisions. If you need to buy the Euro I think this might actually help you but it will be short lived. I cannot see how the longer term situation for the UK won’t lead to the pound falling and I would expect GBPEUR to fall sub 1.10 in the near future.

For more information at no cost or obligation please speak to me Jonathan by emailing and I will be happy to help with your trading and any plans.

Sterling ends its positive run against the Euro after ECB Comments (Tom Holian)

Sterling Euro exchange rates fell by over a cent during today’s trading session as European Central Bank president signalled that the central bank would be looking to end its current QE programme in December.

The current plan is to end QE in March but suggestions that it may finish earlier caused the Pound to fall dramatically against the Euro during this afternoon’s trading session.

After seeing the Pound make gains vs the Euro earlier this week as UK inflation data came out higher than expected this announcement by the European Central Bank has caused another problem for GBPEUR rates.

Rather than economic data it is clear that political data that is causing Sterling Euro exchange rates to move and today’s announcement by the ECB is another influential factor.

Today UK Prime Minister Theresa May arrived in Brussels for her first EU summit since taking over from David Cameron and over the next few days I’m sure this will cause further movements for Sterling Euro exchange rates.

Theresa May went on to say ‘I’m here with a very clear message…the UK is leaving the EU but we will continue to play a full role until we leave…it’s in the interests of both the UK and the EU that we continue to work closely together, including at this summit.’

Since May has taken over office often when she comments this often causes the Pound to fall and I would not be surprised to see further negative news for the Pound vs the Euro during this summit.

Sterling Euro is clearly under a lot of pressure at the moment mainly caused by political factors and this is unlikely to change before the end of this year so if you need to buy Euros during this period it may be worth looking at buying a forward contract which allows you to fix an exchange rate for a future date.

Having worked in the foreign exchange industry since 2003 I am able to offer you bank beating exchange rates and also help you with the timing of your transfer.

If you have a currency transfer to make and want to save money when buying or selling Euros compared to using your own bank then contact me directly for further information or a free quote and I look forward to hearing from you.

Tom Holian

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Theresa May could face a grilling at today’s EU Summit (Daniel Johnson)

Sterling Forecast

Today will see the Theresa May’s first visit to the EU summit. It is highly likely she will face some tough questions with regards to the exit strategy from the EU. This could well cause swings on GBP/EUR over today and tomorrow. Trade relations and the uncertainty surrounding negotiations are the key factor behind Sterling’s fall in value. Francois Hollande and Jean Paul Junkers made their stance clear stating there would be no negotiations until article 50 is invoked meaning a hard brexit is now almost inevitable, which is not good news for the pound.

Theresa May has announced article 50 will be invoked before the end of March and many analysts have predicted GBP/EUR could be at 1.05 by Christmas.

There are other factors to take into account however, namely the serious problems in the Eurozone being swept under the carpet by European Central Bank president, Mario Draghi. Greece’s is debt crisis seems to have been neglected of late in the press but is a serious issue for the Eurozone that won’t go away. Also we have €360bn in bad debt from Italian banks, inflation throughout the bloc is shocking and there is the threat of further referendums. If one of these problems rears it’s ugly head the Euro could take a plunge.

If you have a currency requirement it would be advisable to get in touch with an experienced broker. The market is very volatile at present and if you are buying Euros at present the opportunities are slim and far between. If you have our assistance we can act quickly using contract options to maximise your return and significantly undercut the banks rates. I am so confident in our ability to provide the best rates of exchange I am prepared to provide a comparison with any competitor to demonstrate potential savings. If you would like my assistance please do get in touch by e-mailing me at




What to expect tomorrow for GBPEUR exchange rates (Dayle Littlejohn)

With the ECB set to release their latest interest rate decision tomorrow at 12:45 tomorrow I expect a volatile trading session for GBPEUR exchange rates. The interest rate decision itself, I expect will be a non event as rates are sitting at record lows (0%). However it’s President Mario Draghi’s speech shortly after which should cause peaks and troughs in the market.

The major talking point will know doubt be the quantitative easing program that is set to run until March 2017. It’s been reported that the Q.E. program has had a positive impact on the economy therefore I wouldn’t be surprised to see an extension at some point. This is bad news for Euro sellers as an extension should provide euro weakness.

However its looking unlikely that Mr Draghi will extend the program and time soon therefore I expect the pound to continue to fall against the euro until the end of 2016.

If you are buying euros in the short term many clients do not realise that they can lock into exchange rates now and pay later if they do not have all of their sterling available. This contract is known as a forward contract.

For more information in regards to the currency market, forward contracts or how I can achieve you the best exchange rates, feel free to email me with your requirements, timescales, the best number to reach you on and I will give you a call to discuss your options

** If you are already using a brokerage and would like to know if you are receiving the best rates possible email me with the exact figures and I will reply with our live price. This will take you a few minutes and in the past I have saved clients thousands! **

Sterling Rallies Ahead of Tomorrow’s UK Unemployment Rate (Matthew Vassallo)

Sterling received a welcome boost during Tuesday afternoon trading, with GBP/EUR jumping by over 1%, hitting a high of 1.1218.

Despite the pair falling below this threshold by the time of writing, those clients holding GBP will be buoyed by the better than expected UK inflation data released this morning.

The key question now is whether this trend will continue into tomorrow, or is this yet another false dawn for the Pound? Much will depend on tomorrow’s UK Unemployment rate (expected to remain unchanged at 4.9%), followed by Thursday’s Retail Sales figures, both of which are considered key release’s by investors and are likely to impact GBP/EUR rates.

The markets have now, to some extent, factored in the UK’s decision to exit the EU and this will be integrated into the current GBP/EUR exchange rates. Whilst the Pound is clearly fighting an uphill battle, UK Prime minster Theresa May has laid her cards on the table and therefore there is an argument to be made that the only way is up for Sterling?

Personally I still feel that whilst there is uncertainty surrounding how we will facilitate our Brexit and what trade deals will remain with the EU, the Pound will struggle to make a sustained move above 1.15 but with it currently finding protection around 1.10 and above, EUR sellers may have reached their optimum opportunity and should take advantage of the near 5 year highs.

However, it is likely to be Thursday’s European Central Bank (ECB) interest rate decision and subsequent monetary policy statement which will have the most influence on those clients holding the single currency. Whilst rates will likely be kept on hold at 0% it is ECB president Mario Draghi’s subsequent speech, which investors will be monitoring closely. Any indication of a future change in interest rates, or bullish or dovish statements could cause additional volatility on EUR exchange rates.

If you have an upcoming GBP or EUR currency requirement the current levels are a stark reminder as to how important it is to be kept up to speed with key market movements, ahead of any prospective currency exchange. The current levels may not be around for long as the currency markets can move aggressively and without prior warning and this is where a proactive broker can help you time your trades and maximise your currency transfers.

If you 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