Pound Sterling Forecast

The Pound Euro rate is a major talking point for many of my clients at the moment will it or won’t it continue to increase?? Lets look at the main factors surrounding the situation:

Economic data for the U.K has been fairly positive of late, calls for further QE (Quantitative Easing) appear to be dampened now too.

All signs are pointing towards the U.K avoiding a recession next week when GDP (Gross Domestic Product) figures are released however this is not set in stone

There have been calls for the European Central Bank to cut interest rates (An interest rate cut is generally seen as negative for the currency concerned)

Spain is having troubles and is virtually front page news at the moment, this can surely only decrease confidence in the Euro and make it weaker.

All in all i don’t think rates are going to rocket higher but i do feel they will slowly climb in the near term, unless we see the U.K dip back into a recession next week or even indeed if it is really close, if you are looking to sell Euros it would be sensible to sell at least half to protect yourself from further adverse movements. I can help you in terms of getting you the very best rate of exchange when you do look to do this, I have now helped over 550 that have contacted me through this site as if it makes the difference of winning a deal from our competition I am n ot afraid to cut my margins and make your rate much better than you are aleady getting. I work for http://www.currencies.co.uk/referral.asp?F_ID=1215 please take a look at our website we are a Public Limited Company and have been trading for over 12 years now so you can be sure to use us with confidence. If you would like further information then please email me directly djw@currencies.co.uk