Sterling – Euro exchange rates remain steady

GBP/EUR exchange rates creep up over the course of the trading week
Daniel Wright

The Pound – Euro exchange rate has remained fairly steady in trading today with very little economic data out for either currency to feel off of.

We do have Governor of the Bank of England Mark Carney speaking a little later on which has the potential to lead to some market volatility and if you are looking to buy or sell Euros in the near future then you must be wary of the Federal Reserve interest rate decision this evening. No change in interest rates is expected however this can have an effect on global attitude to risk so  do be aware we may see some evening market movements if any comment on future fiscal policy or tapering of Quantitative Easing is made.

We have a stack of data out for both the U.K and Europe tomorrow so I would expect to see some great buying or selling opportunities arise throughout the morning – If you would like to be kept fully aware of any spikes in your favour then feel free to get in touch with me directly, I can assist with bank to bank transfers involving most major currencies.

If you feel the service may be of use then feel free to email me on [email protected] with a brief description of what you are looking to carry out and I will be more than happy to assist you personally.