The Pound to Euro exchange rate has been range-bound for almost two months now, and although the rate has breached the general range of 1.13 to 1.14 the pair have generally been found trading at this level.
Both the UK’s future as well as the Pounds value are currently both uncertain at the moment as Brexit negotiations are currently taking place, and much of the Pounds short term movements both in the lead up the Brexit vote as well as since have been determined by political commentary.
Whilst I think there could be a short term spike in the GBP/EUR exchange rate in either direction off the back of a major Brexit related headline, it’s likely that the rate of inflation and whether or not there will be an interest rate hike from the Bank of England will remain the key talking points for the Pound which is why it’s worth keeping in touch with us.
If you would like to be kept updated regarding any short term price movements do feel free to register your interest with us, as being in the financial services sector and working with foreign exchange transactions generally means that we’ve got our finger on the pulse.
If you have a large currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency. A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Joseph Wright) on email@example.com and I will endeavour to get back to you as soon as I can.