The Euro Strikes Back! (Daniel Johnson)

GBP EUR Drops After GDP Misses BoE’s 5% Target

The Euro has started to rally back against Sterling. We have seen 1.44 this week, I felt GBP/EUR was chronically overvalued and we are finally seeing the Euro gain some much needed ground. If you have to sell Euros in the near future I don’t see any major movements on the Greece situation in the next fortnight, so it may be an idea to move while GBP/EUR sits in the 1.42’s.

Thank you for reading today’s Blog, I would greatly appreciate any feedback you have and would take pleasure in replying personally. I am more than than happy to assist you with any of your currency requirements. Feel free to e-mail me at [email protected] or call on 01494 787 478 and ask for Daniel Johnson.