Interest rate day – GBPEUR forecasts – STEVE EAKINS

Today is a key day for both the UK and Europe as both Central banks release their interest rate decisions. The general view is that the UK will keep rates on hold at the record low of 0.5% where it has been since march 2009. The view however is that the Europeans could signal a potential cut in their rates in the near future. This would significantly weaken the single currency if confirmed and could easily push rates up towards 1.20 again.

I personally think that there will not be a cut but there will probably be much talk about it coming in the near future which will still weaken the euro and potentially give buyers the best price seen for some time. We are already near a year high so everyone with Euros to buy should be ready to move quickly on this release.

if you are reading this and in this situation we can help. With our 12 years of experience helping people in your situation and multiple awards for our service and rate of exchange you can be comfortable you will save money. Simply put if that was not the case – we would not be in business!

For more information feel free to contact the author – STEVE EAKINS – via email at hse@currencies.co.uk or by calling on the number at the top of this page.

Happy trading

View Steve Eakins's profile on LinkedIn