Wow, what a day on the markets so far and one hell of an interesting week ahead!
If you are looking to buy Euros at present then you need to thank the Greeks for making that purchase overseas much cheaper in the last 24 hours. It has been nothing short of madness the way they have been messing around and it has certainly not done the Euro any good as uncertainty once again looms over an already jittery currency market.
Couple that with the fact that the Japanese devalued their currency in the early hours of Monday and it is plain to see a lot of money has been made and indeed lost in the past 48 hours.
Personally, I think that the rates may have a little further to go up however the pattern of the year is Sterling taking a few steps forward and then getting knocked straight back down again so you need to be really wary and be prepared to take advantage of the great gains we have already seen.
Nobody appears to know where to stick their money… the Swiss and Japanese are devaluing the currency, the Eurozone is in all kinds of trouble, the U.S aren’t exactly in great form but the U.K is slowly becoming an option for the perceived ‘safer haven’ as we still have our AAA credit rating at present and GDP figures actually came out better than expected today!
If you have an upcomin g requirement please feel free to comtact me directly [email protected] and I will be more than happy to assist you in getting the best rate of exchange and a fantastic service too.
