The expectation of 2-3 MPC members voting for a rate hike had boosted Sterling value before the MPC minutes. When only one member voted for a hike we have seen Sterling drop in value against the Euro. Personally I think there maybe some jawboning from Mark Carney shortly in order to artificially weaken the Pound due to our dwindling exports. If I was a Euro buyer I would get it done. I think Sterling is seriously overvalued at present. There are several large trades going through GBP/EUR today and early next week which potentially I can tag new clients on to in order to obtain a very competitive rate. Don’t hesitate to get in touch if you have a Euro requirement I will be happy to assist.
I am also offering a free rate alert service to notify potential clients of any spikes or troughs in the market. feel free to drop me an email if you would like to take advantage of this service.
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 on [email protected] or call on 01494 787 478 and ask for Daniel Johnson.