This morning has seen Sterling gain ground on all major currency parings. UK Retail Sales figures came in far better than expected. Last months figures came in at -0.4%. this months predicted figures were 0.3%, but we had a considerable jump to 1.9%. It may be advisable to get a trade done if you are purchasing anything but the Euro.
This was followed by the ECB monetary policy statement where Draghi indicated they are willing to lengthen and increase QE. If you have a Euro requirement it is looking exceptional, I would be looking to move. Alternatively you could procrastinate waiting for 1.40 and lose out.
I do have several large GBP-EUR 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 will guarantee to beat any bank or brokerage’s exchange rates.
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.