Holding out to buy euros at 1.20 could prove a costly mistake

Pound to Dollar Rate Drops to One-month Low

It now looks like the recent rally on GBPEUR has stalled and looking at events on the horizon, moving sooner may be the wisest move. The current outlook for the GBPEUR rate is that perhaps we have reached the peak. To break higher than 1.20 will need something quite big to happen and the events on the horizon all point to Euro strength.

Looking at the next few days there is lots to move the market including the Federal Reserve Bank decision on the Wednesday evening. This is probably the biggest news in many months and investors will be closely watching as to whether or not the Fed ‘taper’ their currency purchases.

The effects on the USD will surely move EURUSD and this will impact the GBPEUR rate as well as many others. If you are making a transfer soon it is well worth being aware of the latest outlook so that you do not find yourself caught out if events take an unexpected turn.

For a free, no obligation chat regarding your particular situation please contact and ask to speak to me Jonathan on [email protected]