Pound/Euro has fallen 8 cents since last month

Monday 28th September 
The last week has been an interesting one for currencies, with the GBP/EUR exchange rate fluctuating between €1.39 and €1.35. Since last month, it's now fallen 8 cents. This means purchasing €350,000.00 today is costing you around £15,000.00 more than last month, which really illustrates how important it is to get your timing right, and have tools in place like 'Stop Loss' orders to protect against sharp drops in the market like we have seen recently.

Here's how the GBP/EUR rate has moved in the last 2 months:

What has been causing the volatility in currency prices? 

As I explained in my last post, the main reason for the fall in GBP/EUR rates last week was due to a strengthening of the Euro, which has now become more expensive to buy. The European Central Bank opted not to extend their stimulus programme, and have also said interest rates will not be cut. This has supported the Euro and is the main reason for rates dropping away. 

Also the global economic uncertainty has meant that the UK are no longer likely to tighten monetary policy, and this has halted the rise in the value of Sterling. I’d expect the USA to raise interest rates later this year, and the UK may follow them, but not until the latter part of 2016 in my opinion. (The rumour of an interest rate hike generally strengthens a currency due to the higher return on offer for investors).

What could happen to exchange rates this week? 

Below I’ve listed the main data releases I think will affect currency rates for the coming week. For those looking at GBP/EUR, there are lots of inflation figures from the UK and EU, and also UK GDP figures that could affect the rate. 

For GBP/USD, look for hints on interest rates from FED member speeches later today. 

If you have a currency transfer to make, would like a quote, or simply a chat about what is moving exchange rates, click here to send me a free enquiry today. 

Monday 28th September 2015 – Very quiet other that data from the USA – Inflation numbers, Home Sales and Speeches by FED members could all affect GBP/USD. So far rates have risen today, but the general trend in Pound/Dollar rates is likely to be down 

Tuesday 29th September 2015 – There is a speech by Bank of England governor Mark Carney, and he may give clues on UK interest rates that could affect the Pound. Also in the UK today we see Mortgage approval numbers and a measure of Consumer Confidence. Elsewhere, Germany has inflation figures, the USA also releases Consumer Confidence figures. 

Wednesday 30th September 2015 – We have the latest GDP figures today that could affect Sterling. European data includes Germany releases Retail Sales numbers and Unemployment figures, along with EU wide unemployment figures and inflation. The FED’s Janet Yellen gives another speech – watch for any hint on US monetary policy. 

Thursday 1st October 2015 – There is data on manufacturing today from Germany, Europe and the UK, in addition to an ECB monetary policy meeting, all of which could affect GBP/EUR rates. The USA has Manufacturing and Construction data due in the afternoon. 

Friday 2nd October 2015 – We end the week with Jobs day in the USA, with Non-Farm Payrolls one of the key releases that could affect the US Dollar this week. The EU releases inflation numbers. 

If you would like to know how any of the above data could affect exchange rates, or would like to get a quote for your currency exchange to compare with your bank or existing broker, then click here to send me a free enquiry today. 

I will get in touch with you personally, and often better rates available at banks or other currency brokers by as much as 3%, so it's certainly worth getting in touch to see what I can do for you.

Click here to get your quote and find out how much you could save. 

Which way could Pound/Euro rates go September 2015?

Tuesday 1st September 2015 
Good morning and welcome back to my regular currency updates after the Bank Holiday weekend. While here in the UK it was dismal weather, heavy traffic and only the lack of a James Bond movie to complete the typical August Bank holiday hat-trick, over in Europe it was business as usual and markets were open. 

Numbers released yesterday and again this morning from Europe were better than expected, with both Strong German Retail Sales and a better than expected EU inflation numbers giving the Euro a boost. This has pushed exchange rates lower. This morning we saw the Euro gain further strength due to better than forecast EU jobs numbers. 

The Euro has been getting stronger and stronger recently, as those with an eye on the GBP/EUR rate will have noticed. In the last month the rate has plummeted by over 8 cents, seriously affecting those trying to budget for a Euro purchase. As I outlined in a recent post, the reason for the decline is two-fold. Firstly we have the Pound weakening off due to the expectation of a UK interest rate hike being pushed back. The second reason is a stronger Euro due to a resolution of the Greek debt crisis and a resurgent EU economy that now seems to be growing at a steady pace, with the help from the ECB Stimulus seemingly having the desired effect. 

I do think that rates will eventually recover to €1.40 again, but this is now a medium to long term forecast. In the coming weeks and months, if we continue to see strong economic figures from Europe then the single currency could continue to become more expensive. 

