The pound has strengthened against the Euro today for the second day running spiking at 1.1660 on the back of a downgrade on the Italian economy. After yesterday’s poor economic data for the UK I feel that pressure will remain on the pound. As we approach the next Bank of England interest rate decision in August there is a big possibility that we could at this stage see the pound fall to low levels once again when analysts feel that the bank could then look at more easing in the UK.
If you need to buy or sell Euros against sterling then making sure you get the best exchange on your currency transfer can end up saving you thousands of pounds.
All the authors on this site work for one of the largest currency brokers in the UK and we help clients make savings up to 4% If you are looking at an exchange in the near term then by contacting me I can help you achieve a commercial rate of exchange that banks normally offer to corporate clients. If you would like to find out more then email me with your requirement and contact details and I will see how I may be able to assist you.
Thank you for reading
Ben Amrany