Sterling Rising against the Euro (Tom Holian)

GBP EUR Higher as Inflation Jumps Again

We have seen GBPEUR exchange rates move quite considerably this week following some very positive UK Retail Sales yesterday which showed a rise to 4.3% from 3.8%.

This sent Sterling back above 1.25 again and this morning we have seen Sterling gain even further. Indeed, ECB President Mario Draghi’s comments have sent Sterling above 1.26 at the time of writing.

With little data due out this afternoon we could see rates remain around this level.

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]