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Currency Market News

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Euro takes a tumble
08 April 2014

When we talk about GDP we often think of a combination of industries that provide us with a clear message about the output of the country in question. The UK is no real escape artist from the reins of GDP and with everyone wanting to know if the economy has grown, the push is for the following of good data and figures seen recently.


The official figure is due next month; this estimate provides the markets with some alignment to where they could expect to see the official figure. Many analysts will remain eagle eyed to the data as the Pound is heavily influenced by such data releases.


Fairly recently we have seen the Euro hitting the buffers following recent announcements which gave the markets a fairly bleak outlook to what the ECB may consider for QE and other ways of providing the stimulus needed for the Eurozone economy. This has been somewhat controversial during the recent speech from the ECB governing body chair Ewald Notny, who had insisted this would not the route chosen in the short term. Many people remain scratching their heads, whether the European Central Bank have a clear path ahead. Any movements at the moment for the Euro are looking bleak as investors search for safe currencies.


Don’t forget if you are looking to send money overseas from the UK, particularly to the Eurozone, to begin that purchase of your dream home or any overseas land.  Speak with our dedicated brokers today to help you keep up to date and get the best of transferring money overseas.  

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