The GBP/EUR exchange rate has been trading in quite a volatile fashion recently, as key Brexit talks continue to drive the markets.
As we approach the end of the year you could argue that 2017 has been relatively quiet for the GBP/EUR exchange rate when you consider the price changes in 2016, especially immediately after the Brexit vote.
Rather than being solely driven by Brexit related news the usual triggers such as monetary policy from the Bank of England and economic data updates have begun to impact GBP exchange rates, but in recent weeks the Brexit once again has become the main driver of GBP/EUR movement.
Despite this year being less volatile than the last and the pair trading between 1.10 to 1.14 for much of the second half of the year, on large currency exchanges the difference between trading towards the top of this trend compared to the bottom makes a large difference. This is where we can help our clients as we’re able to react to short-term price changes quickly and make our clients aware.
The UK’s Prime Minister, Theresa May is travelling to Brussels today to discuss the Brexit so there could be further updates that hold the potential to move the GBP/EUR pair depending on what’s said.
If you would like to be updated should there be any major moves for GBP/EUR, do feel free to register your interest with me.
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.