GBP/EUR Rises Following UK GDP Figures (Matthew Vassallo)

GBP EUR Exchange Rate: Weekly Review July 16  

GBP/EUR rates spiked today following the release of this morning’s UK GDP figures. The official figure came out at 0.8%, which was the best level seen since 2008. GDP figures indicate the relative growth of an economy and the ONS statistics for UK growth during Q2 of this year mare likely to breed further investor confidence in the Pound.

Despite GBP/EUR rates trading close to a two year high the EUR has found support around the current levels. For this reason it may be worth considering your position if you do have an upcoming EUR purchase.

If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me directly on [email protected]