Tomorrow is expected to be a very busy day on GBPEUR with a number of important data releases which could move the market. I personally favour the pound longer term as the UK appears to be in a better position than the Eurozone. However since the UK relies heavily on a buoyant Eurozone this will not necessarily translate into better rates for those buying Euros with the pound.
Looking at the forecast for the pound GBP strength is not necessarily guaranteed and if you need to buy the Euro with sterling it might be well worth taking stock of the current market and trying to limit your risk with one of our contract options. For more information on how ot protect yourself please contact me Jonathan on [email protected]