GBPEUR for the first time since the 12th of March 2016 has broken through 1.29. In the last 2 weeks GBPEUR has risen over 5 cents making a €200,000 purchase £6,000 cheaper.
If you are buying Euros before June 23rd I believe this spike should be taken advantage of, as I expect exchange rates will drop back towards the lower 1.20s in the upcoming weeks.
The reason for the sterling gaining momentum has to be David Cameron has played his trump card in US President Barack Obama. The President has been rallying votes this weekend by stating the UK wont be able to negotiate a trade partnership with the us for 5-10 years therefore leaving the EU would isolate the UK.
The ‘out’ campaign have been very quiet since the campaigning begun 2 weeks ago and I expect its only a matter of time until they start to fight back. Consequently I expect rates to fall.
If you are looking to buy or sell Euros this year (especially before June 23rd), 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. Therefore if you are buying or selling a property 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 firstname.lastname@example.org. Alternatively if you would like to discuss your requirements over the phone call 01494-787478 and ask to be put through to Dayle Littlejohn
The more information you provide me, the more information I can provide you. Below is a list of what I require: your name, currency pair, brief description of requirement, amount, budget, timescales, telephone number and convenient time to call.