January 2009 saw sterling at an all time low against the Euro, and falling against the US Dollar. With further UK interest rate cuts expected later in the month, it seems unlikely that the Pound will return to the previous heady levels of €1.49 to £1.00 this year.

So how can you maximise your Pounds to Euro transactions?

If you are one of those people who have a Euro mortgage or are receiving your UK pension in Euros or Dollars. There is a way of helping the poor Sterling to Euro exchange rate and maximising the value of you good old pounds.

Transferring money internationally through a bank is often subject to sending and receiving charges both banks on both sides of the trade. There is often a commission charged for changing Sterling to Euros, and in addition, your bank will often make an attractive profit from the rate of exchange they apply to the trade.

Get around this by using the services of an experienced currency broker. With FX-Foreign Exchange regular monthly transfers are now free from commission and free from bank transfer fees on both the sending and receiving bank. In addition, FX-Foreign Exchange guarantee to beat any Bank exchange rate for an identical transaction.

• Best Rates of Exchange.
• Zero Commission Fees
• Not Telegraphic Transfer Charges

Find out how much you can save Today with this handy online comparison tool.

Rates cut to all time low by Bank of England.

Rates dropped today by 0.5 percent to 1.5 percent, the lowest in the Bank’s 315-year history.

The Bank has had to balance the immediate interests of the UK economy against the potential wider economic fall-out with the distinct possibility of the currency rise of the Pound yesterday against the Dollar and the Euro, being instantly wiped out.

This could have an immediate effect on the recent strength of the Pound. If you have Pounds to sell, it may be worth contacting our currency dealers now.

Keep a close eye on the currency fluctuations with our LIVE CURRENCY RATES CONVERTER . If you are considering changing money over the next few days, you may wish to consider using some currency tools such as a “stop loss order” or maybe buying your money in advance of when you need it at a point when the rate is best for you. This is called a “Forward Currency Contract”.

Read more on types of currency transaction here, or just call us and we will gladly explain how we can help you.

• We trade commercial amounts of currency, at commercial rates.
• We don’t charge for transfers in excess of a monetary value equivalent to £5,000
• We don’t charge commission
• We DO give you an individual executive dealer to talk to

From outside the UK: 0044 (0)1480 458400