Again the overriding trend this morning has been one of Euro weakness compounded by manufacturing figures from Germany, Europe’s largest economy, falling for the third month in a row and with little sign of improving. For this reason, and as I alluded to in my post on Tuesday, I feel the current spike for GBP and USD against the Euro is likely to continue in the short term and for the savvy Euro buyers these are, in my opinion, creating some fantastic buy opportunities. In uncertain economic times, for which we are certainly slap bang in the middle of, I often think the best way to approach the market is to highlight peaks without adopting the approach of wishing the market up, a risky strategy that surprisingly many people adopt. To highlight the current trend, GBP/EUR is representing the best buy levels since February and the USD/EUR the best since January. For this reason, I believe few can argue that to be able to buy the Euro at close to the best level in nearly a year surely creates an opportunity?
Should you have an upcoming Euro purchase, whether it be GBP/EUR, USD/EUR or any major currency for that matter and you would like to discuss the various contracts we can offer then please email me direct to firstname.lastname@example.org