Tag Archives: the best deal on euros against the pound
The Euro has today recovered some of its losses against the pound with GBP/EUR back down at 1.2560. The trend is still Euro positive so if you have Euros to sell our recommendations are to look at your exchange in the near future as the rates could continue to go against you if buying sterling.
Tomorrow could be a volatile day for GBP/EUR as their is a host of data out from the UK most importantly the interest rate decision out at midday. There has been a lot of talk about when interest rates will rise in the UK. This being the main contributing factor to the pound rising so significantly of late. We are not expecting a change in rates tomorrow but if the unexpected happens the pound could rise. We also have all of the trade balance figures for the UK which could be a bigger market mover than the interest rate. A healthy number will surely be GBP positive.
In Europe there is the ECB monthly report. They will discuss the current economic situation in Europe and as things have not been going to well a dip in the value of the Euro is expected. his will be good for Germany as the lower the Euro goes the better it is for their exports.
If you are buying Euros I would be exchanging your funds on spikes in the market to keep capitalising on the favourable rates. If you require buying or selling the Euro then you may find out more about our service by emailing myself Ben Amrany at firstname.lastname@example.org
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To readers who have euros to sell and wish to buy sterling I would not hang around too long. The recent dips in your favour today and yesterday should definitely in my opinion be viewed as a good time to sell. The longer term forecast clearly appears to favour the pound over most currencies and whilst exchange rates are not as good as they were some months and years ago, there is a very strong likelihood it will get worse.
If you need to sell euros for the pound soon or in the future it is probably a good idea to consider a forward fix on the rates to help further reduce the uncertainty. The longer term forecast for the pound is that the UK will raise interest rates well ahead of the rest of the US and the ECB which should result in much higher rates in the future. The big questions of course is when exactly this will happen, some have forecast the move this year for the UK, others early 2015.
For more information on the exact price we could offer to you why not make an enquiry direct with me Jonathan on email@example.com