Below I’ve listed what I think could affect exchange rates for the coming months. If you have a currency transaction to perform and would like to discuss what rates I can offer you, then click here to send a free enquiry today. 

What could affect exchange rates in the first week of September? 

There are various things that change exchange rates, for example: Economic data, Political Uncertainty, Natural Disasters and acts of war. The first of these is the only one that is forecast in advance, and below are the main scheduled releases for the week ahead that I think could affect exchange rates. 

If you would like to have a more detailed chat about how the exchange rate you’re interested in could change in the coming weeks or months, then click here to send me a message and I will be happy to answer any questions you may have about timing your currency purchase. 

Monday 31st August 2015 – Yesterday we saw a raft of positive data from Europe, including strong German Retail Sales and higher than expected inflation data. This has pushed GBP/EUR exchange rates lower as the single currency gained in strength. 

Tuesday 1st September 2015 – More positive data was released from Europe this morning showing that German and Italian unemployment was better than expected. This pulled GBP/EUR down from €1.37 to €1.3560. UK data this morning included mortgage approvals that were better than expected, and credit and PMI numbers that were worse. Later today we will see Canadian GDP figures that could affect GBP/CAD rates, and US Manufacturing and Construction data that might change GBP/USD exchange rates. 

Wednesday 2nd September 2015 – We start the day with Australian GDP figure. Later in the morning we see UK Construction figures, and EU wide inflation numbers. Recent EU data has been good and if this continues to be the case, expect GBP/EUR to drop further. In the afternoon, US Employment data, Non-Farm Productivity and Factory orders could all affect cable. 

Thursday 3rd September 2015 – Lots from Europe today that could change GBP/EUR exchange rates, including Inflation data, and the latest ECB interest rate decision. While no change is expected, the press conference afterwards often contains hints about future policy and so could well affect the Euro. Later in the day, US manufacturing and Services PMI could affect GBP/USD. 

Friday 4th September 2015 – the G20 meeting starts today and so any surprises here could affect various currency pairs. Scheduled releases on the calendar other than this include EU GDP figures which I expect to show a monthly growth of 0.3%. In the USA it’s jobs day and the important Non-Farm Payroll numbers. Regular readers will know that this release is very difficult to forecast. The current expectation is for 220,000 new jobs to have been created. Any more than this, then expect GBP/USD to drop, and vice versa.

Want to talk about which way exchange rates may go, and get a quote for your currency exchange?

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What could affect exchange rates this week?

Monday 10th August 2015 
Good morning. As I outlined in Friday’s post, Sterling has fallen against other currencies in recent days. Today I’ll list out the main economic data releases that are likely to cause volatility in exchange rates. After last week’s interest rate speculation for the UK and USA, at the time of writing GBP/EUR exchange rates are a little above €1.41, and GBP/USD rates are in the mid $1.54’s. You can view live rates updated every few seconds including interactive charts by clicking here. 

Remember that if you’re looking for the best deal on currency, in addition to my market updates here on the blog, I can also provide you a quote for your exchange that is likely to be significantly better than your bank or existing broker may offer. Click here to get your quotation today. 

What could affect Sterling exchange rates this week? 

As usual for a Monday, I have listed below this week’s main fundamental data releases that I think could affect exchange rates. If you have a currency transaction to perform and would like to get a quote or simply discuss what could affect the exchange rates you’re looking at in the coming weeks, contact me today by clicking here. 

This week's economic data releases

• Monday 10th August 2015 – Today's is relatively quiet on the data front. The only UK release of note is Retail Sales data from the British Retail Consortium released at midnight. Retail Sales are a good barometer of overall economic activity so can affect the Pound. Elsewhere, one of the US Federal Reserve’s members gives a speech at lunchtime. Any further indications of an interest rate hike could cause GBP/USD rates to fall further. 

•  Tuesday 11th August 2015 – Nothing of note from the UK, but GBP/EUR could be affected by an EU wide economic sentiment survey. Germany also releases its economic sentiment measures along with Wholesale prices. Because Germany is the EU’s largest economy, its figures can affect the value of the Euro. 

•  Wednesday 12th August 2015 – Today is the most important one for the Pound, as we have several releases detailing unemployment figures at 09:30am. Unemployment is expected at 5.6%, so any deviation from this figure will affect Sterling exchange rates. Later in the day we have House price data from the Royal Institute of Chartered Surveyors. Elsewhere Europe has Industrial production figures. The US delivers its monthly budget statement, so all in all lots today that could affect the currency markets. 

