The Effects of FX

Every day we'll be publishing our current trading spot rate in the morning for the Sterling - Euro rate.  This is the rate you could expect to receive from Moneycorp when exchanging money at the time of publishing this post.

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 30 March 2010:

Change from pervious:  + 0.0013

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

26 March 2010:  1.1029  (-0.0089)

25 March 2010:  1.1118  (+0.0037)

24 March 2010:  1.1081  (+0.0025)

23 March 2010:  1.1056  (+0.0057)

22 March 2010:  1.0999  (-0.0072)

19 March 2010:  1.1071  (-0.0016)

18 March 2010:  1.1087  (+ 0.0123)

17 March 2010:  1.0964  (+0.0059)

16 March 2010:  1.0905  (-0.0041)

15 March 2010:  1.0946  (+ 0.0028)

12 March 2010:  1.0918  (+ 0.0016)

11 March 2010:  1.0902  (- 0.0015)

10 March 2010:  1.0917  (- 0.0028)

09 March 2010:  1.0945  (- 0.0064)

08 March 2010:  1.1009  (+ 0.0025)

05 March 2010:  1.0984  (+ 0.0049)

04 March 2010:  1.0935

When sending money to or from Spain please get in touch with Moneycorp for the best rates.

Every day we'll be publishing our current trading spot rate in the morning for the Sterling - Euro rate.  This is the rate you could expect to receive from Moneycorp when exchanging money at the time of publishing this post.

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 26 March 2010:

Change from pervious:  - 0.0089

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

25 March 2010:  1.1118  (+0.0037)

24 March 2010:  1.1081  (+0.0025)

23 March 2010:  1.1056  (+0.0057)

22 March 2010:  1.0999  (-0.0072)

19 March 2010:  1.1071  (-0.0016)

18 March 2010:  1.1087  (+ 0.0123)

17 March 2010:  1.0964  (+0.0059)

16 March 2010:  1.0905  (-0.0041)

15 March 2010:  1.0946  (+ 0.0028)

12 March 2010:  1.0918  (+ 0.0016)

11 March 2010:  1.0902  (- 0.0015)

10 March 2010:  1.0917  (- 0.0028)

09 March 2010:  1.0945  (- 0.0064)

08 March 2010:  1.1009  (+ 0.0025)

05 March 2010:  1.0984  (+ 0.0049)

04 March 2010:  1.0935

When sending money to or from Spain please get in touch with Moneycorp for the best rates.

Every day we'll be publishing our current trading spot rate in the morning for the Sterling - Euro rate.  This is the rate you could expect to receive from Moneycorp when exchanging money at the time of publishing this post.

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 25 March 2010:

Change from pervious:  + 0.0037

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

24 March 2010:  1.1081  (+0.0025)

23 March 2010:  1.1056  (+0.0057)

22 March 2010:  1.0999  (-0.0072)

19 March 2010:  1.1071  (-0.0016)

18 March 2010:  1.1087  (+ 0.0123)

17 March 2010:  1.0964  (+0.0059)

16 March 2010:  1.0905  (-0.0041)

15 March 2010:  1.0946  (+ 0.0028)

12 March 2010:  1.0918  (+ 0.0016)

11 March 2010:  1.0902  (- 0.0015)

10 March 2010:  1.0917  (- 0.0028)

09 March 2010:  1.0945  (- 0.0064)

08 March 2010:  1.1009  (+ 0.0025)

05 March 2010:  1.0984  (+ 0.0049)

04 March 2010:  1.0935

When sending money to or from Spain please get in touch with Moneycorp for the best rates.

Every day we'll be publishing our current trading spot rate in the morning for the Sterling - Euro rate.  This is the rate you could expect to receive from Moneycorp when exchanging money at the time of publishing this post.

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 24 March 2010:

Change from pervious:  + 0.0025

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

23 March 2010:  1.1056  (+0.0057)

22 March 2010:  1.0999  (-0.0072)

19 March 2010:  1.1071  (-0.0016)

18 March 2010:  1.1087  (+ 0.0123)

17 March 2010:  1.0964  (+0.0059)

16 March 2010:  1.0905  (-0.0041)

15 March 2010:  1.0946  (+ 0.0028)

12 March 2010:  1.0918  (+ 0.0016)

11 March 2010:  1.0902  (- 0.0015)

10 March 2010:  1.0917  (- 0.0028)

09 March 2010:  1.0945  (- 0.0064)

08 March 2010:  1.1009  (+ 0.0025)

05 March 2010:  1.0984  (+ 0.0049)

04 March 2010:  1.0935

When sending money to or from Spain please get in touch with Moneycorp for the best rates.

