Sterling Euro Exchange rates waiting for the Bank of England Announcement (Tom Holian)

Sterling Euro exchange rates have picked up during the early part of the week in spite of Eurozone GDP having been upgraded yesterday from 0.3% to 0.4% for the second quarter.

However, as the ECB downgraded the Eurozone growth forecast for the next three years the data yesterday did little to affect Sterling Euro exchange rates.

Tomorrow the Bank of England meets and will decide how many of the 9 members of the MPC will vote for a rate rise so any appetite for more than one could see Sterling pick up against the Euro during tomorrow afternoon’s trading session.

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]