Sterling exchange rates creep down ahead of interest rate decisions

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Sterling exchange rates against the Euro have dropped ever so slightly this morning ahead of key interest rate decisions for both the U.K and Eurozone.

No big changes in interest rates are expected however the possibility of QE for the U.k and the press conference for head of the European Central Bank Mario Draghi who speaks at 13:30pm will be of key importance.

Investors tend to hang of of every one of Mario Draghi’s word during his press conference and it can lead to wild swings for the Euro during this period.

Personally I would not be surprised to not see more QE however comments to be made that it will be seriously considered in the future, followed by another fairly positive press conference from the ECB (European Central Bank) which may lead to Sterling losing a little ground today.

If you would like to be kep up to date with the very latest exchange rate movements involving Sterling and the Euro then please do feel free to get in contact with me directly by emailing me at djw@currencies.co.uk and I will be more than happy to assist you.