The Euro exchange rate roller coaster continues today with the single currency gaining in early trading over expectations a deal over a Greek swap deal being done today. The Euro hit a one month high against the pound before sterling rallied back 0.5%. The big news is likely to be the news from Greece and tomorrows UK GDP figures and Bank of England Minutes. Any deal over Greece would likely be well received and any signs that the UK is heading back towards recession or more Quantitative Easing and sterling will likely weaken significantly. On the other hand if the Greece situation drags on, or the UK data is better than expected (remember whilst unemployment was up retail figures recently were surprisingly much stronger than expected) and current exchange rate could push back through 1.20.
On top of this the US Federal Reserve meeting takes place tomorrow evening and given how much influence this can have on global confidence I would expect Wednesday to see some big swings in exchange rates. As such if you are buying or selling Euros, and may need to move quickly in case of either a big spike in your favour, or the market moving sharply against you, then please e-mail Colm at email@example.com (put ERF as the subject matter and an overview of what you need to do eg timescales, amounts, currency to buy or sell- the more detail the more specific I can be) or if you would prefer to talk through it on the phone just e-mail me your number.
I would be happy to give you some guidance on how to approach it and also give you access to free registration to get the best exchange rate.