GBPEUR fall is not unexpected and may get worse

The Pound Continues Its Fightback

GBPEUR dropped last week as the Bank of England confirmed interest rate rises are likely to be much further into 2015 than previously thought. From here on it is highly likely that the pound will come under more pressure as the main reason for GBP strength this year is the high expectation of an interest rate rise for the UK. Moving forward I expect any interest rate rise for the UK will be put much further back and GBP will suffer as a result.

If you wish to learn a little more about how this will impact your currency transfer please don’t hesitate to contact me directly on [email protected]