Sterling has seen some very positive gains during the last week after a raft of positive UK economic and political data.
Last Thursday the Bank of England made suggestions that an interest rate hike may be coming sooner than the market currently expects.
Indeed, there are now suggestions that we may see an interest rate hike as early as November although personally I think that will be highly unlikely.
The Pound has gained off the back of the rumours and with Theresa May due to speak in Florence on Friday I think we could see further movement for GBPEUR exchange rates so it will be extremely important to make sure you’re prepared for what could be a very volatile period for the Pound vs the Euro.
Over the weekend the Germans go to the polls and I think if Angela Merkel wins with a clear victory I think we could see the Euro strengthen against the Pound.
If you have a 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 (Tom Holian) on email@example.com and I will endeavour to get back to you as soon as I can.