GBPEUR forecast for the next 7 days (Steve Eakins)

Sterling Euro prices have been very chanagebl this week with a good recovery from the lows of 1.33 last week. A new 3 week high was achieved close to 1.38 on Thursday as UK economic data showed a boost even though growth forecast was reduced for the year ahead by the Bank of England.  Moving forward over the next 7 days there is a lot of economic data due from Europe, generally I expect the Euro to become cheaper to buy so good news for anyone buying euros. Please don’t however expect rates to move in a straight line. The best levels to buy will probabaly be on Thursday or Friday, sellers will be Monday or Wednesday is the expectation.

For a full breakdown on levels, range limits, live prices and forecasts please contact myself directly Steve Eakins at www.currencies.co.uk