Pound Euro exchange rates remain stable so far this week – The key to volatility may be Thursday

GBP EUR Exchange Rate: Weekly Review July 16  

Sterling rates againt the Euro have remained fairly flat so far this week with little to shout about for those looking to either buy or sell Euros with Sterling.

For me the key will be Thursday when we see interest rate decisions for both the Bank of England and the European Central Bank. No change in  rates is excpected for either but any comments released by the Bank of England at 12:00pm or comments made by head of the European  Central Bank mario Draghi in his press conference at 13:30pm will be of great importance.

Draghi generally holds a press conference after every rate decision from the European Central Bank and investors will hang off of his every word. Any Euro positive comments may lead to Euro strength and any Euro negative comments could lead to the Euro losing strength.

With the exchange rates moving every two seconds it is key to act fast or have an experienced currency broker monitoring the market for you during information being released like this.

If you have an up and coming currency transfer to carry out and you wish to receive the very best rates of exchange for that transfer along with an extremely high level of customer service and assistance then feel free to email me (Daniel Wright) directly on [email protected] and I will be more than happy to help you.