GBP-EUR Rates – how much will they continue to slide? (Joshua Privett)

Yesterday was a shock to many on the markets. GBP-EUR rates started just below 1.41 but throughout the da slide down into low 1.38 territory.

With little data out that day to cause so much unconfidence in Sterling the explanation actually lies with Euro strength. Markets must be anticipating some sort of deal between Greece and its creditors.

Today the only data releases which could affect rates are the Bank of England interest rate decision, but that is expected to come in with no surprises. Based on this, with nothing to stem the tide of money moving back into the more stable Euro, I expect rates to continue to fall today.

Those with Euros to purchase should call 01494 787 478 immediately for a free quote on their transfer before these fantastic buying opportunities we have been enjoying this month vanish. Joshua – [email protected]