•   Thursday 13th August 2015 – Nothing from the UK today, but GBP/EUR could still be affected by German Inflation data, and a European Central Bank Policy meeting. The USA and New Zealand both release their latest Retail Sales figures. 

•  Friday 14th August 2015 – Another busy day from Europe, with Gross Domestic Product figures from Germany, Italy and the EU as a whole. There are also inflation numbers released from Europe today, so a busy morning for the single currency. We end the week with US Industrial Production figures. 

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If you want to get the best possible exchange rates, then contact me for a quote. I provide commercial rates of exchange to private and corporate clients looking to trade £5k+. You can send me a free enquiry using the link below, and I will get in touch personally to discuss your requirements, explain how the service works, and discuss the different options you can consider to help you get the best rate of exchange possible. 

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What could affect Sterling/Euro rates this week?

Monday 10th November 2014 
Good afternoon. It’s been a very quiet start to the week with no economic data releases of note. The Pound/Euro rate remains in the mid €1.27’s, and Pound/Dollar rates have dipped into the $1.58’s. 

As usual for a Monday, below I’ve listed the weeks data releases that I think will affect exchange rates. It’s a very quiet week all in all, with the most interesting release being on Wednesday when we see the latest UK unemployment numbers, along with the Bank of England (BoE) inflation report. This is important as inflation forecasts will have an effect on when the UK may raise interest rates. If inflation is forecast to remain low, expect the Pound to weaken. If inflation looks like it is on the rise again, the Pound could well strengthen. 

I personally think GBP/EUR will remain in its recent range of 1.26 to 1.28 in the coming weeks. Those buying Euros should consider locking a rate in now while it’s close to the best in 6 years. I can’t see anything on the horizon that will push the rate higher. 

If you need to perform a currency transaction, converting Euros to Pound, Sterling to Euros, or indeed need to get the best exchange rates when converting any international currency, then why not get in touch to see what rate I can offer. I can source rates up to 5% better than banks of other financial institutions can offer, and this can represent a significant saving if you need to convert a large sum. 

Click here to make a free, no obligation enquiry. 

This week’s economic data releases that could affect exchange rates. 

Tuesday – Another very quiet day, with the only data of note a speech by the Reserve Bank of New Zealand governor, along with a report from them about financial stability, so we could see some volatility in GBP/NZD rates. 

Wednesday – I think today will be the most important of the week for the Pound. We have the latest Unemployment numbers, alond with the Bank of England inflation report. This is important as the jobs numbers are a reflection of the economy, and the inflation report could give some insight into the future movements for UK interest rates. 

Thursday – Nothing of note from the UK, but the European Central Bank issues its monthly report, so GBP/EUR could be affected. Over in the USA we have Jobless claims numbers, and from Canada we have a BoC review. 

Friday – Yet again nothing of interest from the UK. The EU releases it’s latest inflation numbers and Gross Domestic Product (GDP) numbers, so GBP/EUR will be driven by these releases today. Over in the USA we have Retail Sales numbers and a consumer sentiment survey, both of which could affect GBP/USD rates. 

For more information on how the above could affect your currency requirement, or to get an exchange rate quote to compare with your bank or existing broker, click below to send me a free enquiry now. 

Click here to send a free no obligation enquiry.

Pound falls slightly from recent highs due to Ukraine crisis

Monday 21st July 2014
The Pound fell a little towards the end of last week, as worries about the tensions between Russia and the West in Ukraine meant that investors sought out safe haven currencies. When there is global uncertainty, it often causes ‘safe-haven’ currencies like the US Dollar to strengthen as international investors move out of riskier currencies, like the Pound. This is the main reason for the slip from the recent highs we have recently seen. 

Sterling has surged over the past year as Britain's economy has shown signs of a strengthening recovery, fuelling expectations that the BoE will hike interest rates before the year's end. In contrast the EU economy is faltering and they are likely to pursue stimulus measures which have weakened the Euro. 

Despite this, in recent months the Pound gets to levels in the €1.26’s against the Euro and the $1.71’s against the Dollar before dropping back away. Given Sterling can’t seem to sustain its gains, now is a good time to take stock of your currency needs. 

To discuss how I can help you get the best exchange rates, or to simply have a chat with a currency expert to talk about which way the rate may move, get in touch with me for a free consultation. I can discuss the currency you need to buy or sell, explain what could move the rate and help you to decide when to fix your exchange rates. When the time comes, I can provide you a quote to compare with your bank or existing broker, and even a small improvement could save you thousands when converting a large sum. 

