GBPEUR has weakened again today as investors continue to baulk at the state of Eurozone debt levels. As discussed last week, it was not even a week and the wheels were falling off the recent ‘resolution’ in the crisis.
I cannot see how this will not continue to remain as a pressure on the exchange rate, particularly with the US debt ceiling issue now resolved. This has caused the dollar to gain about 2 cents, much of which will be investors returning to the dollar due to it’s safe haven status (at the euro’s expense).
The movement today has been close to a cent. The low is 1.1420, the high 1.1494. Do you have time to watch the rate all day? Would you benefit from the service of a specialist currency broker who can not only be your eyes and ears in the market but also secure award winning rate of exchange? Then speak to us!
For a free, no obligation discussion about your currency exchanges either fill in the contact form, call 00 44 1494 787 458 or email [email protected] . Please ask for me Jonathan and quote GBPEURO forecast.
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