Scottish No Vote give Sterling a lift against the Euro (Tom Holian)

Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

Sterling Euro exchange rates briefly touched above 1.28 today immediately after the release of the referendum vote which was released at 6am this morning.

If you’ve been reading my previous articles I was very clear that I thought a No vote would prevail but with a 55/45 vote was perhaps a little too close for comfort.

The GBPEUR rates have been pricing these figures in for the last few days and even with the vote this morning I think the gains will be only short lived. Indeed, since the start of the trading session Sterling Euro rates have already dropped by 1 cent from this morning’s highs.

Next week I think we’ll see Sterling just drift lower against the single currency as the speculation calms down.

If you have a currency transfer to make and want to save money on exchange rates compared to using your bank then contact me directly for a free quote. Tom Holian [email protected]