The Pound has had an indifferent period with a lot of movement during the last week since the Bank of England announced their first interest rate hike in over a decade.
The central bank moved interest rates from 0.25% to 0.5% and this caused the Pound to plummet against the single currency but we have seen most of the losses reversed since then.
Overnight the Tories have yet again had problems in the cabinet with International Development Secretary Priti Patel resigning causing further headaches and another cabinet reshuffle.
This is the second resignation in the last fortnight with Sir Michael Fallon recently resigning as Defence Secretary.
However, the main news that is likely to impact the rate for buying or selling Euros will be the Brexit talks due to resume today in Brussels.
Prime Minister Theresa May has hinted that things have been going more positively recently and the main subject on the agenda will be that of citizens rights.
If a deal does get secured this could help the Pound improve against all major currencies and open the door to look at trade negotiations in the future.
Therefore, if you’re in the process of looking at buying or selling Euros then keep a close eye out on the negotiations over the next few days.
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 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.