Click here to send me a free no obligation enquiry today 

This week’s economic data releases 

What causes exchange rates to move? 

There are 4 main things – economic data releases, political events, natural disasters and uncertainty caused by war. Most of things are impossible to foresee, such as the current crisis in Gaza and Ukraine which could cause investors to seek safe haven currencies such as the US Dollar. 

What is known in advance are economic data releases. I have listed below the coming weeks scheduled releases that could affect exchange rates. For more detailed information on how these could affect the exchange rate you are interested in, contact me for a free consultation. 

Tuesday 22nd July 2014 

There are no UK releases today. In Australia we have a speech by the RBA governor so there may be some volatility for GBP/AUD rates. Other than that all data is from the USA – Inflation numbers and Home Sales. 

Wednesday 23rd July 2014 

Today could be interesting for the Pound, as we have the latest Bank of England minutes, showing what was discussed and how they voted in their recent decision to hold interest rates. There could be clues as to when UK interest rates may rise which could affect Sterling. 

In the Eurozone we see Consumer confidence figures and over in New Zealand we have their latest interest rate decision and Trade Balance figures. I think they may raise interest rates which would cause GBP/NZD to fall. 

Thursday 24th July 2014 UK 

Retail Sales numbers are released this morning, which are a good barometer of overall economic activity and so could affect the Pound. In the EU we have some inflation numbers. In the USA the latest jobless numbers and home sales figures are released, in addition to manufacturing PMI figures. 

Friday 25th July 2014 

UK Gross Domestic Product (GDP) numbers are released this morning. The expected figure is 3.1% - any higher and the Pound could rise, any lower and it could fall. 

In the USA we have Durable goods orders which often involve large investments which are sensitive to the US economic situation, so this release could cause some volatility in GBP/USD rates. 

If you are seeking the best exchange rates, send me a free enquiry today.

Why has Sterling risen today? / This weeks economic data

Monday 27th January 2014 
Sterling has had a pretty good run today, steadily rising and recovering from the drop we saw at the end of last week, as you can see from today's GBP/EUR chart below. There haven't been any significant data releases today, so why has the Pound risen? 

I think the reason for today’s gains are two-fold. Firstly, we have some key growth figures for the UK tomorrow. When they are released I’m expecting it to show Britain confirmed as the strongest major economy in Europe, so part of today’s gains are the market positioning itself ahead of the official release tomorrow. Just last week the International Monetary Fund upgraded its outlook for the UK in 2014, so this optimism is driving the Pound forward at the moment. 

A second reason for the gain today could be a general sell off of weaker currencies and assets. As you can read here, the fact that the FED may taper it’s QE programme this week have meant that investors have been selling riskier assets like the Euro, and buying perceived safer currencies like Sterling, so that will be another reason for the gains for the Pound today.

However despite recent gains for the Pound, it's worth bearing in mind that economists warn that the recovery remains fragile, with a downturn in consumer confidence posing a threat to positive momentum. In the last few months we’ve seen the Pound/Euro rate get to 1.21/1.22 several times, before dropping back away again. 

The currency market is very volatile at the moment, and so if you need to buy or sell currency in the near future, it’s worthwhile getting in touch to discuss your requirements with me. I can let you know your options and explain which way your exchange rate may move. In addition to my market knowledge, the rates I can source for you are often up to 5% better than banks and other financial institutions offer. 

What could affect exchange rates this week?

Below are the main scheduled releases that I think will have an effect on exchange rates this week. Tuesday will be a key day as we have the latest UK growth figures. Those that need to buy or sell Euros should watch out for this. 

Remember if you need to buy or sell currency and want the best rates, get in touch with me by clicking here and I can provide you a quote in addition to answering any questions you may have about which way the market is moving. The rates I can source can be up to 5% better than banks can offer, so it’s certainly worth comparing what I can offer you. 

Monday 27th January 2014 

As explained above today has been very quiet on the data front, with only some data from Europe that was a little better than expected. Due to the market selling riskier currencies and assets today however as I have outlined above, the Euro has weakened and GBP/EUR has risen. 

Tuesday 28th January 2014 

Today will be a key day for the Pound, as at 09:30am we will see the latest GDP figures from the Office for National Statistics. The forecast is to show quarterly growth of 0.7%. Recent UK data has been impressive, so if the number is better than 0.7% expect rates to rise. Of course if the number is lower, exchange rates could fall. There’s nothing else of note today other than a measure of Consumer Confidence from the USA. 