Every day we'll be publishing our current trading spot rate in the morning for the Sterling - Euro rate.  This is the rate you could expect to receive from Moneycorp when exchanging money at the time of publishing this post.

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 23 March 2010:

Change from pervious:  + 0.0057

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

22 March 2010:  1.0999  (-0.0072)

19 March 2010:  1.1071  (-0.0016)

18 March 2010:  1.1087  (+ 0.0123)

17 March 2010:  1.0964  (+0.0059)

16 March 2010:  1.0905  (-0.0041)

15 March 2010:  1.0946  (+ 0.0028)

12 March 2010:  1.0918  (+ 0.0016)

11 March 2010:  1.0902  (- 0.0015)

10 March 2010:  1.0917  (- 0.0028)

09 March 2010:  1.0945  (- 0.0064)

08 March 2010:  1.1009  (+ 0.0025)

05 March 2010:  1.0984  (+ 0.0049)

04 March 2010:  1.0935

When sending money to or from Spain please get in touch with Moneycorp for the best rates.

Every day we'll be publishing our current trading spot rate in the morning for the Sterling - Euro rate.  This is the rate you could expect to receive from Moneycorp when exchanging money at the time of publishing this post.

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 22 March 2010:

Change from pervious:  - 0.0072

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

19 March 2010:  1.1071  (-0.0016)

18 March 2010:  1.1087  (+ 0.0123)

17 March 2010:  1.0964  (+0.0059)

16 March 2010:  1.0905  (-0.0041)

15 March 2010:  1.0946  (+ 0.0028)

12 March 2010:  1.0918  (+ 0.0016)

11 March 2010:  1.0902  (- 0.0015)

10 March 2010:  1.0917  (- 0.0028)

09 March 2010:  1.0945  (- 0.0064)

08 March 2010:  1.1009  (+ 0.0025)

05 March 2010:  1.0984  (+ 0.0049)

04 March 2010:  1.0935

When sending money to or from Spain please get in touch with Moneycorp for the best rates.

Every day we'll be publishing our current trading spot rate in the morning for the Sterling - Euro rate.  This is the rate you could expect to receive from Moneycorp when exchanging money at the time of publishing this post.

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 18 March 2010:

Change from pervious:  + 0.0123

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

17 March 2010:  1.0964  (+0.0059)

16 March 2010:  1.0905  (-0.0041)

15 March 2010:  1.0946  (+ 0.0028)

12 March 2010:  1.0918  (+ 0.0016)

11 March 2010:  1.0902  (- 0.0015)

10 March 2010:  1.0917  (- 0.0028)

09 March 2010:  1.0945  (- 0.0064)

08 March 2010:  1.1009  (+ 0.0025)

05 March 2010:  1.0984  (+ 0.0049)

04 March 2010:  1.0935

When sending money to or from Spain please get in touch with Moneycorp for the best rates.

Every day we'll be publishing our current trading spot rate in the morning for the Sterling - Euro rate.  This is the rate you could expect to receive from Moneycorp when exchanging money at the time of publishing this post.

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 17 March 2010:

Change from pervious:  + 0.0059

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

16 March 2010:  1.0905  (-0.0041)

15 March 2010:  1.0946  (+ 0.0028)

12 March 2010:  1.0918  (+ 0.0016)

11 March 2010:  1.0902  (- 0.0015)

10 March 2010:  1.0917  (- 0.0028)

09 March 2010:  1.0945  (- 0.0064)

08 March 2010:  1.1009  (+ 0.0025)

05 March 2010:  1.0984  (+ 0.0049)

04 March 2010:  1.0935

When sending money to or from Spain please get in touch with Moneycorp for the best rates.

Every day we'll be publishing our current trading spot rate in the morning for the Sterling - Euro rate.  This is the rate you could expect to receive from Moneycorp when exchanging money at the time of publishing this post.

