GBPEUR rates have improved and are now comfortably above the 1.26 level representing an excellent time to buy Euros. Despite the continuing improvements clearly rates won’t just keep rising. If you need to buy Euros now is a two year high to purchase them and there are no guarantees the rate will just keep rising.
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Much longer term the Eur will probably weaken against the pound as it becomes apparent the UK is raising interest rates much further in the future than expected now. If you have a requirement now to buy or sell Euros, making clear your position sooner rather than later is probably the best way to avoid disappointment!