The recent trends on GBPEUR look set to continue as expectations are for the Euro to weaken in the near term. The Euro is likely to continue to weaken which will ensure we get better rates for Euro buyers.
Inflation is the key topic of late and this is brought into focus tomorrow when we have the CPI Inflation report for the Eurozone. I expect to see the Euro weaken as Inflation has been the key topic and a deteriorating Inflation picture in the Eurozone means we could see the Inflation rates fall further.
This would be most troublesome for anyone hoping to enjoy better rates to sell the Euros for the pound. The likelihood is that we will see the rates deteriorate.
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