UK (0)28 3026 3207 / ROI +44 (0)28 3026 3207

Forget the sunshine! Clouds descend over Sterling

20th April 2018

Another turbulent week for GBP/EUR. Read more for the highs and the lows and what you should do now.

Sterling had another turbulent week this week with GBP/EUR reaching a high of 1.15 on Tuesday and a low of 1.13 this morning. This resulted from weaker than expected U.K. inflation data released on Wednesday, which made the pound fall 1% vs the euro and dollar. The pounds recovery was further hampered on Thursday by Bank of England Governor Mark Carney, who cited concerns over softer UK data and inflation. The probability of an interest rate hike in May has now reduced to around 50% from 90% earlier in the month. Sterling fell another full 1% on the back of Carneys comments. However this morning it has recovered slightly and it looks like it could be on its way back higher! We’ll continue to keep you updated. 

"The Bureau Buttercrane provide a personal service that really sets them apart from other currency providers. If we need a fast transfer we know we can call or email and have confidence our business will be transacted straight away at the best available rates."

Travellers Secrets, Warrenpoint Co.Down

"We use Bureau Buttercrane for the best exchange rates, fast online transfers and great customer service. We wouldn’t hesitate to recommend Bureau Buttercrane as a first class currency exchange provider."

Fiveways Shop & Filling Station, Newry Co.Down.

"I always recommend Bureau Buttercrane for currency exchange, I have been changing money with them since 1995. They always provide the best exchange rates and the staff are helpful and friendly. An exceptional service every time!"

C.R. Morrow, Authorised Vauxhall & Hyundai dealer, Newry Co.Down

"As a firm that operates both sides of the Jurisdiction, we at Luke Curran Solicitors have no hesitation in recommending The Bureau, Buttercrane to our Clients, for a professional and efficient service. A truly trustworthy company to do business with and we can not recommend them highly enough."

Luke Curran and Co. Solicitors, Newry, Co.Down

"Great personal service with top class rates, we always exchange our currency with The Bureau Buttercrane."

Dalzell's, Markethill Co.Armagh.

"Great rates, friendly staff and a pleasure to do business with. That's why we wouldn't go any where else."

Milestone Supermarket, Rathfriland, Co.Down