The next 3 Thursday’s are going to be very important as we get the latest news on some key components of Euro exchange rates. Next Thursday is arguably the most key news with the latest ECB (European Central Bank) decision which could have a big effect on Euro rates. The ECB is currently in a process of winding down it’s QE (Quantitative Easing) program but will recent events in Italy have changed the picture?
Next week is also important as on Wednesday evening we have the latest US interest rate decision which is likely to be a mover on EURUSD rates. The decision is out of hours around 20h00 CET which means it might be well worth making any plans ahead of the actual event, rather than waiting until the next day.
The following Thursday is the latest Bank of England decision where again there is speculation about future economic policy, the Euro has an important relationship with the pound relating to Brexit, any big swings on the pound could influence the price of the Euro too. The Thursday after this is also important on the 28th, this is because this will be the latest EU Summit where we learn of news on Brexit which might affect GBPEUR rates.
All in all, GBPEUR has been trapped in a very tight range. Since November 2017 we have only seen just over 4 cents movement between the high and the low. At some point in the coming weeks and months this must surely break out, I think the coming twists and turns on economic policy from the ECB could be crucial.
If you are looking to make a currency exchange involving the Euro, buying or selling, please contact myself Jonny be emailing firstname.lastname@example.org
Any information is provided completely free of charge and at no obligation, I am very sure I can offer you something you will find interesting and insightful, maybe amusing too!
Thank you for reading and I look forward to hearing from you.