Pound sterling reaches an eight week high!

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The foreign exchange rate for sterling has reached an eight-week high against the euro.

Yesterday, (August 23rd), the pound was trading against the European currency at €1.22 at 09:30 BST.

Concerns about a fragile economic recovery in the eurozone held the single currency back while positive data has been shown to have a lasting effect on the pound.

Last week, the Office for National Statistics revealed figures showing that retail sales volumes in the UK rose nearly three times faster than expected during July.

Comments from the European Central Bank’s (ECB) governing council member Axel Weber had a particularly negative effect on the euro as he suggested that the ECB should extend its loose monetary stance, suggesting that the economy in the eurozone was still in need of assistance.

Call Zoe on 0044 1480 458400 to see how much money you can save with FX-Foreign Exchange.

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Live currency exchange rates are shown in our rate watch form. They are updated every 12 minutes and display the mid rate between the buy and sell rates. If you would like a quote for the best foreign currency exchange rates today, please contact us. Global Currency Exchange Network: No commission and No transfer fees.

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Currencies - Cross Rates

	GBP	EUR	USD	AUD	AED	SEK
GBP	1	1.1597	1.56125	1.58516	5.74109	10.66881
EUR	0.86229	1	1.34626	1.36687	4.9505	9.19963
USD	0.64051	0.7428	1	1.01531	3.67723	6.83349
AUD	0.63085	0.7316	0.98492	1	3.62178	6.73045
AED	0.17418	0.202	0.27194	0.27611	1	1.85833
SEK	0.09373	0.1087	0.14634	0.14858	0.53812	1

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Our service is very simple and is used every working day by hundreds of clients. Once you have registered with FX-Foreign Exchange, you will be given a client number. You can then choose from a number of options to make your currency exchange. You can:

- Telephone, or email us, with your request to exchange one currency for another
- Use our online currency exchange system, designed for spot trades below the equivalent value of £4,000.
- Use one of our forms online, and we will call you back.

When you decide to go ahead, this is what happens next:

- We will speak with you and offer you a fixed exchange rate for your currency deal. (We always aim to beat the high street banks)
- If you decide to go ahead, we will create a contract to buy, using your client number and will email this to you as a copy of the trade.
- You then transfer to us, the agreed amount of the currency that you are selling.
- When the money arrives in our secure client account, we exchange it for the currency that you wish to buy at the agreed exchange rate.
- We then send the money straight to the bank account that you instructed us to send it to, with no charge for transferring abroad and no commission.

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