Sterling- Euro exchange rates could get volatile at 13:30pm (Daniel Wright)

GBP EUR Slumps After Stronger Euro Growth

This afternoon has the potential to be fairly volatile for GBP-EUR rates of exchange as we not only have interest rate decisions  for both the U.K and Europe and although no change in interest rates is expected for the U.K there is a minor chance we will see movement for Europe as the IMF have commented this morning that they feel that the Eurozone still need to cut interest rates so we may see a surprise if not this month then in the coming months.

Also highly important is the press conference with the head of the European Central Bank Mario Draghi where he will be no doubt quizzed about how he plans to deal with the European economy going forward and you tend to find investors and speculators alike do tend to hang off of his every word.

if you are looking to buy or indeed sell Euros then this afternoon could be extremely important for the coming weeks so it is extremely prudent to keep in close contact with an experienced and proactive currency broker who can make you aware of any movements either in your favour or against you.

If this seems of interest then feel free to get in touch with me directly – You can email me on [email protected] and I will be more than happy to give you a call personally to explain how I may be able to help.