Sterling Euro hits 2 year high (Tom Holian)

GBP EUR Slumps After Stronger Euro Growth

Sterling Euro exchange rates have hit their highest level since August 2012 following the UK inflation data out earlier this morning. Inflation now stands at 2% in line with the Bank of England’s target and is its highest level since January 2012.

This means more pressure on the Bank of England to raise interest rates sooner than the markets currently expect.

This has also seen Sterling continue in its upwards direction and provide some excellent buying opportunities for those clients looking to buy Euros.

If you’re thinking of buying a property abroad or need money for living expenses then feel free to contact me for  a free quote Tom Holian [email protected]