Stronger dollar, weaker euro – is now your window to transfer?

1 min read | 12 May 2025 | Author: Tom Holian

Tom Holian

Dealing Director with 20+ years of experience in foreign exchange, supporting clients with property and retirement transfers through clear, reliable service.

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Weekly market headlines:

US-China talks ease recession fears, boosting global confidence. The US dollar has strengthened against the euro, which in turn has pushed pound to euro rates higher. For example, a transfer of €100,000 could now cost you £850 less compared to last week.

UK unemployment and wage data are due Tuesday morning. If figures come in stronger than expected, it could offer support to the pound, giving you a more favorable exchange rate.
US inflation figures, released Tuesday afternoon, could influence future interest rate decisions in the US, affecting dollar-based transfers.
UK GDP results are out Thursday morning. This is a key indicator of the economy’s health and may impact pound strength later in the week.

If you’re planning a transfer this week, whether it’s a property payment, investment, or sending money to family, these upcoming data releases could affect the rate you receive. Speak to a Lumon currency specialist today. Call +44 (0)204 506 5672 to explore your options.

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