Jun 022013
 
Euro hits 6-week high against the pound, but may soon fall

Welcome to Pure FX’s latest update of the foreign exchange rate. The common currency jumps! It’s the best time to exchange euros for pounds in 6 weeks today, or since April 17th, as the exchange rate hits a record 0.8599. By contrast, the euro was at just 0.8398 on April 26th. Hence, it’s now up by 2 cents, or +2.39%. A €250,000 transfer would hence be worth +£5,025 more today than on April 26th. (Please […]

Apr 242013
 
Euro looks set to fall, as Eurozone recession reaches mighty Germany

Welcome to Pure FX’s weekly update of the foreign exchange rate. The euro looks set to fall! The common currency is broadly unchanged against the pound and US dollar this week, at 1.17 against sterling, and 0.77 against the greenback. However, the euro looks set to fall very shortly. Why? Here are 5 reasons: 1. The Eurozone recession has now reached even mighty Germany. In April, output fell for only the 4th time since 2008. […]

Apr 182013
 
Euro hits 4-week high against pound, 7-week high against US dollar

Welcome to Pure FX’s weekly update of the foreign exchange rate! This week: The common currency gains! The euro is at its highest against the pound in 4 weeks this week, or since March 15th, at 0.8637. In addition, the common currency has hit a 7-week high against the US dollar, its strongest since February 26th, at 1.3202. To put these exchange rates into context, the euro was at just 0.8432 against the pound on […]

Apr 102013
 
Euro rebounds, hits 2-week high against pound, 1-month high against buck

Welcome to Pure FX’s weekly update of the euro exchange rate. This week: The euro has rebounded, and reached a 2-week high against the pound of 0.856. The euro has also bounced back against the US dollar, to hit a 1-month high of 1.3116. However, the euro could soon fall again, as the Eurozone outlook is deteriorating fast. (Please bear in mind, these are the interbank rate at the time of writing. This means the […]

Apr 032013
 
Pound and US dollar hit fresh highs against euro, but could soon peak

Welcome to Pure FX’s weekly update of the exchange rate. This week: Pound hits highest point against euro since 24th of January Sterling flies! The pound hit its highest point against the euro since the 24th of January this week, at 1.1886. To put this into context, sterling was as low as 1.1371 on the 12th of March. Hence, it’s since regained +4.53%, or more than 5 cents. A £250,000 transfer would hence be worth […]

Mar 272013
 
Pound and US dollar hit record highs against euro, as Cyprus weighs

Welcome to Pure FX’s weekly account of the euro exchange rate. This week: Sterling has reached its highest point against the euro in 6 weeks, at 1.1831. The US dollar has hit a 16-week high against the common currency, of 0.779. Let’s take a closer look! Pound reaches highest point against euro in 6 weeks, but outlook mixed Go sterling! The pound reached its highest point against the euro in 6 weeks this week, or […]

Mar 202013
 
Pound to euro hits 5-week high, thanks to Cyprus's "legalised robbery"

Welcome to Pure FX’s weekly update of the exchange rate. Sterling is back on top! The pound hit its highest point against the euro in 5 weeks this week, or since 11th February, at 1.1757. To put this into context, sterling was at just 1.1371 on the 12th March. Therefore, it’s since climbed +3.36%, or almost 4 cents. A £250,000 transfer would hence be worth €9,650 more today than 8 days ago. (Please bear in […]

Mar 132013
 
US dollar to euro hits 3-month high, may rise further

The greenback shoots, and scores! The US dollar hit its highest point against the euro in 3 months this week, or since 11th December 2012, at 0.7713. To put this into context, the US dollar was as low as 0.732 against the common currency on 1st February this year. That means it’s since climbed +5.32%. Hence, a $250,000 transfer would be worth €9,825 more this week than 6 weeks ago. (Please bear in mind, these are the […]

Mar 062013
 
Euro to pound still close to 15-month highs, may climb this week

The exchange rate is on pause, but how long will it last? The euro has stood almost still against sterling this week around 0.8630, just a penny shy of its 15-month high of 0.8730. Chiefly, this is because both the UK and Eurozone economies are still stuck in reverse, with Britain shrinking –0.3% at the end of last year, and the Eurozone –0.6%. Given that, the market has seemingly decided this is a good exchange rate to […]

Feb 272013
 
Still best time to repatriate money to the UK in 15 months

Still at the top of the mountain! The euro still stands at its highest point against the pound in 15 months this week, or since October 2011, at 0.8647. This means the euro is more than six pence higher than where it started this year against sterling, at 0.8131. To put it another way, a €250,000 transfer to the UK is worth £12,900 more today than on January 1st. (Please bear in mind, these are […]

Feb 202013
 
Best time to sell euros and buy pounds since October 2011

Hello, and welcome to my weekly look at the euro to pound exchange rate. This is intended to help you decide if now’s a good time to exchange euros for UK pounds. If you plan to repatriate money from Spain to the UK, it’s a good time to do so at the moment. This is because the euro to pound exchange rate has hit its highest point since October 2011 this week, at 0.8731. This […]

Feb 132013
 
The euro/pound exchange rate is still volatile

Unfortunately for those of you waiting for the euro/pound exchange rate to settle down, we’re not there yet. In the last week, sterling has sat as low as 1.1548 against the euro, but also as high as 1.1791, a range of 2.1%. I don’t think I need tell you this is unusually volatile. In large part, it’s the question of possible intervention to weaken the euro that’s made the rate so jumpy. This past week, […]