Euro Weakens on Drop in VW Share Price (Daniel Johnson)

GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Unexpected news again causes unforeseen volatility on the currency market. VW faked  emission results  through a cunning ruse to pass emission standards on some of their vehicles. They are facing a huge fine which has led to a 20% fall in their share price. Euro has taken a hit and GBP/EUR stood at a day high of 1.3894.  With rumours filtering through of more QE in the Eurozone I think there could be the possibility we hit above 1.3950.

If you are selling Euros I would be looking to move ASAP. I can’t see GBP/EUR getting back to 1.36 any time soon.

I do have several large EUr-GBP trades going through in the coming days that potentially I could tag new clients on to and achieve a very competitive rate. Please do get in touch if this is something of interest.

I am currently offering a free rate alert service, just drop a line or e-mail with your currency requirements including your time scale and the levels you are hoping to obtain and I will notify you of  any significant movement.

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.