100 days till the UK General Election (Tom Holian)

With 100 days to go before the UK general election we could be in for an interesting next few months for Sterling Euro exchange rates.

Looking at the polls there is no clear party emerging which means we could be in for another hung parliament and therefore another coalition government.

With the Greeks having voted in the Syriza party the next repayment they have to make is due late February so it will be interesting to see if they are able to renegotiate the terms of the previous bailout by the IMF and EU.

This morning the UK publishes GDP figures for the final quarter of 2014 and if the data is lower than expected we could see Sterling fall against the Euro.

German unemployment data is due on Thursday morning followed by the ECB monthly report and CPI data for Germany on Thursday afternoon so we expect to see a big movement for GBPEUR exchange rates.

The Eurozone is still reeling from the Swiss National Bank movement last week and the Quantitative Easing from last Thursday so expect a volatile period for exchange rates between now and the end of the month.

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]