Euro Rate

[Dominic Butcher]

The markets have been highly volatile over the last week which has come about due to the budget release in the UK.

We have seen lows of 1.1132 but highs of 1.1356 making it very difficult to predict the short-term trend for the pound/euro exchange rate...

If you have any questions just give me a ring and I will be more than happy to help. My number is +44 1296 339811 or you could drop me a quick email (dominic@escapecurrency.com)

[AndyP]

Euro business rate up to 1.16 today !!

Keeping going up especially for all you Phase 2 completions

[pvo]

According to the BBC website today: 1.1755 Euro to 1 GBP.

Long may it continue to rise...particularly up to completion :-)

Pete

[Dominic Butcher]

The pound is rising, close to breaching 1.18 against the euro for the first time in a long time...

Keep your finger on the pulse by following me at http://ukforexupdates.blogspot.com/ for an up to date market review throughout the week

If you have questions or queries just let me know, dominic@escapecurrency.com or +44 (0)1296 339811

[Dominic Butcher]

The pound has gone up to 1.1879 today looking as if it could breach 1.19 sometime soon. This could be a great time to start putting in limit orders for those facing completion in the near future to make sure you get the price you need on any exchange...

Any questions just let me know and drop me an email; dominic@escapecurrency.com or give me a ring on +44 (0)1296 339811

[Dominic Butcher]

The pounds recent rise has stumbled... I dont like to be the bearer of bad news but with reports showing the UK economy contracted by 2.4% in the last quarter the rate has fallen to 1.1679. We saw high 1.18's last week but this fall is an indication of what we are looking at the moment in terms of high volatility.

I know it must be hard for those of you looking to complete at the moment but I am more than happy to answer any queries you may have. Just give me a ring on ++44 (0)1296 339811 or drop me an email dominic@escapecurrency.com

[Dominic Butcher]

The £ has continued to fall since yesterday...The rate has gone below 1.16 again making it very difficult to plan for the next couple of weeks if you have completions coming up.

There are loads of options to try and help in situations like this so get in touch and I will be more than happy to help. ++44 (0)1296 339811 or dominic@escapecurrency.com

[Dominic Butcher]

Hope you all had a good weekend, the rate has stayed low over the weekend still sub 1.16. There is a possibility of this getting worse over the next couple of days with more poor economic data expected for the UK economy.

At times like this it is a good plan to set a a target and stick to it otherwise you can be watching rates hoping for that little bit extra only for it to slip away at the last minute....

Any questions just let me know, dominic@escapecurrency.com or ++44 (0)1296 339811

[Dominic Butcher]

Relatively quiet week on the markets as the Bank of England announced no changes to its current economic policy. Rates have stayed arounf 1.16. We are just waiting for that bit of news which will hopefully push it higher.

Any questions drop me an email; dominic@escapecurrency.com or give me a ring ++44 (0)1296 339811

[Dominic Butcher]

After falls close to 1.15 last week the pound has made a steady recovery this morning, up to 1.1650+. UK inflation fell to 1.8% from 2.2% and this has caused the upturn in Sterling's fortunes.

Any questions just let me know, dominic@escapecurrency.com or give me a call ++44 (0)1296 339811

[Dominic Butcher]

After a pretty stagnant week with the rates the pound has started to lose ground this morning after the IMF warns that Sterling is at risk.... They are worried by the ever-increasing debt in the UK and without any plans to reduce this they are expecting some pressure in the near future. One report I have read points to Sterling falling closee to parity again in the medium term.

Any questions just let me know, dominic@escapecurrency.com or ++44 (0)1296 339811

[Dominic Butcher]

Last week data was released showing the UK economy contracted by 0.8% in the last quarter, this was twice as bad as initially forecast. However, on a lighter note the pound didn't lose too much value. It was obviously harmed by this data but it stayed relatively strong against the Euro. This is a good indication of the problems also facing the Eurozone economy....

If you need an in depth chat about the markets at the moment don't hesitate to give me a ring on ++44 (0)1296 339811 or send me an email dominic@escapecurrency.com, I am more than happy to answer any questions you may have.

[Dominic Butcher]

More good news for the pound this morning after the Hosuing market is predicted to recover slowly in 2 years time. Even though this might seem a long way away, its a positive sign that the housing market will actually recover!! The pound is climbing up past 1.17 at the moment...

Any questions let me know; ++44 (0)1296 339811 or drop me an email, dominic@escapecurrency.com . Alternatively you can now follow Escape Currency on Twitter for up to date market news and our latest offers

[Dominic Butcher]

The pound has continued its recent gains, flirting with 1.18 and beyond after some better than expected manufacturing data. Industrial production unexpectedly rose by 0.5% and in conjuction with the service sector increasing by the largest margin for 18 months Sterling managed to extend its recent gains....

As always, any questions just let me know

[Dominic Butcher]

Last Thursday the Bank of England increased quantitative easing by more than expected (£50bln). This caused the pound to lose a lot of value over the coming days but it has started to stabilise at just above 1.17.

Even though the longterm expectation is for the Euro to weaken it is holding steady at the moment. This makes it pretty much impossible to say when the recovery we want will happen. However, when we take a look at the big picture we are seeing relatively good rates of exchange at the moment compared to the start of the year. Since the fall close to parity at the turn of the year we have seen an 14.5% gain in Sterling's favour. For us to expect this sort of gain to be repeated in the next 8 months is unrealistic and we should now start to budget accordingly...

Any questions just let me know on either ++44(0)1296 339811or dominic@escapecurrency.com . If you don't have the time find EscapeCurrency on Twitter so we can answer any queries you may have.