Mid-market levels for the GBP/EUR pairing are currently fluctuating around the best levels seen since May 2017 and has seen EUR lose approximately 7 cents since the lowest points of this year.
|Currency Pair||% Change in 1 month||Difference on £200,000|
As recent Brexit developments suggest an extension to the March 29th deadline could be on the cards, with a 3-month extension until June apparently on the table, questions surround whether the GBP/EUR paring will sustain stability at current levels.
Since many analysts have labelled Sterling as being ‘undervalued’ and with growing political and economic concerns echoing from the Eurozone, there’s reason to believe that there could even be room for further Sterling gains, but with a no-deal exit still a possibly and the EU seemingly adamant there will be no further changes to the current proposed deal, there’s the possibility of movement either way.
This week, results from the latest ZEW economic sentiment survey will be released on Tuesday and the European Council is scheduled to meet on Wednesday.
The response to these events could be significant and influence EUR market movement, since the ZEW survey will provide qualitative data for approximately 300 economist/analysts and typically provides an insight into the economic sentiment for the eurozone for the for the next 6 months.
Comments surrounding the meeting on Wednesday will also be closely regarded by investors, particularly following the inflation data released last Friday, which in fact saw a slight drop-off of 0.1% for the core release over the last 12 months for February.
Clients with short-medium term transfer involving Euros, can utilise various contract options available to them in order to help manager market exposure and can contact their account manager here for more information.
Always a fast and efficient service, a good rate and a simple transfer.
Excellent customer service, very friendly and helpful staff. The process of money transfer is painless. Thank you.
The service was effortless to use and I was kept up to date all the way through the process with courtesy calls and advice from the same contact in the selling of my home abroad and returning the funds back to the UK. I would highly recommend this service to friends and colleagues in the future.
Efficient service and good rates. My currency reached my overseas bank same day!
I find the process to be efficient, uncomplicated, and very good value – the exchange rates used are unbeatable, and the fixed service charge is insignificant when sending a large-ish sum.