Will the Pound Break through 1.20? (Tom Holian)

GBP EUR Starts the Week with 1.1800 Test

Will the Pound break through 1.20 is a question i’m being asked a lot recently and personally I think yes it will but we’ll need to see both positive news from the UK combined with negative news from within the Eurozone. The Interbank level has broken through this level a number of times already this month but when it has broken above this level it hasn’t lasted very long.

By utilising a Limit Order to secure currency at a pre-determined exchange rate it’s worth speaking with a currency broker in order to make sure you not only get a better exchange rate than by using a bank but also an experienced broker will be able to keep you regularly updated with currency movements.

The Office for National Statistics this morning published figures confirming that UK economic growth has been driven by consumer spending during the third quarter of this year which means that UK GDP has grown at its quickest rate in 3 years.

The Pound is a fraction off its 10 month high and almost a year high for Sterling vs US Dollar.

If you would like to take advantage of the current high exchange rates then get in touch with me directly for a free quote [email protected] Tom Holian

With over ten years in the industry I’m confident I can offer you a better level of service and a higher exchange rate.