Sterling Euro on the up Sterling Dollar still going down

Good morning and just a brief update on whats going on at present with our two most traded currencies.

The Pound is continuing its push towards the 1.20 barrier against the Euro however is dropping rapidly against the U.S Dollar as investors pull funds out of the Euro and place them in so called safer havens like gold, priced in USD. This creates more demand for the Dollar which makes it more expensive to buy, or worth more if you are selling Dollars.

Should you have Euros to sell now may be the time to book out a forward contract as although anything can happen the signs are there that things are only going to go from bad to worse, this is something I can assist with so if you would like more information just fill in the contact form and I will give you a call straight away.