Yesterday Mark Carney in his speech (mid afternoon) devalued Sterling which to me is no surprise. Over the last week we have seen GBP/ EUR reach a staggering 1.4240 and the general feel is Sterling exports have now become too expensive for the countries within the Eurozone. Furthermore most of GB’s trading goes to the Eurozone and if exports are too expensive the general consensus is GB will isolate themselves meaning our trade deficit will increase having a negative effect on the GB economy.
Therefore I am of the opinion Mark Carney will not want to isolate GB within the trading markets therefore will carry on devaluing sterling if he has too. Therefore if you are looking to buy Euros now could be a good time. For further information on award winning exchange rates please do not hesitate to email me on firstname.lastname@example.org or alternatively call 01494 787478 and quote Dayle Littlejohn.