The Effects of FX

GBP - EUR spot rate 24 May 2010
Monday, May 24, 2010

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 May 2010:

1.1510

Change from pervious: - 0.0098

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

18 May 2010: 1.1608 (-0.0026)

17 May 2010: 1.1634 (+0.0059)

11 May 2010: 1.1575 (+0.0196)

10 May 2010: 1.1379 (-0.0232)

05 May 2010: 1.1611 (+0.0135)

30 April 2010: 1.1476 (+0.0042)

27 April 2010: 1.1434 (-0.0059)

23 April 2010: 1.1493 (+0.0074)

22 April 2010: 1.1419 (+0.0174)

19 April 2010: 1.1245 (-0.0044)

16 April 2010: 1.1289 (+0.0081)

13 April 2010: 1.1208 (-0.0139)

09 April 2010: 1.1347 (+0.0036)

07 April 2010: 1.1311 (+0.0052)

06 April 2010: 1.1259 (+0.0064)

01 April 2010: 1.1195 (+0.0153)

30 March 2010: 1.1042 (+0.0013)

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.

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GBP - EUR spot rate 18 May 2010
Tuesday, May 18, 2010

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 18 May 2010:

1.1608

Change from pervious: - 0.0026

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

17 May 2010: 1.1634 (+0.0059)

11 May 2010: 1.1575 (+0.0196)

10 May 2010: 1.1379 (-0.0232)

05 May 2010: 1.1611 (+0.0135)

30 April 2010: 1.1476 (+0.0042)

27 April 2010: 1.1434 (-0.0059)

23 April 2010: 1.1493 (+0.0074)

22 April 2010: 1.1419 (+0.0174)

19 April 2010: 1.1245 (-0.0044)

16 April 2010: 1.1289 (+0.0081)

13 April 2010: 1.1208 (-0.0139)

09 April 2010: 1.1347 (+0.0036)

07 April 2010: 1.1311 (+0.0052)

06 April 2010: 1.1259 (+0.0064)

01 April 2010: 1.1195 (+0.0153)

30 March 2010: 1.1042 (+0.0013)

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.

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GBP - EUR spot rate 17 May 2010
Monday, May 17, 2010

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 17 May 2010:

1.1634

Change from pervious: + 0.0059

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

11 May 2010: 1.1575 (+0.0196)

10 May 2010: 1.1379 (-0.0232)

05 May 2010: 1.1611 (+0.0135)

30 April 2010: 1.1476 (+0.0042)

27 April 2010: 1.1434 (-0.0059)

23 April 2010: 1.1493 (+0.0074)

22 April 2010: 1.1419 (+0.0174)

19 April 2010: 1.1245 (-0.0044)

16 April 2010: 1.1289 (+0.0081)

13 April 2010: 1.1208 (-0.0139)

09 April 2010: 1.1347 (+0.0036)

07 April 2010: 1.1311 (+0.0052)

06 April 2010: 1.1259 (+0.0064)

01 April 2010: 1.1195 (+0.0153)

30 March 2010: 1.1042 (+0.0013)

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.

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GBP - EUR spot rate 11 May 2010
Tuesday, May 11, 2010

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 11 May 2010:

1.1575

Change from pervious: + 0.0196

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

10 May 2010: 1.1379 (-0.0232)

05 May 2010: 1.1611 (+0.0135)

30 April 2010: 1.1476 (+0.0042)

27 April 2010: 1.1434 (-0.0059)

23 April 2010: 1.1493 (+0.0074)

22 April 2010: 1.1419 (+0.0174)

19 April 2010: 1.1245 (-0.0044)

16 April 2010: 1.1289 (+0.0081)

13 April 2010: 1.1208 (-0.0139)

09 April 2010: 1.1347 (+0.0036)

07 April 2010: 1.1311 (+0.0052)

06 April 2010: 1.1259 (+0.0064)

01 April 2010: 1.1195 (+0.0153)

30 March 2010: 1.1042 (+0.0013)

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.

