Sterling has better end to a poor week (Mike Vaughan)

ECB interest rates and Brexit update

Stronger than expected GDP estimates and weaker industrial production figures from Germany has lent support to the Euro today to end what has been a poor weak for the pound. Since reaching a one year high of 1.2270 levels fell back into the 1.19s yesterday but have recovered back to 1.2065 at the days high. For me I believe this weeks trend has just been a slight correction a I would expect sterling to push back towards 1.22 in the next few weeks. For this reason should you be selling Euros this weeks movements should be viewed as an opportunity.

Should you have an upcoming bank to bank money exchange to arrange and you would like assistance with your transfer then please get in touch. When making your decision about the timing of your transfer it is best to get as much information as possible. To find out more about the currency service we provide and the various contracts we can offer then please get in touch on 01494 787478. Alternatively email me with a brief overview of your particular requirement and I will happily get in touch to run through your options and to discuss the current market trends. Email Mike at [email protected]