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 report 280812
28 August 2012

After the UK bank holiday, we head into the last week of August with a bleak scenario for the UK economy and perhaps therefore the Pound.

This morning's survey showing the important service sector shrank between June and August added to Friday's confirmation of the continuing recession. Although Friday's revised GDP showed a slight improvement, the 0.5% contraction is still way below the government's hopes for a quick solution and a return to growth seems a long way off.

Thankfully for those of you sending payments in Euros or US Dollars, both these currencies have so far remained weak too. Following meetings with Greek PM Samaras last week, Angela Merkel tried on Sunday to calm a growing Eurozone argument, after the Bundesbank again commented against ECB plans to buy bonds, and a leading German politician said Greece should leave the single currency next year. With the September decisions about Greece's bailout looming, there still appears to be no common policy emerging from Germany, let alone the rest of Europe, as to what will happen next.

The US Dollar also weakened last week on expectations that the Federeal Reserve may pump more money into the economy soon, giving us the best rates for buying Dollars for 3 months, and the South African Rand hits its cheapest against sterling since 2008.

How long these rates can last is of course unknown, but continued economic gloom in the UK will surely start to manifest itself in a weaker Pound at some point soon.

Bookmark and Share