The Euro has has been a slow decline to against both the pound and US Dollar over the last few days. Yesterday the Euro had its biggest one day loss against the USD in around 4 months. For those of you taht are looking at buying the Euro the current levels represent good buying opportunities with the pound up at 1.1730 and the USD trading at 1.3230.
Looking forward over the next month or so the German election will kick into full flow. Merkel’s latest comments ‘Greece should have never been allowed to enter the Euro could be for votes but I feel that if she stays in government for another term then I think that the Euro could well strengthen shortly after the election time.
Angela Merkel looks to have timed her run to perfection, entering the final four weeks of the campaign with the country’s AAA credit rating intact, unemployment among the lowest in Europe, and the economy growing strongly once again following a dismal winter.
With the Euro currently weakening against both sterling and the US Dollar you probably have around a month’s window to look at your trade. Bear in mind anything can occur so if you see a rate which is attractive then I would recommend capitalising sooner rather than later on a spot or forward contract to minimise your risk to volatile exchange rate fluctuations.
If you would like more information on the currency service that we provide please feel free to contact me at firstname.lastname@example.org I can explain all the options that are available to you pus inform you how you can achieve a commercial rate of exchange through us which could save you up to 4% over the high street banks on your exchange.
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