Thank you, you should receieve a reply shortly.
Submit your details above and we will contact you with a competitive exchange rate from an FCA-regulated specialist
  • Pound up after sterling May speech

    23 January 2017

    It was an exciting and action-packed last week for investors and traders alike, not only here in the UK but also across the pond.

  • Attention turns to the Bank of England today

    03 November 2016

    Yesterday was a relatively quiet day in the way of data, the morning posted a positive October figure of 53.5 for EUR Markit Manufacturing PMI...

  • Euro rates through 2015

    02 December 2015

    The year of 2015 has been extremely volatile for the sterling - euro currency pair exchange rates. At the start of the year, in January, one Pound was worth just over 1.27 Euros - 14 cents lower than now as we head into the last month of the year.

Currency Market News

Our blog is below, to help you understand what's moving currency rates and affecting the cost of your international payments. For some friendly guidance on your own transactions, either for your business or yourself, simply fill in the form above and an FCA-regulated currency broker will be in touch to assist you, without any cost or obligation.

Back to News
Bank of England cuts growth forecast
08 August 2012

The Bank of England has today cuts its forecast for UK growth to 'near zero' for 2012.


In a damning indictement for the UK economy, Governer Mervyn King says there will be no growth for 2012, compared with the 2 per cent rate predicted a year ago.


The ongoing Euro debt crisis has been blamed for much of the gloomy outlook. Perhaps surprisingly, the Pound has in fact benefitted from the news, giving us better exchange rates for international payments, becuase analysts had feared that the Bank's prediction could turn to negative growth for the year. With much trouble still ahead, buyers may want to consider taking advantage of what may be a temporary spike in exchange rates.


If interest rates are cut or QE is extended at the next Bank of England meeting, we could easily see sterling fall back.

Bookmark and Share