The bad Retail Sales figures this morning confirmed what many already knew, that the GBPEUR rate would be very susceptible to poor UK news. The rate never looked too likely to continue to improve and the German elections this weekend are bound to weaken the rates further in my opinion.
If you need to move GBPEUR funds we can help get the best deals, over and above that offered by banks and other brokers. It is all to do with the volumes of currency we trade as a business that allows us to save you money. The current 9 month high for buying euros has today lowered and it will probably lower further in the coming days. If buying euros it may be worth moving sooner, selling euros wait until next week.
This weekend really could be a very important event on the markets with the German elections and this is bound to effect the GBPEUR rates. For a free, no obligation discussion of your current position and to learn about all of the upcoming events that may affect your rates in the future, please speak with me Jonathan directly on [email protected]