Pound remains stable around the 1.20 level (Daniel Wright)

GBP EUR Lower Despite Weaker Euro Data 

Sterling Euro exchange rates have remained fairly steady in trading today with very little economic data actually released either for the Eurozone for for the U.K.

We did have some fairly positive mortgage data out for the U.S which actually resulted in Sterling dipping in value a little during the middle of the day but as I write this the Pound has made a recovery against the Euro to pretty much exactly where it started off this morning.

Many of my clients are currently looking to achieve 1.20 as an actual buying price for their Euros and we are now starting to get exceedingly close, if you are also in this position it may be prudent to get in contact with me directly by emailing me on [email protected] with a brief description of what you are looking to do and a telephone number.

Tomorrow morning brings a flurry of inflation data for the Eurozone which will no doubt cause volatility and we then await Retail Sales figures from the U.K at 09:30 am on Friday to round off the week.