Pound euro exchange rates have taken a bit of bruising lately as the Euro remains firm and sterling weak. GBPEUR is only a couple of cents off the lowest rates in nearly two years. This is presenting a very good opportunity to sell euros although rates could get even better.
The main reason for GBP weakness has been the new Governor at the Bank of England saying interest rates are set to remain low for much longer than previously expected. Even an upturn in UK data lately has done little to improve the prospects for the pound. I expect we will continue to see GBP weakness in the future and recommend if you are holding gbp watiing to buy euros, you should move quickly.
For more information please contact me personally on [email protected]