If you are buying or selling Euros this year or especially before June 23rd I would seriously be considering your position.
The UK’s referendum is now in full swing and therefore we expect GBPEUR exchange rates to continue to slide up until June 23rd. My prediction is for GBPEUR to be fluctuating between 1.18 and 1.22 come June 23rd.
If the UK were to leave the EU many of the leading banks such as Lloyds and HSBC have predicted rates will fall to parity however I believe 1.10 is more likely. Where as if the UK were to remain a part of the European Union I predict rates will increase back towards 1.30.
Many of my clients want to buy Euros now however do not have all of their funds available, we can still help. A forward contract allows clients to lock into todays exchange rates however they pay later for it. All we require is a small deposit.
Data releases to look out for this week are:
- German Inflation numbers Wednesday morning
- UK GDP numbers Thursday morning
- German Unemployment rate Thursday morning
The currency company I work for enables me to achieve clients up to 5% better exchange rates than the high street banks and other brokerages. I specialise in property purchases and sales within the Eurozone. Therefore if you are buying or selling a property in Europe this year and want to save money by achieving the best possible exchange rates but also want help in timing your transfer, get in touch by emailing me on email@example.com. The more information you provide me, the more information I can provide you, below is a list of what I require: your name, brief description of requirement (buying a house in France), amount in Euros, budgets, timescales, telephone number and convenient time to call.
PLEASE NOTE DUE TO THE MARKETS BEING CLOSED FOR THE BANK HOLIDAY I AM NOT IN THE OFFICE UNTIL TUESDAY MORNING. HAVE A GREAT EASTER BREAK AND I LOOK FORWARD TO SPEAKING WITH YOU THEN.