GBPEUR forecast – UK Retail figures and GDP forecasts

GBPEUR rates have again hit new highs this week, reaching fresh 2 year highs against the EURO and near 5 year high against the Dollar.  My personal view is that these levels are the top we will see this month with the peak either expected this morning on Retail figures being released or tomorrow with UK GDP figures.  Thereafter economic data which traditionally drives the markets is fairly thin as they are generally released at the beginning of the month with data on the previous month.  Longer term levels will probably revisit these levels through August but there will probably be less opportunity due to the August slow down over a majority of Europe.

September will then have more opportunity as we focus on the referendum in Scotland and speculation will probably build on when UK interest rates will rise.

Currently central bank prices are challenging 1.27.  Unfortunately the banks will not offer this level for you to trade and can be up to 6% off these levels adding a significant cost to your transfers. Here we get a lot closer and therefore provide a saving on every trade. Plus with pro-active service helping you time the trade the experience and therefore cost in generally reduced significantly.

Simply put if we could not save you money on your exchange we would not be in business. PLUS with awards given to us for both our service and rates of exchange you can be comfortable in the knowledge you will experience a professional service.

For more information, live prices or to register for our service contact the author STEVE EAKINS via [email protected]