Sterling Euro exchange rates spike up over 1.20 due to positive Retail Sales (Daniel Wright)

GBP EUR Drops After GDP Misses BoE’s 5% Target

Pound Sterling rates of exchange against the Euro have spiked in trading this morning following exceedingly positive Retail Sales figures released for the U.K. This suggests that maybe the poor weather we did see throughout the course of February has not help consumers back and that retailers seemingly had a field day last month.

This good news may be just what Sterling needed to re start the charge back up in the right direction  as a few fairly key levels of resistance have now been battered down so we may see a nice strong end to the week.

If you are looking to purchase Euros with Sterling then it may well be a great opportunity for you to take advantage of.

Feel free to contact me directly if you do wish to purchase foreign currency either now or in the near future and I will be more than happy to assist you both in terms of getting the very best rate of exchange and also the highest quality of service as well, you can email me (Daniel Wright) directly on [email protected] and I will be more than happy to help you.