Where Next For GBP/EUR Exchange Rates? (Matthew Vassallo)

GBPEUR Levels Back Near the Recent Highs as Investor Concerns on the Euro Heighten
Matt Vassallo

GBP/EUR rates have remained very flat during Wednesday morning’s trading, following a volatile day for the currency pair yesterday. We did see the EUR start to strengthen against GBP in the build up to the release of yesterday’s Gross Domestic Product (GDP) figures, which indicated we may see weaker figures than expected.

As it happened the figures released, whilst positive, were in line with expectations and this helped push the Pound back up through 1.21 on the exchange. Personally I still feel the current levels provide some good buying opportunities and anyone expecting rates to continue on their upward trend should be aware the Bank of England (BoE) are becoming concerned that the Pound is gaining too much market value.

If you have an upcoming currency requirement and need to be kept up to date with all the latest market developments, or simply wish to compare our exchange rates with your current provider, then please feel free to contact me directly at [email protected]. Alternatively, you can contact one of our experienced brokers today on 0044 1494 787 478.