The Euro has strengthened by almost 3 cents today against the Pound as rumours are that a Greek deal has been agreed for Friday’s repayment deadline.
Sterling Euro was as high as 1.41 this time last week but has fallen into the 1.36 territory as it appears as though the Greeks have sorted out the issue..at least for the timebeing!
Positive data in the form of Eurozone inflation data came out this morning at 0.9% compared to the expected 0.7% which has seen the single currency strengthen against the Pound, Dollar and Japanese Yen.
Tomorrow morning Eurozone unemployment data as well as retail sales data are due out. This could cause some volatility for Sterling vs Euro exchange rates and in the early afternoon the ECB interest rate decision is announced.
If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian [email protected]