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
Currency news summary for the week
31 July 2015

At the start of the week it looked like the Euro was making a strong comeback against the pound and has dropped 3% after seeing 8 year highs, due to the reforms in Greece being negotiated at present. With positive data coming out in USA and Europe, US durable goods showed a rise from a predicted 3.0% to 3.4% in June adding the Dollar to gain ground throughout the day against the pound and claw back some losses which also helped the Euro strengthen against the dollar.

UK GDP released on Tuesday saw a predicted 0.7% reading up from the 0.4% in Q1 to show the economy is still improving and shrugging off rumours of a decline in UK growth, helping  the UK to raise interest rates by as early as the end of 2015. Interest rates are key for driving exchange rates higher as the pound becomes more attractive to investors strengthening the single currency.

On Wednesday Sterling gained back some more ground due to consumer credit growing from £1.6B to £1.2B and mortgage approvals up as well which throughout the day corrected back to the same levels. With the race now on as to who is going to raise interest first the US looks set to be the first and has been rumoured it could be as soon as September making the USD the most attractive currency to investors.

More bad news for the Euro as the IMF have backed off from the Greece negotiations until further reforms are met possibly leaving the Eurozone to fund the bailout, which could lead to a political fallout and the further decline of the Euro good news for anyone looking to Purchase Euros.

Bookmark and Share