GBPEUR Exchange Rate Update (Tom Holian)

GBPEUR Lower for a Second Week as Bulls Shy Away

During both May and June Sterling vs Euro exchange rates have remained range bound between approx 1.15-1.18 as the markets wait to see what new Governor of the Bank of England Mark Carney may do with interest rates and QE at this Thursday’s Bank of England meeting. As a character he is in favour of keeping interest rates low as shown by his tenure in Canada previously. However, all eyes will be on whether there may be any plans to print more money in the form of further Quantitative Easing.

If you have a currency transfer to make and want to ensure you are getting competitive exchange rates feel free to contact me for a free quote by email Tom Holian [email protected]