Go Back  British Expats > Partner Forums > HiFX - International Currency Transfers
Reload this Page >

GBP/EUR January Currency Update

GBP/EUR January Currency Update

Old Mar 1st 2010, 11:31 pm
  #1  
BE Enthusiast
Thread Starter
 
Joined: Dec 2004
Posts: 524
Windsor2 will become famous soon enoughWindsor2 will become famous soon enough
Default GBP/EUR Currency Update

Hi All,

As promised here’s a brief update on what’s been happening with the Euro over the last week.

Surprisingly the chokehold on Europe has been loosened despite the lack of detail on the Greek bail-out plan. We don’t think the market can remain ignorant for too long without fall-out. It was also highlighted that Italy has now moved to the top of the list of European economies facing a crisis should a Greek bailout package not be agreed and implemented. In any case the EUR remains vulnerable as highlighted by the fresh sub 1.3500 low against the USD. After a disappointing German ZEW survey the market will look for a more upbeat IFO and EU sentiment surveys. Consumer sentiment is likely to be softer.



GBP/EUR Movement – High’s & Low’s of last week (22/02/10 – 26/02/10)

High’s:1.1429
Low’s: 1.1145

A movement of: 2.55%

Difference on £200k

High:228,580Euros
Low:222,900 Euros

Difference of:5,690Euros

Whilst FX isn't the most thrilling of subjects, the sooner you begin to think about your money transfers, the more likely you are to make your money go further.

A further update will be added next week.

Regards,





Mark Bodega
Director

Last edited by Windsor2; Mar 1st 2010 at 11:42 pm.
Windsor2 is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Manage Preferences - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.