NewsCase StudiesEvents

GBP/EUR remains flat even after positive GDP data released

Also in the news...

Apply to use simplified declarations for imports you entered in your records without authorisation

Choose how you’ll make supplementary declarations for goods that you entered into your own records without authorisation.

UKEF backs Leicester sustainable packaging firm in Australian expansion

UK Export Finance announces support for a UK luxury sustainable packaging company to expand into new foreign markets.

Hundreds of new UK jobs as Nigerian companies confirm millions in investment

Hundreds of new UK jobs are set to be created as Nigerian companies scale up their operations, reinforcing Britain's position as a leading global business hub.

Chancellor lands major investment with Spain as she prioritises closer ties with Europe

Rachel Reeves visits Madrid to meet 120 of Spain’s top businesses and investors and Minister of Economy, Trade and Business Carlos Cuerpo

France: providing services and travelling for business

Guidance for UK businesses on rules for selling services to France.

GBP/EUR remains flat even after positive GDP data released

Back to News

With many in the Eurozone trading the Euro is always one to watch and the past month has seen a staggered decrease of the British Pound Sterling to Euros. Earlier in the month reaching over 1.1975 to todays rate which stands at 1.1608.



This is thought to be due to last weeks UK GDP data provided grounds for encouragement regarding the future prospects of the British economy. The figures revealed that the UK PLC’s economic recovery appears to have gained traction in recent months with GDP expanding by 0.8% during the third quarter of this year. However GBP/EUR remains slightly flat.

Keep an eye on the rates and consider booking a forward when they reach what you wish to achieve. Whether you need to make a one off payment or multiple bookings, you'll have the advantage of knowing that once you have booked a Forward; your rate is locked in for up to 12 months ahead. This means you'll know exactly the amount of currency you'll get when you need to make your money transfer particularly if you're a business, this will make forecasting a lot simpler!

Register to book a forward contract with Startup Overseas currency service.

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.