Welcome to the Pure FX account of the latest changes in the euro exchange rate. This is intended as a brief guide to movements in the euro this week, to put you in the best position for when you exchange currencies. Latest exchange rate changes GBPEUR: 1.2527 to 1.2443 (-0.671%) GBPUSD: 1.5989 to 1.5875 (-0.713%) EURUSD: 1.2762 to 1.2758 (-0.031%) The pound lost out to both the euro and US dollar this week, putting an end to three weeks of gains against the common currency, as the Bank of England warns the UK faces a possible triple-dip recession in 2013. This pound loss came in spite of the fact that, meanwhile, the Eurozone officially entered recession this week, contracting … [Read more...] about Pound falls as UK faces triple-dip recession
Expats
Euro unchanged on Sandy, presidential election
Welcome to the Pure FX account of changes in the euro exchange rate, covering the 26th October to 2nd November 2012. This is intended as a brief guide to movements in the euro this week, to put you in the best position for when you exchange currencies. Exchange rates Pound to euro: 1.2476 Pound to US dollar: 1.609 Euro to US dollar: 1.2896 As you can see above, the exchange rates stand unchanged this week, with the pound still close to its highest rate against the euro since early October. This largely reflects two things: one, the impact of Hurricane Sandy on the North Coast of the US, including the States’ financial centre of New York, and two, the Presidential election next … [Read more...] about Euro unchanged on Sandy, presidential election
Pound hits three week high as UK expands 1.0% in Q3
Welcome to the Pure FX account of changes in the euro exchange rate, covering the 19th to 26th of October 2012. This is intended as a brief guide to movements in the euro this week, to put you in the best position for when you exchange currencies. Latest exchange rate changes Pound to euro: Last week: 1.2276 Today: 1.2457 Increase: +1.474% Pound to US dollar: Last week: 1.6038 Today: 1.6108 Increase: +0.436% Euro to US dollar: Last week: 1.306 Today: 1.2925 Decrease: –1.034% The UK pound reversed a four-month decline against the euro this week, gaining almost two cents against the common currency. This takes sterling back to a level we last saw in early October, when … [Read more...] about Pound hits three week high as UK expands 1.0% in Q3
Euro gains as Rajoy’s waiting game pays off
Welcome to the Pure FX account of changes in the euro exchange rate, covering the 12th to 19th of October 2012. This is intended as a brief guide to movements in the euro this week, to put you in the best position for when you exchange currencies. Latest exchange rate changes Pound to euro: 1.2398 to 1.2276 Pound to US dollar: 1.6036 to 1.6038 Euro to US dollar: 1.2936 to 1.306 Who would have thought it? The euro continued its slow ascent against the pound and US dollar this week, bouncing back ever since its July nadir of 1.20 against the greenback. This is chiefly as Spanish prime minister Mariano Rajoy’s strategy of simply waiting out the markets pays off, and events turn in … [Read more...] about Euro gains as Rajoy’s waiting game pays off
US dollar triumphs as Eurozone bank recapitalisation agreement unravels
Welcome to the Pure FX account of changes in the euro exchange rate, covering the 5th to 12th of October 2012. This is intended as a brief guide to movements in the euro this week, to put you in the best position for when you exchange currencies. Latest exchange rate changes Pound to euro: 1.2439 to 1.2398 (-0.33%) Pound to US dollar: 1.6181 to 1.6038 (-0.884%) Euro to US dollar: 1.301 to 1.2936 (-0.569%) The US dollar has triumphed against the pound and euro this week, as a Eurozone agreement dating back to June to break the link between indebted banks and governments unravels. If you’re in the US and intend to emigrate to Spain or Portugal then, this means you can receive a … [Read more...] about US dollar triumphs as Eurozone bank recapitalisation agreement unravels
Hope against hope for Spain bailout aids euro
Welcome to my latest account of changes in the euro exchange rate, covering the 28th September to 5th October 2012. This is intended as a brief guide to movements in the euro this week, to put you in the best position for when you exchange currencies. Latest changes in the exchange rate GBPEUR: 1.2577 to 1.2439 (-1.097%) GBPUSD: 1.6267 to 1.6181 (-0.529%) EURUSD: 1.2933 to 1.301 (+0.595%) Back up for the euro then! Following a fortnight in which the common currency fell against its pound and US dollar, its back up again this week, as the markets hope against hope that Spain requests a bailout. Curiously however, this hope flies even in the face of remarks from Spanish prime … [Read more...] about Hope against hope for Spain bailout aids euro
Euro continues to fall on Spanish budget, Catalonia doubts
Welcome to the Pure FX account of the latest changes in the euro exchange rate, covering the 21st to 28th September 2012. This is intended as a brief guide to movements in the euro this week, to put you in the best position for when you exchange currencies. Exchange rate changes this week: GBPEUR: 1.2511 to 1.2577 (+0.528%) GBPUSD: 1.6252 to 1.6267 (+0.092%) EURUSD: 1.2987 to 1.2933 (-0.416%) So it looks like that fall in the euro that we saw last week, following the common currency’s two-month climb against the pound and US dollar, wasn’t a one-off then: this week, the euro has again lost out against its main counterparts. This currently puts the pound and greenback at a two-week … [Read more...] about Euro continues to fall on Spanish budget, Catalonia doubts
Euro good luck streak ends as Eurozone data points to recession
Welcome to the Pure FX account of the latest changes in the euro exchange rate, covering the 14th to 21st September 2012. This is intended as a brief guide to movements in the euro this week, to put you in the best position when you exchange currencies. Exchange rate changes GBPEUR: 1.2415 to 1.2511 (+0.773%) GBPUSD: 1.6198 to 1.6252 (+0.333%) EURUSD: 1.3048 to 1.2987 (-0.468%) So the euro’s run of good luck comes to an end! The common currency lost out against the pound and US dollar for the first time since mid-July this week, as faltering economic conditions point to recession in the Eurozone, and Spain keeps the markets guessing about whether it intends to tap the European … [Read more...] about Euro good luck streak ends as Eurozone data points to recession
Avoiding the risk of Spanish property embargoes
Let’s take one particularly disturbing example of what can happen. Mrs Jones is a non-resident who used to own a property in Spain. In July, unknown to her, it went to property auction and was sold to a third party for a price of less than half its value. The reason? She had failed to pay her I.B.I (council tax) bill and combined with fines and interest she owed €1,700. What was perhaps even more worrying was that Mrs. Jones hadn’t a clue what was happening as she had not been in Spain to receive her mail and there was no one available to check her post box. The other means of informing her of her debt also passed her by. The Boletín official del estado is a list of debts and other … [Read more...] about Avoiding the risk of Spanish property embargoes
US dollar continues to slide on ECB and Fed stimulus
Welcome to the Pure FX account of the latest changes in the foreign exchange rates, covering the 7th to 14th September 2012. This is intended as a brief guide to movements in the exchange rates this week, to put you in the best position when you exchange currencies. Exchange Rate Changes: UK pound to euro: 1.2601 to 1.2415 (-1.476%) UK pound to US dollar: 1.5939 to 1.6198 (+1.625%) Euro to US dollar: 1.2644 to 1.3047 (+3.187%) The US dollar in particular lost an astonishing four cents against the euro this week, as investors remained upbeat about the European Central Bank’s bond buying scheme, while rejoicing on reports the Federal Reserve has announced more stimulus. So, the … [Read more...] about US dollar continues to slide on ECB and Fed stimulus