Wednesday 29th January 2014 

Nothing from the UK today, and only some minor German confidence data, so the GBP/EUR rate will continue to be driven by Tuesdays GDP numbers. 

Of more importance today will be the interest rate decisions from the USA and New Zealand, so we could see an effect on GBP/USD and GBP/NZD rates today. I expect the US may announce further tapering of their QE programme. If they do, then it may weaken the USD and send GBP/USD rates higher. 

Thursday 30th January 2014 

Quite a busy day today. Starting in the UK we see the latest Mortgage and Credit numbers. In the Eurozone we have several different measures of consumer sentiment released at 10am. This is followed at lunchtime by inflation numbers from Germany, Europe’s largest economy. 

Elsewhere we have some key US releases at 13:30pm: GDP figures, Unemployment and Jobless Claims. I therefore expect quite a choppy day for GBP/USD rates depending on the results. 

Friday 31st January 2014

The only UK release today is a measure of Consumer Confidence. Of more importance for the GBP/EUR rate will be inflation and unemployment numbers from Europe which are due at 10am. 


Getting the Best Exchange Rates 

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• Want to know if your rate will go up or down this year? 
• Unsure when to go ahead and fix a rate? 
• Keen to get a quote to compare with your bank or existing broker? 

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Alastair Archbold

This week's economic data releases

Monday 18th November 2013
It's been a quiet start to the week, with no major economic data releases. Despite this, Sterling has fallen a little throughout trading today to around €1.1900 vs the Euro and $1.6100 vs the US Dollar, however the Pound does remain strong overall relative to where it has been of late.

So, in today's report I'm going to list all of this weeks economic data that can affect exchange rates. Regular readers will know I often give my opinion on major releases, and the effect that I think they will have on exchange rates. Knowing things like this are invaluable when deciding to fix your exchange rate.

Want to discuss your requirements with a currency expert? Click here. 

This weeks economic data releases and how they may affect exchange rates

Monday - Today has been very quiet, with only EU Trade Balance figures that were as forecast, so had no real impact on exchange rates. 

Tuesday - The most important number today is Germany's ZEW Economic Sentiment survey at 10am. This is a leading indicator of the German economy, and as Germany is the largest economic in the EU it can have a big impact. 

The forecast result is 54.6 - any higher than this would make GBP/EUR rates fall and vice versa. Elsewhere we have Speeches by FED members that could affect GBP/USD rates. 

Wednesday - The most important day for GBP/EUR rates in my opinion. Firstly at 09:30am we have the Bank of England minutes. These show how members voted 2 weeks ago when they decided to leave Quantitative Easing and Interest Rates on hold. 

It's important as it also shows the discussions and differences of view, and so give an idea which way future decisions may go. Pound/Dollar could move around today also, as we have some key Inflation data from the States in addition to Retail Sales. 

Thursday - An important day for the value of the Euro. we have inflation, consumer confidence, manufacturing and borrowing data for France, Germany and the EU as a whole. As usual, higher than expected numbers will strengthen the Euro and pull GBP?EUR rates lower. Lower than expected figures would have the opposite effect. 

Elsewhere, the UK has Public Sector Borrowing figures, and the USA has a host of Unemployment numbers and Inflation data.

Friday - A quiet end to the week, with nothing of note from the UK. We have Germany Business Climate numbers at 9am, followed by Italian Retail Sales (A good barometer of their economy as a whole).

So there we have it, all of the above will be the main events that drive exchange rates this week. 

What does this actually mean for the currency you need to buy or sell?

This of course depends on which currency you are buying or selling, and the timescales you are working to. 

• Would you like to discuss which way exchange rates are going?
• Do you need the very best exchange rates?
• Need help deciding when to fix your rate?
• Sick of poor rates and charges from your bank or existing broker?

Then make a free enquiry with me today. It's free, it doesn't put you under any obligation, and simply means you can find our more about the rates and service that I offer. 

I can source exchange rates that are commercial, and up to 5% better than banks can offer. In addition to the rates and service I provide, I have over 10 years experience in the Foreign Exchange markets, so why not take advantage of my knowledge and expertise and click below to send me a free enquiry today.

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I look forward to hearing from you.

Alastair Archbold

How to get the best exchange rate buying or selling Euros

Wednesday 25th September 2013
Good afternoon. The currency markets have been fairly calm recently, and exchange rates seem to have stabilised. We haven't seen a huge amount of movement since my last post. GBP/EUR rates remain around the €1.19 level, and GBP/USD rates just above $1.60.

