Sterling Euro Close to 1.23 (Tom Holian)

Sterling vs Euro has continued in an upwards direction  almost hitting 1.23 this afternoon as worries continue that the ECB may look at Quantitative Easing as an option in June if inflation continues to remain low.

German inflation data is due out in the morning and the expectation is for 1.3% for the last year so anything lower could send Sterling higher against the single currency.

French inflation data is also out in the morning so if you need to buy Euros this week may provide you with some excellent opportunities.

The UK publishes its own set on jobs data in the morning and with unemployment the best level in 5 years if the news is positive expect exchange rates for GBPEUR to break through 1.23.

If you have a currency transfer to make and want to save money on exchange rates then contact me directly for a free quote Tom Holian [email protected]