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

Weekly Currency Update GBP/EUR - Week ending 9th April

Weekly Currency Update GBP/EUR - Week ending 9th April

Old Apr 13th 2010, 12:27 am
BE Enthusiast
Thread Starter
Joined: Dec 2004
Posts: 524
Windsor2 will become famous soon enoughWindsor2 will become famous soon enough
Default Weekly Currency Update GBP/EUR - Week ending 9th April

Hi All,

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

The economic recovery story from the UK is gathering momentum with industrial production in February growing twice as fast as expected at 1.3% and Halifax reporting house price increases of 11% in March. The recovery story also received official credence as the OECD said that the official figures for Q1 GDP will show acceleration in the pace of the recovery and these will be unveiled on the 23rd April.

Last week, the Greek sovereign debt crisis continued to plague the financial markets as the Greek Government made it known that they are uncomfortable with the terms of the EU/IMF facility. On top of this, Greek banks reported a sharp drop in deposits as Greek citizens seek alternative sources for their savings.

GBP/EUR movement – High’s & Low’s of last week (5th April– 9th April)

High’s: 1.1485
Low's: 1.1287
A movement of 1.75%

Difference on £200,000

High: EUR 229,700
Low: EUR 225,680

Difference of: EUR 4,020

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.


Mark Bodega
Director - HiFX
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.