The best GBPEUR rates in two years might be about to slip away and anyone with a keen interest in maximising their exchange rate would do well to take stock of the current rate and what options are available. Complacency is a very dangerous thing when assessing the market and history tells us that just when everything appears to be headed in one direction, it is often the case exchange rates can take a turn for the worse. At the turn of last year GBPEUR was at 1,24 and by March it was 1.14.
With sterling close to 2 cents down from the recent highs it would appear the impressive gains of the last months have halted. The question now is how much further could the pound drop and tomorrow could give us a good idea. The Bank of England Quarterly Inflation report will give investors a chance to determine exactly what Mark Carney and the BoE members think moving forward about the UK economy.
To get the best deals on your currency exchange and to be kept up to date with the latest news and information please contact me Jonathan on [email protected]