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 16 March 2010:

Change from pervious:  - 0.0041

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

15 March 2010:  1.0946  (+ 0.0028)

12 March 2010:  1.0918  (+ 0.0016)

11 March 2010:  1.0902  (- 0.0015)

10 March 2010:  1.0917  (- 0.0028)

09 March 2010:  1.0945  (- 0.0064)

08 March 2010:  1.1009  (+ 0.0025)

05 March 2010:  1.0984  (+ 0.0049)

04 March 2010:  1.0935

When sending money to or from Spain please get in touch with Moneycorp for the best rates.

Every day we'll be publishing our current trading spot rate in the morning for the Sterling - Euro rate.  This is the rate you could expect to receive from Moneycorp when exchanging money at the time of publishing this post.

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 15 March 2010:

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

12 March 2010:  1.0918

11 March 2010:  1.0902

10 March 2010:  1.0917

09 March 2010:  1.0945

08 March 2010:  1.1009

05 March 2010:  1.0984

04 March 2010:  1.0935

Every day we'll be publishing our current trading spot rate in the morning for the Sterling - Euro rate.  This is the rate you could expect to receive from Moneycorp when exchanging money at the time of publishing this post.

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 12 March 2010:

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

11 March 2010:  10902

10 March 2010:  1.0917

09 March 2010:  1.0945

08 March 2010:  1.1009

05 March 2010:  1.0984

04 March 2010:  1.0935

Every day we'll be publishing our current trading spot rate in the morning for the Sterling - Euro rate.  This is the rate you could expect to receive from Moneycorp when exchanging money at the time of publishing this post.

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 11 March 2010:

1.0902

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

10 March 2010:  1.0917

09 March 2010:  1.0945

08 March 2010:  1.1009

05 March 2010:  1.0984

04 March 2010:  1.0935

Every day we'll be publishing our current trading spot rate in the morning for the Sterling - Euro rate.  This is the rate you could expect to receive from Moneycorp when exchanging money at the time of publishing this post.

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 10 March 2010:

1.0917

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

09 March 2010:  1.0945

08 March 2010:  1.1009

05 March 2010:  1.0984

04 March 2010:  1.0935

Every day we'll be publishing our current trading spot rate in the morning for the Sterling - Euro rate.  This is the rate you could expect to receive from Moneycorp when exchanging money at the time of publishing this post.

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 09 March 2010:

1.0945

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

08 March 2010:  1.1009

05 March 2010:  1.0984

04 March 2010:  1.0935

Every day we'll be publishing our current trading spot rate in the morning for the Sterling - Euro rate.  This is the rate you could expect to receive from Moneycorp when exchanging money at the time of publishing this post.

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 08 March 2010:

1.1009

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

05 March 2010:  1.0984

04 March 2010:  1.0935

Every day we'll be publishing our current trading spot rate in the morning for the Sterling - Euro rate.  This is the rate you could expect to receive from Moneycorp when exchanging money at the time of publishing this post.

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 05 March 2010:

1.0984

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

04 March 2010:  1.0935

The pounds finished the month a crippled trapeze artist. While flying high at just under 1.60 against the dollar at the start of February and bouncing between 1.13 and 1.15 against the euro throughout February, the pound failed to give a good performance hovering around 1.5250 and 1.12 respectively. Against most other currencies the pound is second rate. It is easy to relate this routing to the remaining fundamental fears:

• The UK economy’s revised fourth-quarter GDP view to 0.3% growth from 0.1% shows weakness and other surveys point to a double dip recession.
• In fear of a fragile recovery the BoE may drip fed some more QE.
• The bulging public deficit likely to exceed Alastair Darlings 2010 budget of £178bn.
• A recent poll suggests the Conservative’s lead by only 6%

Close polls increase likelihood of an election being called early and in case of a hung-parliament the immediate risk is for risk agencies to decide that political conditions are not conducive to swift action on the UK’s debt problems and a downgrade will loom.

News on Friday centre from The Commerce Department. They said Friday that GDP rose at a 5.9% annual rate from October through December, the fastest rate since the third quarter of 2003. The number is two tenths better than forecast. A good reason to back the USD.

However, the US data did show consumers were more modest in their spending last quarter than first thought. Real consumer spending rose at an 1.7% annual rate, compared with the previously estimated 2.0% gain.

The week ahead will prove as tough as the last for the pound.

Brought to you by foreign exchange specialists Moneycorp