The Pound vs the Euro has improved during the course of the week with a strong end to the week with better than expected UK economic data.
Both UK Industrial production and Manufacturing data both came out very strong which gave the Pound a welcome boost vs the single currency.
With the Bank of England having cut interest rates for the first time in over ten years earlier this month we have the latest set of inflation data due out on Tuesday.
With inflation having hit 3% recently this was one of the main reasons for the central bank’s decision to cut rates but equally the Bank of England have suggested that any further rate rises will be very limited and gradual.
Therefore, the inflation figures out next week could potentially cause a lot of movement for GBPEUR exchange rates on Tuesday.
This will be followed by UK unemployment data due for release of Wednesday. UK unemployment data has been very strong during the course of this year and therefore we could see the Pound make gains vs the single currency towards the middle of the week.
If you have a need to make a currency transfer in the coming days, weeks or months then feel free to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency compared to your bank or another currency broker.
Even a small improvement in the exchange rates can make a big difference so feel free to to email me with details of your requirement and you may find you could save yourself hundreds if not thousands of Pounds. You can email me (Tom Holian) on email@example.com and I will respond to you as soon as I can.