Sterling Euro waits for Thursday (Tom Holian)

GBP EUR Higher as Inflation Jumps Again

Sterling Euro exchange rates have remained in a tight range this week as markets wait with bated breath to see what will happen with both the Bank of England and the European Central Bank on Thursday.

Interest rates are up for review both in the UK and the Eurozone and although I don’t foresee any changes this week I think the ECB press conference will provide us with a lot of volatility for GBPEUR exchange rates.

UK manufacturing showed an improvement yesterday which helped push Sterling vs Euro above 1.26.

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]