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By Jonathan Watson

Sterling remains strong against the Euro, presenting some great oppportunities to buy Euros. Reports that Finland had a double dip recession and the Hungarian crisis have reduced confidence once again in the Euro. Finland’s economy contracted in the first three months of the year following growth in the last quarter of 2009. It did actually grow again in April but this was a double dip and shows the volatility of the market. Hungary, while not in the Euro, is an EU member and reports from it’s Finance ministry that their budget deficit figures were falsified have not looked good. EU finance ministers also agreed an Emergency loans fund of 440bn EUR on Monday, to help deal with the fears over further defaults on loans. Sterling is still trading against the Euro at a 19 month high and the general trend is upward! To find out more and to speak to an experienced currency trader, please fill in your personal details and we will be in touch…

By Jonathan Watson

We have seen Sterling to Euro exchange rates reach highs not seen since 2008. This great news presents some excellent buying opportunities. The reason we have seen these gains are that investors are once again viewing the UK in a positive light. Sterling has made gains against a host of currencies including USD and AUD. To find out more about your options in these potentially lucrative times, please fill in the contact forms and an experienced broker will contact you.

By Alex Ellis

Sterling is still trading at the highest levels since Nov 2008 and although to most this would indicate that the forecast for sterling will remain a positive one there is always the chance that the Euro will regain some of the lost ground following the weekend.

At present the German economy is outperforming the rest of the Eurozone, and over the course of next week there is a whole host of data released for this economy. This could mean that following the weekend GBP/EUR exchange rates will swing in the opposite direction and we may actually see Euro exchange rates strengthen.

By Alex Ellis

Sterling exchange rates seem to have reached a support level overnight as levels remained somewhat unchanged throughout the course of the day. This spike seems like it could last until the end of the week, although next week will provide some fresh new tests for sterling in the currency market.

Wednesday June 10th sees the Bank of England’s interest rate decision and this could cause some movement the other way for sterling. If you are considering doing a currency purchase in the next week then you may want to buy your euros before the weekend.

By Jonathan Watson

This blogger predicted sterling gains against the Euro recently . Well it didn’t take too long! The start of June has seen Sterling make gains against the Euro reaching highs not seen since 2008. This presents some great opportunities to buy Euros. Sterling also made some strong gains against the dollar. Why has this happened? Well there had been much uncertainty throughout the month of May of a double dip recession occurring. This uncertainty has meant that investors are placing more reliance on data releases as a sign of market strenghth or weakness. Some positive data in the UK on  manufacturing and continuing bad news from the Eurozone relating to the debt crisis have led to these sterling gains. We have however seen Sterling rises last month, only to fall a couple of days later. The UK still has a long way to go to recover it’s global economic weight, but our problems are not currently being seen in as bad a light as they previously were.  If you have any currency requirements, please get in touch with us through the ‘Currency’ Tab. Fill in the Quick Start form, and one of our experienced traders will be in touch!