Many clients have been waiting for an opportunity to buy the euro cheaper and this came in yesterday’s trading session when the euro had its worse day in 7 months. It was due to a comment by the head of the European Central Bank when he said the recent euro strength creates a danger that inflation will slow. The French and Greek presidents have publicly voiced similar concerns earlier in the week. GBPEUR climbed up 1% and USDEUR by 0.9% within the matter of 30 minutes. This matches the pattern of a spike and I expect rates to fall back slightly in the near future.
Clients that had registered their interest in these opportunities took advantage yesterday but you can still take advantage if you are quick, call on 01494-725353. If you would like to register for spikes please do so by emailing by contacting me Steve Eakins at [email protected]