GBPEUR rates have stayed steady this week so far as we enter the end of the month, when economic data is light. Rates will surly pick up and the volatility will return over the next few days however so if you have a currency transfer to make please make sure you are ready. This means making your broker aware of your situation so that can be your eyes and ears in the market. Here we offer that pro-active service helping people make a more educated decision and assist with timing their trades. So for example highlighting days and events in the future which could provide a market movement or simply breaking radio silence when the market spikes.
This week watch out for data on Friday as the Europeans start their new monthly cycle of economic data. This will include Inflation and Unemployment data. It will be the first time that we see results from the banks policy change early last month when they lowered interest rates to a record low. Should be interesting reading and I certainly think it will change prices in the market. If you would like breaking news when this is released please feel free to register your interest by emailing me at [email protected]