Sterling Euro breaks 1.40 (Tom Holian)

Pound to Dollar Rate Drops to One-month Low

Sterling Euro exchange rates have today broken through 1.40 on the Interbank level hitting the best exchange rates since early March.

This has been fueled by the rumours that Greece may not be able to carry on the current structure of debt repayments and this has led to a huge amount of Euro weakness providing excellent opportunities to buy Euros with Sterling.

Tomorrow morning the UK releases Retail Sales which could be better than expected and this could see further Sterling gains vs the Euro during tomorrow’s trading session. 

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]