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GBP/EUR exchange rates creep up over the course of the trading week

Despite the dramatic events of July taking what I believe could be a turn against the rate many of the gains we saw for the pound remain. Yesterday’s GDP figures highlighted that the UK’s economic recovery is edging along. 0.2% growth is nothing to ring home about, but it is a sign we are moving along in the right direction.

Looking at the huge amounts of global insecurity at present it is encouraging that the UK didn’t have a quarter of negative growth as some analysts predicted ahead of yesterday’s release. The US debt ceiling has majorly weakened the dollar and the sticking plaster that has been applied to the euro debt crisis will surely peel off soon.

If you have any currency transfers to make and are wondering what may happen on the exchange rate why not speak to us on GBPEURO to see if we can help? We are specialist currency brokers who have won awards for our rates and levels of service.

If you are unsure if you are getting the best deal I personally have never had a problem beating not only the banks but other brokers to ensure my client’s get the best deals consistently. For a free, no obligaiton discussion on the best exchange rates please get in touch on 01494 787 458 (International 00 44 1494 787 458) or use my e-mail [email protected] Please ask for Jonathan and quote GBPEURO forecast for preferential rates!