As the close to the UK trading day approaches it has been yet another turbulent day for GBP / EUR. Rates have again spiked up in line with some of the highest levels seen for nearly 3 months. That being said rates have cooled off slightly this afternoon and could possibly finish in the 1.39s.
I personally think that the key risk for those buying Euros will be Greece eventually resolving its bailout with both the Eurozone Central Bank and the International Monetary Fund.
Therefore if you are BUYING Euros, I’d be inclined to move ASAP as the risk of rates dropping far outweighs the slim reward of a slight increase.
Feel free to drop me a line on 01494 787 478 or email me directly AJB@currencies.co.uk (please quote this blog).
Have a good evening…