Sterling Euro rate creeping up to four year record

GBP USD Exchange Rate: The Week Ahead July 25th 

Following an interest rate cut by the European Central Bank the Euro has taken a further tumble and is closing in on a four year record low against Sterling.

The Bank of England did indeed increse their Quantitative Easing programme by 50 billion however this was widely expected therefore did not actually drop the Pound too much initially.

It has indeed been a jumpy afternoon as predicted so to be kept up to date with the very latest news contact me directly [email protected] also see below how you could save money on your transfers, must dash the trading floor is extremely busy as i’m sure you can imagine!