The Euro has been much weaker against many currencies on the back of the recent Spanish and German news. Angela Merkel is cutting a severely diminished person in both German and European politics whilst the threat of Spanish civil war is not likely to see the the Euro brimming with confidence. Unfortunately the politics of the UK is not without problem and the outcome from the recent Tory Conference is that Theresa May is losing credibility. Brexit concerns have surfaced on numerous fronts this week and it seems like the pound will continue to struggle against the Euro.
If you have a transfer to buy Euros with pounds then making plans in advance seems to me the sensible option to avoid the possibility of the rates going back below 1.10. The main reason for the pound rising against the Euro was increased expectations the UK would look to raise interest rates in the future. This is now looking less and less likely so if you have a transfer to make buying Euros with pounds, and are looking for an opportunity, moving sooner than later might be best.
The pound is currently up to some of the better deals in almost 3 months and the trend appears to be reflective of rates sliding back towards 1.10. If you have a transfer to make buying or selling Euros in the coming weeks then making plans in advance is sensible. For more information on the best rates and how to maximise the exchanges you will need to do, please speak to me Jonathan Watson by eamiling email@example.com.
Overall the pound looks like it will continue to struggle against the Euro, even with fresh concerns over the political situation in the Eurozone. If you wish to understand more about the rates or the future currency forecast, please speak to me Jonathan by emailing as above.
Thank you for reading and I look forward to hearing from you.