Sterling Euro exchange rates hit 22 month high! (Daniel Wright)

GBP EUR Slumps Despite Higher UK Employment

The Pound is now trading at 22 month highs against the Euro following the European Central Bank press conference today where head of the European Central Bank commented that he may well look at introducing QE should inflation assessments change.

QE (Quantitative Easing) is generally seen as negative for the currency concerned and even the mere mention of it by the Bank of England or Federal Reserve (U.S) has led to their respective currencies losing strength which is exactly what we saw during trading  this afternoon.

My personal opinion at present is to trade on the spikes so if you do have a currency requirement either now or in the near future it may be prudent to take advantage of current levels with at least some of your funds. If you have an upcoming transfer to carry out and want to get the best exchange rates along with great customer service and knowledge of the markets then email me directly on [email protected] I welcome all enquiries for bank to bank transfers however i’m afraid I cannot help with cash transactions or speculation.