GBPEUR has climbed a massive 3 cents in the last couple of weeks which is a huge improvement and most unexpected. The current GBPEUR forecast is that this improvement will not climb much higher, why is this?
Top of the market?
The good news for the UK is now well and truly out in the marketplace. The chances of us seeing significant better UK data is very slim. Tomorrow’s Public Sector Net Borrowing data could easily prove the UK is still very much under the cosh financially and weaken GBP.
Good news in Eurozone
Just lately we have had lots of good news in the eurozone including them coming out of a recession. This has helped the Euro to strengthen and means any major sell off on the Euro is unlikely.
When should I buy or sell euros?
I think that if you are selling euros current rates are well worth taking advantage of. Conversely if you are buying it might be worth seeing if the pound spikes up a little more later this week with the UK GDP figures.
If you are weighing up a currency transaction in the coming days, weeks and months why not speak to me for some extra information. I work as a specialist currency broker and can help with information to make an informed decision on when to enter the currency markets , as well as an excellent rate of exchange.
Please feel free to speak to me Jonathan directly on [email protected] or call 01494 787 478 and ask to speak to me Jonathan.
I look forward to hearing from you soon