GBPEUR has defied expectations and fallen back into the 1.19’s as the ECB affirmed rates will remain on hold and ruled out any immediate need for further easing in the Eurozone. With the rates expected to climb up to the mid 1.20’s this is a great spike for Euro sellers to enter the market.
The ECB lowered their growth forecasts but expect inflation to rise reducing earlier fears of deflation in the Eurozone. This is of course welcome but we are still a very long way from the economy functioning normally. There are in my opinion many risks still in the Eurozone and I would not be surprised to soon see rates back above 1.20.
If you have euros to sell now could be a very good time to enter the market. For a free, no obligation discussion of everything relating to your exchange and the current pound euro forecast please contact me on [email protected]