0 Like Published at 12:12 PM Comments (0)

GBP - EUR spot rate 10 May 2010
Monday, May 10, 2010

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 10 May 2010:

1.1379

Change from pervious: - 0.0232

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

05 May 2010: 1.1611 (+0.0135)

30 April 2010: 1.1476 (+0.0042)

27 April 2010: 1.1434 (-0.0059)

23 April 2010: 1.1493 (+0.0074)

22 April 2010: 1.1419 (+0.0174)

19 April 2010: 1.1245 (-0.0044)

16 April 2010: 1.1289 (+0.0081)

13 April 2010: 1.1208 (-0.0139)

09 April 2010: 1.1347 (+0.0036)

07 April 2010: 1.1311 (+0.0052)

06 April 2010: 1.1259 (+0.0064)

01 April 2010: 1.1195 (+0.0153)

30 March 2010: 1.1042 (+0.0013)

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.

0 Like Published at 12:04 PM Comments (1)

UK election update
Friday, May 7, 2010

The market's first reaction to the as-yet incomplete election result has not been promising for sterling. By the time London opened on Friday morning the pound was four cents lower against the US dollar and down by two against the euro, compared with its levels when the polling stations opened on Thursday. Clearly, investors are not overjoyed by the result. How can this be, given the months of warning from the opinion polls that there would be no overall majority?

Investors, like gamblers and football supporters, have a dangerous tendency towards optimism that can sometimes backfire on them. In the day or two before the election, and despite the polls still pointing to a hung parliament, that optimism led them to expect the outcome to be, if you like, better than expected. We now know that it was not. Parliament is jaw-droppingly well hung and nobody knows who will be occupying Number Ten in a week's time.

What worries investors now is the possibility that the occupant might still be Gordon Brown, not because they dislike or distrust him but because his position has been hugely compromised. A hung parliament under the management of a new prime ministerial broom offers- realistically or not - the promise of change and progress. One led by a still-unelected incumbent and handicapped by the demands of a coalition partner simply means less of the same. The worry is that the 'less' in this case would be less determination to reduce the nation's debt and less commitment to making the 'difficult decisions' necessary to prevent the UK going the way of Greece.

Had the result been a little more clear-cut, the pound would probably have come out of the election in better shape. It is not as if a hung parliament came as a surprise.But investors hate uncertainty. To be told that it may take ten days to form a coalition or minority government is one thing; to maintain enthusiasm for sterling throughout those ten days is quite another.

It is conceivable that investors will take a shine to a new prime minister if one emerges from the horse-trading, and that they will renew their support for the pound. It is less easy to imagine them throwing their hats in the air for the old one. In the meantime, uncertainty is likely to gnaw away at sentiment towards the pound.

To take advantage of the best possible rates, contact Moneycorp today.

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GBP - EUR spot rate 05 May 2010
Wednesday, May 5, 2010

This spot rate is for guidance purposes only.

Spot Rate for Sterling - Euro for 05 May 2010:

1.1611

Change from pervious: + 0.0135

Brought to you by Moneycorp, the foreign exchange specialists.

Previous rates:

30 April 2010: 1.1476 (+0.0042)

27 April 2010: 1.1434 (-0.0059)

23 April 2010: 1.1493 (+0.0074)

22 April 2010: 1.1419 (+0.0174)

19 April 2010: 1.1245 (-0.0044)

16 April 2010: 1.1289 (+0.0081)

13 April 2010: 1.1208 (-0.0139)

09 April 2010: 1.1347 (+0.0036)

07 April 2010: 1.1311 (+0.0052)

06 April 2010: 1.1259 (+0.0064)

01 April 2010: 1.1195 (+0.0153)

30 March 2010: 1.1042 (+0.0013)

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.

0 Like Published at 11:55 AM Comments (0)