The Pound to Euro rate has fallen again this morning, after some positive data from the Eurozone has resulted in a stronger Euro against most major currency pairs.
GBP/EUR is trading in the early 1.12’s now after the European Central Bank surprised the markets yesterday and announced plans to end their huge stimulus scheme. This is of course considered good news for the Euro as it confirms that the economy within the Eurozone has recovered to a level whereby assistance is less needed now.
Overnight further good news for the Euro came out as it’s emerged that the German coalition talks are close to a breakthrough which is highly important for the engine room of the EU. Angela Merkel will be very keen to resolve the issue as reports recently have shown that many Germans are beginning to lose confidence in her ability to lead the country.
This bout of positive news for the Eurozone has resulted in the Euro hitting a 3-year high against the US Dollar, as the pair are now trading over 1.21.
If you’re planning on making a currency exchange involving Euros, Pounds or any other major currency pairs do feel free to register your interest with me, as if there is a spike in the rate we can help keep clients updated.
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 firstname.lastname@example.org and I will endeavour to get back to you as soon as I can.