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Lately the ranges the euro has been trading in have narrowed to the point where we feel any particularly sharp weakness would occur nly from something majorly unexpected. The current trend on GBPEUR and the range bound nature makes it unlikely we will see any particularly strong movement either way. I personally think the market would lean closer to the 1.20 level and that we will see 1.20 before 1.30.
It is however in these circumstances where we often expect no major movement that investors and clients alike can be caught out! A surprise move by the Bank of England or indeed the European Central Bank could easily swing the market out of the current levels.
For a full explanation of all of your options and an explanation on how we can save you up to 4% on your money transfers please get in touch with me Jonathan on 01494 787 478 or email jmw@Currencies.co.uk