GBPEUR rates remain above 1.20, will it last?

Pound to Dollar Rate Drops to One-month Low

The latest economic news has shown UK Manufacturing improving but there is still scope for some negative headlines and bad data as a result of the weather. If you are buying Euros you remain at very close to a one year high and I think this still represents an excellent opportunity to buy the single currency. If you are looking for a little more then it is worth holding on to see what happens this Thursday as the ECB (European Central Bank) meeting takes place. There is scope for the ECB to say something regarding their Inflation situation which whilst improved is still a concern.

I very much doubt a change in policy but there is a strong likelihood of some nods to the situation and I am sure the ECB will be watching future Inflation releases very carefully, linking possible changes in policy to this release.

If you have a transaction involving the pound or Euro and wish to find out about getting the very best exchange rates and forecasts, please contact us using the contact form or feel free to contact me Jonathan directly on [email protected]