Why is Sterling weakening against the Euro?

GBP EUR Starts the Week on a Positive Note

Over the last 7 days of trading, Sterling has weakened day by day against the Euro. In my opinion one of the main reasons for this is UK exports have become too expensive which is also now being supported by figures released yesterday. Furthermore in the last 7 days Mark Carney (Governor of the BoE) and Andy Haldane (one of the 9 members which votes on the interest rate decision) have weakened sterling with there negative comments, in my opinion an attempt to make UK exports more affordable.

I believe the best levels for buying Euros have been and gone and anyone looking to buy Euros should do it sooner rather than later on a spot contract.  Anyone looking to sell euros should place a limit order and catch the market on the drop. If you are looking for award winning exchange rates and want further information feel free to email me on [email protected]  or alternatively call 01494 787 478 and quote DAYLE LITTLEJOHN.