Following the FEDs decision to continue with its tapering of QE the market has done little to react as this was expected. This brings the focus this morning to Euro Zone consumer confidence figures which are expected to show a solid improvement and could lend support to the Euro this morning. This release is scheduled for 10:00.
To finish off the week for GBP/EUR Friday is relatively quiet day from the pounds point of view but watch out for inflation figures from Europe at 10:00 along with unemployment data. Unemployment is expected to stay at 12.1% but any deviation from this and expect volatility for Euro exchange rates.
Should you have an upcoming exchange to arrange and you would like to discuss the currency service we provide and how we can help you achieve a better exchange rate than major banks and other institutions then please contact the office on +44 (0) 1494 787478 or email Mike at [email protected]