Busy week for GBPEUR, what can we expect the rates to do?

GBP EUR Exchange Rate: Weekly Review July 16  

There is a whole host of economic data still to come this week and it looks to me like those most prepared will get the best deals. With no clear direction being established on the exchange rate pairing we are seeing lots of volatility which will affect your rate.

The exchange rate is very sensitive to economic data at present and Thursday is without doubt the big day with news on whether or not the UK economy has been in a triple dip recession. If you are considering an exchange soon, it is really worth making sure you have explored all of your options before you make a decision.

If the UK is in the dreaded triple dip it is likely the pound will lose a cent or two against most currencies. On the other hand if we are not, then it is likely the pound will gain up to a cent. The importance of the data cannot be overstated and it is highly likely those who are the most prepared will be the ones who get the best deals.

Our specialist service is designed to ensure our clients are well informed and up to speed on the latest news in the market. We are working with the rates all day long and have a wealth of experience in managing the needs of clients, both corporate and private. Even if your exchange is just a one-off speaking with us is very much worth your time.

I look forward to hearing from you. If you are unsure about anything please feel free to contact me on the email address. The savings we can offer versus the banks are very strong reasons to consider what we can offer.