EURGBP parity is upon us! UK Bureaux de change offering 0.99 EUR against GBP

Some deliverable FX firms have been offering EURGBP exchange rate of almost one to one. Volatility has reversed this to some extent however parity has now been reached at certain points during the trading day

Indeed it may be deliverable FX, however deliverable FX rates are a good indicator of the market value of currency, and can certainly be used for measuring the values of major pairs on electronic trading platforms.

Today, across the UK, certain deliverable FX firms have begun offering the Euro against the Pound on an almost one to one basis. This also means that now, the gap has closed between three majors – the British Pound, the US dollar and the Euro, which are worth very nearly the same as each other, if these rates are any indicator.

Caxton FX, a major British deliverable FX firm, has been offering a rate of 0.9915 Euros to the Pound at Luton and Stansted airports.

FinanceFeeds today spoke to an investor from the UK who is currently purchasing a holiday home in Portugal’s Algarve for the purpose of renting it out to British tourists. He used Caxton FX in order to transfer the capital (170,000 Euros) to purchase the home, and was given a rate of 0.98 Euro to the Pound.

An enquiry at MoneyCorp, another deliverable FX firm by FinanceFeeds today revealed a huge gap between the locations and companies. MoneyCorp offered FinanceFeeds an exchange rate of 1.11541 this evening.

There is a degree of volatility in the EURGBP pair currently, and the Pound has made some ground however it is clear that parity is indeed here at certain points during the trading day and at certain deliverable locations, signalling the lowest GBP value for 3 years.

Indeed, confidence is high in Britain’s post-Brexit future, and it will indeed be interesting to note how long this level pegging with the Euro lasts before the Pound rockets back to strength.

Source: Google Finance

Read this next


BlockDAG’s Keynote Video Drives $34.7M in Presales, Gaining Traction Among Solana (SOL) Investors and Litecoin Enthusiasts

Discover BlockDAG’s leadership in cryptocurrency, attracting Solana (SOL) investors and Litecoin enthusiasts with its strong growth prospects and groundbreaking mining technology. 

Digital Assets

Mt. Gox users alarmed by $10 billion transfer to unknown wallet

Mt. Gox has transferred 42,830 BTC, worth about $2.9 billion, from its cold wallets, according to Arkham Intelligence data. This marks the first major transfer from the defunct bitcoin exchange in five years.

Digital Assets

FTX co-CEO, SBF’s close associate sentenced to 90 months in prison

Former FTX executive Ryan Salame has been sentenced to 90 months in prison after pleading guilty to criminal charges last September.


BlockDAG Dominates Crypto Presales With $34.7M Milestone, Surpassing Floki And Bonk In Market Influence

Discover how BlockDAG’s cutting-edge dashboard and presale achievements upstage Floki and Bonk in the cryptocurrency arena, signaling superior investment opportunities.

Market News, Tech and Fundamental, Technical Analysis

Dogecoin Technical Analysis Report 28 May, 2024

Dogecoin cryptocurrency can be expected to fall further toward the next support level 0.1500.

Retail FX

Canadian broker Questrade taps TradingView charting

Canadian securities brokerage Questrade has upgraded its web platform by integrating popular charting software TradingView.


Germany lifts N26’s monthly cap of 60,000 new clients

Germany’s financial regulator has lifted a cap on the number of new clients that N26 Bank AG can take on after the fintech company improved its anti-money laundering controls. BaFin, the country’s financial watchdog, will remove the cap entirely from June 1, 2024.


Animals and the money: Octa broker gathered the most popular slang words in financial markets

If you’ve seen ‘The Wolf of Wall Street’ with Leonardo DiCaprio as Jordan Belfort, you might have wondered why he’s called a wolf in the movie. It’s not just a random label. Animals are often used in finance to describe traders, their traits, or market conditions.

Industry News

Octa’s Global Ramadan Impact

Charity activities are an essential part of Ramadan celebrations. Octa seized this opportunity to implement a series of socially beneficial initiatives worldwide. Read about the projects the broker carried out in Indonesia, Malaysia, and Nigeria.