September promises to be a very interesting month for the GBPEUR rate. Have you made provisions for exchange rate fluctuations? Doing a quick bit of forward planning now could potentially save you thousands of pounds!
Today – We have had a range of smaller scale economic releases this morning. German Retail Sales dropped, but UK house prices rose, not much movement on the rate as investors lay low ahead of bigger events on the horizon. The bigger news today could be from the US this afternoon when at the Jackson Hole Summit in Kansas, international leaders meet to discuss economics and international issues. Europe will certainly be on the cards, interestingly Mario Draghi, ECB President has pulled out of this. Ben Bernanke the Federal Reserve Chairman will speak possibly talking about more QE for the US which could move EURUSD. Inflows out of the USD and Euro could affect GBPEUR.
Next Week – A Very Important Week if you are interested in GBPEUR or EURGBP
As it is the start of a new month we have a wide range of economic data which is likley to affect the short term movement on GBPEUR. If you are buying or selling Euros, these releases could move the market that little bit which will allow you to trade at your preferred level. Exchange rates move every 2 seconds and for a wide range of reasons which is why it is very important to know what is happening.
Part of the service I provide is to watch the market for my clients so that they do not miss their rate and are aware if there is a sudden change of movement on the rate.
Nex week and next month we also have various Eurozone meetings and important dates for the Euro. The rate is being driven by the headlines and we are sure to see movements on up to 2 cents in either direction over the course of the month.
I am sure anyone buying Euros would be distraught to see the rate fall further for them. Those clients kicking themselves for not buying at 1.28 may soon be kicking themselves for not buying at 1.26. Whether buying or selling a property, buying or selling a car, settling an inheritance, shool fees, mortgage payments, whatever your need to send money overseas, I am positive I can save you money.
If you have any currency transactions to consider I can guide you through the process of transferring money internationally at a commercial exchange rate, much better than the banks.
Please do not hesitate to contact me Jonathan personally on 01494 787 478 or email [email protected] for more information. There is no cost for this service.
I look forward to hearing from you and making sure you do not miss out on your dream rate.