GBPEUR Rates are very impressive!

GBPEUR exchange rates have risen again today on the back of interest rate expectations in the United States and a belief the UK too will be raising their base rate too. The Euro is essentially bottom off the class at present with investors having all but given up on holding the currency following a very tricky year for the single currency.

The most important thing left this week is the news from the Eurozone for Unemployment and Inflation data at 10.00 am. This potentially has the potential to see the Euro strengthen as it does appear this could be a short term spike for Euro sellers to take advantage. The longer term prospects I feel clearly favour the pound in this scenario and would suggest anyone selling Euros starts planning an exit strategy.

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