EURO at near 2 months high against Sterling

GBP EUR Exchange Rate: Weekly Review July 16  

Euro strength has returned against the Pound giving euro sellers the best levels we have seen for many months. The last 7 days we have seen the largest increase in its value against the pound for over 2 ½ years. This is generally down to the UK pushing back interest rate change and the start of the political race for the elections in may taking the heat out of the Pound.  Levels currently sit almost 4 cents better than they did last week giving a real opportunity to save some money if you are looking at buying Sterling with the single currency. I personally do think that we could see a little further from this run as the Pound remains a sell by many investors. Tomorrow we have Retail figures for the UK however which is expected to show an improvement so watch out for this, you may want to move before this release.

If you would like more information on the potential timing of a trade or simply a live quotation please feel free to contact myself, Steve Eakins at [email protected]