Excellent opportunities now for selling Euros into Sterling (Tom Holian)

Pound to Dollar Rate Drops to One-month Low

Sterling Euro exchange rates have hit their lowest level in weeks after both the UK and US now look less likely to raise interest rates.

The Chinese intervention with the Yuan and the cutting of interest rates themselves this week has now pushed back any change for monetary policy for the US and UK.

This has led to the Pound weakening against the single currency creating some excellent opportunities to sell Euros into Sterling.

UK GDP figures are due out on Friday morning and if the data is lower than expected we could see even further Euro strength at the end of the week.

If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian [email protected]