GBPEUR dips below 1.27

GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

The pound to euro exchange rate is under fresh attack following some much worse than expected UK data in 2015. The pound was always looking rather overvalued retaining much of the value that was placed into it when it looked like the UK would raise interest rates in 2014!

The outlook for me is going to be shaped by two key events, the Greek election and the announcement of QE by the ECB. Quantitative Easing as expected by the European Central Bank could really cause some volatility on Euro rates. If you have Euros to sell I would not be holding on too long to see what happens, most analysts expect the Euro to struggle in 2015.

For more information on just where rates could be headed please email me [email protected]