GBPEUR levels climb

GBP EUR Starts the Week with 1.1800 Test

Today rates have climbed to a near fresh 4 week high against the single currency.  Rates are however on their way back down I think. We have the big ECB decision later in this week and after a 4 cents climb over the last week I can honestly say that I think that the current levels and form for the GBPEUR pairing is a short term opportunity rather than a long term trend.  It again shows that rates never move in a straight line and timing a transfer will be key in getting the best price.

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