GBPEUR levels this week – EU Inflation key

GBP EUR Exchange Rate: Weekly Review December 4th  

GBEUR levels are flat at the moment around 1.258. generally levels have been flat this week as there is normally little economic data to drive market movement. This changes however tomorrow with inflation data from the Europeans. This is probabaly going to weaken the euro making it cheaper to buy, great news for buyers however sellers should not be very wary as the trend of negative movement I think will return.  The hope that sellers do have is that uncertainy around the Scottish vote in a few weeks could weaken the Pound but generally as policy centrally between the banks are so different it really seems that GBPEUR rates are again on the way up.  I would not be surprised to see levels climb up to 1.27 within the next 6 weeks.

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