Tag: euro
Business Currency Updates

Sterling Euro exchange rate skyrockets puzzling analysts

Last week’s strong hints coming from the Bank of England that an interest rate hike might come sooner than expected caused Sterling’s exchange rate against the Euro to surge to two-month highs! Yet, Sterling was already appreciating at the beginning of the week and finished off with an impressive climb, approaching 1.14 Euros. The European...

TransferGo Blog
Business Currency Updates

Euro to two-year high as Sterling’s freefall bottoms

North Korea tension and Brexit negotiations’ third round ending in stalemate last week made investors seek safer-havens such as Euro versus Sterling. As a result, Euro surpassed the resistance at 1.20 against the US dollar at the start of the week, whilst Sterling bottomed at an 8-year low against the Euro. However, GBP traders welcome...

Jim Makos
Updates

The evolution of Money by TransferGo

January marks the anniversary of the Euro currency. To celebrate TransferGo have created a video that delves into the introduction, history and evolution of money, looking at how we come to have the different currencies we have today. Money has changed considerably since it was first introduced and the video, created in a fun cartoon...

TransferGo Blog
Currency Updates

UK Pound to resume downtrend after High Court decision

As the High Court ruled on Thursday that the UK government could not trigger Article 50 without a parliamentary vote, Sterling swung favourably and paused its fall. It might be a short-lived positive swing though, as we explain below. Meanwhile, Euro gained against a weakening US dollar last week, but it may also struggle to...

Jim Makos