The Euro has weakened against both the USD and GBP over night and I feel the trend today may continue. Eyes are firmly set on UK data releases with an extremely busy day ahead. UK unemployment and the bank of England minutes will be released at 9.30. Any move below the 7.2% for unemployment should cause the pound to gain on the Euro before we have the chancellor announce his plans for the UK budget. If I was buying Euros I would be targeting the 1.20 rate on the interbank to look at locking ion your trade.
Against the USD over in the states the FED will be announcing their interest rate decision for March. No change is expected but with rates for buying the Dollar close to a two and a half year high you may be wise to look at buying the Dollars you need before rate goes against you. We expect the Dollar to recover once they step up their Taper which we may learn about this evening.
If you are in the situation needing to move money internationally and looking for the best price – please feel free to contact the author – Ben Amrany – via the telephone number at the top of the page or via email at firstname.lastname@example.org