This week key Brexit developments have been announced and for clients selling euros to buy pounds, now is the time to seriously think about converting your currency. Exchange rates are still fantastic for selling euros to buy pounds and on a €200,000 transfer you are still receiving £25,000 more compared to Pre Brexit levels.
UK Prime Minister Theresa May announced this week that she is prepared to pay the EU €50bn as a divorce bill and reports are suggesting that it has been received well. Nothing has been confirmed by the EU however it looks promising.
The next key meeting in the EU summit on the 14th and 15th December. At the meeting the EU will decide whether the UK and EU can begin trade negotiations. I’m of the opinion that this is going to be a good meeting for the UK and EU and trade negotiations will begin early next year.
Today Eurozone inflation numbers have disappointed which is a worry for the EU as the ECB tapered the QE program recently. If inflation continues to fall this could be a worry for Mario Draghi and the President and he may have to reverse his decision.
The currency company I work for has won numerous awards for exchange rates therefore it enables me to trade GBPEUR / EURGBP at rates better than other brokerages and high street banks. I would recommend sending an email with a brief description of your requirements and your timescales (this is very important, the length of time you have will change your options) and I will email you with my strategy and the process of using our company email@example.com. Dayle Littlejohn.
If you are already using a brokerage and would like to know if you are receiving the best rates possible email me with the exact figures and I will reply with our live price. This will take you a few minutes and in the past I have saved clients thousands!