WALES SUMMER SALE!

Wales has a new and exciting Currency Exchange Service covering South Wales. With Locations situated in Cardiff, Bridgend, Swansea & Llanelli you will be sure to have one of these stores nearby.

Cash@Maxx offer High Street beating rates on over 50 currencies Worldwide and will guarantee to beat any Exchange Rates offered by any High Street Bank. We will also buy any leftover travel money you might have left at a rate that you wont find anywhere else.

Did you know you can place an order online? Its as easy as 1-2-3, giving you more control over your Holiday Money. Don’t forget to use the VOUCHER CODE – DRAGON when using our Click & Collect Service you will automatically qualify for the ‘IMPROVED RATE’ regardless of the amount you order!

Voucher code – DRAGON

This offer is valid throughout the summer period so sit back and look forward to your holiday, let us take care of your holiday money!

Order times may vary depending on the currency needed. Please contact individual stores for more information through the branch pages on the website or send us a message using the contact form.

www.currencydeals4u.co.uk

Second Major Defeat For The Government, Market Volatility To Stay?

Last night saw a second defeat for the government on the current proposed withdrawal agreement. The markets moved dramatically hitting highs of 1.176 in the morning when Prime Minister May appeared to have secured legally binding terms over the backstop concerning the border for Northern Ireland. Her victory quickly turned to ashes as the Attorney General pointed out that it really wasn’t the change that had been promised.

The Euro slid back to 1.154 and settled on this before the vote. This led to many currency retailers updating there rates mid-way through the day, an unusual event in itself.

Owing to this result MPs will be voting later on today whether or not the UK will attempt to leave the European Union without a deal on the 29th March.

If MPs vote against a no deal later today then another vote will be taking place tomorrow on delaying Brexit.

It is looking increasingly likely that MP’s will vote not to leave without a deal and will force the government to extend the deadline (with the EU’s agreement, by no means guaranteed). Therefore it is becoming increasingly possible the UK will not be leaving the EU on the 29th of March.

The idea of a no deal Brexit is not popular either in the House of Commons or the EU so the likelihood is for an extension and even Attorney General Geoffrey Cox has said that a Brexit delay is now ‘inevitable.’

All in all continued market volatility is likely as the uncertainty of the Brexit situation hangs heavy.

For great rates in these turbulent times stay tuned to our website and we will aim to continue to keep you posted along the way as the situation evolves.

Storms ahead for the Euro?

Euro volatility is likely in the coming weeks, recent data shows EU growth is currently at its slowest pace since 2014. Italy has just entered a recession and the beating heart of the Eurozone’s economy, Germany has just barely avoided recession.

The situation in Spain is also being monitored closely by the markets. The trial of 12 Catalan separatists has begun. They are in court following an independence bid that was deemed to be illegal in 2017 for Catalan independence.

The Spanish government is playing a dangerous game in persuing the trial. They risk pushing away Catalan separatist parties that have supported the government in a coalition. This has the potential to cause an early election which could be as soon as April.

There is also a worrying situation in France. There is rising popularity in France for the “yellow jacket movement” which is combining with a drop in popularity for President Macron. The elections in May could prove interesting and will no doubt create volatility on the exchange.

Looming like a dark shadow across Europe from across the pond there is also the ongoing trade war with the US. The Trump administration is threatening an increase of 25% in tariffs on cars. This would hit the Eurozone hard, particularly Germany.

Quantitative Easing (QE) which is essentially pumping money into an economy to stimulate growth has recently come to a end. Huge amounts of money in excess of eighty million euros a month were being injected into the european economy a month. With QE now cut to zero it will be interesting to see how the Eurozone copes.

Unfortunately the lack of clarity surrounding Brexit is still outweighing the Eurozone’s troubles. The next key date on Brexit talks is the 26th February where Prime minister May is due to put forward her new proposal for Brexit hopefully with concessions from Brussels. This hope seems to be fleeting however as the European Union has consistently stated no further changes will be made to the deal. The Pound Sterling could face further losses short term if this trend continues.

All in all the currency markets are in for a rough time in the coming months. Here at CurrencyDeals4U we aim to make your holiday planning just that little bit less stressful. So contact us today for great rates on may different currencies that are hard to beat.

And if you use voucher code SPRING when placing your order through the website you will automatically qualify for our improved rate even if the order is under £500. Offer lasts till the 28th of March, terms and conditions apply.

www.currencydeals4u.co.uk

Currency Market volatility continues…

The European Central Bank meet today in Frankfurt for their latest Interest Rate decision and Monetary Policy Statement. Investors are expecting an important day for the Euro with the central bank of the Eurozone predicted to wind down their extensive QE, Quantitative Easing program. This may lead to Euro strength although many suspect the ECB might struggle to be as bold as the market has previously been led to believe.

A number of factors at home and abroad are weighing on the ECB and there are no easy decisions on such a crucial topic. QE was launched back in 2015 to revitalise a stagnant European economy, languishing following the debt crisis era from 2010-2014. The economic boost and benefits were seen with increased growth and with lower Unemployment, hence the trajectory by the ECB since 2017 to aim for winding down their program today.

2018 has however provided Donald Trump’s Trade Wars and fresh European political concerns which, in the last few months have seen rising concerns over economic growth and the political direction within the Eurozone. Germany has recently cut its economic growth forecast for 2018 to 1.5-1.6%, from 1.8% predicted earlier in the year. Italian GDP came out at -0.1% on the last reading which means it could be headed for a recession in the New Year.

The Italian budget standoff does seem to be making progress with Italy agreeing a 2% budget deficit but this is another example of potential issues and problems the ECB has to contend with in today’s decision and in 2019..

The Euro could be in for a very choppy session as the market tries to bridge the gap between what the ECB is telling us and what the economic data appears to be pointing to. Is the recent lower economic growth temporary, or are we looking at a Eurozone headed back towards stagnation, which would trigger wide concerns about debt amongst troubled members like Italy.

Currency Deals 4U is now in Sudbury

Congratulations to Stafford and his team for opening a new store in Sudbury. Not only has it got a perfect location, it has already had a lot of interest with their currency services.

We are certain that this will be a very good addition to our growing network across Essex and now into Suffolk. The townspeople of Sudbury will have access to ‘The Best Currency Rates In Town’ and have the confidence that they are dealing with a company who knows their business.