The Euro has continued its rise against the pound finding better ground against the British currency on continued fears over a hard Brexit. The latest news is that President Macron in France has been very unsupportive of Theresa May’s plans to promote her Chequer’s plan as the way forward in these negotiations.
Expectations for the Euro are that we will see further improvements in the future as continued economic might and also strong political will, continues to present investors with reasons to be positive over the future. With the UK under the strain of Brexit uncertainties there is a real chance that the pound will remain weak and whilst the US dollar is performing well, there is a real chance here too, that political uncertainty from the Trump administration might make the Euro a more positive currency to be holding.
Key information this week to move the Euro will be the Inflation data on Friday 31st August, we are expecting potentially some further good news on Inflation rising which is supportive of an interest rate hike in the future for the Eurozone. The ECB, European Central Bank, has laid down some foundations for an interest rate hike in the future, potentially the summer or end of 2019.
Clients with a Euro requirement buying or selling might find the Euro continues to trade strongly, particularly against the pound, there does appear a real chance the Euro will make further gains, the 2018 low of 1.075 does seem very much in focus.
For more information on the best rates and strategy buying or selling Euros with pounds, please do not hesitate to get in touch with me Jonathan Watson to discuss further. Please email me on firstname.lastname@example.org to discuss further.
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