Sterling strength continues Euro weakness and attitude to risk is dropping like a stone.
The Pound has started the week off fairly strongly once again against most major currencies as European woes continue and global risk seems to be getting lower by the hour… I know my shares are certainly tumbling off the back of this news too which is quite depressing!
Pretty much daily now we are seeing new problems either economically or politically throughout the Eurozone and it looks like this trend could easily continue.
We have France with a new President seemingly unwilling to get involved with austerity, Greece not being able to agree on anything, Spain bailing out their banks and a whole host of other problems dotted around.
Nothing is set in stone and suprises can pop up at any point on the currency market but with the Pound seemingly being used as a safer haven and all of the above actually happening personally if i had Euros to sell I would be looking at doing something fairly rapidly.
Regarding buying the riskier currencies it does become tempting to at least hedge your bets and book half of your requirement so that you can at least guarantee yourself half of your funds at a rate that would have been fantastic around six weeks ago.
If you were planning on using your bank for the exchange then i can assist you, likewise if you currently use a broker I am only one email away for you to compare to make sure you really are getting the best rate of exchange for your transfer.
Feel free to get in touch with me directly djw@currencies.co.uk or join or mailing list by filling in the form at the top right hand corner of this page, only this morning I helped a client who has ended up with over £12,000 more of Australian Dollars since he has been following this site both in terms of holding off from booking out a rate when we were a lows a few weeks back and getting a much better rate of exchange than his bank now he has decided to book out his currency.
