The Pound vs the Euro has been moving quite dramatically over the last few days as the Brexit issue continues to dominate exchange rates.
The Pound trading was above 1.14 against the Euro yesterday but has fallen back into the 1.12 level earlier this morning before trading towards 1.14 again this afternoon.
Sterling exchange rates are very unstable at the moment but with our help by keeping you updated we have been able to trade on the spikes as and when they have occurred during the day whether buying or selling Euros.
On Thursday the Eurozone releases its latest set of GDP data for Quarter Three.
The expectation is for growth of 2.5% and anything different could make GBPEUR exchange rates move even further so make sure you keep a close eye out for what may happen when this is released on Thursday morning at 10am.
Overall however the currency markets are likely to be dominated by what is happening with the Brexit talks and if we can get any further clarity then this could potentially help the Pound make some gains vs the single currency.
At the moment the UK appears to be at a bit of a stumbling block and therefore I think we could see some volatile trading days coming in the near future.
Today we have seen the Pound make a fightback vs the Euro after better than expected Services sector data which showed prices have risen at their fastest pace in almost ten years.
With the services sector accounting for almost 80% of UK economic output this is why we have seen the Pound make some gains during today but I think they could be short lived.
If you need to make a currency transfer over the next few days or weeks and would like further information or a free quote when buying or selling currency then feel free to get in touch.
Having worked in the foreign exchange industry since 2003 I am confident of not only being able to offer you bank beating exchange rates but also help you with the timing of your currency transfer.
To find out more contact me directly Tom Holian firstname.lastname@example.org