Sterling Euro exchange rates close in on a 12 month high once again (Daniel Wright)

GBP EUR Exchange Rate: Weekly Review July 16  
Daniel Wright

The Pound has had a good solid end to the week thus far as it closes in on once again reaching a 12 month high against the Euro.

House price data released overnight has given Sterling a welcome boost for those looking to buy Euros and personally I would be a little wary about upcoming economic data throughout March as this may be where we start to see just how much the flooding throughout February impacted on the economy.

If you are looking to buy a property overseas in the near future and you wish to lock in on today’s exchange rates then there is the possibility of booking out a forward contract. A forward contract is where you can lock into a rate of exchange for anything up to a year in advance with just a small deposit.

The beauty of contracts like this is that you then know exactly how much that property will be costing you in Sterling, eliminating the risk of a vast currency movement pushing you way over budget.

Should you feel an option like this would work out well for you then this is indeed something I can help you with personally. All you need to do to get in touch is to contact me (Daniel Wright) directly by emailing [email protected] with a brief description or your requirements and what you are looking to do and I will be more than happy to assist you personally.