Sterling steady as the market calms down following a busy few weeks (Mike Vaughan)

Euro Suffers Losses to a Strong US Dollar and a Resilient Pound Sterling

Sterling exchange rates have remained steady against the euro sitting at 1.2730 at the time of writing as the market cools following the Scottish referendum last week. For me we are now likely to see a period of consolidation for this pair with little data of not this week to impact either. With the current GBP/EUR rate close to a two year high it still represents strong value for anyone buying the single currency.

With a relatively quiet week following the havoc seen pre and post the Scottish independence vote, this could be a perfect time for you to take stock of your current position. It is important to get as much information as you can when making a decision on the timing of your trade and this is where our service can help. With access to numerous sources we aggressively undercut the banks and other financial institutions and aim to help our clients maximise their exchange. For more information on the full currency service we provide please email Mike at [email protected]