UK (0)28 3026 3207 / ROI +44 (0)28 3026 3207

Euro strong against sluggish Pound

11th May 2018

When the Pound has a bad day (like yesterday) the Euro feels the benefits. Find out why its a EUR/GBP market at the moment and what your next move should be.

The Euro rebounded vs.the pound following the Bank of England (BoE) meeting yesterday as the bank postponed their plans to increase UK interest rates after weaker than expected economic data. The BoE do however believe that the current soft patch in growth will soon reverse, with 7 out of the 9 members opting for a wait-and-see approach to raising interest rates this year. Now all eyes are on UK data over the coming months to see if the BoE will raise rates further. A good string of UK data and a rate hike would almost certainly increase the value of sterling. But for the moment if you are holding Euros its your market and it’s at an attractive time to buy sterling. Call us for a quote 02830263207.

Current rates:
GBP/EUR 1.125
EUR/GBP 0.87

 

"The Bureau Buttercrane provide a personal service that really sets them apart from other currency providers. If we need a fast transfer we know we can call or email and have confidence our business will be transacted straight away at the best available rates."

Travellers Secrets, Warrenpoint Co.Down

"We use Bureau Buttercrane for the best exchange rates, fast online transfers and great customer service. We wouldn’t hesitate to recommend Bureau Buttercrane as a first class currency exchange provider."

Fiveways Shop & Filling Station, Newry Co.Down.

"I always recommend Bureau Buttercrane for currency exchange, I have been changing money with them since 1995. They always provide the best exchange rates and the staff are helpful and friendly. An exceptional service every time!"

C.R. Morrow, Authorised Vauxhall & Hyundai dealer, Newry Co.Down

"Our favourite currency provider."

Bar One Racing, Dundalk Co.Louth

"As a firm that operates both sides of the Jurisdiction, we at Luke Curran Solicitors have no hesitation in recommending The Bureau, Buttercrane to our Clients, for a professional and efficient service. A truly trustworthy company to do business with and we can not recommend them highly enough."

Luke Curran and Co. Solicitors, Newry, Co.Down

"Great personal service with top class rates, we always exchange our currency with The Bureau Buttercrane."

Dalzell's, Markethill Co.Armagh.

"Great rates, friendly staff and a pleasure to do business with. That's why we wouldn't go any where else."

Milestone Supermarket, Rathfriland, Co.Down