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

What happened to Sterling / Euro today?

8th February 2018

Find out all about the latest market moves and what this means for the sterling or euro in your pocket.

Earlier today the Bank of England announced at their quarterly inflation report that not only were they raising their forecasts for UK economic growth and inflation but they also indicated that UK interest rates may need to rise at a steeper pace than previously expected. This would reduce the risk of the economy overheating as the Bank of England sees the UK growing at a quicker pace than is sustainable.
In reaction to the Bank’s comments the value of the pound shot up ~1% against both the euro and the US dollar as markets are now pricing a 75% chance of a UK rate hike as soon as May. 


Please call us on 02830263207 if you have any questions.


Today’s latest rates:
GBP/EUR: 1.13 EUR/GBP 0.865
GBP/USD: 1.35 USD/GBP: 1.41

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Travellers Secrets, Warrenpoint Co.Down

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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

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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