With the first of the live debates last Thursday, the election is now in full swing. Recent polls suggest that the Labour party are slightly ahead with the conservative party on there heels. The uncertainty this is causing, is no doubt going to have a negative effect on GBP/ EUR exchange rates and I believe the currency pair will be trading in the low 1.33s by May 7th.
If you want to take advantage of today’s exchange rates but do not have all of the funds available I would recommend a forward contract. This is where you lock the rate into the rate of exchange today and pay later. For more information feel free to email me on [email protected] or alternatively call 01494 787 478 and quote DAYLE LITTLEJOHN.