In today's post I will look at economic statistics that will be released in the next week, and how they may affect exchange rates. I will also explain how I can help you achieve exchange rates that can be much better than those offered by banks and other financial institutions.

So if you need to buy Euros at the best rate, have a foreign currency you need to convert back to Sterling, are looking for the best exchange rates, or are trying to find out if the Pound will go up or down against the Euro, read on...

Pound/Euro forecast 2013

In the last few months the Pound/Euro rate has climbed nicely, peaking a few weeks ago in the mid €1.19's. This is due to much better economic data that indicate the economy is recovering nicely. The only fly in the ointment was last week's poor retail sales that took the wind out of the Pound's sails a little.

Since then rates have stabilised around the €1.19 level. This is because the markets have now accepted the economy is recovering, and so good economic numbers are no longer a surprise.

So will rates go higher? Stay where they are? Drop back away?

I think that for the next few days it will be the UK GDP figures that will have an impact on rates. These are released at 09:30am tomorrow morning. I expect this to be revised up to 0.7%, and the markets have already priced this in to where the exchange rate stands. If the number is higher than this, the Pound/Euro rate may rise. If the number is worse, expect a drop in rates.

On Friday the European Central Bank (ECB) president Mario Draghi gives a speech. I think that his comments could well affect GBP/EUR rates. Put simply, if his words are positive for the Eurozone, Pound/Euro could drop, and vice versa.

For the medium to longer term, I personally don't think that rates will climb to €1.20 and above. Why? Well it wouldn't be in Britain's interest to have higher exchange rates, as it would affect imports to the Eurozone due to UK goods being more expensive. 50% of our exports go to Europe, so if the rate climbed too high I would expect the Bank of England to move to weaken Sterling.

If I needed to buy Euros in the next 6 months, I would look to fix a rate on a Forward contract. This allows you to fix today's rates which are around the best they've been all year. You only lodge 10% of the total to be converted, and the remainder when you instruct me to transfer your Euros. This protects you against the rate dropping away and allows you to budget.

If you need to buy Euros and want the best rates, send me a free enquiry now by clicking here.

Converting Euros back to Pounds

Rates have been moving against you due to the strong pound. If we look at the bigger picture though, last summer rates were nearly €1.30, so it's not too bad. You don't have to look back too far to remember when rates were €1.50+.

So if I had to convert Euros to Pounds, I would take the view that if the EU economy recovers, rates could improve. I wouldn't want to leave things to chance though, so I would place a 'Stop Loss' order to convert funds if rates breached a particular level; €1.20 for example. In this way I can hold out for an improvement in the rate, but have a 'worst case scenario' or safety net should the rate continue to get worse.

Converting Euros back to Pounds? Click here to find out more about the rates I can offer.

Other data releases in the next week that could affect exchange rates

Thursday 26th Sept - UK GDP figures, as I mentioned above, are released at 09:30. We also have US Unemployment and Home Sales numbers in the afternoon.

Friday 27th Sept - Nothing of note from the UK, however there are some important EU releases such as the ECB president's speech and some inflation numbers. In the United States we also have Central Bank members giving talks, so expect some volatility in GBP/USD rates. 

Monday 30th Sept - UK mortgage approvals, but I don't think it will have much of an impact. Of more importance will be EU Inflation numbers and Retail Sales.

Tuesday 1st Oct - The new month starts with a raft of Manufacturing numbers from the EU, Britain and the United States. Could be a volatile day as we also have EU unemployment numbers.

Keen to know how data releases like this could affect the exchange rate you're interested in? Send me a free no obligation enquiry now.

Getting the best exchange rates

 
That's the easy part - the rates I can source are commercial levels up to 5% better than the banks. Send me an enquiry now to find out more. The tricky part is timing your trade so you buy at a good level. There's no way to predict the way exchange rates may move, but what I can do is explain what is causing the movement, and my thoughts on how things may move in the future.

It is of course up to you to decide when to fix your rate, but by taking advantage of my expertise gained from over 10 years in the financial services industry, you can make an informed choice of what to do.

Why not take the advantage of a free consultation by clicking here and sending me an enquiry. I will personally contact you within 24 hours to discuss your requirements, run over your options, and give you an idea of the rates I can offer.

Click here to send me an enquiry or call me today. You may be very surprised how much you can save. I look forward to hearing from you.

Alastair Archbold