The outlook for the pound remains very positive but the Euro is expected to remain strongly favoured too. On balance I would expect the euro to win the battle over the course of the next few weeks. If the ECB (European Central Bank) is to be believed they expect that inflation will naturally rise next month and up ahead. Quite frankly this is a last chance saloon for the Euro and the ECB. If the Inflation picture doesn’t improve soon then we could be in a whole world of trouble for the Eurozone!
If you need to sell euros to buy sterling even with the positive picture for the Euro, this possibility is something to beware of which could really disrupt the current outlook. For more information on what will drive the exchange rate please don’t hesitate to contact me directly on [email protected]