GBPEUR rates dip – what will tomorrow bring?

GBP EUR Exchange Rate: Weekly Review July 16  

The pound has fallen against the euro as the market takes profits and some slightly better than expected Eurozone data helps the market. I think this is a very good time to be considering selling Euros for GBP as this spike is not likely to continue.

Whilst rates are unlikely to continue to fall, there is a strong likelihood the pound will strengthen again as the economic data for the UK whilst not as good as hoped, is generally very positive and much better than the worst projections from last year.

The UK’s economic performance is far outweighing that of the Eurozone and consequently it is surely only a matter of time before rates go higher again. I think therefore if you have a transfer to consider involving the euro to pound, moving sooner is wisest.

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