How will Sterling vs Euro Exchange Rates move next week? (Tom Holian)

Sterling Euro exchange rates will likely to impacted by inflation data released both in the UK and the Eurozone.

With ECB president Mario Draghi suggesting last week that there is room for further QE if inflation continues to fall, Wednesday’s Eurozone inflation announcement will be key to movements for Sterling Euro exchange rates going forward.

With interest rates now unlikely to go up anytime soon for the UK and the minutes confirming an 8-1 vote in favour of keeping rates the same this is why we saw Sterling fall against the single currency from late Thursday and also during Friday’s trading session.

US Retail Sales are also due out on Tuesday and any positive signs could influence the Federal Reserve to raise interest rates on September 17th.

If a rate rise does occur next week for the US this will likely mean Dollar strength which more often than not results in Euro weakness.

That being the case this could provide some excellent opportunities to buy Euros with Sterling towards the end of the week.

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