GBP/EUR 1.2150. Attractive rates to buy Euros. (Ben Amrany)

The pound has been holding steady around the 1.2150 level which is representing very attractive buying Euro rates. The pound rose sharply yesterday as official UK unemployment figures dropped to 6.9% the lowest figure in 5 years. The important thing is that this is below the 7% target rate the BoE had initially set out in their forward guidance policies. This milestone has caused the pound to spike and it would not surprise me if we see the Euro claw back some losses next week but in general I would try and see if you can trade when the pound gets to 1.22 near the high of the year.

Due to the Bank holiday there is not a great deal going to be happening over the next few days but you will be wise to check out our sites next week when I am sure there will be more volatility coming back to the markets.

If you feel that you would like assistance with an up and coming currency transfer you have to make we will strive to help you beat the rate of exchange your bank will offer you. Our savings can be up to 4% and I will also offer a very personal service to help you judge when you should buy the currency you require. if I know what your requirement is I can recommend the best options available to you.

If you are in the situation needing to move money internationally and looking for the best price – please feel free to contact the author – Ben Amrany – via the telephone number at the top of the page or via email at bma@currencies.co.uk