Euro Strength Against The Pound- Could Be A Good Opportunity To Sell

The Euro has surged back against a weakening pound as Mark Carney has talked down the prospect of an imminnent interest rate hike in the UK.  Following Wednesdays huge surprise on the UK jobs figures, and the increased speculation of a rate hike (which in my view was misplaced and sterling was overvalued), this has come as welcome relief for Euro sellers.  With the US Fed decision next week, and long term forecast for European rates not particularly brilliant it may be worth hedging bets and selling some Euro now to safeguard against any negative movement next week.   This could be a good opportunity to sell.

If you do need to change euro into sterling then please feel free to contact me directly by calling 01494 787 478 and asking for Colm, or emailing cmg@currencies.co.uk and I would be happy to give you an opinion based on your exact requirements (eg timescales, amounts etc).  Our currency transfer service will likely save you a small fortune compared with your bank or other currency suppliers.  There is no cost or obligation in contacting us and the information about when to change could prove invaluable to you.