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
Euro strength tested
28 March 2014

The Euro took significant strength from this, and with a broadly weak Dollar also playing it’s part the Euro was suddenly flavour of the month and the destination for many investors. The Pound lost close to 3 cents against buying Euros and even lost ground against the Dollar to the tune of 2 cents.

However Sterling is much more resilient these days due to the UK economy’s situation, and it managed to hold its own despite this significant knock, levelling out and then holding position for most of the intervening period.

This resilience was then justified yesterday with the release of UK retail sales figures. Retail sales in February grew three times faster than analyst’s expectations, and provided Sterling with the necessary boost to jump back up to the levels of recent highs.

Today sees a couple of key data releases – UK GDP and German CPI inflation. GDP is always a major piece of news as an economy’s growth is ultimately the key factor behind its status on the markets. This is the third and final revision of last year’s last quarter’s figure, so no massive surprises are expected, but don’t be surprised if we see significant movement if any curve balls are thrown. CPI in its self is not wildly concerning to a currency, but its impact on possible interest rate changes is very important. Mr Draghi said inflation was fine and only going to improve – is he going to be proven correct?

Bookmark and Share